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5 minutes Nasdaq Emini CandleStick Chart Hi, How's it going? I hope you captured this trade. This is a god send! Even from a fundamentals perspective, market sentiments are good. Better than expected payroll numbers is definitely good for stocks in a time when we are worried about a soft landing... You can read more about the fundamentals below: Do note that, no matter how good the fundamentals, it will not affect my decision to enter or exit a trade. Fundamentals are good only for gauging the overall market sentiments... it is not a parameter for trading.... For today's trade, you can see that I circled a hammer candlestick in the context of a double bottom, this is good enough a signal for entry. This is a strong reversal signal.... Stochastics and MACD also further confirmed by having sharp upturns... I longed 1 contract at 1775 at 10:25 and another 2 contracts at 10:50 at 1779 when the MId-term MACD crossed its moving average further confirming the uptrend.. My profit target? Naturally it is at 1800.. this is a psychological resistance line and a strong one at that. .. At 11:30, my profit target was hit and I am out with $940 profits... You can see how price went down immediately after hitting 1800... Lesson ? --> Don't be too greedy. Fundamental news from Briefing.com: November payrolls increased 132,000. This was higher than the expected 100,000 gain. There was also a net upward revision of 42,000 to the two prior months. This leaves that level of payrolls 74,000 above what had been expected. The average monthly gain over the past three months is 138,000. That doesn't qualify as a boom, but it isn't exactly a recession either. Payrolls are growing at a steady 1% to 1 1/4% annual rate. That will keep consumer spending rising at a decent clip, especially as there is also moderate wage growth. Hourly earnings for November were up 0.2%. This is less than the expected 0.3% and follows a 0.4% October increase. The year-over-year increase is now 4.1%. This is not too hot to cause significant inflationary pressures, and not so cold as to restrain consumer spending.
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Emini Futures S&P 500 and Nasdaq 100 : Basic Trading Info
summary This article explains what index futures are, it goes on to further explain the basics of Emini Futures S&P 500 and Nasdaq 100, stock symbols, tick size and their equivalent value in dollars. What are Index Futures? Future contracts originate from commodity trading. A future contract is an obligation to buy/sell a certain quantity of commodity at a specific date for a specific price determined at the outset of the contract. Future contracts are frequently used for hedging risks...
[Posted: 2010-01-14 21:50:06]
Day Trading Emini Futures --Types of Orders
Types of Orders Placing orders is an art in itself. Beginners often do not know when to use market orders and limit orders. Different orders are used in different market conditions. But the limit order is the one that is most versatile. Understanding a limit order is essential to your trading success. I will only discuss the case for buying, the reasoning and mechanism is the same for shorting. Market Order In a market order, you are basically giving instructions to your broker to buy at t...
[Posted: 2010-01-14 21:50:06]
FOMC minutes -- $2380 profit!
How's your first trading day? Not bad for me. I just made $2380 trading the NQ ( Emini Nasdaq 100 futures). It was virtually a riskless trade. I timed my trade just after the release for the December FOMC minutes at 1400. Why did the market go up? You don't need to know exactly why the market go up. Usually market reaction to FOMC minutes is limited. But today, th...
[Posted: 2010-01-14 21:50:06]
Emini Futures Day Trading : Fundamentals and Paper Trading
Emini Futures Day Trading : Fundamentals and Paper Trading Fundamental Analysis Fundamental analysis is a methodology for analysis of a company as a viable stock that you want to hold for long term. Fundamental analysis is more widespread in the world of investing since you are going to hold your companies for 10 to 20 years, you do not wish that your companies go bankrupt the next day. Some of the common ratios used are P/E ratios (price earnings ratios) which measures the relative price of...
[Posted: 2010-01-14 21:50:06]
Gap Closure in a tepid market --> $760 profits
5 Minutes Candlesticks NASDAQ 100 Market gapped up today on better than expected retail sales numbers... As we know, yesterday FOMC announced that they are going to leave the rate unchanged and that inflation is still up... Market reaction was muted at best.. From this we can deduce that market participants have mixed reactions about the economy ahead, bulls are not ...
[Posted: 2010-01-14 21:50:06]
MACD crossed zero line, bounce from Moving Average --> $690
5 min Nasdaq 100 Emini Hi, The market has been plunging from the morning session and its reasonable to expect either a retracement or a continuation of the downtrend in the afternoon session. After a slight pullback, at 13:55, price started to bounce off the moving averages with the short-term MACD crossing the zero line.... I shorted 1 contract ...
[Posted: 2010-01-14 21:50:06]
Hammer Candlestick, Double Bottom, MACD up, Stochastics up, Employement report --> $940 profits
5 minutes Nasdaq Emini CandleStick Chart Hi, How's it going? I hope you captured this trade. This is a god send! Even from a fundamentals perspective, market sentiments are good. Better than expected payroll numbers is definitely good for stocks in a time when we are worried about a soft landing... You can read more about the fundamentals below: Do note that, no matt...
[Posted: 2010-01-14 21:50:06]
Core CPI unchanged , Inflationary Pressures Moderating --> Gap Up --> $640 profits
5 minutes Nasdaq 100 Emini Futures Hi, How's it going? Today price gapped up by almost 15 points due to better than expected CPI data. While what do we mean by better than expected? A bunch of economists expected the november CPI to increase by 0.2% but actual data turns out that the Novement CPI is unchanged. If you remembered economics 101, CPI is a measure of ...
[Posted: 2010-01-14 21:50:06]
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