Huh? Why does contract size matter. It's an arbitrary number chosen by the exchange. Percentage moves should really be the only thing ever reported.
ES Journal Archive (2006 - 2008)
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Huh? Why does contract size matter. It's an arbitrary number chosen by the exchange. Percentage moves should really be the only thing ever reported.
what a day.
S/R are so important, it's absolutely unbelievable.
Broke out of that morning range with that drop and then wedge formation, then the breakout. just pretty.
however, stops required on some trades were just too big. 10 point stops? no way i would take those trades. Im not missing out anything. why take that kind of risk when you know things will come back to normal.
these kinds of days r rare. i mean, it could happen tomorrow again, or thursday.
good day, but not excellent just because of the required stops.
not a broke the bank kind of day.
and to whoever who said chart apatterns dont work, it might not work for you because maybe u dont recognize it. everyone is not the same. what works for one doesnt have to work for another.
but to say one thing doesn't work over the other is ingorance.
For example, i dont like averaging down, but i do know some traders who kill it doing it. so its all on your personality.
S/R are so important, it's absolutely unbelievable.
Broke out of that morning range with that drop and then wedge formation, then the breakout. just pretty.
however, stops required on some trades were just too big. 10 point stops? no way i would take those trades. Im not missing out anything. why take that kind of risk when you know things will come back to normal.
these kinds of days r rare. i mean, it could happen tomorrow again, or thursday.
good day, but not excellent just because of the required stops.
not a broke the bank kind of day.
and to whoever who said chart apatterns dont work, it might not work for you because maybe u dont recognize it. everyone is not the same. what works for one doesnt have to work for another.
but to say one thing doesn't work over the other is ingorance.
For example, i dont like averaging down, but i do know some traders who kill it doing it. so its all on your personality.
Because this thread is called the ES Journal, and the S&P represents 500 companies, not 30.
Also my point was that one got the best bang being short of the ES, not the other 2, and the difference was signifficant. Not to mention both the S&P and the Nasdaq fell more than the Dow %-wise. "The tech market falls 10%" would have been a bigger headline...
Also the old math of 10 YM is equivalent with 1 ES is not valid anymore. It is about 12-13 YMs....
I just meant that the multipliers are arbitrary, except in how they affect commissions for us traders.
futs up 30 as we speak
looking good
looking good
They need lift futures otherwise margin selling in begin of US session will be devastating.
And now question for more experienced traders if above sentence is correct.
With another words that there will be forced selling in begin - may be very violent, and if it will turn up than it will turn later, may be in end, not ending close to low eventually trying make hammer for bounce in rest of week?
Like I wrote from technical standpoint I do not expect numbers bellow 1100-1105 this like should hold for a week as minimum.
And now question for more experienced traders if above sentence is correct.
With another words that there will be forced selling in begin - may be very violent, and if it will turn up than it will turn later, may be in end, not ending close to low eventually trying make hammer for bounce in rest of week?
Like I wrote from technical standpoint I do not expect numbers bellow 1100-1105 this like should hold for a week as minimum.
Is this setting up for an ADU? It ran up and is just holding here, possibly creating a bull flag.
I got hit pretty bad yesterday. I anticipated a signal on the 60-min and that signal never happened. Of course that was just minutes before the selloff from hell.
Oh the joys of staring at delayed quotes.
I got hit pretty bad yesterday. I anticipated a signal on the 60-min and that signal never happened. Of course that was just minutes before the selloff from hell.
Oh the joys of staring at delayed quotes.
As predicted, we are nicely up 25+ points since the close (earlier it was as high as 35) and the Steelers won in OT. Isn't life beautiful??
Again, the after SDD top comes around 10 (last time it was 9:51, and only gave 12 pts gain) when you can switch to short, and it should fall until at least 10:30. A gapclose is pretty likely. From there it can go both ways...
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