ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from Anna K.:

hasn't it fill yet? what am I missing? See chart attached.
More...
Quote from vmaxer:

that's what I said earlier.
More...
Some traders do pay attention to them, other traders don't. The market has done nothing but consolidate its gains after the huge run-up overnight, so apparently this "GAP" may or may not need to be filled.


Botom Line: If they are part of your strategy, then you should pay attention to them, if they are not part of your strategy, then you should not pay attention to them (they fall under what B1S2 calls "too much information" ... with none of it being actionable).

Good trading
 
Quote from kinggyppo:

No the gap has not filled, this may be a rhetorical question but the gap was like 20 es points with the close on 10/03/2008 at 110.34. We have another 20 es points to even get close to it filling. :eek:
More...

The question was about spy the exchange traded fund, not the spx.x known as the "cash" or the esz9 emini contract. There was a gap created over the weekend 10/03/2008. The closing price was 110.34 and the low of the day was 109.44. I would consider the gap closed if spy traded 109.44. Its all whether you think that price has memory or the people that trade them do. See Mandelbrot cotton papers if you belief in this sort of stuff.
 

Attachments

Quote from kinggyppo:

The question was about spy the exchange traded fund, not the spx.x known as the "cash" or the esz9 emini contract. There was a gap created over the weekend 10/03/2008. The closing price was 110.34 and the low of the day was 109.44. I would consider the gap closed if spy traded 109.44. Its all whether you think that price has memory or the people that trade them do. See Mandelbrot cotton papers if you belief in this sort of stuff.
More...

Ok, now even more confused, did you see my firs chart that I've posted of spy? the gap looks totally filled on it, I don't understand why your gap is not filled?
 
Quote from Anna K.:

OK, so first, it's not SnP gap :confused:
second, it's almost filled anyway may be like 40 Dow points from being filled... which is about 1080 on ES, so the run to R3 today will do the job.

see the chart:
More...

I think it would help you to know that the spx, spy, and emini are all derivatives of the sp500 index which is a basket of 500 stocks. I don't want to insult you as this is confusing and this may help some of the lurkers. The emini future is 1/5th of the big sp contract. I like to think in terms of price per tick, 1000 shares of spy is $10.00 per tick, the big SP which still has active open outcry is $25.00 per tick (not sure about that one) and the emini is $12.50 per tick. I will look for an article on it.
 
Quote from Pekelo:

I just got the memo from the Feds for the next 2-3 weeks. Since we have the DT with RSI divergence on the daily, we would drop back down to the SMA, around 1052-54 cash. This would relieve the overbought conditions.
That is also a Failure area for this DT, so from there we would run up to 1052 +60 (Height) 1111 (just to make it interesting), and that would be the high for the year.

Sounds good?

i58193.png
More...

Even better if we gap down tomorrow for island reversal and have a 30 pt selloff. I figure it's options expiry week so 40 something should be touched.

How much longer can the MACD/RSI trend down while ES makes new highs? It's already been ~2 months...
 
we all agree that we are in the gap ballpark and that this bull run is at an important juncture, now to make it even easier to trade, its expiration week
 
Status
Not open for further replies.
Back
Top