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“M4” for the week ending Friday, 10/26/12

26 Oct Posted by in Mentor Mike's Market Movie | Comments Off on “M4” for the week ending Friday, 10/26/12
“M4” for the week ending Friday, 10/26/12
 

 

In Mentor Mike’s Market Movies I re-trade about 8 hours of market movement in the S&P Emini in 20 to 30 minutes. When I see a trade setup, I pause the accelerated data feed, identify the entry signals and place the trade on Ninja Trader’s demo platform. Then, I restart the data feed and see how the trade plays out, win or lose.

In this weekly version of M4, I start with a quick review of the charts for each day of the week. Then, I follow up with an in-depth replay of the one day I feel has the most talking points.  I use a 3-target, 9-contract, peeling-off strategy.

Got questions, comments, suggestions or critiques? Send me an email to mentormike@sbcglobal.net.

Video link for most recent Webinar – Wed, 10/24/12, 1:30pm PDT

POSITION TRADING VS. DAY TRADING: Pros & Cons and, SPY  VS. ES: Pros & Cons

Watch it here:  http://ptausa.wistia.com/medias/x9j6jwzhxk

Market Movie video play button

Mentor Mike's Market Movie

This Week’s Charts

The trades shown were taken during my regular, real-time trading. Please click on a chart below to make it larger.

Monday

Chart #1

 

Tuesday

Chart #1

 

Wednesday

Chart #1

 

Thursday

Chart #1

 

Friday

Chart #1

 

Daily Turning Points for the Week

Chart #1