Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

Recommended Posts

CYP    10

CYP
Posted
I could be wrong of course and ach, but it's always worthwhile bearing in mind on a reversal.

 

I love Josh's "...ACH" caveat...very pertinent. Tom's "...the enemy is me..." quote is also right on the mark.

 

Fun day to see where we go from here...I probably need to go buy a helmet so I can join Tom. :)

 

CYP

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
I love Josh's "...ACH" caveat...very pertinent. Tom's "...the enemy is me..." quote is also right on the mark.

 

Fun day to see where we go from here...I probably need to go buy a helmet so I can join Tom. :)

 

CYP

 

LOL..I'm looking into used Fallout Shelters...need to upgrade... :rofl:

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted (edited)

88.50 - 89.00 is where cheap stops should be..that is where I am going to initially stalk long... :helloooo:

 

tested 88.50..long 89.50 helmet on...

 

EDIT: If it breaks down further I will dump these & position at next area down 85.75 - 86.50

Edited by roztom

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
88.50 - 89.00 is where cheap stops should be..that is where I am going to initially stalk long... :helloooo:

 

tested 88.50..long 89.50 helmet on...

 

EDIT: If it breaks down further I will dump these & position at next area down 85.75 - 86.50

 

If this bum holds it together I am going to scale @ just before HOD and then will target 94.00 area ..very long shot 97.00 - 98.50..

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
N: What do you make of that drop in Delta that just happened?

 

Not much. I think someone might have been getting cold feet. Possibly a broker executing? Dunno. I think though, if it hits the 27.2% IB ex and it's weak, it doesn't get back up. ach

 

Edit: Plus I forgot to mention that the drop wasn't much in relative terms.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

JOsh: I want to revisit our conversation about yesterdays low not being a good low..which was a good reason to think it would get tested... now todays - well tail of the tape......

 

Hindsight being 20/20 I fixated on the NVPOC 77.00 and disregarded the single @ 80.25for another scale..I cost myself big and it was right there in front of me...

 

That is the stuff that drives me nuts.. IT's one thing not to know this stuff but the worst is when it doesn't register eventhough I'm looking right at it...

Share this post

Link to post
Share on other sites

CYP    10

CYP
Posted
Well I've got a good scale out so I'm now targeting before the CLVN @ 94.25... Then a runner for 97.75 naked close + NVPOC98.50 - the Hail Mary Pass....

 

Yes...the classic "hail mary pass" trading technique... You are really digging deep, Tom. I love it!!! :)

 

Still holding from my poor 90.5 long entry...but oh well, at least I'm on the correct side of the market (for now)...

 

CYP

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

The question as of 12:17cst is wheather we are going to rotate around this upper balance area or sit up here.. we don't have any kind of a decent high yet but we are heading into the lunch potential counter-rotation time of day...

 

However, The market structure doesn't necessarily lend it to much rotation at the moment but ACH - right...

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

:(This thing is tall & skinney - typical trend day.. that rotation we had was a reach... 88.50...this is primed IMHO but I might be drunk with Long Fever...

 

We're bumping up @ CHVN 92.25 but IMHO it is not much of a barrier also it's Tuesdays low..so we should pause here...

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
:(This thing is tall & skinney - typical trend day.. that rotation we had was a reach... 88.50...this is primed IMHO but I might be drunk with Long Fever...

 

We're bumping up @ CHVN 92.25 but IMHO it is not much of a barrier also it's Tuesdays low..so we should pause here...

 

It's also the 38.2% IB ex and 50% of the weds/thurs gap...

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted (edited)
It's also the 38.2% IB ex and 50% of the weds/thurs gap...

 

This 93.00 we just put in had a reasonable rejection... I considered pulling the trigger on part of my position..this is a bit testy since I have a plan, etc but now it will rotate..the problem of course - how far ..If I sell and we have a shallow rotation I give up potential location - if this is it then I am going to watch open trade profits evaporate..just the issue that always stalks....

 

The 94.25 CLVN is a important number plus the low of the gap.. it is difficult for me to think it won't get tested... that is the dividing line IMHO... :2c:

Edited by roztom

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

Yesterday's high was 90.75 as was last 30mins low meaning we would prefer to stay above for the ol' "one time-framing" to persist(I know it took it by a couple of ticks on the rotation to 88.50 but like Tom suggested, that could have been orchestrated anyway). Coming up on the hour, could be an important point.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted (edited)

I really don't want to see 88.25 again... but based on structure this rotation "could be about it" give or take a few ticks to 89.00 area again..

 

Since I scaled 1/3 of my position I am going to see how we behave here and potentially put it back on... sine I have taken some risk off the table... will see..

 

Edit: I didn't get enough of a pullbk to add..i thought 90.00 would get ticked and I got another buy at 91.25 but not enough room with next target close & risk out of whack..imho... so just hanging out with my next scale 93.50... then Hail Mary pass..

Edited by roztom

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing

  • Similar Content

    • Quantower
      Trading with Power Trades tool on ES and NQ futures
      By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • makuchaku
      Volume profile analysis of SPY for 2019
      By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • TraderJoe
      Volume Profile NT8
      By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards

  • Topics

  • Posts

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept