Saturday, August 30, 2014

Trade Room Recap August 25-29, 2014


Summary
Trade Room Summary
  • This week we took 3 trades in the trade room, making us over $3,000 on the week. The markets have been fairly slow over the past few weeks, but we were still able to make a very nice profit. The trades we took this week can be seen below:




Trade #1
Trade #1
  • Our first trade came on crude oil this week, selling the highs of the price wedge back down to its market profile areas. This trade made a modest profit of $850, trading with 4 contracts. 



Trade #2
Trade #2
  • Our second trade came on the Russell this week, selling a market profile rejection. Unfortunately price moved down to our first target and came all the way back down to stop us out at break-even. It was a good looking trade, but we weren't able to get the push lower that we were looking for.



Trade #3
Trade #3
  • Our third and final trade this week came on the Russell and it was a huge winner for a total of $2,200. This trade was basically a re-entry from our second trade selling the market profile levels back down to new lows. 







Thursday, August 21, 2014

Morning Prep August 21, 2014

Markets Today

  • Index futures are trading sideways this morning, indicating a mixed start to today's trading session.
Quote of The Day

"Subtlety may deceive you; integrity never will."

News Today
  • Initial Claims
  • Continuing Claims
  • Existing Home Sales
  • Philadelphia Fed Survey
  • Leading Indicators
  • Natural Gas Inventories
E-Mini Russell
E-Mini Russell 60 Minute
  • This morning I am watching the Russell trade in a tight range right in between supply and demand. Price is also trading right in the middle of its price wedge. I am going to be waiting for a breakout one way or the other and look to take price to the wedge highs or wedge lows.






Crude Oil
Crude Oil 60 Minute
  • This morning I am watching oil trade higher right off of its lows into supply. I am going to wait and see how price reacts here. I am looking for a short out of this supply zone back down to new lows.





Wednesday, August 20, 2014

Morning Prep August 20 , 2014

Markets Today

  • Index futures are trading lower this morning, indicating a weaker start to today's trading session.
Quote of The Day

"How beautiful it is to excel, and the goodness of giving from your heart."

News Today
  • MBA Mortgage Index
  • Crude Inventories
  • FOMC Minutes
E-Mini Russell

E-Mini Russell 
  • This morning I am watching the Russell trade off of the highs of its price wedge. I am looking for price to continue lower back down to demand and overall the wedge lows.







Crude Oil

Crude Oil 60 Minute
  • I am watching oil trade around the wedge lows right now. I am looking for a stronger push higher today. I will be looking to buy bull backs back up to higher highs on oil today.





Tuesday, August 19, 2014

Morning Prep August 19, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading session.
  • Geopolitical tensions continue.
Quote of The Day

"Work isn't to make money; you work to justify life."

News Today
  • CPI
  • Core CPI
  • Housing Starts
  • Building Permits
E-Mini Russell
E-Mini Russell 60 Minute
  • I am watching the Russell trade around the highs of its price wedge, right around supply. Price has made a huge upside move over the past several days so I am looking to short price back down to demand and overall the wedge lows.






Crude Oil

Crude Oil 60 Minute
  • I am watching crude oil trade lower off of its wedge highs this morning. I am going to see how price reacts in demand and look to sell retracements back down to the wedge lows. 



Monday, August 18, 2014

Trading Wave Patterns on E-Mini Russell Futures

E-Mini Russell Auto-Trader Update

Quartz
/TF - 1 Contract - Quartz
  • Over the past few weeks Quartz has taken 13 trades, making over $1,600 per contract. Only 5 of the 13 trades were profitable, but with a risk/reward ratio of 1:3, the auto-trader was able to be profitable even with a 38% win rate. 

 

Morning Prep August 18, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading session.
  • Tensions in Russia and Ukraine continue.
  • Tensions is Gaza and Israel continue.
Quote of The Day

"A hero is one who knows how to hang on one minute longer."

News Today
  • NAHB Housing Market Index
E-Mini Russell
E-Mini Russell 60 Minute
  • This morning I am watching the Russell trade around the highs of its price wedge, right below a supply zone. I am looking for price to move back to the lows of the wedge, testing its major moving average, trend line and overall demand around 1129.1.






Crude Oil
Crude Oil 60 Minute
  • This morning I am watching oil trade lower out of supply. I am looking for price to move back down to the demand around 95.57 and then overall the wedge lows. I am overall bearish on oil at this time.



Thursday, August 14, 2014

Morning Prep August 14, 2014

Markets Today

  • Index futures are trading mixed this morning, indicating a sideways start to today's trading session.
  • Tensions in Russia and Ukraine continue.
  • Tensions in Gaza and Israel continue.
Quote of The Day

"I learned the value of hard work by working hard."

News Today
  • Initial Claims
  • Continuing Claims
  • Export Prices ex-ag.
  • Import Prices ex-oil.
  • Natural Gas Inventories
E-Mini Russell
E-Mini Russell 6 Range
  • This morning the Russell is trading in a tight price wedge. I am not looking to buy the lows and sell the highs of the range at this point. I want to wait for a breakout to the up or downside. 







Crude Oil
Crude Oil 6 Range
  • Oil is trading right at support this morning, I am looking for buying opportunities back up to the highs of the range. Price has been very choppy the past few weeks and I expect more of the same today.


Wednesday, August 13, 2014

Morning Prep August 13, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading session.
  • Tensions in Russia and Ukraine continue.
  • Tensions in Israel and Gaza continue.
Quote of The Day

"Faith in oneself is the best and safest course."

News Today
  • Retail Sales
  • Retail Sales ex-auto
  • Business Inventories
  • Crude Inventories
E-Mini Russell
Russell 6 Range
  • This morning I am watching the Russell trade out of a sell zone. I am looking to short price back down to the lows. I would like to see price move below all of or key moving averages and market profile areas before looking to get in short.





Crude Oil

Crude Oil 6 Range
  • I am watching crude oil continue to trade in a sideways price wedge. I am looking to buy the lows and sell the highs of the range until I see price breakout one way or the other.