Day Trading the E-mini Futures

[joshdance 10]

Anyone know of any codes for spanish debt (probs 10yr is best) for DTN?

 

Funny you should ask:

 

Telvent DTN Forums

[TheNegotiator 13]

Funny you should ask:

 

Telvent DTN Forums

 

I'm not too fussed about the yields, just wanted quotes. Bond price up = yield down basically. So a quote for Spanish 10yr Bond would be just fine.

[joshdance 10]

I'm not too fussed about the yields, just wanted quotes. Bond price up = yield down basically. So a quote for Spanish 10yr Bond would be just fine.

 

Could not find it, but for these things I usually use bloomberg .. faster and cleaner

 

SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Chart - GSPG10YR - Bloomberg

Italy Govt Bonds 10 Year Gross Yield Chart - GBTPGR10 - Bloomberg

[TheNegotiator 13]

Yeah I found those too

 

What lovely opex action we're getting right now!! :crap:

[joshdance 10]

Here is the MW chart for spanish yield curve:

 

ES 10Y Govt Bond Benchmark, 10YR_ESP Bond Quote - (ICAPSD) 10YR_ESP, ES 10Y Govt Bond Benchmark Bond Price

 

Could not find the yield on bloomberg, but at least MW has it. Not sure why having it in IRT would be much benefit anyway.

[joshdance 10]

What lovely opex action we're getting right now!! :crap:

 

I bought 82 the last time, and when the volume insanity ensued at 84 on the next attempt (that's a "reaction" for the record), I exited half there and was out at 83 on the rest. A bit cautious about buying at this point...

[TheNegotiator 13]

Here is the MW chart for spanish yield curve:

 

ES 10Y Govt Bond Benchmark, 10YR_ESP Bond Quote - (ICAPSD) 10YR_ESP, ES 10Y Govt Bond Benchmark Bond Price

 

Could not find the yield on bloomberg, but at least MW has it. Not sure why having it in IRT would be much benefit anyway.

 

Potentially an extra bit of info to make good decisions with.

[joshdance 10]

Potentially an extra bit of info to make good decisions with.

 

Yeah I get that, but not sure why it needs to be in IRT and not a web browser. Doesn't matter anyway, personal preference I suppose.

 

What I would like to know is an "official" web site for the results of the spanish bond auctions. I looked at their central bank's site, but could not find it.

[joshdance 10]

The sellers just struggled WAY too much below 82... three pushes, only a tick out of each. As long as 83.50 / 84 can hold, I don't see why we can't get 86.75 or even 88.75 pretty easily.

[karoshiman 10]

The sellers just struggled WAY too much below 82... three pushes, only a tick out of each. As long as 83.50 / 84 can hold, I don't see why we can't get 86.75 or even 88.75 pretty easily.

 

I see potential for even higher... maybe Negotiator's 92.50...

[slick60 10]

Here is what I see at present. Once the bell curve is complete in the "P" pattern we shall see which way they wish to take it for now.

 

2012-04-18_1106 - slick60's library

 

slick 60

[karoshiman 10]

That's some crazy action today...

[joshdance 10]

That's some crazy action today...

 

I still prefer it to yesterday's sleep-fest .. at least it keeps me awake.

[joshdance 10]

Here is what I see at present. Once the bell curve is complete in the "P" pattern we shall see which way they wish to take it for now.

 

2012-04-18_1106 - slick60's library

 

slick 60

 

Why does the market need to form a normal distribution? On what time frame are you talking about, today only?

[slick60 10]

Why does the market need to form a normal distribution? On what time frame are you talking about, today only?

 

Hi Josh

Peter Steidlmayer teaches that markets move in 4 steps. New moves begin out of completed bell curves. We do not have one of those at this time as I see it taking into account the market action from yesterday at 8:30am EST. The step one trade kick off out of the completed bell curve is the most profitable and least risk trade.

My observations see that the TPO mode and HVN mode work back together often. Waiting to see if this takes place today.

My time frame at present is observing the 15 minute profile development together with 15 minute indicators chart. Also very aware of the larger composite picture.

 

http://screencast.com/t/hOJbns9C

 

slick

Edited April 18, 2012 by slick60

[joshdance 10]

Hi Josh

Peter Steidlmayer teaches that markets move in 4 steps. New moves begin out of completed bell curves. We do not have one of those at this time as I see it taking into account the market action from yesterday at 8:30am EST.

 

Yes slick, I've heard from him (and others) as well -- can you give an example of how this scenario occurred at another time? The problem I've had with this idea is that markets are not normally distributed; so, we have to look for time periods to draw the profile such that they are distributed, and it seems a bit arbitrary to me. So, looking for some clarification on this concept if you have some ideas.

[karoshiman 10]

I still prefer it to yesterday's sleep-fest .. at least it keeps me awake.

 

lol... but I'd rather make a profit while sleeping, instead of being chopped, while being excited...

[joshdance 10]

lol... but I'd rather make a profit while sleeping, instead of being chopped, while being excited...

 

lol, this is true -- but I am more profitable today so far than I was yesterday -- days like yesterday are the worst for me.

[slick60 10]

Yes slick, I've heard from him (and others) as well -- can you give an example of how this scenario occurred at another time? The problem I've had with this idea is that markets are not normally distributed; so, we have to look for time periods to draw the profile such that they are distributed, and it seems a bit arbitrary to me. So, looking for some clarification on this concept if you have some ideas.

 

Josh

My post 3461 yesterday shows a couple examples

 

slick

[TheNegotiator 13]

Yes slick, I've heard from him (and others) as well -- can you give an example of how this scenario occurred at another time? The problem I've had with this idea is that markets are not normally distributed; so, we have to look for time periods to draw the profile such that they are distributed, and it seems a bit arbitrary to me. So, looking for some clarification on this concept if you have some ideas.

 

For me, balance forms and balance breaks. Once there is an indication that balance is forming, it can continue or quickly break out. If it continues, it is likely to bring in more traders playing the balance. As it saturates or "matures", there is a greater chance that when it does break, the move to explore new prices will be more substantial. After all, there's no reason why range can't expand to some extent to swallow up nearby important prices.

 

A break doesn't necessarily occur totally because the profile is complete, but more because the balance is mature. The longer the balance matures, the greater the chances are of it breaking- naturally.

 

But a complete profile can show a mature balance

[slick60 10]

A couple of PDF's from the master and the apprentice which I think bring profile to the point very well. Short specific instructions. That is what I like about these.

 

http://www.earnforex.com/forex-e-books/forex-market/intro_to_market_profile.pdf

 

http://www.iiedge.com/Docs/Trading%20Order%20Flow%20with%20Market%20Profile%20by%20Robin%20Mesch.pdf

 

slick60

[slick60 10]

For me, balance forms and balance breaks. Once there is an indication that balance is forming, it can continue or quickly break out. If it continues, it is likely to bring in more traders playing the balance. As it saturates or "matures", there is a greater chance that when it does break, the move to explore new prices will be more substantial. After all, there's no reason why range can't expand to some extent to swallow up nearby important prices.

 

A break doesn't necessarily occur totally because the profile is complete, but more because the balance is mature. The longer the balance matures, the greater the chances are of it breaking- naturally.

 

But a complete profile can show a mature balance

 

Hi The Negotiator

Would it not depend on what time frame you are in? What your trade objective might be?

I see a lot of a few ticks trades and if that is the game then balance and maturity can be earlier than one looking to sleep on a position overnight. Watching upon completion to see if the move out of the bell curve balance takes place with conviction is wise. And I certainly do agree that the range can extend to a maturity of longer time frame.

Since I read and studied Peter and Robin it has given me more confidence upon the entry. Also Peter is now teaching volume strip analysis which I tie into the HVN somewhat. Makes sense. Someone just committed a lot of money to the move. Maybe wise to go with them. I would love to be able to evaluate the quality of the money coming in at the time.

 

slick

[TheNegotiator 13]

Hi The Negotiator

Would it not depend on what time frame you are in? What your trade objective might be?

 

Yeah of course. The market is made up of many different sizes of balance and depending on your objectives, the balances which you choose to play (or how long you choose to play them for) may differ.

[karoshiman 10]

lol, this is true -- but I am more profitable today so far than I was yesterday -- days like yesterday are the worst for me.

 

 

That means you like to fade moves more?

 

I had a nice profit during globex session but gave it all (and more) back this morning ... talking about "balance", I am waiting for a breakout of this consolidation to get back in...

[joshdance 10]

That means you like to fade moves more?

 

I had a nice profit during globex session but gave it all (and more) back this morning ... talking about "balance", I am waiting for a breakout of this consolidation to get back in...

 

I do have that tendency but do not do it as much as I used to.

 

Yesterday I was long and after scaling had a BE stop at 73. The market ticked to 71.75, and then began its move up. At that point I was waiting for a pullback to enter but the strength was so much that I just watched all day. Not saying it's good, but it's what I did.