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TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

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roztom    10

roztom
Posted

As long as we are considering Trend Day potential (ACH) the IBH might be another area to consider for continuation trades - risk though might be at the moment to below 1406 area..so not leaning that way unless a lot of things would align in that area...not a recommendation since I have proven that I am clueless :doh:

 

N: We posted htese together... Great minds think alike... :helloooo:

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joshdance    10

joshdance
Posted

As far as what is "above," here's a tpo profile of a portion of spx. If the cash can trade to 1418, it's really quite bullish IMO; in other words, the market should not go much past 1413. Testing this area of high volume here should really be sufficient, and the longer we hang out here the more bullish it is. A quicker rejection down would be the ideal scenario.

spxtpo.thumb.png.725835e71ccbc07cd0640e00d0030237.png

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roztom    10

roztom
Posted
As far as what is "above," here's a tpo profile of a portion of spx. If the cash can trade to 1418, it's really quite bullish IMO; in other words, the market should not go much past 1413. Testing this area of high volume here should really be sufficient, and the longer we hang out here the more bullish it is. A quicker rejection down would be the ideal scenario.

 

I have a CHVN @ 13.25 that migh be an obstacle but it has disappeared off my 405m but it probably aligns with your SPY TPO chart

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roztom    10

roztom
Posted

Got my 1414.50 for my last scale...ahead of 1415.25 and CLVN 1416.50... Depending on how we develop if we get rotation to a workable level I will do continuation trades as prev posted BUT..currently this is a one-way trend day... :missy:

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roztom    10

roztom
Posted

We have a interday lvn currebntly @ 12.50 & depending on structure stops could be in the 10.75 area as of right now... but given some time possibly the paper will move up and the risk side will go down for a continuation/rotation long... :2c:

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roztom    10

roztom
Posted
Thanks Tom -- regarding the nvpoc, I know it has not been touched in RTH, but the overnight session following that day, it tested, and has not come back since then. Do you find that overnight test of any significance?

 

I haven't sorted that out...I tend to give more creadence to RTH... I wish I knew statistically how valid GBX touches are compared to RTH... I still think there are enough traders who only look at RTH for those levels... and GBX are less...

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roztom    10

roztom
Posted
Looks like we're hanging around for another VPOC shift.

 

This is really a screamer today... maybe we will get some rotation over lunch after a test of current hod..

 

BTW..I can't imagine why someone would short here eventhough it is where one could short.. IMHO for a rotation..problem on a rotation is everyone (?) including me is waiting to be a buyer and one never knows where buyes might come for it... :2c:

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roztom    10

roztom
Posted
VPOC shifted while i was doing pretty picture :shocked:

 

That 12.50 still looks like good support but we might not rotate that far.. stops under 1414.75 -1414.00 area... based on me eyeing the 15m bars.. first test & rotation will be the best imho... of course subject to alignment.

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roztom    10

roztom
Posted

Suprised they can't get any more rotation out of this... I had a mini buy signal against the 14.75 area but they haven't even gottwen to the closest stops yet, just under 14.75 so there is nothing to do... no room and loads of stops just down below...

 

At least to my way of seeing it... you got to get some longs out by taking some close stops and also have enough room for some rotation so you can get a scale out and then go for further extension but this has no room.. IMHO..

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joshdance    10

joshdance
Posted

Hey guys.. still here and sad to say hung onto the short. Added some at 16.50 on the attempt to break it, and got out at 15.25 for a loss of about 1.5 points per contract. Not good trading. I was doing my taxes today while sitting here so I have been a bit absent from the screen.

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roztom    10

roztom
Posted
Hey guys.. still here and sad to say hung onto the short. Added some at 16.50 on the attempt to break it, and got out at 15.25 for a loss of about 1.5 points per contract. Not good trading. I was doing my taxes today while sitting here so I have been a bit absent from the screen.

 

Taxes!!! That will put you in a foul mood...:angry:

 

BTW, I'm taking mine to the PO after the close to send registered mail...dem bums..

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joshdance    10

joshdance
Posted
Any of you ever wonder why we're pretty much the only guys here, posting stuff or even just lurking?

 

I always figured it was because I am annoying and it's easier to just leave than read all my crap...

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roztom    10

roztom
Posted
I always figured it was because I am annoying and it's easier to just leave than read all my crap...

 

Well, actually, now that you brought that up...... :rofl: I'm sure my rants piss everybody off... I even get annoyed when I read my own stuff...:crap:

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CYP    10

CYP
Posted
Any of you ever wonder why we're pretty much the only guys here, posting stuff or even just lurking?

 

I'm definitely lurking today -- I'm in Josh's camp with my mind thinking of something else but still wanting to be involved with the Market. That's a sure sign that I should have gotten out 4 hours ago. :)

 

Interested to see how the day will end as we approach the final hour.

 

CYP

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TheNegotiator    13

TheNegotiator
Posted
Hey guys.. still here and sad to say hung onto the short. Added some at 16.50 on the attempt to break it, and got out at 15.25 for a loss of about 1.5 points per contract. Not good trading. I was doing my taxes today while sitting here so I have been a bit absent from the screen.

 

Yeah, it happens sometimes. It shouldn't but it does. You'll look over the market later(if you haven't already) and see all these obvious reasons to have not stayed in. ES in this mode is not especially forgiving. However you look at it, you are generally trading well. So keep that in mind when you trade tomorrow. Not that I need to say any of this of course. Statisically, days like these are inevitable.

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roztom    10

roztom
Posted
I'm definitely lurking today -- I'm in Josh's camp with my mind thinking of something else but still wanting to be involved with the Market. That's a sure sign that I should have gotten out 4 hours ago. :)

 

Interested to see how the day will end as we approach the final hour.

 

CYP

 

Well, I had a long fire off at 1:10ish cst against 14.75 but that's not my kind of trade location for reasons I already posted... In addition..I have nothing but htin air up here and not too many reference points to target... 1419.50 ish, 1423.00 ish and 1424.75...

 

One of the things that I note is that the average big move these days is 20pts so we are basically in the ballpark...but I am clueless since we all know we don't know... :2c:

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TheNegotiator    13

TheNegotiator
Posted

I am none too keen on these days myself Tom. I tend to lose myself in the lack of rhythm and end up being caught out when a ton of interest comes in. That's what I am looking for now. A break in the monotony to give me a chance to roll the dice one last time today. Not been bad to me so I have no need to force it either.

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