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TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

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goodoboy    10

goodoboy
Posted
Looks like you got it! But why did you get long at 43.00 and why were you looking for 45.00?

 

Yes, got out at 47. hahah I was looking at 45 cause your chart showed resistance there.

 

I went long, cause pre-market support was at 42 for a long time. So, I waited til market open and at first sign of push higher, i went long. 43 is the entry i got. The long was in hopes of 45 not holding.

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TheNegotiator    13

TheNegotiator
Posted
Yes, got out at 47. hahah I was looking at 45 cause your chart showed resistance there.

 

I went long, cause pre-market support was at 42 for a long time. So, I waited til market open and at first sign of push higher, i went long. 43 is the entry i got. The long was in hopes of 45 not holding.

 

Fair enough. Worked out pretty well for you then playing the singles fill! I would have preferred an entry closer to 41.50 overnight session support though. Either way you got paid and the entry price you took could still have been valid if you took it after the RTH low had been put in (not pre-open).

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TheNegotiator    13

TheNegotiator
Posted

So building permits (11.6% exp 1.1%) and housing starts (15% exp 2.7%) beat convincingly. IBM (3.62 exp 3.61) and INTC (0.58 exp 0.49) beat last night. BAC beat (0.00 exp -0.06) but again not way out of line. Notably KCG (Knight Capital) missed (-6.30 exp -2.41) (kinda lol :\ ) IBKR (Interactive Broker s) did too (0.30 exp 0.35) (lol). Crude inventories due later. Spain still not requesting a bailout and Moody's happy they are still investment grade for now.

 

Anyway, here's a chart and we'll see if we like the upper development again today :) :-

 

attachment.php?attachmentid=32100&stc=1&d=1350479613

 

attachment.php?attachmentid=32101&stc=1&d=1350479610

2012-10-17.thumb.jpg.5144e800a60a2eba643afaec28c27ea7.jpg

2012-10-17_2.thumb.jpg.a0570efaea6d168eccc1e693356ef0b7.jpg

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TheNegotiator    13

TheNegotiator
Posted

Today we've had a worse print on Initial Jobless Claims (388k exp 365k) and we have Leading Indicators (exp 0.2%) and Philly Fed (exp 1.0) later. Big one for earnings is Google after the close.

 

Chart from yesterday:-

 

attachment.php?attachmentid=32135&stc=1&d=1350564943

2012-10-18.thumb.jpg.090281ef6280a068b1b8c19d1155a267.jpg

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bakrob99    11

bakrob99
Posted

This GOOGLE earnings miss points to a MUCH lower NQ down to 2664. Not necessarily today. I don't mean its going straight there ... but there NQ is showing signs of needing to go lower to find more buying interest.

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TheNegotiator    13

TheNegotiator
Posted
This GOOGLE earnings miss points to a MUCH lower NQ down to 2664. Not necessarily today. I don't mean its going straight there ... but there NQ is showing signs of needing to go lower to find more buying interest.

 

Yeah it's pretty much nailed it since coming out. I wonder if the NQ was weak the last few days in anticipation...

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bakrob99    11

bakrob99
Posted (edited)

NQ missed gap fill by 2 ticks ... GOOG halted. Interesting. ES needs lower prices IMO .. looking for 1449 and then we'll see. Best short I could manage in NQ was 2749 which is working nicely ...

 

 

UPDATE: trade up 20 pts up and I am out ...

Edited by bakrob99

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TheNegotiator    13

TheNegotiator
Posted (edited)

Google's (9.03 exp 10.66) early earnings release debacle yesterday sent NQ tumbling but ES held up pretty well in its high volume zone. GE (0.36 exp 0.37) missed today and pretty much all other earnings are out already. Existing home sales (exp -2.5% from 7.8%) is due out at 10am ET. Fed's Lacker is speaking at 12:35 ET. EU summit has agreed to put in a single Euro Banking supervisor next year. So the question for today is are we going to be stuck in the mud or is NQ going to drag us down? Given it's already moved I'd question whether it will continue weakness today based on Google alone. That's not to say I don't believe it can move lower though. Also there is the chance buyers could step in in the NQ and that could act as a catalyst for the ES to test the extremes of the current balance profile. My overall feeling is that we could well just trade around the upper development of the distribution and wait for more information next week. Watch for signs on open. Remember that Fridays have recently been 1 or 2 more days and keep your cool going into the weekend ;)

 

Here's a chart:-

 

attachment.php?attachmentid=32183&stc=1&d=1350652325

2012-10-19.thumb.jpg.f925e668a7c1293f694cbec7a9aba0b1.jpg

Edited by TheNegotiator

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TheNegotiator    13

TheNegotiator
Posted
NQ missed gap fill by 2 ticks ... GOOG halted. Interesting. ES needs lower prices IMO .. looking for 1449 and then we'll see. Best short I could manage in NQ was 2749 which is working nicely ...

 

 

UPDATE: trade up 20 pts up and I am out ...

 

Nice one !

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