S/R Emini Journal

tradequicker · Sep 21, 2006

1 oclock is better fakeout time ...........the run is not over until it is over........

TinGull · Sep 21, 2006

Thanks 5p

Now to just get them to code MD software for a mac, and I'd be in business!

Quote from 5Pillars:

Good job!

Call it a day and go tell your wife you can make 2 pts a day with ease!!!!!!! :eek:

JK .....keep it up!

5Pillars · Sep 21, 2006

Ride it down..........

http://www.charthub.com/images/2006/09/21/Untitled_1_2.png

john99 · Sep 21, 2006

well, 61.8% retrace broke on 3 day time frame for YM. Bouncing on 78.6% now. Heading to 11560??? I might look for another short setup, however it is late in the day and reversals around 2:50-3:10 happen often.

BoyBrutus · Sep 21, 2006

Quote from tradequicker:

WHEN TIIMES BECOME IRRELEVANT TRADING GETS BETTER.......EMINI INTRADAY THAT IS MIND BIAS TRYING TO OUTGUESS WHAT THE MARKET WILL DO........DEATH TRAP....IN THE LONGER RUN.....

Spike500 uses projection of time to target trend continuation. Not exactly sure how he uses it but its a high probability event.

He even made some good calls if I remember correctly.

Toss a coin and have a guess Porgie.

john99 · Sep 21, 2006

looking for short when smh comes to 33.60, this might be a good entry in 2-5min.

DonKee · Sep 21, 2006

Quote from 5Pillars:

Ride it down..........

http://www.charthub.com/images/2006/09/21/Untitled_1_2.png

Question for 5 pillars:

How does your delta handle program trading?

ie: Today, you'll note that almost all tick extremes were on the plus side, indicating buy programs. When these happen you get selling of the spu's and buying of the cash. The volume at that point is not directional as it is hedged.

I'm not sure it really matters, but I was just curious (by the way, I tick trade throughout the day, so I do watch the tick and tiki).

BoyBrutus · Sep 21, 2006

Downside seems limited to me. Maybe we will test the lows and beat by a tick or two at best.

Dont get caught in a possible small rally to close.

john99 · Sep 21, 2006

negative divergence on ER2 and positve on YM. possible 3-3:15 reversal setup. I'm done trading for the day. Expecting choppiness into the close.

5Pillars · Sep 21, 2006

Quote from DonKee:

Question for 5 pillars:

How does your delta handle program trading?

ie: Today, you'll note that almost all tick extremes were on the plus side, indicating buy programs. When these happen you get selling of the spu's and buying of the cash. The volume at that point is not directional as it is hedged.

I'm not sure it really matters, but I was just curious (by the way, I tick trade throughout the day, so I do watch the tick and tiki).

I have the TICK up on my charts but I have found that I pay moderate attention to it......the "delta" signals I use are not in any way hindered by "sell" or "buy" program activity.

It is still going to take a positive delta to move price up and a negative delta to move price down (intra-bar)............the "delta" keeps me knowing at all times what the "net" affect of the order flow is (or the "conviction" in the order flow).