• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Daniels Trading

Independent. Objective. Reliable.

Top Navigation

  • Open a Futures Account
  • Sign Up
  • Log in
  • 1.800.800.3840

Primary Navigation Menu

  • About
    • Who We Are
    • Services
    • Careers
    • Risk Disclosure
    • COVID-19
  • Trade
    • Broker-Assisted
    • Self-Directed / Online
    • Request Pricing
  • Hedge
    • DanielsAg Mobile App
    • Ag Marketing Plan
    • WASDE Analysis
    • Grain Resources
    • Livestock / Dairy Resources
    • Hedging Videos
    • Request Pricing
  • Invest
    • Automated Strategies
    • Managed Futures
    • Request Pricing
  • Advisories
    • GENERAL / FUNDAMENTAL
      • DT Newsletter
      • Insider Market Advisory
      • Turner’s Take Newsletter & Podcast
    • TECHNICAL ANALYSIS
      • The Cullen Outlook
      • Data Feed Trade
      • Jarboe Trading Journal
      • Trade Spotlight
    • AG MARKETING
      • Cattleman’s Advisory
      • The Swine Times
      • Technical Ag Knowledge
      • This Week in Grain
      • Turner’s Take Ag Marketing
    • THIRD-PARTY RESOURCES
      • CFRN
      • Moore Research Center, Inc. (MRCI)
      • OptionWorks®
      • TASMarketProfile.com
  • Education
    • CME Group Resource Center
    • Small Exchange Resources
    • Guides
    • Frequently Asked Questions
    • Order Entry Handbook
    • Webinars
  • Blog
    • Futures 101
    • Ag Marketing
    • Tips & Strategies
    • Trading Advisories
  • Resources
    • Trading Software
    • Quotes and Charts
    • Futures Calendars
    • Contract Specifications
    • Margin Requirements
    • Futures Calculator
  • Accounts
    • GAIN Capital Futures
    • StoneX
  • Contact
Home / Futures Blog / Recap of MDA S&P Short position and where we go from here – 2/26/16

Recap of MDA S&P Short position and where we go from here – 2/26/16

February 26, 2016 by Andrew Pawielski

Below you will see the screenshot update to the Short trade we did 2/26/16.  We were able to lock in profits on the retracement from the overnight highs. This was a short trade highlighted in this morning MDA SnapShot in the E-mini S&P.  If you would like to follow these trades in real-time and have the ability to speak with me about them. Please subscribe to the newsletter and contact me directly. To get these updates sent directly to your inbox, please subscribe for free HERE.  To see all MDA updates visit my blog page HERE.

Published 2/24/16 9:08 am central – Fill confirmation and Target 1

Traders,

We were filled on our short positions @ 1956.50.  we are starting to see some selling pressure coming out in this market.  We are trading at 1953.50.  I am looking to take partial profits if we can move down a bit more to the 1951-1952 level.  we could see some support coming in @ 1950 and there is a large bid @ 1951 over a 1000 contracts sticking out. so somebody is trying to either spook the market from challenging that or we will get some resistance there.  We are against the grain so to speak with what we did overnight so don’t get greedy.

oil is back in my buy support level so if that holds and goes up so will stocks.

Published 2/24/16 11:02 am central – Trade Recap and outlook for rest of session

Traders,

We caught some nice momentum on our short entry and were able to hit our first profit objective.  For those who took partial profit and updated your stop on the remaining positions at breakeven. You most likely scratched out on those remaining trades as we did see a retracement slightly higher off the selling pressure.  That is why I look to take partial profits on moves and take risk off the table on any remaining positions.  In this instance we have since moved back down toward the 1950-1951 level of our exit and trading between that and 1953.00  I was really positioning our remaining positions for us to carry that into new lows and hopefully attack the 1943.00 level we broke out of yesterday.  That was my thought process. To bank partial profits on a majority of the position to reward ourselves for the risk and then maybe get lucky if new lows are reached we get a runner and trail the stop down with it.  That wasn’t the case today as the remaining positions scratched out, but we were well positioned if that scenario took place, and if we keep this type of disciplined structure to your trading you will be rewarded when those instances do take place, and you will eliminate what looked like a nice winning trade turning into a losing trade.

Since the exit, we have seen some volatility in crude oil. With our sell orders triggering and  presenting some profit levels and then new levels forming confirming the downward pressure.

On the ES market we have new levels as well with a sell zone @ 1950 and the buy zone @ 1963.00  I am going to keep a close eye on these, but most likely will not participate on the short at this time unless we see oil break below $33 and we haven’t moved lower yet.

There is a lot going on with the 30 min chart I have updated.  You can see our sell and buy, the new zones, as well as the SP odometer I copied in.  I pasted this in the chart so we can all see we  have been negative since the open, but overall the market is still in bullish territory. These 1950 levels could hold here. I wouldn’t be afraid of buying this and looking for us to retrace back to the high volume level on the day the day near 1956.00 Which is also the 30 min POC I circled the volume on the chart.  On the bottom we see TAS navigator has moved lower, but is still green bearish.  Overall we are 1.00-2.00 pts positive on the ES.  So if you are still short or looking to sell this market now, I would be cautious.  I think bulls could potentially surprise some of these late shorts coming in and move us back up.

I encourage anybody who isn’t working with me to consider why not? You will have instant access to follow along with these updates as well as discuss other markets and more real-time analysis with a voice rather than an email.

Sign up and joint the team:

Online Application: http://buff.ly/1QuSVBd

30 min MDA SnapShot Chart: (click for larger image)

Source: dt Pro
Source: dt Pro

 

Market Action Scanner

The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!

Register Now

Risk Disclosure

STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.

THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CONTRACTS CAN BE SUBSTANTIAL. THERE IS A HIGH DEGREE OF LEVERAGE IN FUTURES TRADING BECAUSE OF SMALL MARGIN REQUIREMENTS. THIS LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU AND CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS.

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Market Dimensions Advisory (MDA)

About Andrew Pawielski

Since 2007, Andrew has been a series 3 registered Senior Futures and Options Broker with Daniels Trading. During this decade plus tenure, Andrew has worked with traders in all different strategies, capital sizes and experience levels throughout the world.

Having this professional brokerage experience and being a futures market participant led Andrew to found the educational trading service Market Dimensions Advisory (MDA). MDA showcases Andrew’s expert technical trading analysis using the TAS MarketProfile tools and other highly regarded volume and order-flow based trading indicators. This professional trading service is a compilation of all Andrew’s trading experiences, concepts, methodologies and real-time trading ideas.

It is Andrew’s goal to empower traders, and through his services, move them from fear to familiarity through frequency.

Primary Sidebar

Get Blog Updates

Subscribe to our blog and receive a daily email with information on market insights, trading tips & strategies.

Trustpilot

Footer

Site Navigation

  • Frequently Asked Questions
  • About Us
  • Customer Reviews
  • Contact Us
  • Futures Blog
  • Open a Futures Trading Account
  • Media Resources
  • Fund Your Account
  • Legal Notices

Contact Us

Daniels Trading
100 South Wacker Drive, Suite 1225
Chicago, IL 60606
+1.312.706.7600 Local / Int'l
+1.800.800.3840 Toll-Free
+1.312.706.7605 Fax

Connect with Us

Trustpilot

Copyright © 2021 · Daniels Trading. All rights reserved.

Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

  • Risk Disclosure
  • Privacy Policy
  • California Residents Privacy Notice
  • Terms of Use
  • Back to top