“M4” for the week ending Friday, 9/14/12

“M4” for the week ending Friday, 9/14/12


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

NEW WEBINAR: Thursday, 9/20/12 @ 1:30 pm PDT – REGISTRATION LINK


Or. . . How to Pick Tops & Bottoms

We have all heard the warning: Never try to pick tops and bottoms!  Instead, we are told to wait until the market reveals its true intentions before we jump in.  But in the fast-paced intraday arena, if we wait until all our ducks are in a row, we may have waited too long.  So, what’s a trader to do?

Join “Mentor” Mike Bridges on Thursday, 9/20/12, after market close at 1:30 pm Pacific time, when he will reveal his favorite tools and techniques for:

* Spotting Elliott Wave and Delta turning points as soon as they’re in.

* Easily setting reachable profit targets that are devoid of any emotional taint and custom-tailored to the markets recent volatility.  And,

* Making aggressive, but totally controlled entries that will put your first target’s profit safely in your account before most of the crowd has even entered the market.

If you have ever felt the frustration of having the market repeatedly touch your target but not fill it before finally giving up, receding away and leaving you with a loss. . .

If you have ever thought, “If I had just entered one tick sooner that loss would have been a win. . .”

Then, this webinar is definitely for you.  Don’t miss it!


Can’t make it on Thursday?  No problem.  A replay video link for this webinar will be posted in next Friday’s M4.

 Play video 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.


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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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