Here we go with my play for the day. Shorting micro mini dow futures on breaking down on bearish imbalance.

B/S    Qnty    Price    Contract Timestamp     
Sell   1    38630    MYMM4    04/24/2024 17:45:43     
Buy    1    38550    MYMM4    04/24/2024 18:24:07

Shorted Micro Dow emini futures $MYM on breaking lower in bearish imbalance. Closed as showed fading.

B/S Qnty PRICE CNTR TIME

Sell 1 38039 MYMM4 04/16/2024 17:31:35  

Buy 1 38009 MYMM4 04/16/2024 17:37:29

This is as for now starting the trading week. Shorting on bearish imbalance. Took profit already and watching in the sidelines for another entry.

Shorted MYM Jun contract at 38530 and took profit at 38496.

Afterwards the price continued plunging and as many times proved me taking profit too early. 

I have to work on that as this is my main mistake.

Profit is a profit but need bigger winners.  

Update at market cash close: Here I go at the close of the market. It's been trending all way down today, dragging the price much lower from my initial exit. If speaking with surfers' metaphor, that's the wave I've been waiting for. You may find me speaking about entering a position and leaving it trail.. for some reason I am closing too soon. 

Here below is the chart showing my earlier entry shorting the Dow at the first half an hour of trading and closing too soon while price continuing going lower and lower.   

Today, I've entered short first on intraday technicals -- prece below moving avarage and point of control and in imbalance territory in 2 minute as well in bigger time frames as 15 and 30 minute charts. Also some economic news being released as unchanged as business inventories and housing market index. 

Below you can clearly see entry and exit and price going lower and lower during the day. I am still in profit but do have to learn keep winners run.

The Dow is quite volatile today at open driven by economic news as Inflation rate higher than forecasted for March. Along with Rate Cuts expectations fading. 

Inflation Rate MoM (Mar)

ACTUAL 0.4%

FORECAST 0.3%

Shorted on the way down but got stopped out as stop was way to tight for the violent trading day today. 

Went on trading with typical revenge trades trying to catch up with initial loss and ending up with doubling the loss for today.

Whole month of March and beginning of April I had around 14 consecutive winning trades and no losers. So this, I guess, made me too confident and trading in a hurry without meeting strategy rules. 

I might be away from the desk for today, will see. Later will post these two losing trades on my trades section.  

Now MYM (Micro Dow minis) is ranging at around the point of control and is hectic choosing any direction. Might return to desk later during PM session but not willing to enter for a new trade. Will leave it for tomorrow.  

This is a fast trade as of cash market open. $MYM_F - market going lower from here, will see if closed too soon.

Sell 1 39238 MYMM4 04/09/2024 16:43:48  

Buy 1 39191 MYMM4 04/09/2024 16:48:16

Update at about 17:55 (9:55 AM CDT Chicago time) --> The trade's been a huge runner and as always I'm out too soon. I'm still apt to take profit instead of leave the runners go. This is a phycological game which is to be learnt. 

Update at market close: 

Indeed I could have held longer for bigger gains till the low of the day.

I left holding until the close for the day, would end up at even. 

Below is the bigger picture of the whole trading day with my entry at first hour after the cash open.

Just entered short on Dow going lower at open, wanted to trail it for bigger profit but the trail got stopped but in profit:

Sell 1 39436 MYMM4 04/02/2024 16:46:10  

Buy 1 39400 MYMM4 04/02/2024 16:53:54

I'm still looking for a trailing trade which to get running from entry till bigger profit; waiting for this wave. 

Day Saving Time started in my part of the world yesterday. So I get back to normal trading US futures from 4:30 PM.

08:30 Monday, in Chicago, IL, USA is

16:30 Monday, in Varna

It's been my first consecutive month since trading micro dow mini futures. As stated in the beginning I am having a small account which trying to grow.  During the month of March had 12 trades, all winners, which, strangely to say, is not good. I have good entries on the breakouts but still do not let the runners run. Looking forward to next trading month. 

As last trading day before long weekend, Dow's been quite choppy. It traded around point of control without any significant breakouts either way, quite balance without any entry possible. So I guess no entry for me today. Looking forward to Monday and new month. Will be posting month statements later today or tomorrow.

So my Hedge Project had a little overhaul in terms of website design. Now it is in monochrome green mimicking old 80s computer monitors.  

As for trading since beginning this year I have started running a small or even better to say a micro account trying to grow. I trade Micro Dow Mini Futures and post every day my trades. It is all educational and has no intend for trading advice. 

First trade today. Entered at breakout of high of the day, above point of control and in bullish imbalance territory. Entry:

Buy 1 39785 MYMM4

Closed after first signs of exhaustion for 20 points.

Sell 1 39805 MYMM4

Probably too soon, will see.

Update at 10 pm +3 gmt just after the close of market.

The Dow traded sideways during the whole day and never managed to go higher so it turned I closed my long right. 

New point of control established and price action never managed to escape its gravity and stayed balanced through the whole trading day.

I couldn't resist making one last trade at close for several points on the breakout low of the day. After that price bounced of course.

Very balanced price action -- choppy for others. Below chart.

Labels: trades

It's Friday and it's the last trading day for the week. The Dow futures are pointing lower from cash opening trading session. 

Here went for a short trade on the breakup of low of the day, SMA crossing point of control and price  going into imbalance bearish territory. Closed probably too soon. Will see later.

>>>>>>>>>>>>>>>>>>>>>>>>>>

Update: This is the close. The Dow futures traded steadily lower today. I could have held longer but anyway took profit.

Sell    1    40046    MYMM4    03/22/2024 16:40:45     
Buy     1    40025    MYMM4    03/22/2024 16:44:54

Labels: trades

Today, the Dow 30 traded at all time high. I've always said that all time high territories are hardest to trade as there is no context and price action is testing and going through these price levels for the first time. 

For me there's been no trading day today. 

During first trading hour the price pushed higher; however at some point it got attracted by that level, established a string point of control and the price kept gravitating around that price level for the whole day.

I stayed in the sidelines watching the markets. Looking forward to tomorrow's last trading day for the week.

Went long $mym micro dow mini futures on the breakout; but closed in a hurry at even as thought no enough momentum and seemed establishing a new point of control which to hold the price around its gravity there. 

Ahead today FED interest rate decision and consensus is that the rate will be held at its current level. 

Entry at breakout and fast close at even

New point of control established

Update_2: After several hours, finally, we have Jerome Powell speaking at news conference. The FED keeps the interest rates unchanged; however hinting for beginning of easing rate policy at some time this year and there are expected probably 3 custs in 2024. The inflation data suggests and confirms FED previous policy decisions and it makes good progress in containing the inflation. It should be kept below 2% as to have confirmation for further rate cuts.

Dow reacting to FED meeting decision to keep rates at same level

Here we go with my play for the day. Shorting micro mini dow futures on breaking down on bearish imbalance.

B/S    Qnty    Price    Contract Timestamp     
Sell   1    38630    MYMM4    04/24/2024 17:45:43     
Buy    1    38550    MYMM4    04/24/2024 18:24:07

Shorted Micro Dow emini futures $MYM on breaking lower in bearish imbalance. Closed as showed fading.

B/S Qnty PRICE CNTR TIME

Sell 1 38039 MYMM4 04/16/2024 17:31:35  

Buy 1 38009 MYMM4 04/16/2024 17:37:29

This is as for now starting the trading week. Shorting on bearish imbalance. Took profit already and watching in the sidelines for another entry.

Shorted MYM Jun contract at 38530 and took profit at 38496.

Afterwards the price continued plunging and as many times proved me taking profit too early. 

I have to work on that as this is my main mistake.

Profit is a profit but need bigger winners.  

Update at market cash close: Here I go at the close of the market. It's been trending all way down today, dragging the price much lower from my initial exit. If speaking with surfers' metaphor, that's the wave I've been waiting for. You may find me speaking about entering a position and leaving it trail.. for some reason I am closing too soon. 

Here below is the chart showing my earlier entry shorting the Dow at the first half an hour of trading and closing too soon while price continuing going lower and lower.   

Today, I've entered short first on intraday technicals -- prece below moving avarage and point of control and in imbalance territory in 2 minute as well in bigger time frames as 15 and 30 minute charts. Also some economic news being released as unchanged as business inventories and housing market index. 

Below you can clearly see entry and exit and price going lower and lower during the day. I am still in profit but do have to learn keep winners run.

The Dow is quite volatile today at open driven by economic news as Inflation rate higher than forecasted for March. Along with Rate Cuts expectations fading. 

Inflation Rate MoM (Mar)

ACTUAL 0.4%

FORECAST 0.3%

Shorted on the way down but got stopped out as stop was way to tight for the violent trading day today. 

Went on trading with typical revenge trades trying to catch up with initial loss and ending up with doubling the loss for today.

Whole month of March and beginning of April I had around 14 consecutive winning trades and no losers. So this, I guess, made me too confident and trading in a hurry without meeting strategy rules. 

I might be away from the desk for today, will see. Later will post these two losing trades on my trades section.  

Now MYM (Micro Dow minis) is ranging at around the point of control and is hectic choosing any direction. Might return to desk later during PM session but not willing to enter for a new trade. Will leave it for tomorrow.  

This is a fast trade as of cash market open. $MYM_F - market going lower from here, will see if closed too soon.

Sell 1 39238 MYMM4 04/09/2024 16:43:48  

Buy 1 39191 MYMM4 04/09/2024 16:48:16

Update at about 17:55 (9:55 AM CDT Chicago time) --> The trade's been a huge runner and as always I'm out too soon. I'm still apt to take profit instead of leave the runners go. This is a phycological game which is to be learnt. 

Update at market close: 

Indeed I could have held longer for bigger gains till the low of the day.

I left holding until the close for the day, would end up at even. 

Below is the bigger picture of the whole trading day with my entry at first hour after the cash open.

Just entered short on Dow going lower at open, wanted to trail it for bigger profit but the trail got stopped but in profit:

Sell 1 39436 MYMM4 04/02/2024 16:46:10  

Buy 1 39400 MYMM4 04/02/2024 16:53:54

I'm still looking for a trailing trade which to get running from entry till bigger profit; waiting for this wave. 

Day Saving Time started in my part of the world yesterday. So I get back to normal trading US futures from 4:30 PM.

08:30 Monday, in Chicago, IL, USA is

16:30 Monday, in Varna

It's been my first consecutive month since trading micro dow mini futures. As stated in the beginning I am having a small account which trying to grow.  During the month of March had 12 trades, all winners, which, strangely to say, is not good. I have good entries on the breakouts but still do not let the runners run. Looking forward to next trading month. 

As last trading day before long weekend, Dow's been quite choppy. It traded around point of control without any significant breakouts either way, quite balance without any entry possible. So I guess no entry for me today. Looking forward to Monday and new month. Will be posting month statements later today or tomorrow.

So my Hedge Project had a little overhaul in terms of website design. Now it is in monochrome green mimicking old 80s computer monitors.  

As for trading since beginning this year I have started running a small or even better to say a micro account trying to grow. I trade Micro Dow Mini Futures and post every day my trades. It is all educational and has no intend for trading advice. 

First trade today. Entered at breakout of high of the day, above point of control and in bullish imbalance territory. Entry:

Buy 1 39785 MYMM4

Closed after first signs of exhaustion for 20 points.

Sell 1 39805 MYMM4

Probably too soon, will see.

Update at 10 pm +3 gmt just after the close of market.

The Dow traded sideways during the whole day and never managed to go higher so it turned I closed my long right. 

New point of control established and price action never managed to escape its gravity and stayed balanced through the whole trading day.

I couldn't resist making one last trade at close for several points on the breakout low of the day. After that price bounced of course.

Very balanced price action -- choppy for others. Below chart.

Labels: trades

It's Friday and it's the last trading day for the week. The Dow futures are pointing lower from cash opening trading session. 

Here went for a short trade on the breakup of low of the day, SMA crossing point of control and price  going into imbalance bearish territory. Closed probably too soon. Will see later.

>>>>>>>>>>>>>>>>>>>>>>>>>>

Update: This is the close. The Dow futures traded steadily lower today. I could have held longer but anyway took profit.

Sell    1    40046    MYMM4    03/22/2024 16:40:45     
Buy     1    40025    MYMM4    03/22/2024 16:44:54

Labels: trades

Today, the Dow 30 traded at all time high. I've always said that all time high territories are hardest to trade as there is no context and price action is testing and going through these price levels for the first time. 

For me there's been no trading day today. 

During first trading hour the price pushed higher; however at some point it got attracted by that level, established a string point of control and the price kept gravitating around that price level for the whole day.

I stayed in the sidelines watching the markets. Looking forward to tomorrow's last trading day for the week.

Went long $mym micro dow mini futures on the breakout; but closed in a hurry at even as thought no enough momentum and seemed establishing a new point of control which to hold the price around its gravity there. 

Ahead today FED interest rate decision and consensus is that the rate will be held at its current level. 

Entry at breakout and fast close at even

New point of control established

Update_2: After several hours, finally, we have Jerome Powell speaking at news conference. The FED keeps the interest rates unchanged; however hinting for beginning of easing rate policy at some time this year and there are expected probably 3 custs in 2024. The inflation data suggests and confirms FED previous policy decisions and it makes good progress in containing the inflation. It should be kept below 2% as to have confirmation for further rate cuts.

Dow reacting to FED meeting decision to keep rates at same level