Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:


ES busting through 927's here could bring in filling some of the gap up from Sunday/Monday AH session. :cool: I do expect bulls to make some attempt to defend this 927/928 area....let's see how they do. :eek:
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I understand gaps if you don't have a chart running 24hrs, but I'm a little puzzled by how to define a gap where a chart is running all hrs the market is open . . . price movement w/o CD movement?

Also could you please explain your thought process in expecting this area to be defended [some] by bulls . . .
 
Quote from AMT4SWA:

All targets at 928.50 filled........cleared out all last 946.25 entries and portions of 947.50 and 948.50 entries. Now holding 5/6'th of 948.50 entries and 2/3'rds of 947.50 entries......holding heavy looking for this 949.00 touch to be our intermediate term top (as a result of the massive negative delta divergence signal last two days).

ES busting through 927's here could bring in filling some of the gap up from Sunday/Monday AH session. :cool: I do expect bulls to make some attempt to defend this 927/928 area....let's see how they do. :eek:
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Nice trading results AMT.

Whenever you have some spare time, would you tell something about the procedures by which you increased your playing bankroll so that you can now play in the 100-200 max position leagues (estimated including DAX)?.

I mean, for the benefit of the few of us reading this thread that have nowhere that kind of money to risk, and that aspire one day to play in your league, or perhaps bigger.

Cheers.

JW
 
Quote from AMT4SWA:

All targets at 928.50 filled........cleared out all last 946.25 entries and portions of 947.50 and 948.50 entries. Now holding 5/6'th of 948.50 entries and 2/3'rds of 947.50 entries......holding heavy looking for this 949.00 touch to be our intermediate term top (as a result of the massive negative delta divergence signal last two days).

ES busting through 927's here could bring in filling some of the gap up from Sunday/Monday AH session. :cool: I do expect bulls to make some attempt to defend this 927/928 area....let's see how they do. :eek:
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924-927 long zone. Let's see what CDV looks like on a retest.

Edit: PA mini IHS @ 929.25 while CD making LH/LL, who's going to win?

D.
 
Quote from Insearch:

I understand gaps if you don't have a chart running 24hrs, but I'm a little puzzled by how to define a gap where a chart is running all hrs the market is open . . . price movement w/o CD movement?

Also could you please explain your thought process in expecting this area to be defended [some] by bulls . . .
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The gap was just an area from Friday's close to Monday's open.....then I take a look at the lowest pullback pivot in the AH session after the run up which is 927.25 level. IMO the 927's then become important to pay attention to, as this WAS ALSO the upper level of the last 924-927's Delta Zone that was eventually broken up through. :)

I always look back to see areas where a bull might be willing to come in and try to buy.......927's looked like that type of an area to me. :)
 
Quote from Whisky:

Nice trading results AMT.

Whenever you have some spare time, would you tell something about the procedures by which you increased your playing bankroll so that you can now play in the 100-200 max position leagues (estimated including DAX)?.

Cheers.

JW
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I have increased position size very slow over time......there is no rush imo as long as you remain profitable on a monthly basis, and you feel comfortable your system remains robust.

The biggest problem I see is that traders try and rush position size increase too fast once they build a method that works for them.....just calm down and take one step at a time. You can always grow your position size by 1 additional contract for every $10,000 to $20,000 growth in your overall accounts......just take your time. :)
 
Quote from AMT4SWA:

I have increased position size very slow over time......there is no rush imo as long as you remain profitable on a monthly basis, and you feel comfortable your system remains robust.

The biggest problem I see is that traders try and rush position size increase too fast once they build a method that works for them.....just calm down and take one step at a time. You can always grow your position size by 1 additional contract for every $10,000 to $20,000 growth in your overall accounts......just take your time. :)
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My guess is that when you were smaller, you waited for the best setups and shunned agressive trades?.

How about position management tips for 1-10 lot traders?

Cheers

JW
 
Quote from AMT4SWA:

...927's looked like that type of an area to me. :)
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I think the 200 Day SMA is around 925 to 927 on SPX cash which is near in price to the futures since June contract is near parity with it...

So could be important zone to watch like you say...
 
Quote from Whisky:

My guess is that when you were smaller, you waited for the best setups and shunned agressive trades?.

How about position management tips for 1-10 lot traders?

Cheers

JW
More...
In the past, I would trade conservative set ups until I was up for the day......then I would take all kinds of shots aggressive and conservative.....that worked for me.

Position management takes some good planning and a well thought out plan. You have to "build" a trade/position management method......you just can't wing it from one trade to the next. Take a look at your account size and see what type of size you can trade to limit risk per trade to only 2% to 3% per trade. I would also work on only trading set-ups that will give you a 3:1 risk to reward or better.......so only risk 1 unit of bet for the potential to gain 3 units per bet per trade. Trying to make a successful system out of a 1:1 system is almost futile imo.....just not the optimal play.
 
Quote from EdgeHunter:

I think the 200 Day SMA is around 925 to 927 on SPX cash which is near in price to the futures since June contract is near parity with it...

So could be important zone to watch like you say...
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Correct.....I do think we are going to punch through today. The bears are driving the bus today while the bulls are hanging on in the back! :eek:
 
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