ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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someone knows the PPI number, generally it will be negative news today.
it should open negative again and try to test the highs, if the highs can't be attained it will quickly sell off to european lows, and break them gunning for the 40-45 area stops.
the highs and lows of the previous session are better candidates for battling price trend maintenance.
the other technique is to wait for certain number of bars to print after the initial hit, and place orders on price escape out of the zone.
someone knows the PPI number, generally it will be negative news today.
it should open negative again and try to test the highs, if the highs can't be attained it will quickly sell off to european lows, and break them gunning for the 40-45 area stops.
the highs and lows of the previous session are better candidates for battling price trend maintenance.
the other technique is to wait for certain number of bars to print after the initial hit, and place orders on price escape out of the zone.
keep track of where the 50 day sma is, some players will have huge stops at the 50 day sma.
edit:
some probability filters:
1) above or below open range
2) above or below yesterdays high or low
3) above or below 200 day sma, 50 day sma(in es)
price currently in yesterdays OR, and in the middle of yesterdays high and low. price is above the 50 day sma. European session led to minor low extension.
edit:
some probability filters:
1) above or below open range
2) above or below yesterdays high or low
3) above or below 200 day sma, 50 day sma(in es)
price currently in yesterdays OR, and in the middle of yesterdays high and low. price is above the 50 day sma. European session led to minor low extension.
buy stop 61 sell 62
buy stop 62.50 sell 63.50
buy stop 64 sell 65
sell stop 59 buy 58
sell stop 57.50 buy 56.50
sell stop 56 buy 55
sell stop 54.50 buy 53.50
buy stop 62.50 sell 63.50
buy stop 64 sell 65
sell stop 59 buy 58
sell stop 57.50 buy 56.50
sell stop 56 buy 55
sell stop 54.50 buy 53.50
basically price has to travel through you, and as it travels you register gains the point where the buy or sell stop hits and reverses your left with units counter the momentary trend.
I didn't post unit quantity multipliers
1 (64-65)
2 (62.50-63.50)
3 (61-62)
(60)
3 (59-58)
2 (57.50-56.50)
1 (56-55)
1 (54.50-53.50)
some algo's will frontrun the second to second price vector.
I didn't post unit quantity multipliers
1 (64-65)
2 (62.50-63.50)
3 (61-62)
(60)
3 (59-58)
2 (57.50-56.50)
1 (56-55)
1 (54.50-53.50)
some algo's will frontrun the second to second price vector.
overall the PPI is good news, they have a chance to rally it, but looks like they want to run some stops to the downside first.
61's -------loss in effect multiplier 3
59's
----------profit multplier 3
58's
57.50's ----loss in effect multiplier 2
sentiment is negative. =), the futures should be in green as we approach the open, if they aren't it tips you off to the agenda for today or price bias for today.
futures should be up 4 or 3 in this climate. 14K dow ..rah rah rah..
cancelling further entry stops and leaving exits.
61's -------loss in effect multiplier 3
59's
----------profit multplier 3
58's
57.50's ----loss in effect multiplier 2
sentiment is negative. =), the futures should be in green as we approach the open, if they aren't it tips you off to the agenda for today or price bias for today.
futures should be up 4 or 3 in this climate. 14K dow ..rah rah rah..
cancelling further entry stops and leaving exits.
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