Category Archives: Blog

On The MiM

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Right down the middle for the symbol count yesterday kept me out of the closing trade.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
Total   1.88 -- --

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

 

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First signal in May that evaporated when the the symbol % number moved below 66% at 3:20pm ET.   A kind of short spring shower.  It netted me +2 points on an ES trade.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
Total   1.88 -- --

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

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If that doesn’t just explain it all.  A tight +/- 0.8 range on the close and the meter going all red and green striped.   There is no movement so far in May.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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Should we call May the big tease?  Another Maxwell Smart MiM, missing by just that much.   I need a greater than 200MM read on the imbalance before 3pm.  It didn’t happen until the end and that last minute surge did move the market, but I don’t ride that way.  I am patient and wait for my chances.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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Teased again by the May Day MiM.   I need 200M to make an entry and we were building up nice for a 3:20pm entry, but oops... evaporation and deflation and down that buy-side advantage went.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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I have been trying to trade the MiM mechanically.   I was hoping that by the anniversary of this indicator I could be only a mechanical trader.  That requires me to sit down behind the computer, pay attention and trade without really thinking.   That is 3 requirements that I can’t keep 100%.  I don’t always have control over my time (yesterday I was a couple minutes late, a lifetime in computer cycles), paying attention? (enough said on that) trade without thinking?  I think you see the problem.   So my results don’t match the mechanical ones below.

For instance, I took the trade at 3:00pm yesterday.  Long at 1877 on the June contract.  There was no mechanical entry according to our chart above, at 3:00pm it was 64/63%,  that is below my threshold.

The next entry time was 3:20pm, again no entry yet I continued to play my trade.  My story ends positive - the MiM charts end up without a final trade for April but all that being said, April was a good ride for the MiM and May will be my anniversary month which last year (I only had access during the last two weeks) was a pretty darn good ride during turbulent times.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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Absolutely nothing on the MiM.  Worth watching today to see if the institutions are in the “Sell in May” crowd.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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MiM below my threshold again yesterday. 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


On the MiM:

 

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Symbols favored the sell side of the book but some large buys on banks going into the close with Citi at $150M and JP Morgan at $140M.  That threw the meter into a divergent outcome.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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No-Show MiM yesterday.  Look how tight that close was, +/- one point. ZZZZzzzzzzzz

 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20) -- --
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM