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Making a Living with the Micros


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Making a Living with the Micros

  #201 (permalink)
Phil in Texas
Dallas, TX USA
 
Posts: 9 since Aug 2012
Thanks Given: 59
Thanks Received: 6

holding for 36.75 from 16.75 this a.m. cst

a very long consolidation grind today but the 36.75 level is confluent with several things including ADR(10) bull 75% level

R1 RTH = 37ish

a 3R PT was hit from 5mbo range a bit ago and 3R from the 30mbo was hit mid-morning.

my trail stop is at the 3R 30mbo PT which is the worst i can do at this point.

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  #202 (permalink)
Phil in Texas
Dallas, TX USA
 
Posts: 9 since Aug 2012
Thanks Given: 59
Thanks Received: 6

the daily fib levels i mentioned previously still in play from daily/60m and what was the target yesterday became support (61.8 @ 208ish) the the 76.4/23.6 became new target to upside and then support now.

pretty soon i'll likely have to re-draw channels on daily & 60m

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  #203 (permalink)
Phil in Texas
Dallas, TX USA
 
Posts: 9 since Aug 2012
Thanks Given: 59
Thanks Received: 6


36.75 just now hit and filled for a 4.7R day

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  #204 (permalink)
Phil in Texas
Dallas, TX USA
 
Posts: 9 since Aug 2012
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fantastic short today Steve-O from 4340. 23% retrace on daily is just below 4300 @ 4295.50ish

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  #205 (permalink)
Phil in Texas
Dallas, TX USA
 
Posts: 9 since Aug 2012
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the ADR(10) 100% short level was just hit @ 4314.25

highest VIX % in a long time at around +14%

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  #206 (permalink)
 
sstheo's Avatar
 sstheo 
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Broker: AMP/CQG
Trading: MES, MYM, MNQ, M2K
Posts: 285 since Oct 2012
Thanks Given: 198
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Phil and others, thanks for your comments.

I am back. I took a break as I was getting a new business started.

My AMP account is around $14k now. I have really not been trading consistently as I have been trying to get the lending off the ground. My other challenge is that I am still a predominantly short-sided trader, and the market is -- once again -- at all time highs (4433.25 today). While I have gotten MUCH better at taking long trades, it is still hard for me near the highs.

I have really enjoyed the brand new Micro CL (MCL), and have made money on most trades. It seems to respect the support and resistance levels even better than the indices, and the whole and half dollar levels are almost magic:


(VWAP bands and OBV on a 3-tick rencko chart)


I will be writing regularly again, as I have honestly missed it.

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  #207 (permalink)
 
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 bobwest 
Western Florida
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Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
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