S/R Emini Journal

[brightstone]

Quote from 5Pillars:

Wow....that was quick........

http://www.charthub.com/images/2006/09/14/ES_317_VB_4.png


The YM and NQ all dumped together as the ES delta shift hit......that was a textbook set-up to jump in fast.

Is that it? No retracement?

 

[5Pillars]

Just one of those tighter range days so far that you play the edges.

Look how the YM "delta" was showing clean divergence near the highs before the dump............

http://www.charthub.com/images/2006/09/14/YM_317.png


Selling the 11635 level during the big red downstroke candle would have been real good, as the previous candles low was touched with "red rain" on the T&S (you can see those dumps on the T&S very clear as the delta is shifting).

 

[rverheyen]

I played the breakout of the triangle. Long @ 1329.75. It reversed and I got stopped at -2 points.

After the trade I noticed the channel (red line) and $TICK was > 1000. This loss could have been avoided. Even better, taken short it could have turned into a profit (don't know if I would have the guts to go short in this case).

 

[5Pillars]

Well I missed getting filled at 25.50 so I had to settle for 26.00......turkeys!!!

http://www.charthub.com/images/2006/09/14/ES_317_VB_5.png





Will see what the runners can get.....I will leave these on until the close.

 

[TinGull]

5P, does the Market Delta really not work well for the ER2? That's what I like trading and was hoping that would help me with the trades. If it won't, then I'll have to just continue along with what I'm doing.

Thanks!!

 

[5Pillars]

Quote from rverheyen:

I played the breakout of the triangle. Long @ 1329.75. It reversed and I got stopped at -2 points.

After the trade I noticed the channel (red line) and $TICK was > 1000. This loss could have been avoided. Even better, taken short it could have turned into a profit (don't know if I would have the guts to go short in this case).

I tried to give a "heads up" warning about that price area earlier.....sorry.

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5Pillars


Registered: May 2006
Posts: 778


09-14-06 12:24 PM



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Quote from romik:

nice one, thanks. But wouldn't you say 10k in comparison with over 500k already traded does not really say much.
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No it is showing that we have a lack of interest and no "accumulation" yet ----- more like overall equilibrium with sideways range chop at this point of the day.

Also, there is a bunch of sellers between 1329.00 and 1330.00 that we would need to get through to get a real push today.


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[5Pillars]

Quote from TinGull:

5P, does the Market Delta really not work well for the ER2? That's what I like trading and was hoping that would help me with the trades. If it won't, then I'll have to just continue along with what I'm doing.

Thanks!!

Yes it still works but you have to be aware of the commercial action that can cause huge spikes at times (when everyone trading the ER2 in every chatroom on Earth are all asking.....WHAT WAS THAT MOVE FROM.....news, news, anyone? ).

 

[romik]

Nice trade there 5P!

Me, I remain defiant in the face of danger, until the time the channel is broken to the downside.

Thanks for the warning, nice to see quality stuff on this thread.

Quote from 5Pillars:

I tried to give a "heads up" warning about that price area earlier.....sorry.

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5Pillars


Registered: May 2006
Posts: 778


09-14-06 12:24 PM



--------------------------------------------------------------------------------
Quote from romik:

nice one, thanks. But wouldn't you say 10k in comparison with over 500k already traded does not really say much.
--------------------------------------------------------------------------------




No it is showing that we have a lack of interest and no "accumulation" yet ----- more like overall equilibrium with sideways range chop at this point of the day.

Also, there is a bunch of sellers between 1329.00 and 1330.00 that we would need to get through to get a real push today.


Edit/Delete • Quote • Complain

 

[5Pillars]

Quote from romik:

Nice trade there 5P!

Me, I remain defiant in the face of danger, until the time the channel is broken to the downside.

Thanks for the warning, nice to see quality stuff on this thread.

No problem.....this thread has been real fun (good attitudes here....I love that!).

I will call it a day now.........SHORT runners with stops at B/E + 1 tick.

 

[BoyBrutus]

Quote from BoyBrutus:

Oh well

Anyone playing the S&P 500 rebalancing happening after market? Any information you can add about this?

Thanks

Rebalancing can cause a move down, from now to close with an equal bounce at 1600 although it may start slightly earlier. Will be interesting to watch if there is any movement.