“M4” for the week ending Friday, 8/24/12

“M4” for the week ending Friday, 8/24/12


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, 150-contract, peeling-off strategy.

Got questions, comments, suggestions or critiques? Send me an email to


Special Saturday morning update: “The Secret Life of Chaos”

On Friday night I recorded a show that looked interesting on the Science Channel – The Secret Life of Chaos.  I watched it Saturday morning before going on my exercise walk and was fascinated.  It is about the development of chaos theory and the fractal geometry of natural systems.  You’ve all heard me talk about the fractal geometry, the self-similarity, of the market.  This program explains the science behind the theory.  If you have a DVR and the Science Channel on your cable or satellite system at home, I recommend you find and record this program for a deeper understanding of these concepts.

Video link to my most recent webinar: Thursday, 8/23/12, 1:30 pm PDT

 Play button for Mentor Mike’s Market Movie for this week

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.


Chart #1



Chart #1



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Chart #1


Daily Turning Points for the Week

This chart is of the ES day session only – 6:30 am to 1:15 pm Pacific time.  It shows the daily HI-LO turning points.  Notice the oscillation.  When the last turning point is a HI one day, the first turning point will be a LO the next day, etc.

Chart #1

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