Mini Russell 2000 Index

[ThingyMajiggy]

Hey all.

Has anyone ever traded this? I know of a few traders who trade pretty much JUST this and seem to be doing quite well, as far as I understand its not quite as liquid as the S&P, but still seems quite tradeable. I have never traded it, I was thinking of trying it out for a while and posting thoughts & analysis in here, as can anyone else who trades it, like the S&P500 thread.

Sorry if there is already a thread on it, I did a search but nothing came up. Delete this if there is.

Discuss away.

 

[ThingyMajiggy]

I can't seem to upload anything to ASF I have managed to get it up on my blog for those interested, I wanted to post a chart with some analysis on it, but its not working here(could only just get it on my blog). Must be something wrong with my net.

It seems like it will be not bad to trade, quite readable, some obvious buying and selling going on. Apparently it reacts before the ES, lets see Its a whole different world actually trading it.

 

[wayneL]

R2K is very tradeable.

I was a bit worried about it when it went from CME to NYBOT, but no worries at all.

Here is the image from your blog

 

[ThingyMajiggy]

LOL. Thanks wayne, fits like a glove

 

[wayneL]

LOL. Thanks wayne, fits like a glove

Lucky the glove is latex, eh? :

 

[ThingyMajiggy]

Lucky the glove is latex, eh? :

I'm just glad you have a glove

 

[ThingyMajiggy]

well last night we had another big drop, after an initial up move early in the session like I thought going off the end of fridays session, can see the demand dry up though on the up move early on, started to push down, there is possibly some buying at the end of the down move, huge volume on the down bar(im looking at a 27 minute chart). consolidating ever since, as per usual in the globex session, we are drifting up towards resistance at 600, the TF is pretty much identical to the ES, I think the resistance is 1070 on the ES, nearly bar for bar is exactly the same. will need to see how we approach it, need to see effort to push through it, or high volume up bars closing in the middle, something like that, followed by signs of drying up demand. I am having a few issues lately with uploading anything to the internet, otherwise I would have charts to put up here to make things easier, but its not working, dunno what the problem is and my daily charts are playing up, the data is coming through correct, so bear with me while I sort the issues out.

anyone else that has anything feel free to post it up, is anyone finding this interesting anyway? I'll stop if no one is following it, thought it would be good to follow/trade/study a market together.

 

[ThingyMajiggy]

potential buying coming in on the 9 minute, just had a slight pull back from weak up move, high volume down bar just about to close, see if it responds

 

[ThingyMajiggy]

mmm up bar, volume not impressive though, still, close is good, see if we get a down bar on less volume, test like.

haha I should probably shut up, bar by bar analysis.

 

[ThingyMajiggy]

weakness indeed, thought the volume was a little too low, wide spread down now. support around 592ish, if it breaks 594. see if more buying comes back in.

I'll shut up now, unless people want me to keep going.

 

[Timmy]

Just speaking for myself Sam it is is difficult to keep track of your analysis without the charts. Any luck with getting them working?

 

[wayneL]

weakness indeed, thought the volume was a little too low, wide spread down now. support around 592ish, if it breaks 594. see if more buying comes back in.

I'll shut up now, unless people want me to keep going.

I'll play. But might be a bit scarce for a bit while I move house.

 

[ThingyMajiggy]

Just speaking for myself Sam it is is difficult to keep track of your analysis without the charts. Any luck with getting them working?

Yeah I know, sorry Its a pain, I can't seem to upload anything, anywhere, it just disconnects my internet, it has been working fine in the past, just lately its playing up, I have sent my ISP an email, but no reply yet. I'll keep trying.

I'll play. But might be a bit scarce for a bit while I move house.

Great, hope the move goes well

Was indeed buying at 594, had a shakeout type bar, then no supply and a narrow spread down bar, all signs of an up move coming, 2 high volume up bars since, looks like a test just completed now, pushing up to 596, interesting to see where this bar closes, looks like a successful test at this stage but not a great looking bar, upthrust, hasn't closed yet so will wait and see.

 

[Joules MM1]

.....not a big fan of hindsight posts and opines.....an exception... this guy has a nice presentation and is an income trader......

http://tradermike.net/2009/10/october_26_recap_on_double-top_watch

 

[ThingyMajiggy]

.....not a big fan of hindsight posts and opines.....an exception... this guy has a nice presentation and is an income trader......

http://tradermike.net/2009/10/october_26_recap_on_double-top_watch

you implying I make hindsight calls? pretty much all of my hindsight posts are simply explaining what I saw, hence the paragraphs all over my screenshots, I don't have the time to write that live whilst trading.

if you follow my blog at all, you will also see that I set a target for the ES of 1090-1100 back in August and September, I said that we would find some resistance there and to watch for possible supply coming in, as far as I know, that isn't hindsight. I also made some foresight calls in the XAO thread I think it was.

if I could figure out a way to post live thoughts, then I would, but trading the timeframes I trade, its near on impossible to post what I think is going to happen next as by the time I'm finished explaining it, especially without charts, the move has happened.

Trader Mikes blog is very good, yes.

 

[Wysiwyg]

Step a) Print screen -> Open Paint -> Click on View -> Click on Paste = Screen Shot

Step b) Click File -> Click Save As -> a window will open with the path to save -> up top of window Save In: Pictures -> down below window Save as type: JPEG (*.JPG,*.JPEG,*.JPE,*.JFIF) -> File name: untitled

Step c) The Screen Shot will be saved in Pictures Folder so when loading with the Manage Attachments (down below here) Browse to Pictures and click on the Screen Shot you have saved there.

It`s not an ISP prob. Unless you're on dial up but then that would make trading indices real difficult.

 

[ThingyMajiggy]

Step a) Print screen -> Open Paint -> Click on View -> Click on Paste = Screen Shot

Step b) Click File -> Click Save As -> a window will open with the path to save -> up top of window Save In: Pictures -> down below window Save as type: JPEG (*.JPG,*.JPEG,*.JPE,*.JFIF) -> File name: untitled

Step c) The Screen Shot will be saved in Pictures Folder so when loading with the Manage Attachments (down below here) Browse to Pictures and click on the Screen Shot you have saved there.

It`s not an ISP prob. Unless you're on dial up but then that would make trading indices real difficult.

Thanks for the detailed instructions, but I do know how to actually upload the pic, its a problem with my ISP or something else, some settings maybe have mixed something up somewhere, I have been uploading pics for months on my blog, its only just stopped working recently. I have been trying to fix it, I think I may have found a solution, there are 3 computers going into a network hub and it must be one of the other computers messing things up, because if I unplug everything except mine out of the network hub, it SEEMS to be working. It just worked on my blog anyway.

Thanks anyway

 

[Wysiwyg]

US$100 per point. Sheesh, good incentive to get the trades right I suppose.

 

[wayneL]

US$100 per point. Sheesh, good incentive to get the trades right I suppose.

$10 per tick though. It's just like playing with ES 'cept a bit more volatile.

ATR is about 12 points = 120 ticks atm.

 

[ThingyMajiggy]

Its nearly exactly the same, bar for bar, as the ES. Just worth more per point as it moves in 0.10 increments, not 0.25 like the ES.

Isn't it funny how things happen as soon as you exit, or leave your screens? I went in for a quick long about 45 minutes ago, wasn't moving much so I got out B/E, as soon as I did, up it shoots. Go figure. stay in sam, stay in!