Chicagostock Trading

Excerpt from CST Pro subscription email sent on 04/27/15 for trade day 04/28/15.  As highlighted in the report, 209050 was a long trade with specific stop and target levels. Bottom left of image is excerpt from our chat, highlighting Chicagostock's intraday analysis, followed by a chart of the intraday Emini SP500 on 04/28/15.  

CST Pro Subscription- 2 Week Trial 

• Daily Emini SP500 Futures Analysis
• Daily pivots & vol windows (ES/CL/GC)
• Volatility Windows PDF Guide
• Swing trade recommendations
• Live trading chatroom
• Live charts
• Live day trading signals 

CHATROOM TESTIMONIALS

For the month of May of 2015, we are offering a special 2 week trial period to CST Pro for only $99! This will gain you access to the daily letter, pivots, live day/swing trade signals, trading room, and screen share.  

This is an open offer to allow you the opportunity to try our group and see what we are about. Only serious traders apply. We have room for a maximum of 10 new traders. If you beleive you can find value in joining our group and services, please feel free to apply. See you soon and best of luck trading!

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RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS.  AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.

CST Emini SP500 Report:

Example and excerpt of ES analysis sent on 04/22/15 for trade day 04/23/15 through CST EMINI SP500 Report:

Thursday 04/23/15 Emini SP500 Chart:

Low: 2087.50

High: 2114.50

New traders can still take advantage of the $100 discount off the monthly trading subscription. If you have been on the fence before now is the time to take advantage of risking 6 ES points ($299) for opportunity to join our group, trade together, and learn in the process. Discount is locked in and can cancel anytime. Traders gain access to our AIM trading room where analysis and live trade signals are conducted in the ES, GC, CL futures contracts.  Traders receive a daily futures report on the emini SP500 with daily pivots, and day/swing trade recommendations on various commodities. If you follow us on Twitter or Facebook and like the color you have seen, you will love the subscription trading together.

Here is an example of a trade posted in the nightly email and how it is managed intraday:

Top of the screen is a short term chart based on short term signals. First signal was a short @ 198250 with a 4 handle stop. Next signal was @ 198350 with a 3 handle stop. 198350 short saw first target @ 198050 (1x risk), then stops moved to breakeven which was kicked out on the bounce to 198350 late afternoon.  198250 short saw first target @ 197850 (1x risk), stops lowered to entry and the runners were covered this morning @ 197350.

Bottom of screen shows longer term setups based on daily/hourly charts. First signal short @ 1982 with a 5 handle stop. Target 1 taken out @ 1977 (1x risk), target 2 covered this morning @ 197300. One left with a break even stop and a 1952 target.

Here's how it looked yesterday just after the close  http://stks.co/f0qsu

Coming into this week, tax day and a shortened holiday week was tricky. We had FRB chair pump the markets end of March into new highs reassuring investors of continued stimulus, only to see the NFP numbers double top the market and the rally get sold into.  The selling picked up with the March lows taken out, confirming a short term double top as it shook out longs and left buyers from the "stimulus" talk trapped.  This led to a breakdown on Friday with lows of 180725 going into the weekend.

On Friday our systems triggered many buy signals which gave opportunity to collect up to 32 handles from base hits during the day, however the market remained weak on Friday. Settling near the lows, this put pressure for a flush to take place going into Sunday. This was seen Sunday night with new lows down to 180325 before reversing higher. This triggered new buy signals at 180650 with a 5 handle stop for aggressive buyers.  Going into the cash open, the market had retraced up to 182375 allowing to lock in majority of profits and allow runners to work for a day on cruise control. The cash open was followed by profit taking seeing the market fall into lows of 181550 to allow intraday buyers an area to defend, which they did and pushed the market up to highs of 182800 to test the upper vol window. Profit taking led the market to run out of gas and see a shake down into the afternoon, falling down to 180825 to retest the overnight lows before seeing a squeeze up to settle at 182450.  Flushing intraday buyers, luring in shorts sub 1815 and squeezing 10 higher.

Monday 04/14/14 reversal off lows:

CST aggressive long signal @ 180650.

Target 1 181150, Target 2 181650 completed prior to the open to lock in 15 handles with runners. Target 3 was scaled at 182650 to lock in 20 handles and leave 1 contract on with a 1814 stop. Afternoon attempted to buy 4 more at 1818 only to see the market dance at the level too long, in turn scratching the position at 1818. Flush kicked out the overnight 180650 runner at 181400. On 6 contracts, 57.5 handles locked in. If one only bought 3 contracts @ 250 risk each total risk of 750, would have allowed to take tgt 1 181150, 2 181650, and 3 at 182650 to lock in 35 handles.

Buying the SP500 today with the market breaching the March 182350 lows to open at 1816 was not an easy task, nor was it impossible. The market provided opportunities intraday for longs to defend. The cash opened at 1816, followed by a squeeze through 1821 to establish a bullish intraday bias which was followed by a shakedown to the reversal window at 181275, offering buyers an opportunity to defend.  This new low and test of reversal window failed to continue lower, seeing a squeeze back through session highs and up to 182850 to test major resistance off the overnight highs of 1832. Failing to get through, the market retraced lower to retest the 181275 session lows which was followed by a small bounce up to 181950. This bounce failed to push through resistance and regain above 1822, seeing sellers take control (read post: Running out of buyers?) and take out the session lows to fall into 180725, squeezing out session longs and luring in late sellers below 181275.  This new low was followed by a bounce up to 181650, once again failing to push through resistance before falling back to 180950 into the close and settling at 181175.

With the market settling 15.50 handles from Thursday's close, actively day trading the SP still allowed to collect 32 handles on all LONG trades.  It is always more aggressive to go against the tape, however if risk is defined and reward opportunity is healthy, a day trader can trade any tape long or short.

Below is the AIM feed sent out to Chicagostock members.

Both peak highs in 2014 were made on NFP days and only 1 month apart. 

Below are videos on Chicagostock's day trading signals

Trading March 7th Non Farm Payroll Number:

Trading April 4th Non Farm Payroll Number:

Update: Runners see 1329.75 upside objective met. Adding 9.75 on top of 8.50 locked in. Total of +18.25. Runners don't always play out, but objective is to reduce exposure, take profits along the way, and allow runners to work where if they do, they pay as much as the first and second target combined.

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Yesterday's market action dropped into the 1320 support level with an intraday low of 1317.50 as the market squeezed out the downside. Overnight the trade was a long at 1320 and we have seen Thursday's lows hold providing oppurtunity to lock in intraday objectives on the top side at 1323.50 and 1325.00.  Two thirds of the trade is out and the runner is now doing the heavy lifting with a risk free stop at 1320 and an objective of 1329.75 on the upside. The market is trading very narrow as buyers are swimming upstream and sellers are fighting to break the market lower to close out shorts and lock in profits. 

On Tuesday there was a buy recommendation of 1271 with targets of 1278, 1285, and 1308.  The first 2 targets were completed intraday which allowed to take money and risk off the table by then moving stops to breakeven at 1271 for the last runner target of 1308 to be ran.  The third target or runners are always the gravy or cherry on top of everything as these give profits larger then the first two targets combined. Sometimes they work out, sometimes they don't. However to take out the greed, thought of "should I hold on, should I get out", taking money off the table along the way eliminates this and leaves a position that can continue to gain should the market continue to move in that direction.  On Wednesday the market ran up to 1299 and this was good enough to take off that 3rd target for a gain of 28 handles, totalling 44.5 handles.  Sure enough the market ran to 1308, however no complaints. 

Non Farm payroll numbers released this morning showing an increase of 243k jobs and unemployment rate of 8.3%.  This let the market to rip through 1330 into highs of 1336.75. Rewarding overnight buyers:

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