ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
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short 1495.50
daytrade
daytrade
sure, have to go to another part of the house.
when a channel break occurs, probability historically, increases for further downside.
no reversal , may exit my 95.50 short at any time
Just in case anyone is interested (relative to gaps RTH)
Today, in the RTH, the low print (so far) has been 1468.50 which exactly filled the gap.
So for today, we visited the proximity of the gap during the AH, but revisited it during the RTH. I am going to try to follow this, I do keep track of RTH gaps, but I do not have the time to do historical studies.
Volente_00, you say you use the cash for recognizing gap fills. What ticker do you use? The $spx.x ticker in trade station never shows a cash gap, it's beginning price is usually the close from the previous day, or it is just a minor gap in price
BTW absolute fill of the gap for today would be a print of 1497.75, but low of last 5 minute bar (ending 4:00pm yesterday) was 1496.00 (there was a poster here who mentioned that the low of the last 5 minute bar from the previous day is used as a measuring device)
Today, in the RTH, the low print (so far) has been 1468.50 which exactly filled the gap.
So for today, we visited the proximity of the gap during the AH, but revisited it during the RTH. I am going to try to follow this, I do keep track of RTH gaps, but I do not have the time to do historical studies.
Volente_00, you say you use the cash for recognizing gap fills. What ticker do you use? The $spx.x ticker in trade station never shows a cash gap, it's beginning price is usually the close from the previous day, or it is just a minor gap in price
BTW absolute fill of the gap for today would be a print of 1497.75, but low of last 5 minute bar (ending 4:00pm yesterday) was 1496.00 (there was a poster here who mentioned that the low of the last 5 minute bar from the previous day is used as a measuring device)
Not YET! I'm expecting one any minute, now that the 1498 unchanged target is right above.
This market is right now, imo, floor trader driven. Floor traders LOVE to grind it up to unchanged, and then smack it down.
The key to making money this morning was to wait for the surges on big volume, and then buy on pullbacks into low volume.
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