Read the theories on page 22 and place your bet!
Daytrading Breakouts in the ES
- Thread starter Johnny Rotten
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June 13th, final time period ES. See attached. Why not buy above the pivot high shown? This is discussion of DISCRETION.
- I don't like only one bar pullbacks unless I feel very strongly. Yet this occurred in both symbols, See page one rules.
- The moving average line was not what I would call 45 degrees
- the pullback bar in both markets came back to the moving average line
You have to sometimes remember the 'concept' behind this method. You want to buy when the market looks very strong. Did the up move that led to the pivot high look very strong? My last two points suggest not (at least to me!). The strongest moves leave "space" between the pivot spike and the moving average. This moving average felt kind of lacklustre to me. Contrast it to the early morning trade after the range down bar ...that moving average was sharply 45 degrees southbound.
Plus, (hopefully) you made money in the earlier timeframe. Sometimes it's best to just quit for the day. Just because you CAN trade later doesn't mean you should. Speaking personally I have more success in the first two time periods than I do the last. Anyone not sure of my time periods? Back to Page 1 please
- I don't like only one bar pullbacks unless I feel very strongly. Yet this occurred in both symbols, See page one rules.
- The moving average line was not what I would call 45 degrees
- the pullback bar in both markets came back to the moving average line
You have to sometimes remember the 'concept' behind this method. You want to buy when the market looks very strong. Did the up move that led to the pivot high look very strong? My last two points suggest not (at least to me!). The strongest moves leave "space" between the pivot spike and the moving average. This moving average felt kind of lacklustre to me. Contrast it to the early morning trade after the range down bar ...that moving average was sharply 45 degrees southbound.
Plus, (hopefully) you made money in the earlier timeframe. Sometimes it's best to just quit for the day. Just because you CAN trade later doesn't mean you should. Speaking personally I have more success in the first two time periods than I do the last. Anyone not sure of my time periods? Back to Page 1 please
You can find the contract specs for the DAX & Eurostoxx 50 contracts at Eurex's web site:
http://www.eurexchange.com/products/FDAX.html
http://www.eurexchange.com/products/FESX.html
Basically the rule is that rollover to the next contract month occurs on the last trading day. As you can see from the above links, that would be Friday 20th June. So, make a note in your diaries that on this day ...you track and trade September.
I find it interesting that when I posted the screenshots of my NinjaTrader settings ...the one for ES was 'viewed' twice as many times as the other symbols.
I know what's going on ...half you yanks still haven't got rigged up to watch the Eurex symbols. Still got your head up your arse not able to try something new! Hell's teeth, I even showed you a way on page 1 that would only cost you 8 Euros a month. So what the hell are you waiting for?!
Then again, fuck off and stay with US markets only. I'll keep these 'foreign' money-makers all to myself, thank you very much
http://www.eurexchange.com/products/FDAX.html
http://www.eurexchange.com/products/FESX.html
Basically the rule is that rollover to the next contract month occurs on the last trading day. As you can see from the above links, that would be Friday 20th June. So, make a note in your diaries that on this day ...you track and trade September.
I find it interesting that when I posted the screenshots of my NinjaTrader settings ...the one for ES was 'viewed' twice as many times as the other symbols.
I know what's going on ...half you yanks still haven't got rigged up to watch the Eurex symbols. Still got your head up your arse not able to try something new! Hell's teeth, I even showed you a way on page 1 that would only cost you 8 Euros a month. So what the hell are you waiting for?!
Then again, fuck off and stay with US markets only. I'll keep these 'foreign' money-makers all to myself, thank you very much
Yes. On Eurex's web site ...they call the symbol "FESX". And they call the DAX: "FDAX". Have a troll around Eurex's web site for more details. I see ESTX50 (FESX) did about 600,000 volume yesterday.
But I call the symbols ESTX50 & DAX because these are the symbol names that my broker Interactive Brokers uses (and NinjaTrader). The "exchange" for the symbols is listed as "DTB" by Interactive Brokers & NinjaTrader. But this means Eurex. In the same sense that Globex means CME.
Hey, are you the same guy that said what he meant on the infamous breakout thread. While I agree with you in principle, I must say that you are too European for my taste... and that's only because I am a European by origin, except that I have been living in America for so long that I think that moderation is not necessarilly a bad thing... so please, some things are so obvious that may sound offensive...
America is a great country...many Europeans can learn from people living here. And I know that many tend to put it down. The best solutions as always is to take the best you can find and leave the crap in the dust... The US has a lot to offer. More than any other country in the world.
It is absolutely the best country in the world! This is the only country of its kind in the history of Western civilisation. And I am not the one to praise others without a reason...
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