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Would have posted this up a little earlier but it was one of those moments where Dr call's my wife at the same time as the parents-in-law turn up at the same time I'm asked to answer the door, etc

 

Nice OS down, advertising for buyers.

They seemed to come in cleanly with good signs of them showing up by 14:33GMT.

Filled at 34.25.

Watched it start to stall at RTH-H at 36.

Filled at 35.50 for a nice little finish to the quarter.

 

That's me done for today. Have a good weekend.

20120928-OTHER.thumb.png.b58da423824c7dc14788f47e8f5d40d3.png

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BTW, I hope you don't mind me posting the odd trade up here....

 

Nope, I encourage it but also ask that you try to explain it so that others might also benefit from your ideas (not on a specific trade but the theory). If you post a trade but don't have time to do a chart, it's easy enough to come back later and do a proper explanation I guess.

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Nope, I encourage it but also ask that you try to explain it so that others might also benefit from your ideas (not on a specific trade but the theory). If you post a trade but don't have time to do a chart, it's easy enough to come back later and do a proper explanation I guess.

 

OK - I'm a one trick pony as they say.......

 

I am essentially looking to trade a reversal which is preceeded by a clean trend, within the first 90mins of US open. I am looking at DOM/T&S for signs of:

 

a) Orderflow drying up/exhausting in the prevailing trend direction or

 

b) Heavy orderflow in the opposite direction coming into play to stop the trend.

 

Usually I am looking for a strong and clean reversal and signs that the reversal is stalling to indicate exit.

 

If the move doesn't take off within the first 60secs or so after entry, then I am looking for ways to scratch the trade or come out with a small loser.

 

It is all discretionary.

 

If reversals are occurring around important levels (ON-H, ON-L, RTH-H, RTH-L, NVPOC's, obvious S/R especially on higher timeframes) then I adjust for what may be larger moves and in trade mgmt style changes

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OK - I'm a one trick pony as they say.......

 

I am essentially looking to trade a reversal which is preceeded by a clean trend, within the first 90mins of US open. I am looking at DOM/T&S for signs of:

 

a) Orderflow drying up/exhausting in the prevailing trend direction or

 

b) Heavy orderflow in the opposite direction coming into play to stop the trend.

 

Usually I am looking for a strong and clean reversal and signs that the reversal is stalling to indicate exit.

 

If the move doesn't take off within the first 60secs or so after entry, then I am looking for ways to scratch the trade or come out with a small loser.

 

It is all discretionary.

 

If reversals are occurring around important levels (ON-H, ON-L, RTH-H, RTH-L, NVPOC's, obvious S/R especially on higher timeframes) then I adjust for what may be larger moves and in trade mgmt style changes

 

Are you looking at the rth chart when you're doing this? If not then your trade from earlier was just selling a pullback. If you are, you were going with the reversal from yesterday's close.

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Are you looking at the rth chart when you're doing this? If not then your trade from earlier was just selling a pullback. If you are, you were going with the reversal from yesterday's close.

 

I could see from 5min exchange session view that I was buying a pullback as it continues to travel south

 

I have open in addition to T&S/DOM/Fill/Audit/etc:

 

MP (Exchange session). This gives me a sense of where value was in the previous RTH as well as how value developed in Asian and European sessions.

 

30m (RTH session) - shows me what equity session traded like and I derive VPOC's from this rather than on exchange session

 

1H (Exchange session). I use this to give me a view of behaviour over the last 15 or so days and I can get a sense of what is going on with bigger players, their profit taking, their adding in, etc

 

5m (Exchange session) - Tells me how the day is flowing generally

 

1m (Exchange session) - use it to support what I see going on with T&S/DOM

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I could see from 5min exchange session view that I was buying a pullback as it continues to travel south

 

I have open in addition to T&S/DOM/Fill/Audit/etc:

 

MP (Exchange session). This gives me a sense of where value was in the previous RTH as well as how value developed in Asian and European sessions.

 

30m (RTH session) - shows me what equity session traded like and I derive VPOC's from this rather than on exchange session

 

1H (Exchange session). I use this to give me a view of behaviour over the last 15 or so days and I can get a sense of what is going on with bigger players, their profit taking, their adding in, etc

 

5m (Exchange session) - Tells me how the day is flowing generally

 

1m (Exchange session) - use it to support what I see going on with T&S/DOM

 

I see. I thought you had gone short earlier! Just to be clear, you are calling 24hr globex session "exchange session" and rth = regular trading hours = 09:30-16:15 ET right?

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I see. I thought you had gone short earlier! Just to be clear, you are calling 24hr globex session "exchange session" and rth = regular trading hours = 09:30-16:15 ET right?

 

No, no, no! I went long, filled at 34.25 at 14:34 and exited at 14:38GNT at 35.50 for 5 ticks.

 

Your description of what I call exchange and RTH is spot on :)

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long 1434.50

 

reason: broke out of range all morning, and getting in on the way up. I did miss entry at 1432 area after range broke out, but atleast now i know the minor trend for the moment is up, so i better get on board. Need this 1435 area to break

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long 1434.50

 

reason: broke out of range all morning, and getting in on the way up. I did miss entry at 1432 area after range broke out, but atleast now i know the minor trend for the moment is up, so i better get on board. Need this 1435 area to break

 

Breakeven at entry. Trading one contract sucks.

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short 1435

 

reason: Price action is showing 1435.75 as some resistance since about 5am and so far price tested this level and failed to hold. Im watching to see if price can get back above this line and hold. If not, I would like to see go back down.

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short 1435

 

reason: Price action is showing 1435.75 as some resistance since about 5am and so far price tested this level and failed to hold. Im watching to see if price can get back above this line and hold. If not, I would like to see go back down.

 

I was stopped out on this one -2

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Pretty decent move up so far in the overnight session on the first day of the new quarter. However, at the moment it's still just covered only a little more on either side of Friday's range. Would be looking to see if there is any appetite to break one way or another especially considering that rth candle from Fri.

 

attachment.php?attachmentid=31651&stc=1&d=1349091102

2012-10-01.thumb.jpg.0b2876d32ff6fa47129172b8ae803f08.jpg

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Long 1449

 

reason: market going upwards and r1 (1450) pivot is next resistance to break. So if I want to risk, i better take a risk long while the market is going up.

 

Got stopped out on that -1pt. Waiting a retest of 1450 to make some decision. Sitting on the sidelines.

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Pretty decent move up so far in the overnight session on the first day of the new quarter. However, at the moment it's still just covered only a little more on either side of Friday's range. Would be looking to see if there is any appetite to break one way or another especially considering that rth candle from Fri.

 

attachment.php?attachmentid=31651&stc=1&d=1349091102

 

Thanks for the chart.

 

So far struggling on this 1449.25. I think market waiting on Ben to talk.

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long 1440.25

 

reason: The opening 1439 is support IMO and so far holding. Price took off from this support and now came back down to retest. So I want to see if 1442 breaks up. If not, I bring to breakeven and continue to wait for market direction.

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long 1440.25

 

reason: The opening 1439 is support IMO and so far holding. Price took off from this support and now came back down to retest. So I want to see if 1442 breaks up. If not, I bring to breakeven and continue to wait for market direction.

 

Exit this one for 3.25pts at 1443.50.

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long at 1442.50

 

reason: tight 1pt stop here. I am buying on a retrace to support of 1442. At first price closed below 1442, so wait til price open and close above it and lets see it price can break this 1444 resistance.

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long at 1442.50

 

reason: tight 1pt stop here. I am buying on a retrace to support of 1442. At first price closed below 1442, so wait til price open and close above it and lets see it price can break this 1444 resistance.

 

-1pt, Darn it, should have left it alone.

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