Day Trading the E-mini Futures

[TheNegotiator 13]

I take it anyone who is here is just watching the release?

[roztom 10]

I take it anyone who is here is just watching the release?

 

Actually my face has melted on to the screen and I'm stuck... :missy:

[TheNegotiator 13]

Actually my face has melted on to the screen and I'm stuck... :missy:

 

lol

 

......................

[joshdance 10]

I take it anyone who is here is just watching the release?

 

Pretty much..........

[TheNegotiator 13]

Change in Non-farm Payrolls (MAR) = 120K 240Krev////205K(exp)/227K(prev)

 

Unemployment Rate (MAR) = 8.2% ////8.3%(exp)/8.3%(prev)

[TheNegotiator 13]

Holy Toledo!!!!!!!!!!!!!!!

[TheNegotiator 13]

HAHAAHHAHA there are those 77's!! :doh:

[roztom 10]

OMG!! I hate to say this but I sold 92.00 covered 80.75, 78.25... Mindblowing... and LUCKY...

 

I targeted a single down there from GBX and a NVPOC... & CHVN @ 77.00 ..

 

That was violant... Hate to be on the wrong side of that .. I had a very small position on... still it made up for yesterdays Dung Heap... Still the technicals said sell but it was a crap-shoot...

[joshdance 10]

March 6 low to March 27 high 50% ret is 1377.25

 

Will be interesting to see the mood of the closing in these last 30 minutes

 

Tom, good for you!

[TheNegotiator 13]

What a figure huh? Think about what we'd might have done had today been a standard trading session. It'll be interesting to see close into 9:15am(I think, right?) and overnight pre-mon rth open.

[roztom 10]

Here's the interesting question... Is it a buy down here or will it make new lows..assuming we had an RTH session? Or is 72.00 next? Thoughts?

 

BTW: Look how often we come up with these numbers and they don't get realized during RTH sessions...

[roztom 10]

I took a small long against 72.00 area plating with markets $..

[TheNegotiator 13]

How true Tom!

 

Here's a quick chart for reference down here:-

 

 

The low put in there was the 27.2% extension of the first move from the release.

[roztom 10]

Well: Never look a gift trade in the mouth...dumped my long gave a few $ back for the privelege... but that is ok... this market looks nasty...

[TheNegotiator 13]

Btw, 11:15 ET close in treasuries and good liquidity.

 

cme group holiday calendar

 

Note: this is not a trading suggestion!!!!!!!

[roztom 10]

BTW: I've IRT running from this morning about 2.5 hrs.. using apx 195K Memory..how does that sound??

[TheNegotiator 13]

195k sounds pretty low Tom-nice!

 

After that shock NFP, we have a few scenarios even with Europe closed. Attempt to continue down, attempt to get back into upper balance, not do too much. In each case, clearly it's important to monitor for "trade facilitation". i.e. are we going to like the attempted direction or reject it? Is a swoop lower on open going to find aggressive buyers? Is an attempt to close gap from Thursday going to find more sellers? These are important questions we have to try to answer as best we can each and every day.

 

Here's a couple of scenarios:-

 

[TheNegotiator 13]

77's could also be the upper test point. Just would prefer to see the 80.50 tested given it's prior importance.

[joshdance 10]

Morning all -- I am just watching so far, but have sold 75.50, looking for a retest of ON low at 72.50 and if this breaks, 69.25 -- not sure I am with the right side at the moment given the positive delta we've had here in the last 15 minutes, but I'll ride with it for a few more minutes here and give it a shot.

[joshdance 10]

sold 75.50

 

Too much struggle to get lower for me guys, so I closed for a tick loss, and actually reversed long. I usually don't do this but I think it may be a good idea here, long from 76.

[TheNegotiator 13]

Here's that old "setup" ()

 

[joshdance 10]

Too much struggle to get lower for me guys, so I closed for a tick loss, and actually reversed long. I usually don't do this but I think it may be a good idea here, long from 76.

 

Okay, I closed 1/2 at 78.00 -- stop is 76 on the rest, looking for 81s on the rest -- kind of a hard target as there are several areas of note here.

[joshdance 10]

Here's that old "setup" ()

 

:rofl: .

[TheNegotiator 13]

Okay, I closed 1/2 at 78.00 -- stop is 76 on the rest, looking for 81s on the rest -- kind of a hard target as there are several areas of note here.

 

Just so you know, midpoint and VWAP coming in around 76.00.

[joshdance 10]

Just so you know, midpoint and VWAP coming in around 76.00.

 

Aware, and gave it a couple more ticks of room partly for that reason -- 76 happened to be the "area" because it was my actual entry price. But often I will massage it a bit as it gets there.. I move my stops a lot, which people say never to do, but which I do as the action calls for it. So I still have 1/2 on now at 76, but I dunno, not very inspired by this so far. May close here soon in 77s.