Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

Recommended Posts

roztom    10

roztom
Posted

I did reverse in the hole..not crazy about location... S 91.75..

 

have laid scales out 89.25, 86.50 & 81.00 ..since don't have good location I have a short leash on these...

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
I'll take my loss around 89.75, but if it goes north I'll scale 92.50, 93.50, and 95.50 - 97, depending.

 

This pooch has to make up its mind here 92.00 ish level... :confused:

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
I'll take my loss around 89.75, but if it goes north I'll scale 92.50, 93.50, and 95.50 - 97, depending.

 

Well, I scaled off first portion at 92.50, now I am risk free with a stop at 90.25, 2 ticks below average entry price. 93.50 is next target, followed by higher hopefully. But if stop is hit, I still made a profit.

 

I must admit that today's market is a bit different than yesterday's market. It is moving strangely--just my label for it, maybe it's heaven to some. But it's not my ideal type of behavior.

 

 

This pooch has to make up its mind here 92.00 ish level... :confused:

 

Smells like a bull to me, but then again I am long and probably biased, and have not exactly been in sync today either so we will see.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted (edited)
Well, I scaled off first portion at 92.50, now I am risk free with a stop at 90.25, 2 ticks below average entry price. 93.50 is next target, followed by higher hopefully. But if stop is hit, I still made a profit.

 

I must admit that today's market is a bit different than yesterday's market. It is moving strangely--just my label for it, maybe it's heaven to some. But it's not my ideal type of behavior.

 

 

 

 

Smells like a bull to me, but then again I am long and probably biased, and have not exactly been in sync today either so we will see.

 

I've been late on some stuff. My levels are good but my locations have had me at a disadvantage... this mornings good work has gone the way of the doh - doh bird...

 

Might be jumping out of these shorts soon...

 

If we take out 92.75 then probably you will get your wish...

Edited by roztom

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
Well, I scaled off first portion at 92.50, now I am risk free with a stop at 90.25, 2 ticks below average entry price. 93.50 is next target, followed by higher hopefully. But if stop is hit, I still made a profit.

 

In the spirit of "don't be a dick for a tick" I closed 2nd unit at 93.25

 

Stop is 90.75 on final unit (BE), and will see if we can get a late day rally here to the mid/upper 90s. I'm not convinced, but it's a free trade, so will let it go. Target is "officially" 96.50.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

I am flat...dropped a point on that..& missed first scale by a tick... :doh:

 

This is tough... leaning to the upside but choopy, choopy....

 

I'm going to watch you... :missy:

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
depends whether the next downward rotation expands or contracts...

 

Unfortunately we only know this information (expansion or contraction) AFTER the rotation has occurred, which means that we will only have a confirmed bias AFTER we know basically whether it rotated further down (giving a short bias) or up (giving a neutral to long bias).

 

Or am I misunderstanding what you're saying?

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
Unfortunately we only know this information (expansion or contraction) AFTER the rotation has occurred, which means that we will only have a confirmed bias AFTER we know basically whether it rotated further down (giving a short bias) or up (giving a neutral to long bias).

 

Or am I misunderstanding what you're saying?

 

True. But you have to consider whether you have a position already or are looking for a bigger move later on. Here's a 2 day profile anyway:-

 

attachment.php?attachmentid=28363&stc=1&d=1333655246

2012-04-05_4.jpg.6cbabf11628c618fabaa91861ed1bf18.jpg

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
In the spirit of "don't be a dick for a tick" I closed 2nd unit at 93.25

 

Stop is 90.75 on final unit (BE), and will see if we can get a late day rally here to the mid/upper 90s. I'm not convinced, but it's a free trade, so will let it go. Target is "officially" 96.50.

 

I do not like the volume reaction here at 94s, so I am flat for 3.25 on the final unit at 94 even.

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
I do not like the volume reaction here at 94s, so I am flat for 3.25 on the final unit at 94 even.

 

We're right in the middle of "value" so "price action"(:D) may well not be clean.

 

What's the betting we close somewhere between 91-95.50? I think if volume dwindles that is more likely. If there's a surge to close out positions ahead of the holiday it could break higher imho due to location within broader balance.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
We're right in the middle of "value" so "price action"(:D) may well not be clean.

 

What's the betting we close somewhere between 91-95.50? I think if volume dwindles that is more likely. If there's a surge to close out positions ahead of the holiday it could break higher imho due to location within broader balance.

 

haha ;)

 

Certainly 97 or so is possible in these last couple of minutes, but given the way it's moving, and the reaction at 94 (bearish IMO), and given that the market will only have 10 minutes to get up there, I'd rather take my money and run... did not smell like what buying into the close should smell like. To try and be objective: not enough buying on the way up. Bids did their job at 90/91, but it takes more than bids to push like I wanted it to.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
We're right in the middle of "value" so "price action"(:D) may well not be clean.

 

What's the betting we close somewhere between 91-95.50? I think if volume dwindles that is more likely. If there's a surge to close out positions ahead of the holiday it could break higher imho due to location within broader balance.

 

Is that called the "over/under" ? :rofl:

 

I "think" 95.75 might get taken but the action bites it...

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted (edited)

See you guys. I might be in here for the morning just to check it out..if I don't see you have a Great Weekend..

 

This market was a dung heap today

Edited by roztom

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

It looks like a new ver of IRT got released after the close or thereabouts...

 

I downloaded it and "possibly" the memory leak issue I was having is gone... not completely gone but I ran 3 or 4 playbacks of today and it got to about 720meg or whatever it is but nothing crashed, etc...

 

I might be nuts so I won't know until I can put a full day of RTH on this whether or not it will be ok... bit I did send my layout to Bill Linn to check out - maybe this is the result of that... :confused:

 

N: did you get your Line issue fixed?

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
It looks like a new ver of IRT got released after the close or thereabouts...

 

I downloaded it and "possibly" the memory leak issue I was having is gone... not completely gone but I ran 3 or 4 playbacks of today and it got to about 720meg or whatever it is but nothing crashed, etc...

 

I might be nuts so I won't know until I can put a full day of RTH on this whether or not it will be ok... bit I did send my layout to Bill Linn to check out - maybe this is the result of that... :confused:

 

N: did you get your Line issue fixed?

 

Yeah I just updated it and it seems to be fine now.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
Lol.

 

Yeah the line issue went with 10.5.3 new version.

 

I'll be curious to hear once we are back to full sessions if you see anything different on the memory useage...

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing

  • Similar Content

    • Quantower
      Trading with Power Trades tool on ES and NQ futures
      By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • makuchaku
      Volume profile analysis of SPY for 2019
      By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • TraderJoe
      Volume Profile NT8
      By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards

  • Topics

  • Posts

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept