Live Futures and Stock Trading Chat Room at Justin.TV

Stop by the Trading Room. I host a live trading group of mainly ES, Crude, Gold,  and momentum stock Traders. Anyone is free to join, but we have mods who don't hesitate to ban people who don't take trading seriously.


Watch live video from High Probability Trading on Justin.tv

Live Futures and Stock Trading Chat Room at Justin.TV

Stop by the Trading Room. I host a live trading group of mainly ES, Crude, Gold,  and momentum stock Traders. Anyone is free to join, but we have mods who don't hesitate to ban people who don't take trading seriously.


Watch live video from High Probability Trading on Justin.tv

Live Day Trading Video- The Dummy Trade setup explained

I had several picture perfect trade setups executed according to plan today. Here's is how it worked.
1.My automated trade system generated a sell signal on the Dow (DIA).
2.I found a trending stock that was trading above average volume and showed a negative divergence against the major market.
3.I confirmed I had a sell signal on the stocks I was monitoring and I went short with a stop and targets to scale out.
4.I exited the trades at the low of the day with a confirmation from my automated trade system giving a buy signal.


Watch live video from High Probability Trading on Justin.tv

Short Setup #1- Automated Sell signal from the Dow (DIA= DOW ETF)

ILMN- Break of 1st hour lows and trending down on above average volume with confirmation trade signals.


MED- GAP down and break of 1st hour lows and trending down on above average volume with confirmation trade signals.

These 2 stocks are perfect examples of the IDEAL DUMMY STOCK TRADE SETUP- A gap lower and break of the morning opening lows within the first hour. I had confirmation sell signals until the market reversed at 12:30pm EST.

For more information on DUMMY TRADE SETUPS, MaoXian offers many examples. Although his website is down, you can still view the old posts on this cached website. Also checkout Trader Mikes post on Dummy Trading.

Live Day Trading Video- The Dummy Trade setup explained

I had several picture perfect trade setups executed according to plan today. Here's is how it worked.
1.My automated trade system generated a sell signal on the Dow (DIA).
2.I found a trending stock that was trading above average volume and showed a negative divergence against the major market.
3.I confirmed I had a sell signal on the stocks I was monitoring and I went short with a stop and targets to scale out.
4.I exited the trades at the low of the day with a confirmation from my automated trade system giving a buy signal.


Watch live video from High Probability Trading on Justin.tv

Short Setup #1- Automated Sell signal from the Dow (DIA= DOW ETF)

ILMN- Break of 1st hour lows and trending down on above average volume with confirmation trade signals.


MED- GAP down and break of 1st hour lows and trending down on above average volume with confirmation trade signals.

These 2 stocks are perfect examples of the IDEAL DUMMY STOCK TRADE SETUP- A gap lower and break of the morning opening lows within the first hour. I had confirmation sell signals until the market reversed at 12:30pm EST.

For more information on DUMMY TRADE SETUPS, MaoXian offers many examples. Although his website is down, you can still view the old posts on this cached website. Also checkout Trader Mikes post on Dummy Trading.

Live Trading Video from this morning with NYSE A/D Trade Setup Explained

Watch live video from High Probability Trading on Justin.tv

We opened the day with a Gap Down and selling in Europe and Asia. My Hypothesis for the day was to gauge market internals and look for short setups. With regards to Market Profile, I was looking to short Value Area High with a target set to at least VWAP or VAL depending on volume and TICK readings. I call all my trades live everyday. I reviewed this mornings trading and saw what I did wrong. I exited my trades too soon. I should have scaled out of half and given more patience for the other half of the trade, leaving my original stop in place. Today should have been a big profit day, but instead I ended up with average profits. On the bright side, I learned something and there is always tomorrow for work to be done.

Live Trading Video from this morning with NYSE A/D Trade Setup Explained

Watch live video from High Probability Trading on Justin.tv

We opened the day with a Gap Down and selling in Europe and Asia. My Hypothesis for the day was to gauge market internals and look for short setups. With regards to Market Profile, I was looking to short Value Area High with a target set to at least VWAP or VAL depending on volume and TICK readings. I call all my trades live everyday. I reviewed this mornings trading and saw what I did wrong. I exited my trades too soon. I should have scaled out of half and given more patience for the other half of the trade, leaving my original stop in place. Today should have been a big profit day, but instead I ended up with average profits. On the bright side, I learned something and there is always tomorrow for work to be done.

Who is HPT?

Hi, I go by the name of HPT. I live in California and I'm a full time trader.
I've been trading stocks, futures and options for years.
I primarily day trade stocks and stock futures such as ES, YM, and NQ.
I also day trade bond futures ZF, ZN, and ZB.

I use QuoteTracker and NinjaTrader for my charting software, Zenfire as my data feed for futures, and Interactive Brokers as my stock data feed and broker. I'm also using NinjaTrader to backtest trading ideas for my automated trading system. (learn about the free automated trading system I setup with Quotetracker)

I run a live trading channel where you can see me trade live and where you can chat with several other traders-

Justin.tv HPT Trading Channel



Ustream.tv HPT Trading Channel (Ustream channel is inactive currently)


For trading I use two 22 inch monitors and a fast computer. To read more about my setup checkout My Chart Setup.



I have several trading techniques that I use for day trading that I go into great detail on my "High Probability Trade Setups" post.



I also have recorded videos of my live trading and put them on my youtube channel.

Who is HPT?

Hi, I go by the name of HPT. I live in California and I'm a full time trader.
I've been trading stocks, futures and options for years.
I primarily day trade stocks and stock futures such as ES, YM, and NQ.
I also day trade bond futures ZF, ZN, and ZB.

I use QuoteTracker and NinjaTrader for my charting software, Zenfire as my data feed for futures, and Interactive Brokers as my stock data feed and broker. I'm also using NinjaTrader to backtest trading ideas for my automated trading system. (learn about the free automated trading system I setup with Quotetracker)

I run a live trading channel where you can see me trade live and where you can chat with several other traders-

Justin.tv HPT Trading Channel



Ustream.tv HPT Trading Channel (Ustream channel is inactive currently)


For trading I use two 22 inch monitors and a fast computer. To read more about my setup checkout My Chart Setup.



I have several trading techniques that I use for day trading that I go into great detail on my "High Probability Trade Setups" post.



I also have recorded videos of my live trading and put them on my youtube channel.

HPT Trader Live Trading September 19 2008

Skip ahead 18 min to see trading at the open.

Today futures went limit up. A day many traders have never seen before. Here's my trading from the open. Sound doesn't come in for video until around 10min. The Chart isn't frozen on ES, ES FUTURES ARE LIMIT UP!!! Skip ahead 13 min to see other charts.



Streaming live video by Ustream