tag:blogger.com,1999:blog-357821012009-11-11T03:12:27.994+08:00Welcome to my Futures Trading Blog. I am sharing my personal journey as a Futures Trader. At the moment, I am only daytrading (for me, it is "night trading" here, in Singapore) the S&P e-mini futures (ES) on a part time basis. I am still working in my day job. IMPORTANT: Please read Disclaimer at the bottom of this page.gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.comBlogger621125GerimegalysFuturesTradinghttp://feedburner.google.comtag:blogger.com,1999:blog-35782101.post-46165858082471144572008-11-15T09:39:00.004+08:002008-11-15T13:45:23.437+08:00

My ES TREND Chart above...Well, well, well...First, they had the Bears happily shorting the market at the get-go, then they got them covering their shorts, and the Bulls came charging, Then when the Bears were licking their wounds, and the Bulls fueling a Breakout, the Bulls were brought down to earth in a single thud. What a way to end this week's trading. Have a good weekend, everyone!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com6http://futures-trading.blogspot.com/2008/11/another-kill-em-both-bulls-bears.htmltag:blogger.com,1999:blog-35782101.post-48682753114458750362008-11-14T09:16:00.007+08:002008-11-14T09:42:23.068+08:00

My ES TREND Chart above...It was a trick Houdini himself would have been proud of but last night's "Kill 'em Bulls & Bears" session has really not changed the bigger picture...yet.The ES SWING Chart is still very much in a Bear TREND (See Charts below) and now PRICE, is merely heading back up to challenge last PRIME Resistance at 962.50. And unless PRICE is able to Breach this Resistance level,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/11/es-trend-chart-change-of-trend-last.htmltag:blogger.com,1999:blog-35782101.post-76902855415516859952008-11-13T09:27:00.007+08:002008-11-13T09:42:57.725+08:00

My ES POSITION Chart above...There's no stopping this Bear. At the rate the market is going, be prepared to see 825.00 on the ES, challenged any time soon."PRICE will continue to move in the direction it is going...until it fails"Words spoken by my Mentor, and which till today, continues to stick like glue, in my mind, whenever I trade.At the moment, "A Beary Christmas" seems more appropriate,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/11/es-position-chart-price-is-challenging.htmltag:blogger.com,1999:blog-35782101.post-68589016358897397792008-11-04T20:25:00.004+08:002008-11-04T20:31:27.814+08:00

My ES SWING Chart above...PRICE just cleared last PRIME Resistance (992.50) a couple of minutes ago, effectively giving us Leg 1 of Bear Break. Are we gonna see a change in the TREND, on the SWING Chart, due to the Presidential Elections?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/11/latest-leg-1-of-bear-break-on-es-swing.htmltag:blogger.com,1999:blog-35782101.post-34735775192184349382008-10-31T09:10:00.002+08:002008-10-31T09:18:28.960+08:00

My ES TREND Chart above...With reference to my last post, PRICE has yet to break last PRIME Resistance of 992.50, on my SWING Chart. Last night's market action merely showed PRICE in consolidation mode, and gearing up for the next move. Expectation is still for PRICE to fail, in its challenge of 992.50. Stay tuned...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/consolidation.htmltag:blogger.com,1999:blog-35782101.post-86684559817124811492008-10-29T12:14:00.003+08:002008-10-29T12:18:11.840+08:00

My ES SWING Chart above...Nothing from the above chart suggests that the market is done going down. It just points to a temporary bottom, in which PRICE is now heading back up to challenge last PRIME Resistance at 992.50. Another PPF, or failure at Resistance would merely reinforce the Bear TREND, the SWING Chart is currently in.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2http://futures-trading.blogspot.com/2008/10/merely-pullback.htmltag:blogger.com,1999:blog-35782101.post-40062136979331140482008-10-23T09:37:00.004+08:002008-10-23T09:41:21.612+08:00

My E-Mini Crude (QM) SWING Chart...Notice the difference in this posting, against the earlier one, regarding the SIMSCI chart? Hehehe...This chart would bring much joy, to the many car owners around the world (but not OPEC).

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/woo-hoo-more-downside-to-come.htmltag:blogger.com,1999:blog-35782101.post-29904847562031371072008-10-23T09:31:00.003+08:002008-10-23T09:34:46.952+08:00

My SIMSCI SWING Chart above...Having broken last PRIME Support as shown, I'm afraid there is some more downside to come, for the Singapore market. We are about closed to 50% off the highs in May 2008. Scary Bear!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/more-downside-to-come.htmltag:blogger.com,1999:blog-35782101.post-21543602440542258552008-10-15T16:42:00.003+08:002008-10-15T16:46:44.456+08:00

Current Globex PRICE movements look a tad weak. Breaching 974.50 would simply mean a delay in the upmove. But then again, anything is possible, when it comes to the market...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/es-trend-chart-breaching-last-prime.htmltag:blogger.com,1999:blog-35782101.post-89079985698854431722008-10-15T14:49:00.004+08:002008-10-15T14:58:57.341+08:00

Those of you interested in learning how to trade futures, register at this free Online Webinar to find out more about their trading methodology. Seats are limited.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/online-webinar-on-wednesday-october-15.htmltag:blogger.com,1999:blog-35782101.post-25361536993781244382008-10-15T13:48:00.004+08:002008-10-15T14:16:33.578+08:00

My ES SWING Chart above... My ES POSITION Chart above...With the ES POSITION Chart still heading back up to challenge last PRIME Resistance, the expection is then for the SWING Chart to head back up to challenge yesterday's session high of 1067.00. Breaching this Resistance, on the SWING Chart, would thus give us Leg 1 of Back Door Bear Break. Watch for PRICE Action on the TRADING & SWING Chart,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/es-swing-chart-possible-back-door-bear.htmltag:blogger.com,1999:blog-35782101.post-74244271711851353832008-10-13T13:32:00.004+08:002008-10-13T14:15:31.518+08:00

My EURO Futures SWING Chart above... My EURO Futures POSITION Chart above...With PRICE currently in PRIME Support in both my SWING & POSITION Chart, the expectation would be a bounce before PRICE continues its Bear TREND.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2http://futures-trading.blogspot.com/2008/10/euro-futures-swing-chart-pull-back-on.htmltag:blogger.com,1999:blog-35782101.post-32192300834457623292008-10-10T07:52:00.004+08:002008-10-10T08:31:15.481+08:00

My ES SWING Chart above...This week has been a terrible week on the whole, for global markets. The ES alone has dropped closed to 200pts!, in just a span of 4 days! The bad news is that looking at PRICE action, there could still be more downside to come, before support hits in.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1http://futures-trading.blogspot.com/2008/10/capitulation.htmltag:blogger.com,1999:blog-35782101.post-86216028433875090402008-10-08T08:28:00.003+08:002008-10-08T08:36:47.585+08:00

My ES SWING Chart above...Despite efforts by Lawmakers and the FED's action last night, the ES continued to tank. PRICE is challenging last know Supports and breaching them. Now, who says that the market cannot be in a constant state of being "oversold"...?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/markets-go-lower.htmltag:blogger.com,1999:blog-35782101.post-4080006937082956862008-10-02T19:18:00.002+08:002008-10-02T19:22:26.563+08:00

My EURO POSITION Chart...Well, what can I say? The chart speaks for itself.It sure looks like the US Dollar has turned a corner...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/10/latest-full-3-leg-bull-break-on-euro.htmltag:blogger.com,1999:blog-35782101.post-85203849493176736012008-09-29T10:52:00.004+08:002008-09-29T10:59:21.415+08:00

My SIMSCI SWING Chart above... My SIMSCI POSITION Chart above...PRICE is still heading down, and unless we see a failure (PPF) of last PRIME Support (285.70) in this downmove soon, the Bear TREND will just continue...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/simsci-swing-chart-will-we-see-bottom.htmltag:blogger.com,1999:blog-35782101.post-33562789850124040122008-09-28T22:31:00.009+08:002008-09-28T22:58:02.848+08:00

Fernando Alonso surprised himself, after winning Singapore's First F1 Night Race. Having to start at 15th Position, his race was practically over, but with a series of crashes and pit stop mishaps, the Spaniard zoomed to the finish line, followed by Rosberg, and Hamilton.All in all, the Inaugural Singapore GP proved to be a hit with everyone concerned. For more news and pictures, click here, for

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/alonso-wins-singapores-first-f1-night.htmltag:blogger.com,1999:blog-35782101.post-58988485694422990452008-09-19T09:14:00.004+08:002008-09-19T09:40:59.476+08:00

My ES SWING Chart above...As per last post on Wednesday, I had expected PRICE to head back to PRIME Resistance but alas, it failed, and it went back down to create a Lower PRIME Support instead. Now, with PRICE already in PRIME Resistance, the expectation of course, is to see another failure (PPF) of last PRIME Resistance at 1282.00. And until that happens, we still have about 40 odd ES points,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com6http://futures-trading.blogspot.com/2008/09/again-nothing-has-changed.htmltag:blogger.com,1999:blog-35782101.post-90898958868905195202008-09-17T09:08:00.004+08:002008-09-17T09:13:16.142+08:00

Just out: FED bails out AIG with US$85B Loan. Click here for more details of the news, or to CNN Website.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/latest-news-federal-reserve-bails-out.htmltag:blogger.com,1999:blog-35782101.post-51551754117657848672008-09-17T09:03:00.004+08:002008-09-17T09:08:27.936+08:00

My ES SWING Chart above...Other than the ES POSITION Chart having created new PRIME Support, nothing has changed, even with last night's pullback in PRICE. The Bear TREND has been established and for now, PRICE is merely retracing its steps to challenge last PRIME Resistance. Expectation of course, is for PRICE to create a PRIME Lower High.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/es-swing-chart-bear-trend-price-now.htmltag:blogger.com,1999:blog-35782101.post-15992121804662133642008-09-15T07:59:00.002+08:002008-09-15T08:14:46.403+08:00

My ES TREND Chart above...Price on the ES has taken a hit, after news of the failed talks between Lehman Brothers & Barclays had been made known over the weekend.Last Friday's market action pointed to some more upside(before turning down again) for the ES but with this downward spike, the risks to the down side has increased again, barring any positive news for Lehman's survival.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/lehman-brothers-failed-talks-causes-big.htmltag:blogger.com,1999:blog-35782101.post-78688963845541512832008-09-11T20:14:00.004+08:002008-09-11T20:18:39.318+08:00

My ES SWING Chart above...PRICE just made a PRIME Lower Low - Leg 3 of Bull Break. We are now in a Bear TREND. PRICE is heading down to challenge last PRIME Support of 1200.75, on the POSITION Chart. Look out below!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/es-swing-chart-bear-trend-leg-3-of-bull.htmltag:blogger.com,1999:blog-35782101.post-16027084768434818192008-09-10T20:10:00.007+08:002008-09-10T20:17:17.770+08:00

My ES SWING Chart above...The above screen shot was taken just 3 minutes ago and you can see clearly that Monday's move was clearly to kill both Bulls & Bears. Making a New PRIME Low now, would complete all 3 Legs of the Bull Break, as mentioned in my last post on Monday.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/indeed-suckers-rallyas-warned-earlier.htmltag:blogger.com,1999:blog-35782101.post-76212513729243399412008-09-08T09:16:00.005+08:002008-09-08T09:26:16.925+08:00

My ES SWING Chart above...Well, what do you think? Is it merely a pull back of sorts, or is it the real thing? Unfortunately, looking at the chart above, PRICE is merely telling me that it is retracing what it lost, in the past week. Nothing has seriously changed (from a "Price Action", standpoint). In fact, a failure (PPF) to clear previous PRIME Resistance High of 1303.50, would put this whole

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com6http://futures-trading.blogspot.com/2008/09/fannie-freddie-bailout-suckers-rally-or.htmltag:blogger.com,1999:blog-35782101.post-29436758277498091202008-09-05T12:12:00.003+08:002008-09-05T12:20:41.954+08:00

My ES POSITION Chart above...Judging from the PRICE action since Tues, it sure looks inevitable that a New PRIME Support will be created pretty soon. That would simply be in line with the current Bear Market activity we have been witnessing for the last 2 months, after confirming the Bear TREND, on the POSITION Chart.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0http://futures-trading.blogspot.com/2008/09/es-position-chart-heading-for-new-prime.html