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TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

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joshdance    10

joshdance
Posted

Whether you like trendlines or not, the market is buying at every touch of the trend line today, from the lows till just now. It's shallowing out though, so at least a false breakdown here can be expected IMO, usually after 5 touches it gets too easy so they have to shake some out. I hope so anyway, short from 99.25

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joshdance    10

joshdance
Posted (edited)
Whether you like trendlines or not, the market is buying at every touch of the trend line today, from the lows till just now. It's shallowing out though, so at least a false breakdown here can be expected IMO, usually after 5 touches it gets too easy so they have to shake some out. I hope so anyway, short from 99.25

 

Ouch... hmm, maybe I tried to outsmart the market ... :boxing:

 

... seems like those are the REAL stops... or is it initiative buying? hmm.

Edited by joshdance

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roztom    10

roztom
Posted
Ouch... hmm, maybe I tried to outsmart the market ... :boxing:

 

If we get through 1401.75 then 1402.50 ish or more...no clue ..I am looking to close my positions just before there... and not worry about the rest.. :missy:

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joshdance    10

joshdance
Posted

I will try to be smarter ONE more time, 1400.75, not going to start a live trade trail here, but just posting this as it was originally where I intended to short, got trigger happy earlier.

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roztom    10

roztom
Posted
I will try to be smarter ONE more time, 1400.75, not going to start a live trade trail here, but just posting this as it was originally where I intended to short, got trigger happy earlier.

 

You leaning on POC there as basis?

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joshdance    10

joshdance
Posted
Yest POC 1401.00 xxx

 

I don't have anything close to a poc at 1401 yesterday tom ... it's the upper part of that distribution, but 1405.50 is my vpoc yesterday. 1400.00 is high volume price from yesterday in that distribution.

 

Basis is partly that distribution, partly that 1400s is last week's high (edit: and partly that it's the upper area of the balance area on the chart shown below). The early adopters (me here) are sometimes rewarded, but more often than not are punished for "guessing" so that's why I'm putting stop to 1400.75, and I'll try again if I get stopped out, because knowing this market anything can happen... but I'm counting on 97-98.

 

Here is a shot I took this morning before we got here.

03.20.2012-10.14.58

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joshdance    10

joshdance
Posted

Trend line buyers.... ah, I love these people (sarcasm if you can't tell). Probably lots of bots actually.

 

edit: I just closed this at 99.50, at least I made what I lost on the prior trade, and so I'm back to where I was. I don't trust that they won't mindlessly keep buying it so I'll just be safe and close and look to get in after the intentions become more clear. I really expect at least a breach of it below, but psychologically I will feel better by closing here for profit. For me as a discretionary trader, that part is very important, even if it minimizes profit on any given trade.

TL.thumb.png.c8dbe65a1c9900f53289c8675cc13cd2.png

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roztom    10

roztom
Posted
Trend line buyers.... ah, I love these people (sarcasm if you can't tell). Probably lots of bots actually.

 

edit: I just closed this at 99.50, at least I made what I lost on the prior trade, and so I'm back to where I was. I don't trust that they won't mindlessly keep buying it so I'll just be safe and close and look to get in after the intentions become more clear. I really expect at least a breach of it below, but psychologically I will feel better by closing here for profit. For me as a discretionary trader, that part is very important, even if it minimizes profit on any given trade.

 

COngrat's.. seems like you "danced" with the market very nicely today...

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roztom    10

roztom
Posted

BTW: I don't think it's a big deal if we post our trades & discuss what we do...

 

We know how to handle it..The only time it becomes an issue is what happened here a month or two ago with someone wanting trades being "called."

 

(God Help Them :helloooo: )

 

Otherwise there is really just a few of us here during the session... I think it's good..

 

Whejn you told me you were going to short - I stood on my head so I could see what you were looking at.... :rofl:

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joshdance    10

joshdance
Posted
COngrat's.. seems like you "danced" with the market very nicely today...

 

Not really but thank you .. given that I bought 1 tick from the bottom I should be up more than I am now :-/ ... I think I stepped on the market's toes a bit today, or perhaps it's the other way around, in our little "dance" today :o

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roztom    10

roztom
Posted
Not really but thank you .. given that I bought 1 tick from the bottom I should be up more than I am now :-/ ... I think I stepped on the market's toes a bit today, or perhaps it's the other way around, in our little "dance" today :o

 

There was a CHVN down there @ 92.25..I don't know if you had the same number..

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roztom    10

roztom
Posted

Re: IRT Memory Leak:

 

I just got an email from Bill,..they found the problem.. I have a button for ATRS Stop and I had the thing turned on and the ATRS was causing the memory leak...

 

They are going to release a new ver tonight that will fix it... I don't use ATRS but have been experimenting with it to try to find a process to manage runners as you know...

 

I am not satisfied with any automated process so far....

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joshdance    10

joshdance
Posted
There was a CHVN down there @ 92.25..I don't know if you had the same number..

 

Bingo... It is the third shaded region from the top on the chart I posted earlier.

 

Does it seem crazy to short one more time up here? Well, call me crazy, I'm looking for that nice 3 or 4 point rotation down to finish the day.

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roztom    10

roztom
Posted
Bingo .

 

It's funny I looked at it like a Deer in the headlights... I prefer CLVN's and have less confidence in CHVN's and I was short heading into that... so I was managing a short instead of getting long over there...

 

I can't walk & chew gum...:crap:

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roztom    10

roztom
Posted
Bingo... It is the third shaded region from the top on the chart I posted earlier.

 

Does it seem crazy to short one more time up here? Well, call me crazy, I'm looking for that nice 3 or 4 point rotation down to finish the day.

 

:confused: XXXXXX

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joshdance    10

joshdance
Posted
Does it seem crazy to short one more time up here? Well, call me crazy, I'm looking for that nice 3 or 4 point rotation down to finish the day.

 

Ok I'll consider myself lucky shorting this so many times after my initial long bias, I am out for at 99.50 and just going to observe the rest of the afternoon unless I see something very compelling. Got 1.5 on it, makes for a decent afternoon.

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joshdance    10

joshdance
Posted
It's funny I looked at it like a Deer in the headlights... I prefer CLVN's and have less confidence in CHVN's and I was short heading into that... so I was managing a short instead of getting long over there...

 

I can't walk & chew gum...:crap:

 

Well, the trade was triggered by what I saw on the volume/tape. I also was looking to buy 94s based on low volume area as the chart shows, but the order flow was not right for it there. Hard to buy in the face of that selling and sometimes I get run over, but sometimes I'm right.

 

 

 

:confused: XXXXXX

 

What is this in response to?

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joshdance    10

joshdance
Posted
Lovely... BTW: what kind of dance?

 

Well, I think today was kind of a Paso... or maybe a Tango. Rarely do we dance a soothing Foxtrot or Waltz, though I would like to be able to do that with the market more often. Today was ideal for it but I chose a different (more aggressive) dance instead. :rofl:

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roztom    10

roztom
Posted
Well, I think today was kind of a Paso... or maybe a Tango. Rarely do we dance a soothing Foxtrot or Waltz, though I would like to be able to do that with the market more often. Today was ideal for it but I chose a different (more aggressive) dance instead. :rofl:

 

SO your dancing is Ballroom?

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