ES Journal Archive (2009 - 2010)

[rock34748]

Quote from satchel:

wow you all finally showed up, the fort was empty for two flipping hours, while long got baked in.

loving NQ

You and the bots must have split my $120ish from NQ between you. :eek:

 

[ASusilovic]

Quote from Lawrence Chan:

MM bots try to guess (or using the "god feed" know for fact) and discover the orderflows.

i.e.

Front run mode - outside papers with large sell orders coming then front run them, vice versa.

Creation mode - counter day traders' positions as stop levels are very close, to create possible liquidity at the other end.

But lately, something interesting happened - when the HFT orders pile in to shoot thru multiple levels, someone step in to counter them with similar size at a price point than the bots cannot unload with a profit. Forcing them to puke.

It's a one line code :

if HFT > 10k answer with 10k counter order HFT. Simples !

 

[oraclewizard77]

I went short at 1013 and added at 1015. I am not sure if this is good strategy or not. Yesterday, one of my longs got stopped out on a good signal since the market moved strongly in a directional manner before reversing.

So instead of taking a 2 point stop on the 1st entry, I did add to it and placed the stop higher up. My original target was 1013, but I saw the market hitting 1013.25 and bouncing off, so I decided to bring my target back up to 1013.25 since I did not feel like missing a potential profit by .25. Of course the market did hit 1013 since its extremely directional and once its starts moving in whatever direction it will move 4 points or more say 10 points.

Last 2 days market has been harder to trade. Anyway, just wanted to share. I think if you are trading today, give yourself more room for your stops and targets. No reason to scalp less than 1 point.

 

[oraclewizard77]

By the way, using higher mathematics invented by an important person which was programed into my charts, the price of 1015.50 was an extremely reliable sell signal.

So you ask, if this was the case, why did I sell the 1st contract at 1013. I did in fact have another sell signal at that level, however, I now see that I got in too late for a scalp.

 

[Ramp]

Quote from oraclewizard77:

By the way, using higher mathematics invented by an important person which was programed into my charts, the price of 1015.50 was an extremely reliable sell signal.

So you ask, if this was the case, why did I sell the 1st contract at 1013. I did in fact have another sell signal at that level, however, I now see that I got in too late for a scalp.

For what its worth I got a short signal at the same time, short NQ from 1636, stop above 1650.

 

[retaildaytrader]

My target price of 1017 was almost hit today at 1016.31, but close enough. My next target is 968 and it will be reached next week.

 

[lexcorp]

Quote from retaildaytrader:

My target price of 1017 was almost hit today at 1016.31, but close enough. My next target is 968 and it will be reached next week.

forget to mention that call this morning. Great call!!

 

[satchel]

My target of 1040 zone touch is coming right up

 

[Ramp]

Quote from Ramp:

For what its worth I got a short signal at the same time, short NQ from 1636, stop above 1650.

System reversing, waiting until Monday to get short, closed at scratch. Great long weekend to all.

 

[retaildaytrader]

This was the call I made a few days ago. Target price reached.

Quote from retaildaytrader:

For what its worth, I think we go to 1017 in the next 3-4 trading days. Probably sometime next week. Thats 1017 on the index.