S/R Emini Journal

Status
Not open for further replies.
Quote from bigbrent701:

Hey guys how would today compare to a typical day in the ES? I was down for the day but my last 3 trades were winners.

4 winners
5 losers
More...

Brent,
The action today is still not normal. We had an 8 point range and that isn't good. Still kinda choppy. Obviously it was good enough for some people to get a trade but for it would not have triggered a trade. Glad I didn't watch it today. Just a guess would say between 12 and 15 point range for day is about right. 20 points is a fairly strong trend day. I might suggest that you might be overtrading if you got 9 trades in. What method do you use for entry and exit? This is not supposed to be a knock on you or anything just an observation.

Best,
Gary
 
Quote from 4re:

Just a guess would say between 12 and 15 point range for day is about right.
More...
Through last Friday, the average range for RTH is just under 12.5 points for calendar 2006. For both 2004 and 2005, the average range was about 11 points.

JB

Finally, a post from me with (limited) content. :)
 
Quote from JohnBob:

Through last Friday, the average range for RTH is just under 12.5 points for calendar 2006. For both 2004 and 2005, the average range was about 11 points.

JB
More...

Damn, not bad for a guess, huh...Thanks.
 
Well, looks like another choppy day today. But it looks to be getting ready to break out of this pattern. We were actually due for a little consolidation IMO. That should make for a stronger break out of the pattern. So while I have not had any trades to trigger on my system we should very soon. Here are my numbers for tomorrow. They should look very familiar to everyone.

Long 1308.25 - 1311.25

Short 1295.25 - 1291.75

Good luck tomorrow, I should be able to have more trade time tomorrow.

Gary
 

Attachments

Quote from romik:

My primary levels are based on 15min TF. Opening bar 9.30am, High and Low define R/S and I simply go for breakouts with PT of 2 points. One must note that I do use Martingale approach, most will not have the cap to do that, not every breach of S/R generates a breakout, eventually levels are broken properly though. I will stop @ 3rd bad trade intraday, due to possible escalation to the downside.
More...

He also has really good instincts! :p
 
I don't know if anybody has noticed but I imagine some of you guys have. If you will look at my chart that I posted last. The formation that has been forming starting last thursday through yesterday looks like we are in a High Tight Flag. If this does work out the way it is supposed to. A breakout of 1307.75 should go up to about 1320. Just something to keep your eyes on. If anybody would like a refresher on this pattern here it is. From Thomas Bulakowski's website.

http://mysite.verizon.net/resppzq7/htf.html
 
Quote from 4re:

I don't know if anybody has noticed but I imagine some of you guys have. If you will look at my chart that I posted last. The formation that has been forming starting last thursday through yesterday looks like we are in a High Tight Flag. If this does work out the way it is supposed to. A breakout of 1307.75 should go up to about 1320. Just something to keep your eyes on. If anybody would like a refresher on this pattern here it is. From Thomas Bulakowski's website.

http://mysite.verizon.net/resppzq7/htf.html
More...

I see something similar on the YM daily, this is the Sep contract. Good spot. On both the sp-500 and dj-30 indexes the vol has dried up considerably. I was expecting a crash to be honest especially when the nasdaq and the nasdaq100 broke out of their weekly channels, but i will trade whichever way my signals tell me. I still think that we will finish the year down on th indexes (hopefully not my account), if you scan through actual stocks, I see very few stocks that look strong. But if the market wants to go up then I am happy to play. But any positional traders I think need to be very careful on their long plays.
 

Attachments

Status
Not open for further replies.
Back
Top