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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

Was late on gwetting long: B.. 1403.00 sc 1/3 1405.25, Target 1408.00 ahead of 3/28 high 1408.75 & final 1410.75 ahead of nvpoc1411.75...

 

I'm a bit sloppy on slightly entries today..a three qyrs to a point is a lot...

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roztom    10

roztom
Posted
I sold here at 08 just now, with another coming at 08.75

 

I am looking for rotation to add 1404.75 is a lv notch currently on th eProfile..so that area "might" be of interest if we get there..for a long... this is initiating behavior imho so and the trend is up so I suspect there is fuel sitting up here... of course this will; probably have rotation at some point...stops are way below us in the inter-day timeframe so if we spend a little time and put a few 15m bars in that would IMHO set up fuel for a downward rotation for stops that would eventuially cluster under there... :2c: No guar of course if it will rotate or not march higher... ACH... I'm personally hoping for rotation... esp with that NVPOC up there...

Sorry for the crummy typing but am trying to do this quickly and stay focused..

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joshdance    10

joshdance
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?

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roztom    10

roztom
Posted (edited)

Added 1405.50 for rotation up... :helloooo: 1405.00 would have been better...sloppy, sloppy :crap:

 

If this is a 15m flag... then close @ 1415.25 is "possible" based on measuring objective ..of course structure could break down...

 

Still goping to scale in front of NVPOC & then hold small balance for externded target: "Hail Mary Pass" - unless structure say something different..ACH..:missy:

Edited by roztom

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joshdance    10

joshdance
Posted
Added 1405.50 for rotation up... :helloooo: 1405.00 would have been better...sloppy, sloppy :crap:

 

Also bought 05.75 just now tom, looks like a decent spot to resume up.

 

edit 10:50, just scaled at 07.25, looking for 09s

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roztom    10

roztom
Posted

If this 15m bar closes tall "and" we can get through the current HOD 1408.50 then I would suggest VERY strong to upside... :2c: and that 1415 extended target or new HOM possible... I would be out of bullets if that were to happen but I am still going to be playing continuation trades if they set up with worthwhiole targets...

 

 

Josh: BTW, what did you base your short on? I have MicroLVN 1408.75 but what were you doing there?

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roztom    10

roztom
Posted (edited)

If we don't rotate back down and take 1404.75 by more than a tick or better not at all over the next half hour then "three in a row and there you go" will be in play.. I would like to see a bit more RE without downward rotation..if so "Possible" trend day-ish setting up..of course I could be into the "poppys" over here since I am touting my positon.. ACH... :confused:

 

BTW..now this comment may be premature since we're only 18min into G period but there is a developing micro-lvn @ 1409.00...it might be setting up another balance area... still too early to tell since the MLVN is at IBH ..it is worth keeping an eye on - of course it could fill in... :2c:

Edited by roztom

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joshdance    10

joshdance
Posted
Josh: BTW, what did you base your short on? I have MicroLVN 1408.75 but what were you doing there?

 

3 things:

 

1) location, least important: 2012 profile top of balance area, LVN, but big picture

 

2) location, most important: Top of the overnight consolidation range was about 09. Basically, look left, see last major supply where it fell pretty hard from, and that was a good location. Simple 5 minute chart shows it beautifully but I also attached a CVB chart. Note the strong drop after consolidation. Based on this, there are bound to be some sellers here again. Market loves to test the middle portion of this red box.

 

3) market action in the present: shape of the market as it moved up was too constant and linear to not pull back, in all likelihood. Look at a 500V chart and you'll see what I mean. A strong push up with consolidation is dangerous, but the sustained buying was bound to meet at least some selling, and all I was looking for was a move back to 05s. T&S was not wild enough to show likelihood of continued buying pressure without at least a 2 point or so rotation. Compare that to the action right now as it makes new highs... not as likely at these new highs for a good short compared to earlier, IMO.

1.png.57da03da482f7641b785870c4e207c81.png

2.png.ea6302b74a3927e1cd578414b2c55db7.png

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roztom    10

roztom
Posted
3 things:

 

1) location, least important: 2012 profile top of balance area, LVN, but big picture

 

2) location, most important: Top of the overnight consolidation range was about 09. Basically, look left, see last major supply where it fell pretty hard from, and that was a good location. Simple 5 minute chart shows it beautifully but I also attached a CVB chart. Note the strong drop after consolidation. Based on this, there are bound to be some sellers here again. Market loves to test the middle portion of this red box.

 

3) market action in the present: shape of the market as it moved up was too constant and linear to not pull back, in all likelihood. Look at a 500V chart and you'll see what I mean. A strong push up with consolidation is dangerous, but the sustained buying was bound to meet at least some selling, and all I was looking for was a move back to 05s. T&S was not wild enough to show likelihood of continued buying pressure without at least a 2 point or so rotation. Compare that to the action right now as it makes new highs... not as likely at these new highs for a good short compared to earlier, IMO.

 

GOt it...you're a much better "market dancer" than me.... :rofl:

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TheNegotiator    13

TheNegotiator
Posted
If we don't rotate back down and take 1404.75 by more than a tick or better not at all over the next half hour then "three in a row and there you go" will be in play.. I would like to see a bit more RE without downward rotation..if so "Possible" trend day-ish setting up..of course I could be into the "poppys" over here since I am touting my positon.. ACH... :confused:

 

I don't know. There are certainly things suggesting a trend day, but then there are things which are not at the same time. Delta is not persistent, as in the first two swings higher. The way price is changing feels a bit like a game of "cat and mouse" in that they make it look weak before pulling offers/stacking bids. Still in the back of my mind something is saying "why the hell would they wanna commit with important nfp on fri and earnings season just starting?"

 

I don't know. This thinking sometimes is a dangerous thing...

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joshdance    10

joshdance
Posted

Reshorting up here at 10, and looking for rotation to 07.50 -- tight leash probably here

 

edit: added 1 more at 11.25, basis is 10.50 -- will let it work a bit but won't get too crazy

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roztom    10

roztom
Posted

Got my next scale @ 1410.75 in front of NVPOC 1411.75... I am holding a small position now for the 1415.25 area... but I am still going to be looking for continuation longs if we get viable ":haha: SET UPS" (Josh)

 

EDIT: My measuring objective from the archaic bar chart is the 1415.00 area and we have a CLVN 1416.50... that's all I think I know :missy:

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joshdance    10

joshdance
Posted
":haha: SET UPS" (Josh)

 

lol, good one buddy ;) as I said in that thread, it's a bit tongue in cheek and meant to be fun -- nice job on your long so far by the way, way to work it! I'd say your market dancing is superior to mine at the moment :)

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roztom    10

roztom
Posted
lol, good one buddy ;) as I said in that thread, it's a bit tongue in cheek and meant to be fun -- nice job on your long so far by the way, way to work it! I'd say your market dancing is superior to mine at the moment :)

 

Nah, you do a good job..I think we all do given the nature of the beast.. Most don't have the stones to hang it out there & post win/lose or draw... This thread is the "real deal" imho...

 

N: Good thread... :2c:

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