ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from atticus:

It's going to be ugly tomorrow. I expect Asia and Europe to sell off hard tonight. We'll break the SPX support at the 1540 BO.
More...

i believe you may be right on this one........this may be one of those monster moves that leave people speaking about for quite some time....as well as the move that some here ,including myself, have been waiting for.....& the one Apex has been forcasting.
 
Quote from mbusch:

I told you it was going to be an interesting Globex session!

at 17:10 I went long at 1555.50 and promptly got stopped out on a close stop.

At 17:25 I saw ES had penetrated the support zone and got short at 1553.25 with a close stop.

At 17:30 all trading halted (or the data feed went away, not sure which), and I was blind for 30 minutes...not a comfortable feeling. Beats the hell out of me what happened. It was not my internet connection.

At 18:00, data started flowing again and the ES free-fell 4 points in two minutes to 1548.75.

As I type this, it's 19:38 and ES is stable at 1550-51, still below the zone and my buy stop. I'm short one unit with a breakeven stop at 1553.25, but only one unit -- the drop was so quick I never had a chance to add on. I'll watch for awhile and look to add on short around 1552 if the opportunity presents itself.

I'm looking at weak resistance around 1546, an unfilled gap between 1534 and 1530, and support down at 1516 where we made a low a week ago.

Globex is eerily calm at the moment, but it's difficult to imagine it will stay that way until open of RTH.
More...


Dont freak out grasshoppa =) Globex shuts down weekdays from 5:30-6 EST
 
Quote from Jander:

Dont freak out grasshoppa =) Globex shuts down weekdays from 5:30-6 EST
More...
Aha, I just read the fine print on the CME site.

They say that Globex trading hours are 4:30 PM to 4:15 PM ET. But then in a footnote, they say that they shut the Globex electronic trading platform down for 30 minutes of maintenance from 5:30-6:00 PM CT, but only Monday through Thursday.

Huh?

When I check my historical chart, I see trading on ES during the period 5:30-6:00 PM ET yesterday (Monday), but not today. How come?

Is it possible that they decided not to shut it down yesterday, or that trading continues on some other trading platform besides CME and my "Tradestation Intelligent Network" seamlessly switches when CME Globex is down for maintenance?

Whatever the reason, I've never seen that 5:30-6:00 PM shutdown before, and didn't expect it. And the very minute the system came back up, ES took a 4-point hit in the space of two 1-minute bars, which was a sight to behold. (Fortunately it was in the right direction.)

I don't usually trade Globex that soon after RTH, so it's quite possible this has always been happening and that I just never noticed it. I'll pay more attention going forward.
 
vol,

one thing about ES you should wait for level to be tested on momo first, any level can be the bounce level, but we wont know it in advance.

the ES itself will tell you, thats why B1S2 can pick off chunks swing trading. As levels break you shouldn't fade the break till a level holds.

and we wont know that now.
 
not sure if you have your time zones mixed up, you have CT and ET in your paragraph. Im not showing any trades yesterday from 5:30-6 EST. I can imagine your surprise when you took a position 5 minutes prior to the shutdown lol. 9 times out of 10 you would come back to find yourself upside down in that position, someone must be looking out for you

Congrats on your success though, always nice to have your calls align w/ apex's so well. Are you integrating fibs into your analysis?
 
Quote from atticus:

My largest position to date is an SPX double no touch with strikes at 1440/1570 which expires on Friday. I couldn't comfortably hold the short when the prudent-play was a long hedge into my risk. The 50-lot was less than 10% of my 2-sigma VaR in the DNT.
More...

Atticus,

Most here don't know what a double touch is. The only thing "double" here is the way many talk out of both sides of the mouth at the same time (i'm long here, but short before I finish the post, but going long again in a minute and a half, blah, blah, blah, oops, short, but leaning long, again. Sigh).

Come on guys--you know it's true. :-)
 
You're such a cynic. ;)

A double no touch and double one touch are path-dependent barrier options -- binary strangles.

Unrelated, but it also applies to any first-date with a Mormon chick.

Spectre: The payout was 125/200 scaled.
 
Quote from Jander:

Congrats on your success though, always nice to have your calls align w/ apex's so well. Are you integrating fibs into your analysis?
More...
Primarily historical price action, secondarily trendlines, and small weight to fibs and pivots (which as a mathematician I don't believe in except for their self-fulfilling-prophecy value, if you know what I mean).

Apex's analysis is way more complex and takes lots more factors into account. Someday I aspire to figure out what the hell he does -- I think they give a seminar in his techniques at Hogwarts -- but until I do I use the KISS method. :)
 
Status
Not open for further replies.
Back
Top