Saturday, September 29, 2012

Friday Price Action Review around Key Levels

Lots of trade setups during this session and looking at a new swing trade very soon.Will come back soon to explain, have a nice weekend.

Wednesday, September 19, 2012

Trade Plan for Today : New Swing trade

3:13pm est : Booked profits for another + 6.75 pts , Total on both positions : + 11.75 pts

3:10pm est Update : The ES is trading at 1459 on its way to target . . .while SriramaTanniru ( StockTwits ) sold at 1456 and LOST again  - 2.50 < Sold against the trend ? ! and he calls himself a " professional " ?

10:40am Update : Another Long Position added at Key Level 1452 < Long 1452.25

Now trading 1457.50 , booked profits + 5 pts

JaguarTrader ( StockTwits )

Yesterday was a NR 11 , very narrow day. The close was above the Opening Range but below the Pivot. B.O.J. Stimulus News pushed the market up to key Resistance .The ES is now trading above the previous Value Area. The Key Zone : 1452 to 1453.25 < Bullish Above , Bearish below.

As adviced to subscribers : " There is a strong probability that the ES will drop down as soon as it opens, due to the 30 year T-Bonds and the Dollar Index strong pre-market up trend." < exactly what happened

Expecting that key level above to be retested again today : Long from 1453.50

9:08am Update : Long positon in profit + 2 pts, scaled and booked, waiting for next target.

Trade Setup and Analysis :  Available Upon Request < Leave comment on this post if interested

Sunday, September 16, 2012

Steps To Better Emini Trading

  • What turned my trading around ?
  • Applicable to not only Emini Trading
  • Not a sales pitch for some " better " indicators
  • Will try to be specific, not just platitudes
  • Just my point of view - a trader with steady consistent income, not a guru
For someone that would like to start and have never done this before, my first suggestion :

                  Target a small daily profit ....Stop over trading ....Set a profit target of only 4 points
with one contract only and then continue every day for at least 20 days. One shot, one kill and stop trading for that day. Try to maintain the discipline and control the urge to keep trading for 20 days.

If there are two consecutive loss trades , then STOP and do not continue because the frame of mind will not be an edge or in the right mode.That's the strict discipline that must be maintain and honored.

The habit to control your instincts and emotions is the key for a beginner successful trader, if this can be achived early , then the path to consistency will follow.

Why 4 Points ?

In 15 years the range of the E-Mini S&P500 Futures has been an average of approximately 10 points.

4 Points = 30 % of Average Range in the past 15 years < an achievable objective with very little stress.

Go for singles NOT home runs. Use achievable profit targets, NOT trailing stops.
Don't care if the day's range was 25 points and you only took 4 points < you want to stay in the game
and work on the discipline and mind control !

Monday, September 10, 2012

Swing Position Wins - Update

Open Position  4:00pm est Update :    Short from 1437.50 now + 6.50 pts booked

Second Target Booked + 6.50 pts , Total : + 11.75 pts = $ 587.50 per contract

Waiting for Final Target .... Filled and booked + 9 pts < End of Trade :  + 20.75 pts Total


Here is Tip for you : If the ES doesn't retrace back down at least 50% by the end of Pit Lunch time around 1:30pm est , odds are that the ES will price a new extreme HOD after 3pm if not before.

12:14pm est Update : booked profits again + 3 pts for a total of + 5.25 pts. You missed a good one Ron ! , LOL

11:53am Update : Short @ 1437.50 , booked profits at 1435.25 for + 2.25 pts , now trading at 1434.75. Hey !, Ron from Long Beach, CA are you watching this ?. You should've sold it at VAH and get your money back after your loss trade ! LOL

11:30am est : SOLD Short  1437.50 , now trading at 1436 at 11:42am
Note : 1437.75 was VAH

Will SELL Limit Order : 1436.75 , now trading at 1436.25 - 11:22am est

10:57am est : SOLD  Short  1435.50 , now trading at 1434.75 , Stop : 1436.50 < hit for a loss : - 1 pt

10:00am Will SELL 1435.25 - at test of Key Institutional Level : 1435.50

Tuesday - Sept 11 - 7:00am : Will Sell 1432 , now trading at 1431.25 Globex High

8:50am est : Booked profits at 1429.50 for + 2.50 pts

7:28am est : SOLD 1432 < Took profits at 31 for + 1 pt


Open Position : Short @ 1436.50 initiated Sunday night Sept 09 - Globex Session

Trade Setup : See below - Fourth Target filled and booked at 1422.25 -  profits + 14.25 pts
 ( 1422 - S 1 and 38.2 % Fib ) Also  1422.50 is a CHVN

Total Profits scaled all targets hit: + 40.75 pts  Last Target : 1419 Key Level < Will reverse position to Long at that price during Globex ONLY. < NO Fill, Order Canceled

JaguarTrader ( StockTwits )  aka   TraderTopGun

New Swing Position

E-Mini S&P500 Futures ( ES ) :

Monday, Sept 10 - Update :

Short @ 1436.50 :  First target booked for + 4.75 pts  , Second Target filled and booked + 8.25 pts

Third Target : 1423 filled and booked for + 13.50 pts, Grand Total : + 26.50 pts


Sold Short @ 1436.50 with target at 1431.75 , Booked profits at 1433.50 + 3 pts

Trade Setup :

            60min  MACD Bearish Divergence and
            Proprietary Stochastic Reading of 97 on Sept 07
            RSI ( 2 ) Reading :  97

Will BUY duri ng Globex only( Limit Order )  at 1432 and 1431.50 with a stop at 1430.50 < NOT filled, canceled.

JaguarTrader ( StockTwits ), aka  TraderTopGun

Thursday, September 6, 2012

Swing Position Update - Home Run !

Long @ 1398 E-Mini S&P500 Futures : Sept

The 3rd Target: 1416.25  hit and booked for + 18.25

The 4th Target at 1419 :  was also hit and booked, took profits again + 21 pts

The Final Target at 1432 -  hit and booked profits + 34 pts

1430.25 was the R 4 and LVN  < The price action consolidation and accumulation for 4 Hours was a clue that it was going to breakout to new 52 Week High and short squeeze the late Shorts. 

Weekly Key Level: 1429 - May 20, 2008  and R4 at 1430.75

The Grand Total Profits for this Trade : + 99.25pts or $ 4,962.50 per contract

Done for this trade

I would like to thank all traders that took the WRONG position by Selling SHORT in StockTwits that made this possible :

" denichun " - Keeps building short, YEAH RIGHT ! ,  " Big_mike73 " , " bradha " - Bradley ,
" SriramaTanniru " - Amateur( novice ) < not aware of key levels, losses against the strong trend ! ( incompetent ), " upmkt5 " - Mark Michel < this guy has lost so many times and won't learn ! , " ChartMoMo "- Ryan Cormier < " I have lost 5 followers in 5 min by posting s&p 500 short trades " < Won't listen to the market trend ! "TexasTrader" < too many consecutive losses, won't improve,  UNBELIVABLE but true

The above should have had listened to this Trader : " soulfire " - " Bears should take note, the closer we move to elections, the less likely any major market plunge- more likely the opposite will occur"

Keep trading against the trend gentlemen ! LOL

JaguarTrader aka TraderTopGun

Monday, September 3, 2012

New Swing Position

Thursday - Sept 06 - Update:   

Open Position is now  GAIN : + 15 pts and Second Target reached and booked
Total profits now : + 26 Points = $ 1,300 per contract

Next Target : 1216.25

 At StockTwits < " JaguarTrader " < follow me there


Wednesday - Sept 05 - Swing Position Update :

Long ESU12 - Sept Futures E-Mini S$P500 @ 1398 since Aug 31

Open Position GAIN + 11 Point

Today's Price Action : N R 4 and Inside Day - Expected second target at 1412

Review : The ES Market opened and drop down to the 61.80% Fib at 1399.75 where it found support
as expected closing above the Key Institutional Level on the first 30 mins of trading.

On the second 30mins period the market tested the Key Level then it auctioned up to above the Globex High where it closed. Then on the second Hour it continued the uptrend up to the Key Resistance Level #1 at 1408.25 where a revesal took place down to below the Pivot where it closed.

 The Fourth 30min period the market droped and found support at the 50% Fib Level and reversed again closing above the Opening Range. After a Consolidation period of 2 Hours above the Opening Range until the 5th Hour where it droped again to the 61.80% Fib Level and closing above this level thus making a Double Bottom. So the Key price action clue was the holding of the 50% Fib Level.

End of Review - For Key levels follow me on Twitter or Leave an Message on this Post


Sunday, Sept 02

Back from a Summer long Scuba Diving and islands voyage through the Caribbean and Central America tropical Islands.

New Position in the E-Mini S&P500 Futures Sept ( ESU12 ) : Long 1398

11:30am - First Target hit and booked profits + 11 Pts = $550 per contract -
Open Position Long @ 1398

Next Target : 1412

These are comments from other Active Traders in StockTwits :
July 25
wtrans replied to your message
@JaguarTrader $ES_F, congratulations !
RonTyrer replied to your message July 15
$ES_F @JaguarTrader Awesome short at 1338. Want to share about 1335?
@JaguarTrader Nice trades all week
RonTyrer replied to your message
@JaguarTrader Perfect call of today's low. Great trade. I freely admit that I haven't been able to figure how you picked 1394.25 $ES_F
RonTyrer replied to your message
@JaguarTrader $ES_F Hey all you perma bulls and perma bears, this guy actually seems to know what he's talking about
wtrans replied to your message
@JaguarTrader $ES_F, U da Man, :)
Tomross58 replied to your message
@JaguarTrader Great job
Tomross58 mentioned you
@JaguarTrader you get a great ( price action ) read,,impressive !
Tomross58 mentioned you
@JaguarTrader OK,,,Where do I sign up for your class?,,I am trying to learn from you,,,thanks for sharing
OptionSniper replied to your message ( target hit )
dttmhouston mentioned you
@JaguarTrader $ES_F 1:17am -Will buy 1395.75 key level < Long 1395.75// nice, you're now in the $
Tomross58 mentioned you
@JaguarTrader Great trading Jaguar,,,is that who you would reccommend...
 Tomross58 mentioned you
@JaguarTrader great call
rsblades replied to your message
@JaguarTrader Well played trades both ways!
dttmhouston mentioned you
@JaguarTrader $ES_F + 4 booked, L@ 1407// you made killings here, good job
Tomross58 mentioned you
@JaguarTrader And thank you for sharing,,plz continue,,,when you make a call I always look to see why,,,thank you
RonTyrer replied to your message
@JaguarTrader Thanks for the insight today on $ES_F. Much appreciated.
LooseChange replied to your message
@JaguarTrader Hello New follower and was backtesting your calls. Impressive ! May I ask what time frame chart you are useing ? Thanks
Turkish replied to your message
@JaguarTrader you were correct. kudos to you sir. nothing bullish occurring---thus a neutral pattern
SriramaTanniru replied to your message
@MiniBot @JaguarTrader Right ;I don't have a crystal ball. But I'm happy Jaguar Trader has one & is able to foresee everything.  $ES_F ( This guy was getting jealous/envious of my ability to read and predict price action and thus made a negative comment because odviously he can't perform as well or he lacks what others have ) , Will forgive him.