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Market Analysis Feb 7 2010 SP 500 Emini ES

It’s that time again to take a look and some longer time frame charts in order to evaluate the shorter time frame trading action.

 One of the things I love the most about the markets and trading is the repetition.  When I see the same patterns develop over and over again and recognize these patterns as the very same ones that have delivered profits in the past, I cant help but get excited about the profits to come.

 While some may feel bored by this, it is precisely this phenomenon that allows us to profit from the markets.

 Humans are creatures of habit, doing the same thing over and over, making the same mistakes over and over…. creating the same chart patterns over and over.

Below is one of my favorite that I have shared with you before..

 A situation, that if you were in our chat room in the last week you heard me caution you about the "retail rally" the "Johnny Come Lately"

 In short, a market cannot sustain new highs without broad market participation. The "Tardy to the Party" retail investor has been buying the highs since the beginning of time.. this time is no different

 The SP’s have been diverging on every new high since last August.

The  launch to 1,000 left us an untested relative low at around 980

The ADV-DECL reached its highs of approx. 2400 on that summer rally, but we have not been able retest the ADV-DECL highs on any of the subsequent highs…  There has been less and less participation on each new high! Guess who got is last…..

 
see my chart

I have been a member a little over a year.

I am impressed with the dedication of Greg and his fellow Moderators in providing excellent guidance and support that pays off with profit and peace of mind. Bless you all. AND, the biggest plus is they keep adding new and exciting materials. The newest addition is the 5 X 5 scalper, which for me has been "the instant profit machine "

Angel ( AKA Robert M)

If you have not taken a trial within the last 6 months then Now’s Your Chance!

Join us for a trial, witness all the action LIVE, with Live Charts and Professional Market Commentary from our 18 year Floor Trader

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New Chat Room Link

Jan 19-2010
Please re-install the chat room with this link, they updated the software over the weekend.

 

TradersAudio

Interview with Greg Weitzman on Traders Audio 

Learn more about TheTradingZone and the unique trading methods developed by Greg Weitzman, by listening to this intererview below.

This is a 3 part interview conducted with Ben Lichtenstein of Traders Audio.
Traders Audio, the leading distributor of squawk box audio for traders, provides live coverage of all the pit action as it unfolds throughout the trading day!

Interview Part 1   

Interview Part 2    

Interview Part 3    

 

$ES Emini S&P 500 Futures Market Profile Update 1/4/2010

Futures Market Update

The new year is here and the S&P 500 continued to push higher and test contract highs over the slow holiday trading sessions before the New Year.

Upcoming Financial News Announcements (EST):

S&P 500 Emini ES Futures Market Market Profile® TPO number’s:
UVA (Upper Value Area) 1120.50
POC (Point of Control) 1118.00
LVA (Lower Value Area) 1112.75
 

Take a 2 week trial of our trading chat room.  Watch the Trading Zone methodology and trades called LIVE and REAL TIME. 

www.thetradingzone.com/emini-chat-room

 

Check out our Twitter page: www.Twitter.com/TheTradingZone

Become a follower of TheTradingZone on Twitter and receive all of our tweet updates.  We are the leader in #emini tweets.

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opex options expiration

How to Trade OPEX (Options Expiration)

OPEX brings many new risks to speculative traders that most other trading days do not.
Simply put it is 1 of 4 days of the year (actually 3 days of 12 as the effects of roll over tend to last for 3 days) when all the larger institutional traders Must come to the market and adjust their positions.
On every other trading day the institutional traders can chose to trade or not trade, however on roll over / OPEX this is not the case. As contracts will expire and cease to exist, they therefore must adjust, or "Roll" their contracts forward into new contract months.

In addition, knowing that the institutions will be present and active, there exists a group of traders who specifically take advantage of this dynamic. They are called Spreaders.
A spreader will take a position in both the back month and front month, (the outgoing and incoming contract) in order to scalp or play the spread between the two.
Spread trading requires a very specific skill set and is not for the average day trader or fain of heart.

The 3 days leading ip to OPEX day (3rd Friday), will act differently than most other trading days, and the reasons why have just been explained above. The influence of large institutional trading coupled with spread traders makes navigating the landscape more challenging than other trading days.

Keep in mind that for futures traders the effect of OPEX witll hit the market on the Tuesday  or Wednesday prior to the Friday Expiration. Even though the actual contracts will expire on the 3rd Friday of the month, the institutions must plan ahead for this, and that means the 2 sided effect of OPEX will be seen a few days earlier.

For more information on trading futures contract rollover see this post

Futures Trading Webinar TheTradingZone MarketProfile and Price Action

 

Attention Traders:
Infinity is pleased to present the following special futures trading webcast. Feel free to register online or contact us if you have any questions or require additional information.
 
 
Event: Using TTZ Methodology to Improve Your Day Trading Strategy
Date: 12/8/09
Time: 3:30 pm CST (Chicago Time)
Presenter: Greg Weitzman
Company: TheTradingZone.com
 
Description:  Market Profile, Pattern recognition and Price Action, are sometimes referred to as a killer combination that can help provide success for active day traders. Greg Weitzman, founder of the TheTradingZone, will review these three core concepts behind his TTZ methodology.
He will explain why he believes using these indicators are simple and allow a trader better concentration, and avoid the ‘subjectivity’ of chasing every trade pattern they may setup.
He will also teach and demonstrate how these methods work in most time frames and almost any liquid market. Attend this webinar to see how the combination of these three common indicator
s can provide incredible accuracy in many markets.
 
Sponsored by Infinity Futures and CME Group
Risk: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
CME Group Disclaimer: CME Group is the trademark of CME Group, Inc. The Globe logo® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago. NYMEX is a trademark of New York Mercantile Exchange, Inc.
 

$ES Emini S&P 500 Futures Market Profile Update 12/7/09

Futures Market Update

On Friday, the S&P 500 pushed to contract highs only to reject those levels and have a major sell off the remainder of the day.  Also to note, the dollar rallied to monthly highs and metals had a major sell off. 

Upcoming Financial News Announcements (EST):

S&P 500 Emini ES Futures Market Market Profile® TPO number’s:
UVA (Upper Value Area) 1108.25
POC (Point of Control) 1002.75
LVA (Lower Value Area) 1095.75
 

Take a 2 week trial of our trading chat room.  Watch the Trading Zone methodology and trades called LIVE and REAL TIME. 

www.thetradingzone.com/emini-chat-room

 

Check out our Twitter page: www.Twitter.com/TheTradingZone

Become a follower of TheTradingZone on Twitter and receive all of our tweet updates.  We are the leader in #emini tweets.

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$ES Emini S&P 500 Futures Market Profile Update 12/1/09

Futures Market Update

 The emini S&P market held value yesterday after trying to test lower value and did not find any interest.

Upcoming Financial News Announcements (EST):

S&P 500 Emini ES Futures Market Market Profile® TPO number’s:
UVA (Upper Value Area) 1093.00
POC (Point of Control) 1088.75
LVA (Lower Value Area) 1086.75
 

Take a 2 week trial of our trading chat room.  Watch the Trading Zone methodology and trades called LIVE and REAL TIME. 

www.thetradingzone.com/emini-chat-room

 

Check out our Twitter page: www.Twitter.com/TheTradingZone

Become a follower of TheTradingZone on Twitter and receive all of our tweet updates.  We are the leader in #emini tweets.

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5×5 countdown

 The Countdown begins

 Hi fellow trader,
The 5X5 is almost ready for public release!
The 5X5 is a quick scalping setup that I’ve been working on for some time.
 It’s being developed specifically to address the needs of smaller traders who want more frequent trade setups. (up to 3 trade setups per hour! Depending on market conditions)
This also makes it the ideal system for traders who only want to trade for a portion of the day
5 Tick Stops, 5 Tick Profit
Get in, Get Paid, Get Out
!
Existing TTZ members:
The 5X5 will be added to your course materials as soon as the instructional videos are complete.
This is a huge benefit to existing TTZ members, as you benefit whenever we add more
Considering joining TTZ?
The time has never been better!
Our pricing structure will be changing in the New Year, so now is the time to get on board and take advantage of the 5×5 and other improvements.
Contact any member of the TTZ team to find out how you can participate!

Greg W  
954-302-7494  / gregw@thetradingzone.com
Larry G
847-230-4204 / larry@thetradingzone.com
Mike B  
612-424-9776 / mike@thetradingzone.com

Note: The 5 x 5 is set to be released 1st wk of Jan 2010.
Get in today and benefit from 2009 pricing!


you can read more about the 5×5 here
http://thetradingzone.com/5×5-scalp-trade

 

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