Clowns ES Daytrading Journal

Quote from Wrongside:

As soon as I said it was range bound, we spiked. It works every time. Nice job.
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FOMC minutes leaked??? Has to be something news based.

Maybe they were acummulating in that congestion zone all along. That trade has turned my day around atleast.

Financials lead the way again, i did say earlier when big financials were turning green. I have been watching financials lead ES many times in last couple of months. If they are making a move ES usually drags down or up with them but Financials always seem to lead.

Again i have no stats on this just something i have been paying attention to.

Going to grab some lunch and hoping for some nice action this evening. I was expecting a decent sized bounce as previously posted but that was based completely on Market Profile. Hoping for another dip to maybe get long again.
 
they are just 'walking up' the price to run stops...

before FOMC minutes come out, the higher the price, the better the initial price is on fills for the gap... down.
 
Quote from Spectre2007:

they are just 'walking up' the price to run stops...

before FOMC minutes come out, the higher the price, the better the initial price is on fills for the gap... down.
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Big boys hitting stops and creating liquidity to blast it down after minutes released. I would love to know how some of the real big players trade the ES, i have recently been reading quite a lot about Fixed Income groups and Arb desks - find it fascinating how those quants keep coming out with new derivatives.

I mean when they blast the price upward like this running stops and creating liquidity - do the start accumulating at the higher price immediately. Is it more of the Buy 2 Sell 1 here?
Im sure its all algo driven - just wondering how they work.

If they want to accumulate a nice short position up there then who is holding up price - is it all the retail and shorter term players jumping aboard to get a piece of the action? Or does the algo artificially keep the price up there until they have finished accumulating.



I personally view all spikes on my market profile (especially EOD spikes up or down) as great trading opps as they will retrace due to the limited time frame participation no way are all time-frames involved in the move.
 
Quote from ESclown:

Long at 51.25.

Target is 55
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Out at 54 for 2.75.

Risked 1 point on that trade - closing out early due to news coming out so i dont feel comfortable.

Was expecting test of HOD however.
 
Got fat finger blasted on a short at 52.75 which was stopped.
Lost a bunch of dollars firstly with the accidental short at 52.75 then next one at 53.75.

Now short from 53.75 stopped 55.75.

Last time i play a new announcement.:D

Short again at 55.75
 
Just to update this while i look away from the sceens.

That was terrible trading by me which i have no excuse for.

Lost 2.5 points on 1st short - which was fat finger mistake (still can't use that as an excuse)

Lost 2.0 on the 2nd short.

Then failed to bank at 1349 which would be 6.75 points from my last short at 55.75.

Therefore, i have given back a chunk of my gains for the day.
Was up 9.75 points before news and now up 5 points.

Still have last short on but will most likely get stopped on that very soon.

I have to stop trying to play news hoping for some big gains. Fear and Greed and damn Greed got the best of me there.
 
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