ES Journal Archive (2009 - 2010)

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Quote from Builder17:

hmm which side is gonna flinch first and get out before long weekend.
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Didn't know about the long weekend. When are the markets closed? And why are the NFP numbers coming out tomorrow if the market are closed? I know it's Bank Holiday in some European countries, but I thought eminis would be open tomorrow.
 
Thanks aj.

This explains the incredibly low volatility we're having today. Perhaps a big move ahead of tomorrow's unemployment figures must be expected before the closing bell. If not, expect Monday to be a very volatile day.
 
I believe a big move is on the horizon. I am almost sure of it. This weakness looks pretty fake, I hope I'm wrong tho.

I have learned to respect DEMBOYZ


ES is keeping it high and tight while NQ and TF look like they got the flu.

Something just looks funny
 
Quote from Eko_Trader:

ES is keeping it high and tight while NQ and TF look like they got the flu.

Something just looks funny
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I am not touching this with a 10-foot pole. I've had a good week so far but the range has gotten ridiculously narrow for my taste. A breakout is imminent. Could be today or Monday with a huge gap.

The range needs to stretch out in order to provide better opportunities and trading conditions.

GL to all those who are fighting for ticks in this environment.
 
maybe a silly question but when you guys trade do you normally leave the over night session on your charts + the day session, or just use the day session?

Or do you switch inbetween. Just asking as I get some minor differences in signals when I leave out the overnight session.
 
Quote from inks2002:

maybe a silly question but when you guys trade do you normally leave the over night session on your charts + the day session, or just use the day session?

Or do you switch inbetween. Just asking as I get some minor differences in signals when I leave out the overnight session.
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inks, you raise a very interesting subject here. I don't believe there is a one-size-fits-all answer to your question. It's very discretionary and it's one of the grey areas of trading.

I can tell you what I do. I use both sessions, the globex and regular. I like globex to possibly identify key swing pts that took place overnight, especially when there is major news before the open.

I like the cash/regular session because it makes the gaps visible.

Also, many professional traders and trading systems are based on SPX or SPY, which don't trade overnight. So the reference points for those traders will only be taken from the regular session.

I keep an eye on both and don't have a preference.
 
Quote from inks2002:

maybe a silly question but when you guys trade do you normally leave the over night session on your charts + the day session, or just use the day session?

Or do you switch inbetween. Just asking as I get some minor differences in signals when I leave out the overnight session.
More...


I leave out overnight on intra day trading.

Use overnight data on other kind of charts.
 
Quote from inks2002:

maybe a silly question but when you guys trade do you normally leave the over night session on your charts + the day session, or just use the day session?

Or do you switch inbetween. Just asking as I get some minor differences in signals when I leave out the overnight session.
More...

Stop and think about this. Its a global market and almost all indexes are correlated. Watch the Dax vs. ES generally move lock step. Reports which come out premarket often a mover. Do you want to leave that out? Mark the globex high and low you will be fine.
 
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