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ES Journal - 2012
- Thread starter Buy1Sell2
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Quote from Handle123:
By studying the Dome very long periods of time, you start to get good idea of scalping direction.
Out 2 ticks
was plus 2 ticks.
I watch total volume on 5 levels on bid/ask, if one side gets over 50% more than other, tends to become a magnet. But if it quickly starts to tighten btw the bid/ask volume, it most likely going to reverse quickly. I quickly get out.
Quote from ammo:
knew about market trading to size but not about the reverse clue, thanks,have a buddy that will scalp 2 and 3 lots in that last 20 minutes of the day and he picks up a quick 8-1500,never understood and he wouldnt tell me
Your welcome, the last 20 minutes of the day is when New York is evening up until last several months or so , as some of the firms are going past the end of NYSE as a way to screw the little guy some more, LOL. I now often use just the DOME in last 15 minutes of ES day session to crank out uneven volume patterns, but it takes patience to wait to get in-I won't chase anything, but so often trading the last 90 secends of the trading day, it is like a free 2-6 ticks, and very good volume.
I am going to start day trading much less at end of the week, 25 years of it has a healthy ring to pull away, but always going to trade last 35 minutes of ES day session, too much fun to risk 2 ticks and going for 4/8 ticks.
Quote from Buy1Sell2:
08-23-12 07:44 AM
08-17-12 08:40 AM
08-10-12 09:18 AM
08-07-12 09:45 PM
08-07-12 07:56 AM
08-06-12 07:44 AM
08-03-12 07:41 AM
08-01-12 08:37 AM
07-31-12 08:24 AM
07-30-12 08:31 AM
07-27-12 09:11 AM
07-26-12 07:57 AM
07-25-12 08:14 AM
--Have buy stop in to enter at 1358.00 with 2. If hit, I will enter and post protective sell stop.
-- If tagged today, then initial stop will be 1317.50
--Trade was stopped in long. Initial protective sell stop is 1317.50 and I will reverse and be short when stopped.
--Protective/reverse sell stop raised to 1325.50
--No change today (Tues 7/31/2012)
--No change today (Wed 7/31/2012)
--No change today (Fri 8/03/2012)
--Stop remains the same today (Mon 8/06/2012)
--Stop moved to 1348.75. Will reverse there as well. (Tues 08/07/2012)
--Stop moved to 1358.50 (Tues 08/07/2012)
--Stop remains the same today (Fri 08/10/2012)
--Stop moved to 1384.50 (Fri 08/17/2012)
--No reason to move stop closer to the noise yet. Stop remains the same today (Thurs 8/23/2012)
--Still don't see any reason to move stop just yet. (Mon 8/27/2012)
This is a 2 contract position?
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