How do you trade? $$

General note on how I trade.

And place to discuss your own trade approaches.

A short discussion note to explain my trade plans and also to know bit more about yours. 

What I trade?

I am only trading emini S&P 500 futures these days. Once I get bit more time on my hand I would like to analyse and trade some popular stocks and other liquid futures and forex. I do look at all major markets once a week for longer term trade perspectives or to plan some swing trades. I only trade US markets as the timings suits my work routine. 

What time frame?

My usual style is to trade positions for longer period/swing trade if I can identify a trend and can position myself to ride it. For day trades, I only plan and trade the regular trading session for e-mini S&P 500. The overnight session acts as a good guide to what is going to happen in the day session. Remember trading is always about finding the right zone. I start and publish my day trading plan for e-mini around 0730-0800 CET before the futures pits open for trading. Most of the pre-open news like employment numbers, other important announcements are already out by this time and you get a feel of how futures are reacting. Here is how I plan my trading day  

$ES_F : 1490-1504 : Market Recap

Still bullish. Market on steroid.

Another day another new high.

I came in the day bullish as per this trade plan. The overnight short set-up I mentioned yesterday and which I was expecting to play out today did not hold and once again shorts were defeated even before the day session began. Markets established another new high at 1498.75 and we are just few points away from 1500-1520 target area for the longest running long set-up for the rally which started in June 2012 from 1263 area. What a marvellous bullish marker! Volume was reasonable today. VIX spot rose slightly and so far did not make new low. 3 m spread is flattening slightly to 2.74. Market had a slight bearish bias right from open and it traded comfortably in 1490-92 support zone which was identified as minor support. However after rallying from low of the day 1490.75, I misread the market when it stalled around 1494 area.