ES Journal - 2012

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previous durable goods price action

http://www.screencast.com/t/WEGXrmqM2

http://www.screencast.com/t/iUpwNEIG2Ok

http://www.screencast.com/t/hbe9TsMBso
 
Quote from Spectre2007:

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Whatever this means, it's big.
 
Quote from clearinghouse:

Why is the ES so whippy today and yesterday?
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This is precisely why I often wonder, how seasoned traders using timeframes like the 5min survive whippy sessions.

It's easy to see clean signals, even surprises, as long as clean, but the whippy stuff, sessions, how do they survive from death of thousand stops?
 
Quote from NoDoji:

Do you actually get filled at high/low ticks in ES moves? I can catch fills in the CL at high/low ticks sometimes, but I don't think I've had such luck in the ES.
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My platform puts exit limits in even before I enter the market, a trick I learned long ago. On most Platforms, you can bring up more than one DOM and put in exits, faster into the que, faster out, but since you would have to do manually, have to watch out to cancel if you are not in the trade, whereas my software guys made my platform, orders get canceled automatically if I am not in the trade and price gets close.

We just finished a program that trades Crude Oil that looks for Dom volume inequalities after the day session closes, does hundreds of trades before next days' open and just scalps 1-6 ticks, but it also places exits before entering, but does have to be monitored for overnite reports.
 
Quote from Daring:

This is precisely why I often wonder, how seasoned traders using timeframes like the 5min survive whippy sessions.
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Some seasoned traders style is to not trade these sessions at all. They recognize when it is time for them to be on the sidelines. Others traders live for these days. Their trades fly in face of the rubber band being pulled too tightly to catch the small snapbacks all the way up or down or whatever. They trade when the market is right for their personality and trading style. They know when it's their time and set up and when it is not. This comes from practice, lot of it.

Quote from Daring:


It's easy to see clean signals, even surprises, as long as clean, but the whippy stuff, sessions, how do they survive from death of thousand stops?
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They don't let themselves take many stop in a session. If their style is not working then they wait until the conditions better meet their style. If I get stopped one time I'm usually done for the day, could be several days (not that I am anyone special or a pro).

All the best!
 
Quote from Spectre2007:

Durable goods.. Tomm.. Watch for mean reversion into upper consolidation zones 1440..
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Already making it's way back, just needs a catalyst...perhaps Greece will be fixed again or Japans central bank will do QE again (eating popcorn and watching the show)
 
Quote from Lespaulr0cker:

Some seasoned traders style is to not trade these sessions at all. They recognize when it is time for them to be on the sidelines. Others traders live for these days. Their trades fly in face of the rubber band being pulled too tightly to catch the small snapbacks all the way up or down or whatever. They trade when the market is right for their personality and trading style. They know when it's their time and set up and when it is not. This comes from practice, lot of it.



They don't let themselves take many stop in a session. If their style is not working then they wait until the conditions better meet their style. If I get stopped one time I'm usually done for the day, could be several days (not that I am anyone special or a pro).

All the best!
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Ok, but the guy who has to trade the small snapbacks here and there are bound to be wrong. Today and yesterday was not just whippy in a chop sense, there were actual guys flinging serious numbers of contracts back and forth.

Some of the people who post in this journal are really impressive, btw. They really know their ES.
 
Quote from Lespaulr0cker:

Already making it's way back, just needs a catalyst...perhaps Greece will be fixed again or Japans central bank will do QE again (eating popcorn and watching the show)
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Durable goods in 29 minutes
 
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