Observe & Trade

The market went up during the Globex time (the "almost" 24 hour futures trading).

And from that time, all the four instruments (ES, YM, NQ, TF) went up smoothly.

Then in the open, the participants took time to make profit.

It's a sell off!

Maybe due to the impending holidays.

I can see from the chart in the TF, I mentioned earlier it is consolidating.

From there, it went up smoothly till the regular open.

If it was bought at 775.00 then sold at 780.00, that's a 5 points gain ($500.00)

That is if you traded in the Globex time.

Right now, not much to analyze because it's a sell off.

Unless you shorted in the open, but that's a little bit risky to my opinion.

Observe & Trade

Futures market are down as of this moment.

We'll see if the trend continues till the open.

Futures market starts to open around 4:00 pm. est. Sunday.

Watching TF market. Looks like it is now consolidating.

Some notes on the e-minis

As I am going to show some trade ideas in real time here in my blog possibly by tomorrow.

Just to point out some things to know about the e-mini (electronic miniatures) futures trading.

These four indexes are the ones that I am going to find and form trading ideas in real time.

Namely, the Dow Jones 30 which as you may know comprises the main leading companies. They are the movers of the market. In the e-minis, the symbol is YM. It moves in the increments of one point, which equals to $5.00 per contract. So if the YM moves by 50 points, that's $250.00 bucks profit for one contract.

For the S&P 500, ES in the e-mini futures. It moves in the increments of 0.25 points. That's equal to $12.50 per contract. Or $50.00 for a full one-point move. So if the ES moves my 5 points, that's $250.00 profit.

For the NQ (Nasdaq), it moves in the increments of 0.50 points which is equals to $10.00 per contract. For a full point move, that's $20.00. So if the NQ moves by 10 points, that's $200.00.

For the TF, Russell 2000. It moves in the increments of 0.10 points, equals to $10.00 per contract. For a full point of move, that's $100.00. If the TF moves by 5 points that's $500.00 bucks.

So these are the five instruments I am going to show in real time if they have a potential to trade.

Going to observe the market's action in real time until such a time I can find and form trading ideas to get involved. That's how in trading is all about, Observe and Trade!

An Idea

This idea just pop up to me lately and decides to put in here.

It's just that been a while putting some trade ideas here in my humble blog and wants to do some extraordinary task.

My idea is to experiment with few interested individuals who are still on the stage of learning (or the amateur ones) in trading the e-mini futures.

My idea or project is to have a group of interested individuals to trade in real time.

There is of no charge on this, it's just for collaboration how to become a better trader.

But I cannot be responsible for the losses, I will just give my trade ideas or opinion how to get into the trade.

It's all up to the interested individual to determine if my idea make sense (to him/her), but I will make my justification why that kind of trade idea make sense at that time.

This is still in the planning stage and I still have to finalize how I'm gonna set it up.

But I want to find out first if there are some few individuals who are interested.

I am only looking for at least three or five open minded individuals who are committed in learning how to trade the e-minis.

The instruments to be traded are the ES; YM; NQ; and the TF.

I just wanna' make it clear that there can be no trade everyday, if there is probable setup to trade, that's the only way we're going to participate in the market.

It's a participation of all in the group, it's a group trading ideas.

But I will be the one to call the shots.

So for those who are sincere in learning how to trade the e-minis and are interested, drop me a mail at *(see note below).

This is an experimental idea and this is voluntary.

PS.

*NOTE: I am correcting myself on this. I won't be looking for just a few. I will just post my trade ideas in real time here. So no more/need to contact me.

Ari Kiev – The 10 Cardinal Rules Of Trading

Ari Kiev – The 10 Cardinal Rules Of Trading

Observe & Trade

Showing some similarities from SPY and the S&P 5-min charts.

They move mostly at the same time.

Trading them both especially in the e-mini (ES) can give you an edge rather than trading individual stocks.

Notice the previous last hour of trading and the first few hours into the open, it's a seesaw battle.

But after some selling and buying pressure, it settles down and started consolidating.

That's where the best location to enter a trade.

The advantage of trading the e-minis as compared to individual stocks is the absence of market maker (the middleman) that sets the price.

In the futures, there's no problem filling the order, it can buy/sell the price at the market with no marked-up.

And the execution is right on real time.

Part VI - Money and Risk Management | Prudent Trader

Part VI - Money and Risk Management Prudent Trader