alright...back to basics

Ok, so I know its been like a year since my last blog post...but I've had a pretty big transformation of trading styles and trading vehicles. I pretty much only trade futures now a days...specifically the ES (S&P emini contract) and NQ (Nasdaq 100) contracts. If you are reading this and have no idea what these are, here is the Investopedia link to help you run down the basics.

http://www.investopedia.com/university/futures/

In the past months I have done this overhall of styles for a couple reasons, but mainly trying to keep adding tools to the tool box, while trying to operate under K.I.S.S....

Thanks to the internet I have had the oppertunity/luck to watch and follow some of the best and biggest traders in the world. You wouldnt believe how a big a tool things such as Twitter/other traders blogs have become for me. Up until a couple months ago before I discovered these select few traders that I followed live day after day...just cutting the market to shreds...I now feel like I was trading w/ blinder on this whole time. The gift these guys gave me was something that I had never come across in my journey to becoming a truly great trader. They showed me how the big boys look at it...how the big boys hit it perfect almost everyday, the gift of auction theory, and market profile.

Now I'm not going to go into how all that works...but these tools have truly shown me the light. I'm still fighting the learning curve, but I continue to improve everyday. My profit have slowed down quiet a bit because of the learning curve, and having to be way more patient, but I'm really starting to feel like I know exactly what the market is doing, and wants to do, and slowly my p/l is coming around as well.

I am going to start posting charts again as well...and if your on Twitter and want to follow me, as I do call out some of my high probability trades live...my handle is TRUmav. As a legal thing too...futures trading is highly leveraged, and highly risky if you dont know what you are doing, so dont do it if you cant afford to lose it.

A quick run down of key levels for NQ tomorrow:

1780 is key support...break of that would probably give 1755-1750 in the coming days...but until it really breaks, have to play bounces off it.

1786-87 is important, it also acts as support/res...the last couple selloffs have come when we have broke this area.

1791.5-92 is key...anything above this is bullish, and I only take longs. After this level, I just watch the order flow to scale out of longs, and enter shorts.

On the ES...we still need to test the big 1122 area...and I will have my short orders ready...more ES levels later