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MES1!

Closing (Margin): /MES February 17th 3590 Short Put... for a 21.50 debit. Comments: Fixing part of my screw up in opening my additive delta adjustment short strangle (which I opened in the February 28th expiry instead of the February 17th). (30.00 credit (for this leg) - 21.50)/20 = .425 ($42.50) profit. I will now proceed to open a 13 delta short put in the February 28th expiry to replace it, but will still have the February 28th 3720 short put on as "an odd man out" for the time being.
CME_MINI:MES1!
by NaughtyPines
Opening (Margin): /MES February 28th 3720/4210 Short Strangle... for a 68.75 credit. Comments: An additive delta adjustment trade. (68.75/20) = 3.4375 ($343.75) credit. My original thought process was to just leave what I had on mostly alone running into CPI, but didn't like how the position had skewed out short, so am adjusting it here to net delta flat. I actually intended to open this in the February 17th contract, but am going to go ahead and leave it alone here. All this means is that I'll have to leg out of the sides one at a time versus closing the short strangle as a unit due to the fact that two corresponding legs will potentially be in different expiries.
CME_MINI:MES1!
by NaughtyPines
Closing (Margin): /MES February 3540/4160 Short Strangle... for a 38.75 debit.* Comments: Mixing and matching profitable short call with profitable short put for a small realized gain ($35.00), leaving me with the 3590/4120, which I'll probably proceed to do an additive delta balance setup on here. * -- The credit and debit amounts take some getting used to. For example, a short strangle that routes for a 50.00 credit actually has a max of only 2.50 ($250) (i.e., 1/20th of what the table says you'll receive in credit).
CME_MINI:MES1!
by NaughtyPines
Short-term trading beat long-termWhy short-term trading into the US market beats the long-term investing in the year 2023? As much as the Fed wanted to dial down the interest hike for the rest of the coming meetings, but they have limited control. It all depends on the forthcoming data, especially the CPI and the employment numbers. If these data continue to have a higher number, the Fed may not have a choice, but to resume back to its massive rate hike. There are 4 types of investor or traders, they are: 1. Long term investor 2. Short term investor 3. Short term trader 4. Intra-day trader Greater volatility is expected in 2023 and why the 2,3, and 4 may works better in 2023. This is what we will be discussing today: Content: • Investing types & its time-frame • Short-term trading strategy CME Micro E-Mini S&P Futures Minimum fluctuation 0.25 point = $1.25 1 point = $5 10 points = $50 100 points = $100 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:MES1!Short
by konhow
2
EMini /ES Futures Spooky Long setupFellow traders, If the full moon tonight excites the animal within - I propose taking a look at the S&P500 daily chart... (although this is a 2hr chart for detail ;) Full bullish structure, a balance day after Friday's strong push. MA's are strong and previous price structure resembles a possible strong move to 4000 This entry isn't prime quality - I would like to enter cheaper, in fact I may just wait for 3820, but price action doesn't look like it will allow it and I get a hunch we may move higher quickly. My confidence in the up move this week outweighs hesitation. Lets not forget the ghastly Fed meeting on Wednesday. Any shift in the Fed's ominous tone on the plan to increase interest rates in the future could create a lot of supernatural buying pressure - in fact that is what the charts are resonating to me. If it's a treat I'm in. I'll comment if I raise the order in the morning. The plan will be to leave it valid for 2 days, I'm sure we will get a quick flash lower to that level.. *nod to zombie news traders finding liquidity lower before the blast higher. Happy Halloween 2022! Trick-er-treat ES, you got Reeses Cups or Candy Corn?
CME_MINI:ES1!Long
by GrayTrader01
1
ES bullishLast week ES price action indicated acceptance of these higher prices and appears to be ready to move higher. Friday's move was quite a shock. Long side trades existed at 3860 but they didn't 100% fit my strict strategy as I cautiously build my small account. I expect buying to continue into next week and I'm interested in buying any weakness. Green area is very exciting for quick moves if we are so lucky to get one. The yellow area is also in consideration depending on how price action materializes through the week. Hard stop on all bullish intentions below 3600.
CME_MINI:ES1!
by GrayTrader01
ES green lit - but is something bigger playing out?Last week ES gave us a welcomed sign that a local temporary bottom is in place as we are accepting higher prices. The week before last, price balanced in the mean (Red level) and we stayed skeptical and patient waiting for the appropriate signs to get long. Last Monday was the signal, as the day's price action completely engulfed the back-and-forth balancing of the week before. Wednesday we raised an order to buy a strong support level indicated by many clustered opens and closes. The order was filled on Thursday's open and I continue to hold for a full profit target. Closing early or adjusting stops or targets is NOT ALLOWED with my strategy. Ride or die. Looking into this week, bullish is the theme. Price is verifying levels appropriately and making healthy pushes higher. Closes above 3800 would be a very good sign for the bulls. Closes below 3680 will be problematic. Keep in mind we have lots of interest rate discussion this week from the ECB and others, but I tend not to read much into them. They usually are already priced into the market and serve as fuel to profit targets in my experience. On a bearish note, I would not be surprised to see a flash-crash style test of the 3600 low to form a beautiful textbook head-and-shoulders bottom here. It may stop me out of my current trade, but circumstances pending, may setup for much more profitable trading back to 4000+. I will not be trying to catch that bottom, but rather waiting for pullbacks on the (price action verified) path back up. Let’s see what happens! Exciting week ahead for this trader! Good luck!
CME_MINI:ES1!
by GrayTrader01
10/09/22 ES Weekly SummaryWith the downtrend intact, I’m not taking any long trades this week. Shorts only. I’ve marked some trades of interest in terms of level and price, not accurate on the time scale obviously. Price is still in the wedge and I’m mostly interested in shorting from the high side. Last Thursday we got a short entry at the US open that hit our price target (see the linked idea). I believe the downward pressure was influenced by news about “Nuclear Armageddon with Russia'' headlines that seem to be nothing more than a headline and price motivator. That being said - until we break the low of 3571.75, it would seem this selloff is now validating a much stronger bullish bounce (post coming soon about how I interpret price validation). I would not be surprised if the bottom starts to establish here. I would need to see daily closes outside the wedge to get aggressive about buying. For now I'm targeting shorts only and keeping my powder dry.
CME_MINI:ES1!
by GrayTrader01