Can someone please explain to me the price action of the NQ/ES right before the open

Quote from wrbtrader:

Trade Management is key.

Therefore, I hope you locked in some profits when you were "in the money" or you re-enter the Short position when it rolled over again around 0950am est after being pick pocketed.

By the way, I didn't see anything unusual with the volatility especially with (comparing) the way the price actions have been behaving the first 45 minutes (price action moving upwards) of trading the past few days.

Yet, if I were to ignore the overall market context of the week and got tunnel vision on today's first 30 minutes only...I would have thought the Emini ES/NQ futures were just attempting a regular session GAP fill and then failed...soon afterwards heading back downwards.
More...

Had a stop in by sadly didn't realize the stop was for RTH. Cleared a bit but still an extremely rattling way to start the day

I cannot argee more with trade management is key. Thats something i need to work on
 
Quote from AAAintheBeltway:

We are in a bull market.

Anyone who has read Reminiscenses of a Stock Operator knows that is the complete answer.

One of the most basic rules in a bull market is to buy any down opening.
More...

Clearly need to revisit what was written a century ago...
 
Quote from spanish89:

No-one on here can answer it.


It was fucking annoying tho as i was/am also heavily short the dow.

The only possible things i can think of is hundreds of billions of Japanese money wanted to get in fast.
More...

That would make a shitton of sense

Fuck abe
 
Quote from AAAintheBeltway:

We are in a bull market.

Anyone who has read Reminiscenses of a Stock Operator knows that is the complete answer.

One of the most basic rules in a bull market is to buy any down opening.
More...


LOL no shit!

I always hear Livermore ringing in my ears everytime "but its a bull market"

Another thing Livermore said was that sometimes the leaders will change. And that is what we are seeing now with the XLV XLY continually ramping the market higher, regardless of what the old leaders such as XLF and XLK are doing.
 
Cash leads futures, period. The pre-mkt dip buy wasn't manifest until the day-session began. The Fed is not a buyer of common.
 
This market is EXTREMELY WEAK AND VUNERABLE NOW tho due to how extremely over-elongated this move from 12,900 has become!! :D :cool: :p

I have built a huge short position already by scaling in shorts between 14,786 and 14,869,
and so as soon as the market drops merely 1% and touches 14,702 i will make an entire month's salary instantly!! :)
 
Quote from spanish89:

This market is EXTREMELY WEAK AND VUNERABLE NOW tho due to how extremely over-elongated this move from 12,900 has become!! :D :cool: :p

I have built a huge short position already by scaling in shorts between 14,786 and 14,869,
and so as soon as the market drops merely 1% and touches 14,702 i will make an entire month's salary instantly!! :)
More...

lol how many contracts are you holding short?
 
Quote from etfarb:

I was in a trade last night. My system told me to go short the indexs last night so i did. Woke up this morning, checked the P&L was in the money, great way to start the morning. Shit data comes out on bloomberg not just in the US but all over the world, even better for someone like myself who was holding some contracts short.

at 9:28 this morning, RIGHT BEFORE THE OPEN, literally both indexs rally with strong velocity back to their previous closes almost. Can someone please explain to me what this price action is all about?

Was this market makers trying to shake out all of the stops on the shorts or trying to shake out all of the shorts for that matter?

I thought the saying was Stairs up, Elevator down. Today was Elevator up, stairs down....

Any insight into this is reall appreciated
More...

it rallied, the target was not the previous close, but the pivot point.
 
The concept of "an entire month's salary" as a metric is new to me.

Quote from spanish89:

This market is EXTREMELY WEAK AND VUNERABLE NOW tho due to how extremely over-elongated this move from 12,900 has become!! :D :cool: :p

I have built a huge short position already by scaling in shorts between 14,786 and 14,869,
and so as soon as the market drops merely 1% and touches 14,702 i will make an entire month's salary instantly!! :)
More...
 
You must log in or register to reply here.
Back
Top