TopstepTrader

S&P Daily Pre-Market Prep 5/25/17

Posted by Peter Davies on May 25, 2017

We broke upside but overnight, so I'm still calling this 'unresolved'. The overnight moves are mostly as a result of a little craziness we saw in the markets (especially Crude) during the OPEC meetings.

Volume overall was low yesterday, so another reason not to buy into this spike up overnight.

Read More

Topics: Market Updates

S&P Daily Pre-Market Prep 5/23/17

Posted by Peter Davies on May 23, 2017

We are now at the top of the range again. So on the lookout for a rollover/headfake or potential move to new highs and a new range.

As before...

Read More

Topics: Market Updates

S&P Daily Pre-Market Prep 5/22/17

Posted by Peter Davies on May 22, 2017

Volume has been tailing off since the big down day last week. I still think that people will jump on any obvious signs of weakness. We are in the range still and last attempt to the low of the range fell short, so we should be on the lookout for signs of a failure before the range high.

Read More

Topics: Market Updates

S&P Daily Pre-Market Prep 5/18/17

Posted by Peter Davies on May 18, 2017

Yesterday we had

Quoting 
Downside has good potential from the 'sky is falling' crowd too. People love a good panic and if we can push down today we are likely to see speculators happy to participate to the downside.


If we look at the overall volume yesterday, it was 2.8 million. This seems like a big jump to just be short term speculators. So on the lookout today for high volume as the day progresses. Not saying we must be in for a larger move, just be aware that volume was exceptional.

I still think that if we do move down we will probably just test the extreme of the range and move back up.

Read More

Topics: Market Updates

S&P Daily Pre-Market Prep 5/17/17

Posted by Peter Davies on May 17, 2017

A tight range yesterday as expected we still have light volume at around a million contracts and still around the highs we made on Monday.

Today we've dropped but it's all on low Globex volume.

Read More

Topics: Market Updates

S&P Daily Pre-Market Prep 5/16/17

Posted by Peter Davies on May 16, 2017

 

Still at the top, still waiting for resolution, we moved back to the highs yesterday but couldn't make a new high. Overall volume as still quite poor.

Read More

Topics: Market Updates

S&P Daily Pre-Market Prep 5/15/17

Posted by Peter Davies on May 15, 2017

 

Still waiting for resolution at this top, still trading low volume. Considering the date, we could end up with low volume for a few months.

Taking a step back, it's worth considering how you adjust to this. You can move to a more volatile instrument or you can take advantage of these conditions. After all if the market is predictably slow, then trade it like a predictably slow market..

Read More

Topics: Market Updates

Funded Trader: furda81 [Colorado Springs, Colorado]

Posted by TopstepTrader on May 12, 2017

Furda81 has strong family values and has worked hard to get where he is. He has led 3 completely different start-up companies and now has decided to move onto trading. He trades as a mechanical trader and tries each day to manage the system he has in place. Furda81 aims to continue on the trading learning curve to eventually help others. Long term, he hopes to provide a professional and legitimate futures hedge fund for family and friends, as well as serious investors. 

Read More

Topics: TopstepTrader Funded Traders

S&P Daily Pre-Market Prep 5/12/17

Posted by Peter Davies on May 12, 2017

 

We seem to be in the holding pattern at the top. Still waiting for clarity.

Read More

Topics: Market Updates

Funded Trader: Rinna [Sochi, Russia]

Posted by TopstepTrader on May 11, 2017

Rinna believes that whatever you do, never give up. She is quite optimistic and uses this to her advantage while trading. Rinna is an intraday trader and hopes to remain consistent while trading. 

Read More

Topics: TopstepTrader Funded Traders

Follow Us:

Subscribe to Email Updates