I am being SQUEEZED!!!! by the ES

[asiaprop]

not an edge but it would have kept you away from a huge potential loss, a loss that would have possibly wiped out a fair chunk of his account.

The edge was lost when he sold into this market. I dont see any edge whatsoever to sell right now at all no matter where ES trades in the short term. But I am not a day trader, I position/swing trade and there seems to me to be not a single reason to short this market.

Quote from JPope:

I agree, demo or not, this was not a good trade. Still something to learn from if you're new. A stop in on this trade would not have provided edge here.

 

[jinxu]

Quote from SarahNGuyen:

Bottom line is: ES is a tough market, especially for intraday traders.

No, it's not. Here's a demo account of my p/l for just today and using my Time Factor Strategy:

 

[forsalenyc]

Quote from jinxu:

No, it's not. Here's a demo account of my p/l for just today and using my Time Factor Strategy:

hey dude, you could've saved our P&L thread with this blotter.......just a thought.

 

[jinxu]

Quote from forsalenyc:

hey dude, you could've saved our P&L thread with this blotter.......just a thought.

I got tired of posting there and I'm not actively trading right now.

 

[jjf]

Quote from jinxu:

No, it's not. Here's a demo account of my p/l for just today and using my Time Factor Strategy:

where are the trades

 

[volente_00]

Quote from Nine_Ender:

Buddy, it is obvious from what you have posted that one of three things has occured :

#1 - You've posted complete fiction for kicks.
#2 - You are SIM trading.
#3 - You are trading real money but the size of the trade
is small compared to your total account size.

Why would I say this ? Well, almost everyone missed a key point about this thread. On Monday morning, the S&P 500 futures were at 1234 area and you would have got a margin call. Even considering the idea of a sleepy brokerage monitor, we opened well in excess of 1230.

Here's your chance to prove me wrong. Please outline your exact unrealized loss in real dollars at 9:30 am on Monday. Then explain why this didn't involve a margin call ( you have not mentioned such a call in the thread ). Your trade involves potentially unlimited losses that must be ok'd by your brokerage.

If you cannot explain yourself, this thread should be deleted or moved to "Chit Chat" where it belongs.

I may be wrong, but I think I remember Sax in the past saying he was in the UK or somewhere and traded with spread betting and not the actual contract. Perhaps he will clarify.

 

[jjf]

Quote from SarahNGuyen:

Bottom line is: ES is a tough market, especially for intraday traders.

Thank you Sarah for this valuable insight.

Do you know why you posted this comment and if you think that you do, a little supporting thought or two might help us all understand your post.

As it stands, your unsupported comment is USELESS and I am certain that you would like to try to rectify this .... to the best of your ability of course.

 

[jinxu]

Quote from jjf:

where are the trades

 

[saxon22]

I have bought more at around 1237. Total number of cars in: 42 at 1228
-9K a the moment. Looking to get out of half at around 1225 to 1224.

 

[iqfeed]

Quote from AMT4SWA:

Totally depends on what type of trading you are conducting. If you are hyper-scalping ES then looking at buying/selling patterns from only 500 companies (S&P500) in the NYSE may be what you feel works best.

I don't hyper-scalp ES, I do intraday position trades or longer term trades so I like to see the context of the entire BUY/SELL program activity in the NYSE (you never know what sectors may be real active from one day to the next). Also, there are BUY/SELL program patterns I have found from watching the NYSE TICK that help me to time entries better for intraday position trades. I was not able to see these patterns as well with only the 500 companies with a custom TICK.

You don't need a custom TICK if you only want to look at the TICK for 500 large cap stocks. You already have access to symbol JT6T.Z which is the S&P 500 NET TICK. There is also JTRT.Z which is the Russell 2000 TICK or JT5T.Z which is the Nasdaq 100 TICK. The full list is available at http://www.iqfeed.net/symbolguide/index.cfm?guide=mktindices&pick=stats .

And just a minor clarification that the market breadth indicators we provide aren't on a 1 second "delay", they are 1 second snapshots that are calculated/sent in real time.