We don’t often show off how well the collective intelligence of our Trading Room calls market moves, but we really are good. So maybe we’ll put modesty aside. Here’s what happened this morning and it’s pretty typical.
These are the real-time tweets we sent out to our nearly 17K followers on @MrTopStep. We shared even more in-depth info in the MrTopStep Trading Room.
At 9:52, with the Emini S&P 500 (ESU14:CME) hesitating, I told the room:
09:52:16: (driley) my gut tells me that the ESU is back and filling again and that we ram the buy stops on the upside at some point
09:52:59: (driley) 41-43 big but we go 1941.70 bid I bet we trade 46-48
At 10AM CT, as the Emini S&P broke above a trendline, I tweeted the same: “Traders I think if we go 1941.70 bid we will rip through 1943 and up to 1946-48,” adding:
MrTopStep
10:03am via TweetDeck
And no way has everyone covered…
S&P buy stops = index arb buy programs
You can take it from there!
As the S&P (SPU14:CME) rallied, I added:
10:15:09 (driley) MrTopStep tradong Rule 101 : No Stops Go Untouched in the S&P 500 futures
and tweeted:
MrTopStep10:04am via TweetDeck
Remember – when everyone has the same levels the algos will attack…
We even warned our members and our Twitter followers to take profits and exit when the run looked over and unlikely to go the full distance to 1946-48:
MrTopStep11:09am via TweetDeck
11:00 sell program / NY lunch time
So there’s a sample of how we work in our trading room and how we advise our Twitter followers. I haven’t shared the smart insights from the other pros in the room. I wasn’t the only one calling it (as I said). It boosts everyone’s confidence to know that traders using different methods all arrive at the same conclusion. That’s how you know a trading idea is good. We don’t believe in trading rooms led by one master “guru.” Though we certainly have plenty of members who qualify.
So follow us now on Twitter (@MrTopStep) to get insights like this every day while you trade. Or try our IM Pro trading room and join the best online group of professional futures traders anywhere. Really, come see for yourself and we’ll refund your balance if you’re not satisfied. We’re that good.