Stocks          
   Options
   Futures
 
   
     
Home | Disclaimer | Results | Rules | Subscribe | Contact | Newsletter | Trading Room Login | FREE Stuff     
 

Previous Intraday Trading Session: [ 5/1/2013 ]

Back to Session List
 
TIMEALERTS 
15:17Darn, Trade #3 would have worked.

 
14:36Trade #3 -- Cancel. We are too late.

 
14:33Trade #3 -- Sell 1584.50 -- Stop 1586.50
Wait for 1584.50

 
14:29I think there is another move down to 1580

 
14:01Trade #1 -- Sluggers out at 1582 [+9]

 
13:45Sluggers -- Lower limit to 1578

 
13:44Sluggers -- LowerStop to 1582

 
13:40Sluggers -- Lower the Limit to 1579 and Stop to 1584

 
13:29See chart. I was going to say we should see a move up to the bottom blue line before going lower, but the market beat me to it.

 
13:14IWM wants to make another leg down to the 90.50 level from it current 92.11 price.

 
13:12Bull flag on 15-minute chart failed.

 
13:10Sluggers -- current limit is 1580. Looks like 1578 is possible. We may lower the limit, but keep it at 1580 until instructed to lower.

 
13:06Sluggers have a 6 point profit locked-in.

 
13:05Sluggers -- Trade #1 -- lower your stop to 1585

 
13:04DJI breaking below bottom line of upward trend going back to the 25th.

 
12:58Sluggers -- Trade #1 -- at 1584 lower your stop 1587

 
12:56Trade #2 -- Everyone out at 1585 [+2]

 
12:40Trade #2 -- lower stop to 1587.25

 
12:30Expect a breakout in the next 15 minutes. Hopefully down.

 
12:26Bulls and Bears are duking it out. Bears are repelling the Bulls who are soon going to run out of juice. The only positive indicators are the kind-of-sort-of bull flag on the 15-minut chart, and support at 1586.25.

 
12:1715-minute chart appears to be in a bullish flag formation.

 
12:12Just to be clear. Everyone takes profits at 1585 for Trade #2. Sluggers, you are still in Trade #1. Questions? Post in the chat room.

 
11:57Trade #2 -- Sell 1587 -- Stop 1588 -- Limit 1585

 
11:44Move down to the 1583-1582 level is looking likely.

 
11:43See chart. 10 and 15 minute charts look like the rally ran out of steam.

 
11:40Let's see if it drops below 1586. That would give me confidence of a move lower. Tricky area we are in now.

 
11:38Now I am concerned. The eS is moving sideways. So another leg up is possible. May cash in here.

 
11:28Chart update

 
11:27The raise has been a 38.2% retracement, and this level has been show strength as resistance.

 
11:19See chart. Support was found in the area of the two blue lines.

 
11:1510-minute chart formed a reversal canlde formation known as a 3-inside bullish candle. That is usually good for 5 points, a level we have reached.

 
10:57I would raise that stop to 1588.50

 
10:28Sluggers should take profits at 1580.

 
10:28About a 9 point profit here. Lower stop to 1588.

 
10:26About a 9 point profit here. Lower stop to 1588.

 
10:11Bears won that one.

 
09:57We have some long tailed candles. This usually points to a reversal, but we have so many of the them that I think the bulls stepped in and are being beaten back by the bears. We'll see shortly who wins.

 
09:45Sluggers -- I expect the market to drop throughout the day, so I am holding the stop at 1590 with a target of 1580.

 
09:32Sluggers -- lower stop to 1590

 
09:31Trade #1 -- Scalpers out at 1588.75 [+2]

 
08:52In at 1590.75

 
08:51Trade #1 -- Sell 1591 -- Stop 1594

 
08:37Moving lower as of 8:00 after candle reversal. Should have been up a little earlier. I would short if it bounces back up to 1593.

 
 
 
 Copyright © 2002 - 2015, Handler & Associates, Inc.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.