Collection Of Intraday Patterns For The ES Market

Nice contributions so far. Keep `em coming, guys and gals :)

As I wrote in the topic, I`m interested in idiosyncrasies and tendencies for the ES market in particular.

Most books on chart patterns start with the pattern and then they seek out whichever market confirms their hypotheses.

I am interested in working this out from the opposite direction.

Identify patterns that repeat themselves in the ES market, learn to recognize them and trade them.

As Handle123 says, "Some will say price action is price action, but each instrument does have it's own personality. What works well in ES, might not work well in a running market like Crude Oil." :)
 
Failed Triple Bottom

This pattern illustrates the importance of waiting for confirmation, especially during a slow period of the day.

When price first penetrated support @ 1317, buyers entered and managed to close price @ support, not above. Still it`s too early to enter a long, as it was price`s first shot at that level.

Following on the next bar, we had a weak close above 1317, but we still had not bounced off the level. Hold your longs for now.

On the next bar, we once again dipped and closed below 1317.

On the next bar, price fully penetrated 1317 and closed succesfully below.

This was the confirmation needed to enter a short with a stop above the tail of the previous bar.
 

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Quote from jack hershey:

Nice comment.

I do what you suggest. First and foremost I stick with one pattern and it has served me well since 1957. the parallelogram always works for defining the markets offer. I like the combination of three moves in a pattern that have four coresponding volume movesl leading price.

I like that parallelograms overlap and just how they overlap.

this makes me a proponent of following a fixed order of events and as a consequence always "knowing that I know".

My risk is small and I take what the market offers.

For me, I am always in the market and always on the correct side. I use the parallelogram to make this possible.

I do not use stops for two reasons: first, I know that I know and second, when a person trades at a multiple of the market capacity it is not possible to use stops as a trading strategy. The strategy that replaces stops is a partial fills strategy.

In trading, the entry/exit approach does not apply to expert trading whereby the market's offer is being taken. The more compelling strateg is one where hold/ reversal is used. Profit in either case is made in profit segments. the limiting case for taking profit segments is linked reversal trades. Some people do not cotton to the fact that the market is always trending; I happen to and I find that there is always a correct side to be on to make money.

For me a reversal is a two part thing. It is an exit as well as an entry in the opposite direction. For me, volume leads price and a trade price. I trade as if there is a zig zag chart being displayed for me.

To assure that volume is understood as an event based type of observation, I use Pro Rata Volume as a shadow on each volume bar. this menas that immdeiately upon open of each bar I know the volume that the bar will ened with. Id either a peak or trough is indicated, the price will make a turn sometime in that bar formation. Thus I carve the turn.

To specifically do the carving I watch other leading indicators of the turn (10 to 12 to b exact).

Each would be goobly gook to you. That is your persuation

To lend specificity to my comments, some of them are as follows all in order of their leading of price appearance:

1. Stretch /squeeze. I invented this to frontrun the "smart money". The formula includes the Premium as announced daily before open. It run 20 t0 30 seconds ahead of the market and compares cash with index and is normalized to be stochastic by the Premium.

2. The DOM "walls". Walls are limit orders placed in excess of market capacity based on contemporary time rate of change. The market moves to and bounces off these excessive sizes. three games are played around and about these values. I track the games as a simple exercise.

3. The OTR parallelogram.

4. and 5. Two pair analysis of two OTS's where one lead the traded insturment.

6. Three nested fractals of events on the traded instument. I trade the middle fractal so pattern completion on the faster fractal is a three movementleading indicator which I "count down".

7. PRV.

8 through 12. First and second derivatives (statistically calculated) of parts of the displays above or color "thermometers" which indicate tendencies and their extents.

How I trade with all my knowlege and skills acquired over 53 years. is sort of like you drive a race car or ski Olympic ski courses or compete in America's Cup races. It is probably something you cannot imagine.

I log 10 to 12 8 1/2 by 11 sheets in a trading session over RTH's. Most of my life since emial was invented I shared my logs electronically.

the SEC has cited me for insider trading of multiple account POA trading over a several year period when they first learned to do eletronic monitoring of large accounts. Fortunately, they wre able to conclude they fucked up with each citation. It was a learning period for the SEC about just how much of the market's offer could be taken and how timing markets to frontrun them is a practice of some experienced and skilled traders.

My past post you referenced was a beginner level contribution to this thread. This one is a more davanced post to help better orient you to the reality of expert trading.

Good luck to you in learning more about skilled trading.
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Not to be rude, but has it already not been established that you are broke and living on your girlfriend's couch; desperately spewing shit on ET in hopes some one will give you money to teach them?
 
sellers pattern
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Quote from Laissez Faire:

Nice contributions so far. Keep `em coming, guys and gals :)

As I wrote in the topic, I`m interested in idiosyncrasies and tendencies for the ES market in particular.

Most books on chart patterns start with the pattern and then they seek out whichever market confirms their hypotheses.

I am interested in working this out from the opposite direction.

Identify patterns that repeat themselves in the ES market, learn to recognize them and trade them.

As Handle123 says, "Some will say price action is price action, but each instrument does have it's own personality. What works well in ES, might not work well in a running market like Crude Oil." :)
More...

At first I thought you were saying you're looking for price patterns that works well in ES markets while not working well in other markets. However, I now realize you're talking about the micro price action of a pattern (can be called tendencies and idiosyncrasies) that makes it work in Emini ES futures while a different type of micro price action of the same pattern is required to work in Light Crude Oil CL futures or any other type of futures.

For example, during low volatility trading conditions...the breakout of the shoulder in the H&S pattern is a better trade entry in comparison to the breakout of the neckline in the H&S pattern while trading the Emini ES futures. Thus, the same H&S pattern with different entry areas (mirco price action).

(the above is not true but an example only of trying to explain micro price action "tendencies" that the OP is looking for in which he can't find discussed in any books or most forum price pattern discussions. However, read below to understand why there are tendencies).

Here's another example...there are 15 different variations of the Japanese Candlestick Bullish White Hammer pattern. One particular variation works better in the Emini futures (e.g. Emini ES) while a different variation of the same pattern works better in Treasury Futures (e.g. ZB futures). These examples have reliabilities that change when market context changes but overall remain different due to the difference in a particular trading instrument in comparison to another trading instrument. Simply, if you don't understand the market context of your trading instrument prior to the appearance of the price pattern...

It's blind trading.

Simply, the reason why there are tendencies or idiosyncrasies is because there are different market contexts associated with different types of markets even though markets are connected...impacting the price action of each other.

Mark
 
Forget patterns and indicators, you will lose with them, I repeat, you will lose.

Price gravitates toward demand!

That's the closest you'll get to a free lunch in trading.
 
Very nice patterns in play today.

R10 move and a double bottom at higher time frame support.

The double bottom also filled the gap from the open. Nice!

Free money :)

Round numbers seem to be very significant in the ES market.
 

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Quote from jordybrenner:

Forget patterns and indicators, you will lose with them, I repeat, you will lose.

Price gravitates toward demand!

That's the closest you'll get to a free lunch in trading.
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Sure glad it was free.
 
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