Friday, July 31, 2009

Trades for 07/31/2009

Hey traders,

pretty slow day in the market but it is a Friday in late July. when the GDP came out this morning they liked it, then when the market opened they sold it off. I'm sure the number will be revised lower like last quarter's and everyone else must have realized that too. Anyone who trades knows these government statistics are all bullsh1t, but on that same level, we also know its not the number, but the reaction to it.

So Lets talk trades

I generally like to get into a trade when all my indicators confirm. this morning we got a short at 988. It was good for +7 points and then I grabbed a long at 981. when the indicators starting getting mixed signals I exited and went flat at +4 points. We where in chop from about 11 til 1est as indicated by the white dots on the chart. When the last of the longs gave in we fell and then rebounded and I took a long at 985 for a quick +3 points. Around 3:30, A nice divergence formed on the indicators and I took a short at 987 for +3 points. So a plus 17 day. Not bad for a Friday

I'll be working on my blog alot this weekend adding content and features so check back monday for the new stuff. I also plan on adding paintbars to my charts, but i need to find just the right setting, so that's something else to tinker with. Feel free to email me, i'd like to know who is out there reading this.

I hope everyone has a nice weekend. be safe!

Thursday, July 30, 2009

What this blog is (and isn't)

Hello traders and future traders. My name is Nathan Stoner and I trade the ES E-mini futures on the Globex exchange. This blog is about trading futures, stocks, and options, although it will mainly focus on futures. I'll post charts and answer questions about my methods and indicators. The blog is black background with gray text because all traders know that staring at a white screen all day will burn your retinas like an ant under a magnifying glass! I

some disclaimers!

This blog has nothing to do with Marijuana! Yes, my last name is Stoner and TRUST ME I realize how easy it is to get confused. You will not find any tips on how to grow pot, or any links to places supplying glass pipes or whatever! For the record, I support decriminalization. Now, lets try to stay on topic !

Futures is a dangerous business! Don't ever take anything I say on here as advice to buy or sell any stocks, options, or futures. You will (not can) lose alot of money trading futures. Believe me, I don't know of one single person trading today that hasn't blown up their account at least once. The market is a beast and it will humble you. I promise. Ok, we got that out of the way.

One last thing. I take trading very passionately so you will have to excuse my inevitable bouts of course language. I'll try to preface some post with the industry standard NSFW if they contain such material!

Now lets make some CASH!