What is the +6 again ?
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
+6 is the signal for a long 6 ticks above the opening tick of the 0835 central time bar (second bar in ES after the pit opening time).
A -6 short signal is 6 ticks below that same second bar. So there is a 3 handle DEAD ZONE there that i do not take a long or a short. BUT, am going to open a second account and range trade that later. Thus, i will have 2 accts, one for long and short signals and another for trading within the dead zone. But, not yet. The trading in the dead zone will be going short at top of range and going long at bottom. yes, i could do a S.A. R. in one acct but using limit orders is better to be in the "Q" for getting fills. Also, it is more relaxed to have seperate accounts to stay focused. FWIW. have a good day tomorrow, rmore reports etc coming this week, should see some fireworks, but will let the screen dictate what is to be.
A -6 short signal is 6 ticks below that same second bar. So there is a 3 handle DEAD ZONE there that i do not take a long or a short. BUT, am going to open a second account and range trade that later. Thus, i will have 2 accts, one for long and short signals and another for trading within the dead zone. But, not yet. The trading in the dead zone will be going short at top of range and going long at bottom. yes, i could do a S.A. R. in one acct but using limit orders is better to be in the "Q" for getting fills. Also, it is more relaxed to have seperate accounts to stay focused. FWIW. have a good day tomorrow, rmore reports etc coming this week, should see some fireworks, but will let the screen dictate what is to be.
bighog,
The beat goes on. Senor Volente asking questions still as he hopes to find a few tidbits on forums....2cents jumps in after day is done with his 2cents....you and apex getting along fine....now that is sweet stuff. Hope all goes well tomorrow....All goes well each day if one has the right system....u know, the system that does the thinking for you.....there are 2 market types....today saw both on nq.....porgie knows how to trade both...90%...volente s 10:30 turn worked great for me at 9:30 today.......muchos gracias...
The beat goes on. Senor Volente asking questions still as he hopes to find a few tidbits on forums....2cents jumps in after day is done with his 2cents....you and apex getting along fine....now that is sweet stuff. Hope all goes well tomorrow....All goes well each day if one has the right system....u know, the system that does the thinking for you.....there are 2 market types....today saw both on nq.....porgie knows how to trade both...90%...volente s 10:30 turn worked great for me at 9:30 today.......muchos gracias...
:eek:Hey george, please tell me that you understand when I say 10:30 reversal that is EST ?
volente
Agree, the 1030 Eastern time has always been a great signal, ( First hours breakout ) many traders get chopped up in the openings. Thus good traders work on solving that problem and what better way than to be a breakout trader with pre-set tactics.
What is T-Theory? I seem to recall that it is certain days have a particular bias. Am i recalling properly? THKS
Porqe..........join the club, the MOST watched time frame for ES daytraders is the 5 minute. Myself i like to be with what the crowd is watching. Personally i am in the camp that says any time frame less than a 5 min generates to many signals and it is a challenge to NOT trade noise and to NOT overtrade, thus i pass on smaller time frames.
Lets bring home some more bacon today. ..
Agree, the 1030 Eastern time has always been a great signal, ( First hours breakout ) many traders get chopped up in the openings. Thus good traders work on solving that problem and what better way than to be a breakout trader with pre-set tactics.
What is T-Theory? I seem to recall that it is certain days have a particular bias. Am i recalling properly? THKS
Porqe..........join the club, the MOST watched time frame for ES daytraders is the 5 minute. Myself i like to be with what the crowd is watching. Personally i am in the camp that says any time frame less than a 5 min generates to many signals and it is a challenge to NOT trade noise and to NOT overtrade, thus i pass on smaller time frames.
Lets bring home some more bacon today. ..
vista hype should give it a upward bias.
Thought i would throw this in: Yesterday the breakout after the key reversal at the 1300 est bar was confirmed at the breakout bar low of 1429.50 then that puppy broke 6 handles down.
Point being: The institutional big boys/girls are most active in the mkts from 1000 EST until 1130 est in mornings,.......then they go play grabass at the water cooler before lunch. Then in afternoons the institutions are again most active from 1400 est until 1500 est.
FWIW, nothing is set in stone, but humans are habitual beings. We set clocks to wake up and while awake we also like to have routines. Have a good day bacon makers. ..
Point being: The institutional big boys/girls are most active in the mkts from 1000 EST until 1130 est in mornings,.......then they go play grabass at the water cooler before lunch. Then in afternoons the institutions are again most active from 1400 est until 1500 est.
FWIW, nothing is set in stone, but humans are habitual beings. We set clocks to wake up and while awake we also like to have routines. Have a good day bacon makers. ..
Here are the zones I am looking at for today. Minor R and Minor are the intial zones above and below the market. They are fairly weak at this point and should be mainly used as a role reversal. Second zone above the market 1435.50-1437.50, R3 is 1441.50-1442.50. Support zones below the market 1418.50-1419.50. S2 at 1414-1415. S3 is a very well defined support zone in 1408-1406 area.
Price action indicates a possible range expansion day but due to the immense amount of data being released later in the week insitutions will probably be on the sidelines. Also note the bullish tendency the last 3 days of the month.
The key areas for today are R1 and minor S
Price action indicates a possible range expansion day but due to the immense amount of data being released later in the week insitutions will probably be on the sidelines. Also note the bullish tendency the last 3 days of the month.
The key areas for today are R1 and minor S
- Status