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“M4” for the week ending Friday, 9/21/12

“M4” for the week ending Friday, 9/21/12
 

 

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.

Webinar Video is also this week’s M4

This was a very busy week.  Since Thursday’s webinar, “Cultivate you counter-intuition,” contained a thorough replay of Thursday’s trading, and since I was pressed for time on Friday, the webinar video will serve as this week’s Market Movie as well.  Here is the link:

http://ptausa.wistia.com/medias/1q9y9dlap2

 

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

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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