ES Journal - 2014

OTCkrak said:
that was a weird move for the last hour-- even by ES standards
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Look at where price stopped, 1943.75...that's where the price turn off the lows "confirmed" prior to the open (9:20 ET bar high). This is a really common defense level. I talked about it a while back in Volente's chat room. This pattern occurs on the 1-min and 5-min charts with uncanny regularity.

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https://www.nasdaq.net/PublicPages/Russell_Rebalance.aspx
Microcap and Russell Global indexes

A significant portion of the trading activity surrounding the re-balancing will occur on Friday, June 25, during the NASDAQ Closing Cross. The NASDAQ Official Closing Price (NOCP) will be used as the closing price for NASDAQ-listed stocks in the Russell Indexes. Just after 4:00 p.m., Eastern Time, on June 25, there may be an increase in individual company volumes. This occurs because the funds that track the Russell Indexes will adjust their holdings at the closing price on Friday. Since NASDAQ's Closing Cross determines the closing price for NASDAQ-listed securities, many funds will elect to send their re-balancing trades through the NASDAQ trading system for execution.

If you have any questions please contact your NASDAQ Relationship Manager or NASDAQ Market Intelligence Desk Director.
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NoDoji said:
Hi J, I adapted to the significantly lower volatility by taking smaller profits, so the net result isn't that bad. I really have become a scalper. Whereas before I would look for min profit of .20 on a trade, I now look for less, but get more targets, so it's OK. Nothing like a few years ago when it possible to catch individual price swings of 1.00 or more, sometimes more than one a day. Those were the days!
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I never went for 20 ticks in Crude Oil with one minute timeframe, always have T/R 10 ticks or less, it is the only market I trade where I know I will have 1-2 losses each day, but am doing 10-20 scalps a day in it. But liked it better with they were doing HTFs much more. I love the Nasdaq but it doesn't like volume like the ES, I had to learn not using protective stops and get over than feeling it is ok to do, LOL. I been trading ES too long, it is just plain boring, profitable, but sooo boring.
 
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