Posts Tagged ‘er’

Futures Calls Recap for 4/19/13

Saturday, April 20th, 2013

A winner to start and then a double stop out on the ER (which worked after that). See both sections below.

Net ticks: -13.5 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Triggered short at A at 1538.00, hit first target for six ticks, but couldn’t even reach down to fill the gap and stopped second half over the entry:

ER:

Triggered long at A at 903.30 and stopped for 8 ticks. Put it back in and it triggered ten minutes later again and stopped. Worked after that:

Futures Calls Recap for 4/17/13

Wednesday, April 17th, 2013

A winner on the ER and a loser on the ES created a wash. See both below. Market volume picked up, but the afternoon action was dead flat, and that’s when the ES triggered.

Net ticks: +0 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Afternoon breakout triggered long at A at 1549.50 and stopped for 7 ticks:

ER:

Triggered short under LPT at 909.40 at A, hit first target for 8 ticks and stopped second half 6 ticks in the money. After a bounce, the trade really worked, giving the move that I had originally hoped for:

Futures Calls Recap for 4/3/13

Wednesday, April 3rd, 2013

Finally a setup and trigger, worked to first target and the second half stopped over the entry before a big move. See ER section below. There was also a nice setup on the NQ over lunch for the gap fill.

Net ticks: +3.5 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

NQ:

Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.

Note the nice inverted cup and handle that lined up against the LPT over lunch and then triggered and ran to the gap fill from yesterday:

ER:

Triggered short at A at 929.50, hit first target for 8 ticks, and stopped the second half over the entry:

Futures Calls Recap for 3/22/13

Friday, March 22nd, 2013

Another flat session as expected. NASDAQ volume was 1.6 billion shares. We had a winner in the ER, see below.

Net ticks: +3.5 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ER:

Triggered short at A at 943.00, hit first target for 8 ticks, stopped second half over the entry. Didn’t even fill the gap but used the Pivot as the low:

Futures Calls Recap for 2/6/13

Wednesday, February 6th, 2013

One trade that just missed the first target by a tick and then stopped (before working), and one trade that worked, leads to almost a wash for the session. See ES and ER sections below.

Net ticks: -2 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Triggered long at A at 1505.50, hit first target for 6 ticks, and closed out the final piece at B at 1507.50 near the Value Area High over lunch:

ER:

Triggered long at A at 902.40 and stopped for 9 ticks after just missing the first target by a tick:

Futures Calls Recap for 1/17/13

Thursday, January 17th, 2013

A winner on the ER and a loser on the ES that washed exactly. See both sections below. Market volume was 1.6 billion NASDAQ shares again, and we ended up with a drift higher even though the initial direction for the options unraveling move looked lower. We also left a gap behind.

Net ticks: +0 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Triggered short at A at 1470.75 and stopped for 7 ticks:

ER:

Triggered long at A at 884.30, hit first target for 7 ticks and stopped at the same in the money:

Futures Calls Recap for 1/9/13

Wednesday, January 9th, 2013

Two triggers, two winners for the session. See ES and ER sections below.

Net ticks: +11.5 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Mark’s long triggered at 1457.25 at A, hit first target for 6 ticks, second half stopped under the entry:

ER:

My long triggered at 875.90 over R1 at A, hit first target for 8 ticks, adjusted the stop twice and stopped at 876.90 for 10 ticks:

Futures Calls Recap for 11/29/12

Thursday, November 29th, 2012

Well, an unfortunate day after a good one as three trades stopped in narrow choppy range early. Looks like the new rule of the day is going to be that the market will spike either way as various members of Congress and the White House come out and say whether or not progress has been made on the Fiscal Cliff. Should be fun. See ES and ER sections below.

Net ticks: -23 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Mark’s long triggered at 1416.75 at A and he called off any retriggers:

ER:

Triggered short at 818.90 at A on one note out of Congress and stopped, then triggered again 5 minutes later and stopped. I called off additional triggers:

Futures Calls Recap for 11/9/12

Sunday, November 11th, 2012

A little disappointing considering the volume was up at 1.7 billion NASDAQ shares. We won 1 and lost 3. See ES, NQ, and ER below.

Net ticks: -15 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

My call triggered long at A at 1375.25 and stopped immediately on news, then triggered again shortly after, hit first target for six ticks, and finally stopped the second half in the money by 8 ticks. Mark’s separate ES long entry into the Value Area triggered at B at 1377.75 and stopped for 7 ticks. Re-entry would have worked:

NQ:

Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.

NQ short under the LBreak never triggered (hit it exactly):

ER:

Triggered long at A at 795.50 and stopped for 8 ticks (we use more on the ER because it is wild):

Futures Calls Recap for 10/9/12

Tuesday, October 9th, 2012

A nice winner on the ES and a stop out on the ER despite light volume in the market. These were both in the morning, as the afternoon was a joke. See both sections below.

Net ticks: +4.5 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Mark’s short triggered at A at 1446.75, hit first target for 6 ticks, and after several adjustments, stopped the final at 1441 at B:

ER:

Mark’s short triggered at 833.50 at A and stopped for 8 ticks. He did not re-enter, although that worked:

Futures Calls Recap for 10/5/12

Friday, October 5th, 2012

A big day on Friday with three winners and a dead even trade on three different contracts. See ES, YM, and ER below.

Net ticks: +27 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Mark’s long triggered at A at 1464.75. It took a long time to do much, and he moved the stop up to even, which is where it closed. Later, his short triggered at B at 1460.75 over the lunchtime doldrums, and was closed for three ticks:

ER:

My long triggered at 848.30 at A, hit first target for 8 ticks, and I revised the stop three times and stopped the final piece at 851.40, 31 ticks in the money:

YM:

Mark’s long triggered at A at 13580, hit first target for 10 ticks, and stopped the second half under the entry:

Futures Calls Recap for 9/7/12

Friday, September 7th, 2012

Not nearly as interesting as Thursday. The market gapped up a little and went literally dead flat all session. Our ER trade stopped twice before we just ended it for the week, see that section below.

Net ticks: -16 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ER:

Mark’s trade triggered long at A at 842.10 and stopped for 8 ticks (we go a little wider on the ER because it jumps a bit). It triggered again a few minutes later and stopped again. Mark cancelled the trade going forward. It did trigger again and make it just to first target, but no further:

Futures Calls Recap for 8/15/12

Wednesday, August 15th, 2012

Two winners for the session (see ES and ER sections below), although they only went to their first targets in light volume early. NASDAQ volume ended at only 1.3 billion shares again, and we didn’t see options unraveling.

Net ticks: +6 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Triggered long at 1402.50 at A, hit first target for six ticks, stopped second half under the entry:

ER:

Triggered long at 797.40 at A, hit first target for 8 ticks, stopped second half under entry:

Futures Calls Recap for 8/7/12

Tuesday, August 7th, 2012

A winner on the ER and a stop out on the NQ for the session, but volume and range were much improved, even if we got glued to the VWAP in the afternoon. See both sections below.

Net ticks: -3.5 ticks.

As usual, let’s start by looking at the ES and NQ with our market directional lines, Comber, and VWAP:

NQ:

Remember that we use half points as ticks on the NQ.

Mark’s call triggered long at A at 2710.75 and stopped for 7 ticks. It ended up working later, but over lunch and not official:

ER:

Triggered long at A at 799.60, hit first target at 800.40 for 8 ticks, stopped the second half under the entry at 799.50:

Futures Calls Recap for 7/12/12

Thursday, July 12th, 2012

Started out good with a nice ER winner early, but then two ES stop outs erased that as market volume went lighter again (not as bad as Monday though). NASDAQ volume was 1.6 billion shares.

Net ticks: -4.5 ticks.

As usual, we will start with the ES and NQ with our market directional lines, Seeker, and VWAP:

ES:

Mark’s short triggered at 1321.00 at A and stopped for 7 ticks. Long idea breaking into the Value Area and back above the Pivot for the gap fill triggered at B and stopped (great setup, no market action) for 7 ticks:

ER:

Triggered short under LPT at 780.20 at A, hit first target at B for 8 ticks, and lowered stop twice and stopped the final piece for 11 ticks:

Futures Calls Recap for 7/10/12

Tuesday, July 10th, 2012

A nice day. We had a good setup early on the ES against the UPT which triggered and stopped, but then shorts in the NQ and ER set up nicely and worked well. See those sections below.

Net ticks: +29 ticks.

As usual, let’s start by taking a look at the ES and NQ with our Seeker, VWAP, and market directional lines:

ES:

Triggered long over UPT after setting that level exactly as the high of the first 5-minute bar…a great setup, but triggered at A and stopped for 7 ticks:

NQ:

Remember that on the NQ, we use half points as ticks, not quarter points as the market does. Mark had a short entry under the opening bar low at 2617.00, which triggered at A, hit first target for six ticks at 2614.00, and then he adjusted the stop a few times and stopped the final piece at 2606.50 for a net 13.5 (6 ticks for first half, 21 for second half, averages to 13.5):

ER:

Finally, the ER (Russell 2000) gapped over the UPT and used it as the low of the first bar. When the market rolled, I added a short under that level at 806.50 at A, hit 7 ticks in this case for a first target, and lowered the stop a few times before the final exit at B at 802.70 for an average of 22.5 ticks:

Futures Calls Recap for 6/20/12

Wednesday, June 20th, 2012

As expected, not a very interesting day in the market with the Fed announcement. An early NQ trade went nowhere as volume was weak. After the Fed, an ES short stopped once, then worked. An ER call late stopped.

See those sections below. Very choppy action.

Net ticks: -16.5 ticks.

Here’s the ES and NQ with our market directional lines, VWAP, and Seeker:

ES:

Triggered short after the Fed at 1345.50 at A and stopped, went back in and hit first target at 1344.00, stopped final half at 1344.25 in the money:

NQ:

Triggered short early on a nice setup under the Pivot at A and stopped (the retrigger of this would have worked, but we canceled ahead of the Fed):

ER:

Triggered short at A at 777.00 and stopped:

Futures Calls Recap for 6/12/12

Tuesday, June 12th, 2012

Several trades triggered (6 in total between ES, NQ, and ER). Two stop outs as volume continued to be light, but we netted out gains for the day. See those sections below.

Net ticks: +5.5 ticks.

First, let’s start by looking at the ES and NQ with our market direction lines, Seeker, and VWAP:

ES:

ES triggered short at A at 1303.00 and stopped. Re-entry occurred at B and hit first target for 6 ticks, then stop was moved over the entry and the second half stopped. Later, Mark’s long triggered at C at 1310.25, hit first target for 6 ticks, and Mark raised stop to 1311.00 and stopped in the money on the second half:

There was another call in the Messenger to go long over the UPT at 1315.00 but I cancelled it entering the last 30 minutes for lack of time. It ended up triggering and working anyway.

NQ:

Mark’s NQ trade triggered above the Pivot at A at 2531.00 and stopped on the same bar (a sweep), which gives us an immediate re-trigger, that went two bars later at B, hit first target for 6 ticks, second half stopped under the entry:

ER:

One short trade here that triggered at A at 748.20, hit first target for 8 ticks at B, and we lowered the stop and stopped for 12 ticks on the second half at 747.00:

QM:

Look how the high and low of the session were the Value Area boundaries exactly:

Futures Calls Recap for 6/5/12

Tuesday, June 5th, 2012

A great day in our futures trading, although an afternoon trade stood little chance with no market volume. See the ES and ER sections below for reviews. We won 3 out of 5, but two of the winners worked like we like to see them.

Net ticks: +25.5 ticks.

First, let’s take a look at the ES and NQ with our market directional tool, Seeker, and VWAP:

ES:

Mark’s ES triggered long at A (1277.50), finally hit the first target at B for six ticks, and after two stop adjustments, stopped at C (1281.00). He had an afternoon call that triggered at 1275.00 at D and stopped for 7 ticks, and then triggered again at E and hit the first target at F, then stopped under the entry on the second half:

ER:

This one was a long entry at A over 737.70 that stopped quickly (ER is a jumpy contract), then triggered again in the next 5 minute bar and went, hitting the first target at B and raising the stop before finally stopping the final half at C at 742.40 for 47 ticks:

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