ES Journal Archive (2006 - 2008)

[skippy]

Quote from wareco:

Esignal continuous contract es #f

That's quite a variance. Does anyone have any explanation?

 

[Prevail]

ma's on futures are much less useful, especially on continuous right after the roll, put the 50ma on the cash and extrapolate from there using $esinx to calc the spread.

 

[wareco]

Quote from skippy:

That's quite a variance. Does anyone have any explanation?

Even using SPY as a substitute, I still come up with right around 1500

 

[riaamaan]

Quote from skippy:

That's quite a variance. Does anyone have any explanation?

You might want to look at whether or not you're using RTH or Globex time.

 

[skippy]

Quote from Prevail:

ma's on futures are much less useful, especially on continuous right after the roll, put the 50ma on the cash and extrapolate from there using $esinx to calc the spread.

Sorry, I'm not following...if I put the 50 sma on $spx.x (the tradetstation symbol for the cash index), I get 1492.99. Not clear on how to extrapolate this to the ES, short of the ol' eyeball method. Thanks for anyone's help with this....

 

[Jaxon]

Quote from Prevail:

ma's on futures are much less useful, especially on continuous right after the roll, put the 50ma on the cash and extrapolate from there using $esinx to calc the spread.

That's what I would do. INX 50 day is 1493. The basis is 15 points, so equivalent futures price would be 1508.

 

['81packer]

steve46-- did you play the gap this am ? 5 min ES

my understanding would have called a short @ 1520.25

exit target of....?

thanks

 

[skippy]

Quote from Jaxon:

That's what I would do. INX 50 day is 1493. The basis is 15 points, so equivalent futures price would be 1508.

This is really interesting, though....

we now have three different values for the same metric on the same instrument. give this fact, do such metrics have any meaning at all...

i mean, the 50 sma is of value as s/r resistance only insofar as everyone agrees on what it is. am i right? and if no one can agree, well, for heaven's sake, what's the point of paying it any attention?

 

[Jaxon]

Keep in mind there is a 10yr auction today, so much of the early weakness in treasuries is setup for the auction at 1pm. A successful auction will likely cause a pop in treasuries which would also be positive for stocks.

 

[steve46]

Yes sir

I did, and just exited at 15

My target was 1505 but I did not like the action so I got out.

Sorry about the delay, I was trying to put a long postion on at 1515.25..

Missed my entry and am standing aside for the moment.


Steve

Edit;

I am looking to buy 1517.5 with a tight stop.