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goodoboy
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Everything posted by goodoboy
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Good comment, I will look into the VWAP study and add to my chart.
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Thanks and good point. The support I was watching this morning was the pivot point, the 38.2% retrace from yesterday LOD to HOD. Plus since last night es had pulled back, but not below pivot point. but i didn't think of the measure move on the bull flag and didn't buy. See the picture.
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Thanks you are right. My risk was only 3.5 pt stop loss, right below the 200ema (15 min chart). You are right, I should have been thinking of the reward cause my risk was small. I will note that. my risk would only been 3.5pts but my reward could have been 8 pt atleast provided the HOD was broken. Then on to 1373 as we discussed. Very good point.
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Thanks and I agree. There are two back to back bull flags that develop over the last three days. It was a bit risky pulling the trigger long dis morning at the pivot point knowing Ben Bernanke would be talking soon. I kind of regret it now!
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Thanks for the explanation, its making some since and the context of the market after a rally makes a difference for trade at that.
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Thanks for replying and yes would be more than happy for a chat to understand the chart better. My skype id is goodoboy25 and I be home about 6pm central. Let me know a good time for you and I will be online. Yes, I agree our position size can't move market. Market context is so true. Thanks again.
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Thank you and I agree with the keep it simple. At times I feel all over the place and can't stick to what I know already cause of this-and-that. I need to scale it down, but still keep market context on the table.
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Thank you, Where can I get more information on how analyze the chart and understand fully to see if I am comfortable with trading off the volume on 5 min chart? Can it be used on the 15 min chart as well? Thanks
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Thank you. So you don't follow the SPX or DX as further evidence of ES trading? I am just asking, practicing, and learning so I figure its best to ask questions to real live traders out here as i learn. I am thinking about just nailing it down to the ES charts as well. The delta chart is the chart that shows changes in volume on bar chart right? Thank you.
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Thank you for sharing. Yes, the 1356 area was good short. Do you only trade off the /ES chart alone?
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One which timeframe you was watching the volume at 1343? Thank you
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Thank you and what you say make sense.
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I agree! And that's what I am studying to improve my trading.
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Thank you, can you please show the gap and triangle you are referring to?
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Thanks for this information. Did you speculate 1353-1354 was in sight yesterday because of possible double top (or resistance) coming from on July 10 on the ES? Thank you
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Thanks for responding. So your goal was to jump on the trend, to get in, correct? I also, wanted in on the rally yesterday, but I was waiting on a retrace back to R1 pivot, 1349.25. ES not got back to that level. I struggle with jumping on the trend during big trend days up or down. That is the premise of this strategy. You can see that 1344 was touched and was the low of the pullback. But my entry also had confirmation from the buying going on at 10:25. Later - at 10:25 - you can see more aggressive buying coming in at a similar price which is where I went long at 1344.50 Thanks, correct I saw the posting. The big institutional is the only buyers to buy with this big volume. Correct me if I am wrong. Market is going up. On trend days, should get in and hold. My only problem I am working on is find a method to getting in. still learning. Thank you for the posting. Do you use volume as your main indicator?
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Thanks for responding So the chart shows the tells you the volume difference between buyers and sellers at each tick? Just to make sure I understand the chart better, you mentioned "This is the chart which showed me that 1344-1344.50 was being aggresively bought with high volume." How do you know this looking at the chart? I am looking at the chart and at 10:05 bar, I see a blue 6449 at 1344. Thank you.
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Thank you for sharing your analysis. Can you please provide info on the type of chart you using for volume? Can I find this on thinkorswim or is this custom built? I am trying to understand how you use this chart. Thank you
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Thank you all, Will look more into candlesticks to determine what I am looking for. Thanks
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So far, I am doing fair on the ES trading compared to where I was about 4 months ago. I mainly use technical analysis to trade the ES. Lets say the es is moving downward since the open bell and come to key area of support, for instance a pivot. If I want go short at this pivot, is there any price action or method i can use to determine to take the trade short or not? Rather than just going short at that support, because the minor trend is down for the day. Vice versa for if I want to go long on a day when trend is up, and price action comes to a resistance. Thank you
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Hello, I am a new trader thats been in the stock market for about 3 years. I been practicing trading stocks and more into future now. I work full-time job and love my job and no plans to trading full-time. But I do enjoy trading /ES future on a part time basis, maybe 4 trades a week. I wanted to buy a new computer and attached 4 screens to it for better viewing so I can reviewing my charting at night when at home to prepare for the next day or week or month. I will on be on the computer for about 3 hours a night. Will this computer and 4 more screens work for me and my situation? http://www.walmart.com/ip/Dell-Piano-Black-Inspiron-570-Desktop-PC-with-AMD-Athlon-II-X2-250-Processor-4GB-Memory.-20-Monitor-500GB-Hard-Drive-and-Windows-7-Home-Premium/19590884 I know I need to check if the mother board supports two video cards.
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My friend wants to short the ES playing the job data in the morning. He believes the data will bad. If he puts a 3 points stop whats the chances of that stop not getting filled because the price action moving so fast? Thanks,
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I appreciate your work and analysis. Keep it going.
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Thank you for the post. I am trying to get alot better at recognizing and understanding key support and resistance levels.
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Good work Buddy, well appreciated.