Trading Journal - June

[Seanote]

Closed 1K COST @ 39.40

Flat


- .10 points

 

[Vinny1]

Originally posted by Seanote
I have to leave for the day around 3 est so I'm setting my stops on my current positions that I'm taking home overnight. I plan on closing MERQ out today.

Does your stops stay open overnight on Nasdaq stocks,because i thought ARCA(only ECN that i know of that accepts stop orders)cancels all open orders at the end of the day?

 

[dgabriel]

Originally posted by AAAintheBeltway
This market feels heavy, but I want to note that two of the TradingMarkets VIX signals fired long as of yesterday's close, and I believe another one will fire tonight. When you get multiple VIX signals firing, it is normally a high probability situation. Observing the VIX chart versus the SPX shows that current levels have been good entry points for swing trades in the past, except for the drop last August/Sep.

The 3rd will definitely fire today (RSI turning down), and I went long yesterday using the VIX action as a key criterion. However, the VIX seems to now be in an uptrend while the indicies are in downtrends so I will not wear out my welcome on the long side.

 

[Tony01]

Originally posted by Seanote
Long 2K MERQ @ 31.55

Congratulations!

 

[Seanote]

Originally posted by Vinny1


Does your stops stay open overnight on Nasdaq stocks,because i thought ARCA(only ECN that i know of that accepts stop orders)cancels all open orders at the end of the day?

I set my stops on an alert server so no one knows what my stop price is until the bid or ask triggers the alert, then the order is sent out.

 

[Seanote]

Closed 1K MERQ @ 33.32

+ 1.77 points

Still long 1,000

 

[Seanote]

TODAYS EXECUTIONS:

16:35:38 MERQ SLD 1000 33.32
14:51:51 COST BOT 1000 39.40
14:26:02 MERQ BOT 2000 31.55
14:21:19 MWD SHRT 2000 45.16
11:31:30 MO SHRT 2000 57.69
11:28:40 KLAC SLD 3000 51.15
11:17:20 KLAC BOT 3000 51.50
10:01:26 XLNX BOT 3000 32.11
09:51:40 XLNX SHRT 3000 31.56
09:48:10 XLNX BOT 3000 31.63
09:43:46 XLNX SHRT 3000 32.22

OPEN POSITIONS:

LONG MERQ 1000 31.55 +1.70
SHORT MO 5000 57.74 +0.40
SHORT MWD 2000 45.16 +0.13

CLOSED P&L: $740.00 OPEN P&L: $3,960
MTD: $1,800 YTD: $205,074

 

[JPB]

Originally posted by Seanote


Also, look at the ES futures on a 30 minute 3 day (back to Friday) and a 13 minute 2 day (back to Mon) and look at the fourth candlestick on the 30 min. and the candlestick at 13:30 on the 13 minute. These are major signals that predicted the that the /ESMG2 would drop big (about 40 points). These chart formations are more true with futures then stock. I started trading futures 3 weeks ago and have done very well. I started with 10 contracts and now I'm up to 40. I shorted the ES's at 1069.50, 40 contracts and I'm still short on 30. Studying those 2 charts and the formations that began leading up to those to pivotal candlesticks will hopfully give you some more insight.

Seanote,
I have been more than impressed and inspired by your trading over the last few months, but this takes it all. If you shorted on Monday(?) you never had the trade against you for more than 1.5 points (even so, $3k) and have held 3/4 of it for 20 points (as of now) and I suspect you got better than that on the ten contracts you took off (up to almost 40 points). Nice risk/reward.

I'm reviewing the charts you mentioned. My futures charts go 24 hours, so I don't think they quite line up with yours. Are you saying the 30 minute candle on 5/31 at 10:30-11:00, and the 13 minute on 6/3 at 13:30 eastern time? (my closest 13 minute candle starts at 13:25 EST). Let me say upfront I am not a candlestick expert by any means, but if my times are right, I see a bearish harami cross on the 30 minute, and a sort of bullish reversal hammer on the 13 minute that broke the low of day. If you could verify my times are right I would appreciate it so I'm not trying to read something into these patterns if I'm staring at the wrong ones.

I appreciate you keeping this thread going and would love to see you post more of your futures trades.

-JPB

 

[moffitt]

What is VIX ???? How do I get it?

 

[Seanote]

Originally posted by moffitt
What is VIX ???? How do I get it?

The symbol is $VIX and it measures the Market Volatility Index. Also watch $TRIN (NYSE short term trading index) and $TRIQUE (NAZ short term trading index). Your software should get these quotes.