Classic e-mini futures scalping

At least as defined in my KING methodology (or a trading course) for scalping e-mini futures markets, such as YM, which is my e-mini futures favorite market to day trade.

I define them as trades that do not require more than two "re-inforcements" (for lack of better word), that is, do not require adding to your position more than twice.

I start with a 2-contract position, then may add to it, usually not more than two contracts, although more sis possible if I am convinced that I am on the right side and the market is bound to move my way eventually.

Very often, these original 2 contracts reach my target of 5-10 ticks in YM, the Dow emini futures market, but sometimes a bit of prodding is required, but as long as no more than two contracts are needed (sometimes, but in hindsight, this is not necessary) to reach my target quickly enough, I believe I am doing fine.

I call trades like that, the trades that utilize only 2-4 contracts, the classic trades. Those that arrive at the target with the original position are perfect trades.

Today was a good day for classic trades, all 12 of them, both on the short side and the lone one. As you can see from the screenshot below showing the list of trades in the Bracket Trader platform.

I posted some of these trades on Twitter, finishing my Twitter posts today with trade number 10, but that wasn't the end of it yet.

Here come quickies, 2 in a row. That's it for today, at least here. pic.twitter.com/eOwz2Oup7U
— emini_guy (@emini_guy) June 19, 2013

I may still trade a bit more, I am just taking a short break. In fact, I just added another quickie, see it on my site in its current trading results section.

The final trading result for today

Ten trades in YM, the Dow e-mini futures market, my favorite market to trade as far as emini futures go. Several of the trades you see in the screenshot below (most, in fact) have been announced on Twitter within 1-2 minutes after their completion.

And did I mention that all of them were winners? And 2 were quickies, meaning the trades that do not last even a minute, as long as the target is 5-10 ticks in YM.

Overall, yet another pretty good day trading with KING, an e-mini day trading methodology. For more about it, check out my site, especially the course own section with many subsections, quite a few dedicated to my trading results.

Actually, that was not yet the final result. I added one more quickie as you can see from my Twitter update.

Messed this up. Wrong picture, right comment pic.twitter.com/PgHyaQ1O62

— emini_guy (@emini_guy) June 17, 2013

Slavoj Žižek, trading forums, and the other 1%

And it's not the 1% that you probably think of and that tends to be in the news rather often these days.

Slavoj Žižek is a bad boy of contemporary philosophy, and if it were not "bad" enough, he is (or was) married to a fashion model, Analia Hounie.

It's her picture that follows, not Mr. Bad Boy's. That's a comment for those who might be visually impaired, for no one else can possibly find it useful.

Analia Hounie 

According to Žižek, whose scraggly looks must be his greatest sex appeal,  "99% of people are boring idiots." Well, either things have accelerated recently and I have not been paying attention or I am not radical enough, because to me this number has always been closer to 80% rather than to 100%.

But I agree with this Slovenian bad boy when it comes to some human enclaves, such as online trading forums, for instance. There is no doubt on my mind that 99% of those who hang out in places like that are either boring idiots or idiots who are not even boring.

Eminimethods.com 2.0 has arrived!

Finally!

It took me over two months to complete it, but it's here. It would take me another month or so to do everything what I planned to do when I was embarking on the project of revamping this popular e-mini futures trading site of mine, but I really don't think I can afford it at this point.

Still, that does not mean that I am totally done with it, but rather that any further changes will be slower and not as dramatic as those already in place in the second version of eminimethods.com just unveiled.

And a bit of a break at this point is a good idea too.

The article announcing the arrival of the revamped version of eminimethods.com (meaning eminimethods.com 2.0) that reflects on the major changes to this already almost 8 year old site is here.

Trading forums from yet another perspective

It's not my perspective, but I do share much of it. The perspective belongs to a frequent visitor to my site, a fine man named Thomas.

Specifically, Thomas addresses the issue of integrity of some of the trading forums that he seems to be quite familiar with and comes to the sad conclusion that they simply cannot be trusted if only for two basic reasons:
1) they are owned and run by vendors, who may even not disclose this fact but who (surprise, surprise!) seem to be quite interested in their forums being used for denigrating their competitors, meaning other vendors,
2) they are dominated and manipulated by vendors, some of whom choose not to reveal their vendor status, yet show quite a bit of interest in (guess what?) denigrating their competitors.


I talked about this and related issues regarding trading forums in more than one article in this blog. The blog has even a category for trading forums, so if you would like to find out more about it, check it out. I don't think I am finished with the issues in question here or on my site whose version 2.0 is to be launched this week.

You can read Thomas's opinion in this article that contains also my take on this sorry state of affairs as a commentary to Thomas's e-mail that he was kind to share with the visitors to eminimethods.com.

Bing gets "emini trading results" right!

As you can see from the attached screenshot.

I might be a tad biased calling them "right," to put it mildly, but I swear that I have not bribed these people! Two of my most recent e-mini trading results sections (for 2013 and 2012) are at the very top of search results in Bing. This may not last very long, but I expect at least one of them to stay in the top 5 for a longer while.

Yahoo! Search does a fine job too, for you can find these very same pages in the top 5 of its search results if you search for "emini trading results."

Google not so much, but I have given up on Big G a while ago. It's just lost, too much garbage in its search results that is crowding the relevant pages and not enough brain power to process all of it properly. Too bad.

It used to be a very fine search engine, but these days you have to go with DuckDuckGo if you want to find truly relevant pages quickly. Or with Bing. Or with Yahoo!

Record traffic to this blog

That this futures blog is getting more and more popular is evidenced not only by its high position in the search engines, in Google, in particular, but also by the growing number of page views that its internal statistics software keeps recording.

In May, the number of page views hit a new record. It increased by a huge margin compared to the previous peak, well over 25%, or practically 200 (199) in absolute terms. It exceeded 900, for the first time ever, skipping the 800 range in the process.

The picture always speaks better than dry numbers, so here it comes.

Another record number of page views of this futures blog.

Tweeting, tweeting, tweeting ...

My e-mini futures trading results, that is.

Just posted the fifth (or was it sixth?) today beyond what I have also posted on my site the first thing in the morning once I got over the magic number of 200 understood as a dollar numeral.

Good day, overall. Not that it's unusual. I should rather say that volatility is good, which explains a few quickies in these results on Twitter. I mean trades in the Dow e-mini futures that take less than a minute to reach a standard target of 5-10 ticks, usually 5.

Also working on my site, whose version 2.0 has been long overdue, but hopefully will arrive on June the 15th. Definitely before the end of June or else I suck.

Incidentally, also on June 15th, the price of KING will go up, so hurry up if you want a better deal.

KING, an e-mini futures day trading course, is the brain behind all those neat results that you can see on Twitter in near real-time (1-3 minute delay to take a screenshot, write a quick note and post it without messing up everything on my desktop) or on my site in many other places.