OEX Options and eMini Futures Trading Systems

OEX Options, S&P eMini and Russell eMini Futures

Sunday, September 30, 2007

Wednesday, September 26, 2007 -- If only every day were this easy!
Our system alerted members of a high probability advance on the OEX index. To increase the reward and lessen the risk, the entry was for Call options on a pullback to 712. Notice the chart illustrates this pullback to within a fraction of a point. Almost immediately, the OEX attracted buying interest and a +3 point rally followed.
The chart also illustrates the area where we suggested taking profits. It's nice to book +15% profits in 20-30 minutes. It frees up the rest of your day to relax!
On this day our members profited with Call Options.

Tuesday, September 25, 2007 -- It was an exceptional day of trading for members of OEXSTREET.COM
The morning started out with a crystal clear signal to enter the Russell eMini Futures and netted $240 per contract in less than 6-minutes !
We then went 3-0 on the S&P eMini Futures for a gain of +16.75 points (+$50/point).
We ended the day with an afternoon Call option trade that netted a small profit.
On this day our members profited with Call Options, S&P Futures, and Russell Futures.

Tuesday, September 18, 2007 - The market was caught by surprise today when the Federal Reserve not only cut interest rates, they did so by 50 basis points. The market always reacts violently to surprises, no exceptions.
We noted the 2.74% rise in the S&P 100 Index today. To get an idea of where the index is in relation to recent price action we look to the 60-minute OEX chart. Included for reference is the standard RSI indicator with the 70/30 Overbought/Oversold levels highlighted. Typically when the 60-minute OEX chart breaches either level, a retracement is seen prior to the extension of the trend breakout. The RSI closed at 78.49 today, breaking into this overbought condition. This is the highest reading since April 17, 2007.
Confirmations are a must for any successful trader. Specifically, a divergence between price and momentum can confirm conditions and increase the probability of a retracement. This has not occurred. We obviously need more time for this to develop but it is something we are paying close attention to. It would not be a surprise to see an exhaustive gap open which, in turn, triggers short-term profit taking from "smart money".
Try NOT to Predict what is going to occur, Rather be Prepared for what May occur.

Monday, September 17, 2007 - This is probably the most important week of the year as we learn where interest rates are headed. The outcome of this FOMC meeting will be the deciding factor that drives the market the remainder of the year.
On an intraday basis, our Key Levels guided members through the day. These levels are extremely accurate. In fact, the calculated intraday low was reported at 689. The actual low today was 689.05. Keep in mind these Key Levels were printed over 2 hours before the fact.
We encourage everyone to use OEX Street's Key Levels because of their significant ability to anticipate support and resistance areas. Knowing when to sell a position is probably the hardest thing a day trader faces. These Key Levels definitely remove much of the guesswork.

posted by OEX : 5:10 PM

OEX Options and eMini Futures Systems

Friday, September 14, 2007

Friday, September 14, 2007 - Weak Retail Sales figures triggered panic selling in pre-trading but cooler heads prevailed and the market immediately bounced to fill the gap. Another textbook opportunity developed approximately 1-hour after the open and members knew exactly how to prepare for the coming price advance. The 694 - 695 area was perceived as resistance. The OEX retraced approx 1/3 of this advance and convinced us it was time to position ourselves in Call options. The chart below illustrates how the market immediately moved higher and members were able to book profits heading into the weekend.
On this day our members profited with Call Options.

Tuesday, September 11, 2007 - This is a great piece of educational material that describes how we went from a losing situation in to a winning situation. Direct from today's member broadcast while holding a position in Put options:
"Though I do believe we're way overbought on the intraday charts this thing has legs. I like to look at Keltner Channels and we've not seen a pullback for several hours which is unusual and one of the reasons the trade was initiated. However, we must face reality and know when we've been beaten. Therefore, we're moving into Preservation mode and no longer interested in a profit. We're looking to salvage the trade.Looking to exit the trade at break-even. Obviously we need to see a pullback for this to occur. Otherwise, it appears the OEX is going to march higher, piercing our stop.OEX currently 684.55".
This is how successful traders execute positions. We didn't hang on hoping for the best. We realized it was time to get out and that's exactly what we did. The great part is that it allowed us to enter an after breakout with Call Options that was very successful.
On this day our members profited with Options and S&P (es) eMini Futures.

Monday, September 10, 2007 - We ended last week strong and started the new week even stronger. From today's member broadcast:
"I have to say it was an exciting day of trading! Heck, several days for that matter. Today's OEX set up was another "textbook" move. We kept positioning ourselves for the "What-Ifs" all day. Many people fail to understand what successful trading is all about. It's not about predicting what the market is going to do and when, it's about being prepared for any and all market activity. In other words, the market doesn't always trigger our trading signals. The reason is simple. The market wasn't ready for the move we were prepared to take. Notice how we adjusted down for our entry of Call options today. We weren't "chasing" the market; we were preparing for what could occur. The break above the 2-hour resistance at approx 11:30am central time was a key indication that the lows of the morning had been made and the least path of resistance was to the upside. What's even better is the pullback typically associated with these 2-hour breakouts. It too was perfect in that we positioned ourselves, 674.25 entry price, at nearly the swing low of 673.94. The market developed much more strength than I anticipated but that part doesn't matter one bit. What does matter is that we were prepared for an upside move and we targeted 678 as our ultimate exit point because there was a high probability of resistance in that area. It matters not to us that the market continued to move higher after our final exit. What matters is that we followed a predefined trading plan from start to finish and it worked flawlessly. You reach success by hitting one base hit after another. Not the occasional home run."
On this day our members profited with Call Options and S&P eMini Futures.

Friday, September 7, 2007 - We ended the week with another great set of trading results. Our "Hottest" trading system is based on the Russell eMini Futures. It completed its 8th Win In A Row on Friday with a gain of $310 per contract. With day trading margin rates of $1,000 / contract that's a fantastic rate of return. After this trade's profits were booked we moved on to an afternoon Put signal. It was about textbook perfect as you can hope for. We predicted early in the session that the 50% retracement on the OEX to 683 should mark the swing high of the day and we positioned members for the resulting decline. It was a great way to head into the weekend!
On this day our members profited with Put Options and Russell eMini Futures.

Thursday, September 6, 2007 - The morning started out fantastic today as members quickly secured $60 per contract traded in the Russell eMini Futures. The trade took only 12-minutes! That's a pretty good rate of return. We followed this gaining $150 per ES contract and we booked $100 on an OEX Call position. On this day our members profited with eMini Futures & Options.

Wednesday, September 5, 2007 - Within 6 minutes of the open this morning our members managed to lock in $260 per ER contract. Considering some brokers offer day trading margin rates as low as $500 that's a nice rate of return. On this day our members profited with Russell eMini Futures.

posted by OEX : 5:23 PM