Day Trading the E-mini Futures

[bakrob99 11]

Humbling experience posting one's thoughts. Obviously we should have used the 1400 area as a target . Chasing price is NOT in my plan. Time to walk the dog.

[goodoboy 10]

long 1401.75, managing this one closely

 

bought on pull back after price jumped up above 1402 and retraced.

Edited August 24, 2012 by goodoboy

[TheNegotiator 13]

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[goodoboy 10]

long 1401.75, managing this one closely

 

bought on pull back after price jumped up above 1402 and retraced.

 

out 1408. man-o-man, finally getting somewhere after a long week, breakevens, missed trades, studying charts, asking 100 questions. Now, back to reading and study!

[goodoboy 10]

 

Will patiently be stalking a short after the RTH opens up. Premarket trading continues to be very good. It is quickly becoming my preferred time to trade.

 

Less algos and crappola going on.

 

This was my plan in premarket as well. The trend of the moment was down and I thought I may as well get on board. Premarket trading is fine with me as well as long as direction is notice and entry is right what I want.

[goodoboy 10]

Overnight so far it seems we are looking to push lower and have shown little appetite for a move back up. We are approaching the lower end of the 8/7-8/15 range at 1392.00 (drawn in chart from 8/6-8/15) so buyers imho are going to need to 'turn up' soon or we might be heading for a test of 80.75 and possibly beyond. Who knows though, ach. :missy:

 

 

Thanks for the volume profile and write-up. Dismorning,the short seemed obvious, but in this business, quickly learning to be ready to change direction.

[Manihi 10]

out 1408. man-o-man, finally getting somewhere after a long week, breakevens, missed trades, studying charts, asking 100 questions. Now, back to reading and study!

 

 

That was a very nice trade.

 

Manihi

[goodoboy 10]

That was a very nice trade.

 

Manihi

 

Thank you, I think it was good too.

[goodoboy 10]

long 1413, target HOD. will hold if if HOD is reached and in anticipation of breakout.

 

If breakout occur, I will just manage the trade going upwards. Target 1420. stoploss 1311.

[Predictor 11]

goodoboy.. a bit late to party? don't you think?

[goodoboy 10]

goodoboy.. a bit late to party? don't you think?

 

HAHAHA, yeah I may be a bit late, but after that break out of that trading range (1407.50-1409.50) down there, I didn't see a retrace back to 1409.50, so I missed that. Trend of the moment is upwards, so I am buying on retrace at 1413. I wanted to make sure I got the direction right.

[goodoboy 10]

goodoboy.. a bit late to party? don't you think?

 

I will either be RIGHT or RIGHT back out.

[goodoboy 10]

long 1413, target HOD. will hold if if HOD is reached and in anticipation of breakout.

 

If breakout occur, I will just manage the trade going upwards. Target 1420. stoploss 1311.

 

Exit the trade at 1312.

[bakrob99 11]

13:46 EDT ... Feels really heavy to me. Possible major sell off in the works. Short now from 1412.50 and trying to hold, possible add to it.

 

Might be wrong - but if I'm right it will really gain momentum to the downside and test Friday's lows.

 

UPDATE 30min later ... man, now I don't care whether it goes up or down. Just move somewhere!

Edited August 27, 2012 by bakrob99

[Predictor 11]

Far exceeded target for today... looking for possible long entry at 11 but may just call it day.

[bakrob99 11]

Far exceeded target for today... looking for possible long entry at 11 but may just call it day.

 

Good going. Not the easiest day for me as I am cautious on Mondays. Decided not to take the early short and regretted it. Did have a nice long but now I'm short and wondering why.

 

There's evidence of buying but price is not moving up and this can lead to big selloff. We'll see. 50-50 now.

 

UPDATE over 1/2 way thru a 30min bar and we have only 6000 contracts on it. No one is here. Hello !

[Predictor 11]

I don't think we will extend range to either side much. I feel it is slightly higher probability we re-test the highs of the range but not seeing strong evidence either way.

 

Good going. Not the easiest day for me as I am cautious on Mondays. Decided not to take the early short and regretted it. Did have a nice long but now I'm short and wondering why.

 

There's evidence of buying but price is not moving up and this can lead to big selloff. We'll see. 50-50 now.

[bakrob99 11]

Finally ! It's moving and went down enough for me to scale out 1/2 and hang on to the rest.

[Predictor 11]

I think based on action.. cover 100% would be best.

 

Finally ! It's moving and went down enough for me to scale out 1/2 and hang on to the rest.

[goodoboy 10]

13:46 EDT ... Feels really heavy to me. Possible major sell off in the works. Short now from 1412.50 and trying to hold, possible add to it.

 

Might be wrong - but if I'm right it will really gain momentum to the downside and test Friday's lows.

 

UPDATE 30min later ... man, now I don't care whether it goes up or down. Just move somewhere!

 

I can agree with that. Just fall down ES. Its making lower highs anyway. Fall down

[Predictor 11]

Entered long.... small trade here.. exited for small profit... good drive from entry but no follow through... some selling evident

Edited August 27, 2012 by Predictor

[bakrob99 11]

Still short and expecting NQ to drive down to gap fill and bring ES with it

[Predictor 11]

I still do not see range extension beyond current days lows... but I'm done for day now.. not giving back precious profits.

 

Weighing odds that we pin around 10.75 and close near there..

 

Most recent drive lower was result of LQ providers pulling bids. Let's see what happens.. tested stops below the open (nice job LQ's)...

 

--

Institutions clearing out short inventory on the last stop run....

Edited August 27, 2012 by Predictor

[bakrob99 11]

I still do not see range extension beyond current days lows...

Weighing odds that we pin around 10.75 and close near there..

....

 

OK...OK ... I'm out .... Also got short the NQ which was nicer. Done for day now.

 

Short bias kept me from making a poor long entry so it was all good.

[goodoboy 10]

Took a short at 1411 and exit at 1409.50. Making lower lows and failure to break minor supply line was enough evidence for me. I got in a bit late, but I got in.