ES Journal Archive (2011)

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Quote from cashcarewins:

1) Market depth can be very deceiving, I disabled it.

2) ... I also understand that many bigger traders don't put any orders in until they are ready to be executed, that's why you sometimes see 1000's of contracts traded at a price when the market depth was only a few hundred.

3) In either case the market depth is meaningless at best and deceptive if you let it be.

4) The long and the short of it is, there are more relevant things to worry about than the bid and ask size, at least in the emini's.
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CCW,

1) A little knowledge can be dangerous (as a general statement, not saying you know little)

2) That's why I keep an eye on the time and sales to see what was actually transacted

3) Tell it to the bots

4) 100% agree on this

There are many things I don't use when trading that other people find useful. I just don't have the need to disparage them. To each his own.

Good trading to you
 
Quote from zjulian104:

Hey, Josh? I'm not saying you're not in the zone most of the time, but, blowup doll or a live one. We're traders here, and the zone isn't trademarked.
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Don't understand :confused:

Just to be clear, I think your premise is quite a good one and if buyers look to be giving up around the open, as you say it may be a great short.
 
Quote from Buy1Sell2:

Market depth and volume are not useful tools for trading the ES. --They are "too much information" and should be discarded.
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For your particular style of trading, this is true. For others, not true at all.
 
Nice action overnight. :)

I hope there is some left for us who trade strictly RTH.

I`m looking at a gap fill above @ 1276,50.

A prior daily high @ 1273,75 from 2nd of August.

Maybe.
 
Quote from Buy1Sell2:

Market depth and volume are not useful tools for trading the ES. --They are "too much information" and should be discarded.
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Isn't this a bit like a scalper saying the COT report is BS? :eek:

---

Pending home sales in 20'
 
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