ES Journal Archive (2009 - 2010)

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Quote from kinggyppo:

classic front running brought to you by the big prop desks, thanks for
playing. :mad:
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Technically there are so many reasons to be short and long this market [short-term], its a tough play. Its not always like this but it is typical of a market looking to find a footing.

The ES could easily slip to 1056 then rally 50 points, as easily as it could drop to 1032/1014 then rally 100+ points...OR it could stop on a dime on todays lows and rally 50 points before stalling out and never reaching an extreme level for the next 5 trading days......just so many scenarios to watch for.

Find some larger swing levels, watch them like a hawk and be ready to trade them with conviction on a moments notice and trade your intra-day signals in between them.
 
Quote from Trvlwanderer:

Nice Sal. Battered and bruised on my end. Forcing my trades. tsk, tsk.
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It's been a pretty sloppy day here as well. Being a greedy MOFO, I gave back too much damn profit early in the day. And what happens in the afternoon? I bail out too soon.
 
Quote from schizo:

Sonnavabitch. The slide stopped cold at 68.50. I wonder why?
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Trading around holidays is never easy and is always dicey. Its like the rules of engagement don't apply the day before and after.
 
Quote from petty1978:

Quote from petty1978:

tomohawk I do have an ES Outside Day technique that work great. Inside Day, I don't.

For this technique, you need to be looking at the 30 m Bar ONLY, and at the Full Globex ES Session.

Example:

Stops are going to be larger and positions need to be adjusted accordingly. This can either be used to swing trade or as an intra-day guide, knowing the market wants to head UP.

SO THEN

If today is the outside day then today is day (0) and yesterday is day (1). Day (1) can be an up or down day and day (0) can be an up or down day and there is nor particular structure to the daily bar except the following logic:

Day (1)
1) Find the Full Globex low of day (1) on the 30m bar only.
2) Make sure that 30m Bar does not share that low with any other 30m Bar. It is exclusively the low on that time frame.
3) Make sure that the 30m Bar low is not the 16:30 est bar.

Day(2)
1) Find the low point the very same way

THEN

Connect the two low point to create a trend line. When price reverts back to this trend line "Swing [long] back to Day (0) Full Globex Session [high]"

This does not happen every day obviously but when it does it is a nice trade. I have not looked at any other Emini indexes to see if this works but I am sure it correlates. I like to use the ES charts as guides.

The Short Set Up is exactly the opposite! Check it out let me know what you think.

I will re-read this and make sure I did not leave out any logic, if I did I will leave an "edit" comment at the end of this post.


Ok, as a guide this is now a valid short set-up with todays low of 1055.50 as the minimum downside target.

Confirmation of this: when looking at the current ES 16:30pm est 30m bar, price needs to rise (as of now) to a minimum of 1103.50 to initiate this downside target...each 30m bar from this bar that passes, the upside target that needs breeched increases by 1 tick. So the ES 17:00 pm est upside will be 1103.75 and so on...

Price still has upside but when this is breeched, all it is saying that lower prices are in order.
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5-27-10 the ES 18:00pm est 30m bar came within 1 tick of breeching this spoken about imaginary line. I stated we will see how this barley missed breech will play out. Lets see if we continue to drop...if we fail to drop to this level and rally consecutive days this 1055 and 1032 become very heavy weights...
 
Quote from petty1978:

Technically there are so many reasons to be short and long this market [short-term], its a tough play. Its not always like this but it is typical of a market looking to find a footing.

The ES could easily slip to 1056 then rally 50 points, as easily as it could drop to 1032/1014 then rally 100+ points...OR it could stop on a dime on todays lows and rally 50 points before stalling out and never reaching an extreme level for the next 5 trading days......just so many scenarios to watch for.

Find some larger swing levels, watch them like a hawk and be ready to trade them with conviction on a moments notice and trade your intra-day signals in between them.
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My comment was not profit related. I saw the move. What bothers me is that its has gotten so far from a level playing field. I will stop here. Let me know if I can borrow 1 billion for a year interest free. I will let you know how I make out.
 
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