Just Thought I'd Share This Image...

Good image to put on your wall!

Swiss Franc Futures Potential Short

Potential Short in the 6S, with downside bias, and good reward to risk area:

Short @ 1.0140

Stop @ 1.0170

Target @ 1.0010

Risk: 30 Pips

Reward: 160 Pips

R:R: About 5:1

Good trade IMO.

Longterm Trading Account F and SLV

Long 100 F @ 16.90

Long 20 SLV @ 25.29

These are longer term positions (weeks-months).

Potential CAD Futures Trade

Copper

May be something to watch next week...

Nice ES Trade!

In the last video I made, you can check it out here: http://www.youtube.com/watch?v=mr3VYRLD-Lk&feature=player_embedded, I went over a potential ES trade that was setting up. This trade did not trigger, but a similar one did. Here is the trade:

As I said in the original video, if the trade did not execute, I wouldn't chase it, I would reassess the market condition. I did, then found an area of good trade location and took the trade. I got 1 tick from the high on this trade! Profited $671 on this trade on 1 contract.

Video On Potential ES Trade

This video shows and goes over the method of auction market theory, and how it can be applied to trading the ES future. The trade shown is live, I have those orders in the market :).

Look At CSCO Get Slammed!

Trading Style

What is trading style, method etc.? It is a way of trading that you find successful... it wouldn't be a method if it is unsuccessful. My main trading method is trading Auction Market Theory, which is the art of finding value (shown by bar and market profile charts) in the markets, and looking for when the market trades outside of value to make a trade. Check out my youtube video I made on trading Auction Market Theory (AMT). The last few months, I've tried out some methods for stock swing trading, and I found success, however I noticed through trading AMT I had a bigger percentage gain on my account. Trading is all about expirementing on what is best for the trading account. AMT trading makes the most sense to me (revolves around reward to risk) and has been best for my trading account. Therefore I will now use this blog for AMT trading and experiments such as the one I just performed.

My Youtube Video: http://www.youtube.com/watch?v=AQNYjG5D2T4

ES Trade Example Using AMT:

Market Profile

This is a valuable tool that I have been testing out for the last few months. Learn about it here:http://www.earnforex.com/forex-e-books/forex-market/Market_Profile_Basics.pdf

Below is an example on how you could have used it on GOOG:

No Trades So Far

ES Perspective

With such power behind the last two day's moves, you would think that this market is over exaggerated. Look back however, to this move up into last April, before the flash crash. It was relentless to the upside with very few pullbacks in between. We could be entering this type of trading again with low volatility, and mostly a buy the pullbacks type strategy. Thursday was a beautiful short covering day, with me being one of them. I think everyone was short in these prices, so when we popped, we REALLY popped. The charts below show my thoughts in where I think the market will be going in the near future. Also, with QE2 still on the horizon, things could change in days so I would be on the lookout. My strategy now is to wait for confirmation before I get short, buy stock, and short vertical spreads, until this move exhausts.

Out of Everything

Out of every position for a $700+ loss for the last two weeks of trading. I obviously got the market direction incorrect today, and should have had MUCH more protection in Silver and in Equity. I will look back and check to see what I did wrong. The key to trading is to admit your wrong, and to fix your mistakes. Wow, new highs in the equity markets... I would have never thought of it after the flash crash, yet we are back up here. Will volatility return??

Positions

Long 500 S @ 4.01 (Protective Position*)

Long 25K USDJPY @ 81.04 (Base Yen Bearish Position, will add)

-----------

Short 200 INTC @ 20.50 (Base Position**)

Short 100 JPM @ 37.78 (Base Position**)

Short 50 CAT @ 79.60 (Will add above $80.50)

Short 100 IWM @ 70.45 (Will add above $72)

-----------

Short 4 ES NOV05 1175-1165 Bear Put Spreads (Will probably liquidate 2morrow; time decay)

-----------

Long 200 SLV @ 24.35 (Long Term Core Metal Position, also protective)

*As I am heavily short, this trade is a means of protection against a move higher.

**Base Pos. meaning I will probably not add to these... the ones I add to are for the smaller move down for a quick profit, whereas these positions are for a "base short" or in other words, a bigger move.

ES Bull Put Spread

Short 4 ES 1175 NOV05 Puts

Long 4 ES 1165 NOV05 Puts

For a gain of $70 in premium IF ES is above 1175 @ expiration.

Out of AMZN Options, Long S, Short JPM

Out of AMZN, turns out IT was the one that rallied hardest to come back in line with AAPL, NFLX etc. Lost $117 (Gotta keep the losses cut)

Long 500 S @ 4.01 (Protection Trade)

Short 100 JPM @ 37.79

-Weak stock, sector

-Resistance @ and above $38

-Will add higher

A Lot Of Things Are Setting Up For Shorts...

Countdown...

Countdown till 2:15 now... it WILL be interesting. Watch the bond market for tells... it doesn't lie.

Not A Very Exciting Overnight Session....

Today I am home from school, and so far from what I have seen in the futures market, it looks like we wont have a very exciting start. It will probably all boil down to 2:15 today when the FED releases their statements.

IWM, CAT Add, AMZN Put Option Trade

Added to both CAT and IWM today as there move upwards seemed extended. AMZN has been extremely weak lately, with some support at 162.50 area. If that breaks (which I think it will) I think we could see sub 160 prices. Because of this, I am long 1 160 Put as I believe we could see some volatility and movement down.

Current Positions:

Long 1 AMZN 160 NOV19 PUT @ 2.92

Short 50 CAT @ 79.64

Short 100 IWM @ 70.47

Short 200 INTC @ 20.51

BUY THE RUMOR SELL THE NEWS SCENARIO?!?

Interesting Chart To Watch

Below is a chart of the ADVANCING-DECLINING ISSUES of the NYSE (which is hidden), with 2 moving averages (showing) plotted on top of it. The two moving averages are the 3 Period MA (Red) and the 20 Period MA (Black). The two blue lines are the overbought and oversold conditions for the 3 Period MA, and the two green lines are the overbought and oversold conditions for the 20 Period MA. The 3 Period MA is used for timing turning points for the short term, where as the 20 Period MA is used for the long term. Currently we have a situation in which the 20 Period MA is in the upper part of its range, creating a negative divergence from the August high, and the 3 Period MA is contracting. This happened before the flash crash as well. This indicates that we should see volatility (Red line would then expand out of this contracting pattern), and a downside bias (as the Black line is in the overbought area). Another reason for a drop???

Short Some Stock In These Areas

It looks like the stock market could falter this week with all this news around the corner. I personally think in the coming pull back, we could see the YM at around 10850. It's time this market could move. Just look at that pure rejection off of the 2010 highs on the dow. As the Russell 2000 is usually the leader, I am short that. This range we have been making lately has been consisted of strong mornings (gap ups) and weak days. If we have a weak morning, we could have some real follow through.

Open Positions:

Short 200 INTC @ 20.51

Short 50 IWM @ 69.74

Short 25 CAT @ 79.10

Out Of ALL AAPL Trades

Out of all AAPL positions for a loss of about $25.