Day Trading the E-mini Futures

[gosu 10]

Gosu,

 

Trying to brush up on my acronyms --

 

bo = breakout

fbp = ? flat bottom pennant

fbo = false breakout or failure to breakout

v = volume (duh)

ve = ? volatility expansion

l2r = ? left to right

p3 = ? point 3

ltl = left trend line?

rtl = right trend line?

 

Thanks,

 

CYP

 

you're getting it..............................

[gosu 10]

see volume decrease further (prv)....so lateral possibility...lats can be "tilted" toward either direction as well as horizontal....if trend is strong, tilt is toward trend side and can "ride" the LTL...meaning will not reach RTL soon...

 

drew in traverse RTL - red dashed line - to monitor for bo of this full r2l traverse....

 

volume is going into dry up...good time to relax and count the money..

 

calling it a day...not used to this activity..lost a lot of stamina...LOL

 

riding the LTL, which i anchored, of the day's container (lavender)....without volume surge..no VE is possible and es will just "ride" the edge of the container...

 

yesterday's lo is there on the es....which would signal to the interday players of a reversal on the daily bars.....ym has already reversed on the daily.......

[gosu 10]

Since the markets are now picking up, I will be curtailing my activity here going forward but will check in from time to time outside of RTH. I enjoyed the back and forth on here and seeing how others trade.

 

Good trading!

 

Last chart for the day...

[TheNegotiator 13]

Morning everyone! Yesterday failed above important 52.50 then broke down back into balance. The fact is it didn't break below the 37.75 Tues low. Maybe it's just not ready to break higher or maybe it really is weakening. Here's a chart either way and remember, Philly Fed is at 10am.

 

Edited February 16, 2012 by TheNegotiator

[TheNegotiator 13]

Btw, it looks like IRT 10.5 beta 10 has the VA issue fixed!

[TheNegotiator 13]

How's everyone faring today then?

[CYP 10]

How's everyone faring today then?

 

Back to where I started yesterday, which is good. Wondering if we will get back to 56-57 area today? We'll see...SL in place to protect profits, so just waiting...

[roztom 10]

Btw, it looks like IRT 10.5 beta 10 has the VA issue fixed!

 

Is everything else working ok with it? Heard of any other outstanding issues?

 

Tx

[clmacdougall 11]

How's everyone faring today then?

 

N, on the first post of this thread you requested people explain the thinking behind their trades as much as possible, without that it's hard to retain an interest in this thread. Could you make up a thread form with #1entry; #2 target / targets / scale outs; #3 stop and #4 reason for entry. Simple but an interesting reason to follow this thread

[TheNegotiator 13]

Back to where I started yesterday, which is good. Wondering if we will get back to 56-57 area today? We'll see...SL in place to protect profits, so just waiting...

 

I think there's every chance although we haven't seen a decent counter rotation really since the low. You could say one around 11am and now, but they aren't big(not that they have to be)

[TheNegotiator 13]

Is everything else working ok with it? Heard of any other outstanding issues?

 

Tx

 

Seems to be running sweetly. If you want to try it but are nervous, rename your current install folder and then do the install(you might need to release your irt license though before the new one will work, but not sure).

[roztom 10]

N, on the first post of this thread you requested people explain the thinking behind their trades as much as possible, without that it's hard to retain an interest in this thread. Could you make up a thread form with #1entry; #2 target / targets / scale outs; #3 stop and #4 reason for entry. Simple but an interesting reason to follow this thread

 

Cory: I can't speak for anyone else but I have put a lot into givng the basis of trades, locations targets, etc... the process behind it.. I hope it has been helpful...

 

Also, it has taken a lot of my time and has at times conflicted with my primary job: trading..

 

Typing and describing what is happening in realtime with any depth is difficult to impossible at best... I have tried it but I'm not sure it has benifited anyone..

 

There are only several participants in this thread during the RTH session so I doubt my continuing my previous type of posting is worth the effort..

 

I did so it for about a month and I believe there was a suffucent amount of information to demonstarte how MP/VP can have a place in the toolbox, which was my intent.

 

There are others here who also post - time permitting which is why I am here so I can pick up peals of wisdom from them..

 

I hope it continues to be benificial for you and others also...

[TheNegotiator 13]

N, on the first post of this thread you requested people explain the thinking behind their trades as much as possible, without that it's hard to retain an interest in this thread. Could you make up a thread form with #1entry; #2 target / targets / scale outs; #3 stop and #4 reason for entry. Simple but an interesting reason to follow this thread

 

No. If you want to create a thread like that, it is up to you .The point of the thread is not a trade journal. It's to share ideas about the market and how it trades and what is going on. Posting live trades is nice and all, but it isn't useful for the people who are posting them. If you have questions, please ask them. I try to point out trading ideas now and again. I know Tom and Josh do too, as does Steve. But to do it all the time just wouldn't be good. Plus I think that it isn't actually useful for many traders who are 'searching'. They end up relying on others' ideas rather than their own. My suggestion if you really feel you want to learn this or any other specific method is read up on it, then apply it, then talk to others here about it. To me, that is much more productive. Are you interested in any particular method or are you still unsure of which way to go?

[roztom 10]

Back to where I started yesterday, which is good. Wondering if we will get back to 56-57 area today? We'll see...SL in place to protect profits, so just waiting...

 

GOod call: 56.00 area is a NVPOC from the StoneAge...

 

Who says VP doesn't work... ? :rofl:

 

BTW I weant flat against 52.50..I am looking for a deeper rotation to scalp but I had a shallow one just under the CLVN at 52.50 but I would have gotton back on board at 53.00 area so what's the point... (for now).

 

Edit: On second thought scalping 3 pts to 56.00 NVPOC area might not have been such a bad idea? :crap:

Edited February 16, 2012 by roztom

[clmacdougall 11]

No. If you want to create a thread like that, it is up to you .The point of the thread is not a trade journal. It's to share ideas about the market and how it trades and what is going on. Posting live trades is nice and all, but it isn't useful for the people who are posting them. If you have questions, please ask them. I try to point out trading ideas now and again. I know Tom and Josh do too, as does Steve. But to do it all the time just wouldn't be good. Plus I think that it isn't actually useful for many traders who are 'searching'. They end up relying on others' ideas rather than their own. My suggestion if you really feel you want to learn this or any other specific method is read up on it, then apply it, then talk to others here about it. To me, that is much more productive. Are you interested in any particular method or are you still unsure of which way to go?

 

Thanks N, I see now the purpose of this thread. Thanks for your time in answering my request. I am not interested in any particular method just understandings I've picked up from many books and through studying the markets myself. All the best and thanks again.

[roztom 10]

Thanks N, I see now the purpose of this thread. Thanks for your time in answering my request. I am not interested in any particular method just understandings I've picked up from many books and through studying the markets myself. All the best and thanks again.

 

Cory: Has what you read here helped you in expanding the possibilities based on your objectives?

[roztom 10]

What's next?

 

1. Trend Day Up... (Freight Train) Hardly any rotation... , multiple singles, standing like a flag pole...

 

2. Primary Objective Hit: NVPOC 1356.25 ish... (Stops Cleared form Yesterday, etc..)

 

3. Next Obstacle: 1362.25 (HIgh Probability - at this time - not for today).

 

4. How to trade: a. Go on Vacation - easy $ made. b) Look for rotations with the trend to the balance areas below: We have 2: 54.00 (too close) & 50.75 ish..

 

5. This market has achieved it's primary objective for today... It needs a rest - so do I.. :helloooo:

[gosu 10]

Anyone else enjoying the market activity of the past 3 days? Had midday BO all 3 days...by the time PM comes around I'm worn out... LOL. I guess I've become an old man. Damn. Need to work on my stamina.

[clmacdougall 11]

Cory: Has what you read here helped you in expanding the possibilities based on your objectives?

 

Hi Tom,

 

I appreciate your posts but found it hard to see whether your market calls had been successful or not. Your scaling out process seems a major component of your trading system that needs clarification. Without this it undermines the clarity of your market calls. It made it hard to see if your understanding of the market was useful or not. Scaling out added a dimension that seemed to almost always put you on the right side of the market no matter what happened next.

I felt that the form I requested N to add would've make it easy to see if there was value to your methodology/understanding or not. I felt it would've added an objective style scrutiny of your market calls and define whether there was worth to them or not. A simple form filled out at the outset of your trade would've proven the value to your understanding upfront. Just my:2c:.

[roztom 10]

Anyone else enjoying the market activity of the past 3 days? Had midday BO all 3 days...by the time PM comes around I'm worn out... LOL. I guess I've become an old man. Damn. Need to work on my stamina.

 

:haha: Same here... I've been trying not to trade as much and hold for larger swings... but that has been difficult... so I have been tweaking using the tools I have to try to adjust my targets based on volatility and not just the VP targets... If I see a directional move I am using multiple timeframes to scale in & out on rotations..with the overall VP target objectives - the only time it's a problem is like today where there are very few rotations...I still had a good day just I have to get more aggressive as opossed to putting a position on and sitting back... (my preference) but days like yesterday and today are not common so I am making adjustments..

 

Trading rotations offers a lot of opportunity however it takes a lot of energy and focus which is harder to do than when I started 30 yrs ago...

[CYP 10]

Cory: Has what you read here helped you in expanding the possibilities based on your objectives?

 

Tom - sorry for jumping in, but I wanted to say that the postings/dialogue here have been most beneficial to my learning/understanding and to the expansion of my cerebral cortex, which has grown from pea-size to grape-size within the last month. I'm hoping it's because of actual learning and not from the onset of a brain-swelling disease.

 

Again, I appreciate the postings from you, N, Josh, gosu, and a few others I may have forgotten.

 

Currently at the 1355 area. Standing by for rotation downward, but expectantly waiting for second-rocket boosters to kick in to break through 1356-1357. If that happens, then looking towards the 60s. Hmm.

 

CYP

[roztom 10]

Hi Tom,

 

I appreciate your posts but found it hard to see whether your market calls had been successful or not. Your scaling out process seems a major component of your trading system that needs clarification. Without this it undermines the clarity of your market calls. It made it hard to see if your understanding of the market was useful or not. Scaling out added a dimension that seemed to almost always put you on the right side of the market no matter what happened next.

I felt that the form I requested N to add would've make it easy to see if there was value to your methodology/understanding or not. I felt it would've added an objective style scrutiny of your market calls and define whether there was worth to them or not. A simple form filled out at the outset of your trade would've proven the value to your understanding upfront. Just my:2c:.

 

Well, I understand that if we could "call" a trade out in realtime, like a chat room, etc it would have much more value...

 

Edit: Cory: There are plenty of vendors who offer what you are looking for... this, as far as I know, is for sharing ideas/concepts.. no a trading course.

 

That type of trading education / realtime posting is impossible here given the technology and the way forums work...

 

I certianly can't do that - I doubt anyone could - even you - if you think about it.

 

Is it being done successfully in realtime here on TLab on other threads?

Edited February 16, 2012 by roztom

[gosu 10]

:haha: Same here... I've been trying not to trade as much and hold for larger swings... but that has been difficult... so I have been tweaking using the tools I have to try to adjust my targets based on volatility and not just the VP targets... If I see a directional move I am using multiple timeframes to scale in & out on rotations..with the overall VP target objectives - the only time it's a problem is like today where there are very few rotations...I still had a good day just I have to get more aggressive as opossed to putting a position on and sitting back... (my preference) but days like yesterday and today are not common so I am making adjustments..

 

Trading rotations offers a lot of opportunity however it takes a lot of energy and focus which is harder to do than when I started 30 yrs ago...

 

I don't know exactly how you trade but I get the feeling it's similar to the way I do in terms of focus and attention at all times. Totally understand what you mean about it requiring lots of energy.

[roztom 10]

1st rotation area..As of 1:19cst we just touched 54.00 my first VP mini-support for a rotation up..

 

This is a location I would not take for a continuation trade or just a rotation.. (too close to HOD/NVPOC - which was filled).

 

The 50.00 - 50.75 ish area might be a different story depending what time we rotate there and how it smells when/if we do...

 

If you look at VP you will see these fat balance areas where the market paused and where it was supported with little volume... those are the key areas to be tested IMHO...

 

[clmacdougall 11]

Well, I understand that if we could "call" a trade out in realtime, like a chat room, etc it would have much more value...

 

Edit: Cory: There are plenty of vendors who offer what you are looking for... this, as far as I know, is for sharing ideas/concepts.. no a trading course.

 

That type of trading education / realtime posting is impossible here given the technology and the way forums work...

 

I certianly can't do that - I doubt anyone could - even you - if you think about it.

 

Is it being done successfully in realtime here on TLab on other threads?

 

Hi Tom,

 

No trouble.....your method is somewhat complex so it would need to be studied more closely and in depth in order to understand it's value. With that being said its hard to follow you when the complexity surrounding your call hasn't been explained. Without clarity I can't decide upon the value of your market understanding. All the best. Cory