Using S+P premium levels in emini trading ?

Quote from aspenboy:

As traders,we all recognize and appreciate the value of simplicity. Would someone mind please, in laymans terms, giving me some suggestions as to how to incorporate prem/fair value levels into my intraday ES trading? If there is a correlation between the two that has proven helpful in anticipating short term mkt. direction...
Thank you !
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Two words:

Order imbalance.

Now what you and others choose to do with an order imbalance is the question. Some sell into an order imbalance in an effort to unload quantiity which would otherwise be difficult to move without affecting the price adversely. Whereas others may choose to join the move and add to the momentum. Only experience will help you with that aspect. Even with experience you may not always have it correct and the moves are fast. It takes awhile to learn all the intricacies involved. Then you have to incorporate the data quickly enough to profit from it. Think "Blink." Read it and understand.....

Blink: The Power of Thinking Without Thinking (Hardcover)
 
Quote from jack hershey:

Simplicity is a good idea.

Since the offset varies going through each quarter that has to be taken into account.

Because the index is tied to the cash that has to be taken into account.

Because the cash and the index do not quite move together that has to be taken into account.

Then there are the characterisitic of the trader which are quite numerous to be sure.

I hope you find what you want and I do see that you have noticed that itis not out there and all over the place. There are reasons.

One thing about trading is that once you have knowledge and skills it seems to be quite "simple". It is, in fact.

There seems to be an impediment to getting to the place where it is simple. The impediments are spoken about by people on each side of this impediment.

I wish it weren't so but that is one of the things people on each side do agree upon. There is an impediment.

There is little or no value in discussing it. Nothing will change as a consequence.
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Jack...talk to me...pls. :)
 
Quote from duard:

Two words:

Order imbalance.

Now what you and others choose to do with an order imbalance is the question. Some sell into an order imbalance in an effort to unload quantiity which would otherwise be difficult to move without affecting the price adversely. Whereas others may choose to join the move and add to the momentum. Only experience will help you with that aspect. Even with experience you may not always have it correct and the moves are fast. It takes awhile to learn all the intricacies involved. Then you have to incorporate the data quickly enough to profit from it. Think "Blink." Read it and understand.....

Blink: The Power of Thinking Without Thinking (Hardcover)
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Thank you for the response !
 
Quote from basis:

WTF?

Sorry you didn't like my post, mods ... for those few who can see this one, I said that Jack's post was incorrect.

Well, this board has always kinda sucked ... your loss. Way to drive off a person who actually trades.
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i hear you brother! i hear you big time!

mb
 
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