ES EMINI Trading - The gap and others

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aversano

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As a computers programmer with a real passion (greed?) to the financial markets it was natural for me to experience by applying my skills. At the beginning the picture was blurry but 2 years later thanks to time and experience the path started to reveal itself. Though it is yet to be as sharp as my 46" LCD HD TV on Blueray, I do consider it as a good start.

I currently trade the ES, I use tick and time charts, volume and T&S. My eyes are my indicator, my stop and targets are set in stone.

Hope to have a long and profitable journey with you all....

(y)Happy Trading(y)
 
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Today we had an almost no gap day. It closed right after the open.
premarket did push the market towards the previous close but I decided to stay out of it (live with your decision and move on)

This week I had 3 no trade days, 2 of them due to a no gap and one due to a no fill (missed by a tick). up 4 points per contract.

The weekends have a different smell when followed by green....

See you on Monday
 
Here are 2/22 and 2/25 results.
2/22/2010 - 9:35AM - Short @1110.00, target at @1108.00 - filled
2/25/2010 - 9:45 AM - Long @1086.25, target at @1088.25 - filled
 
on the 25th we had a 16 points gap. I dared to fade it after the open and did it successfully for 2 points. Had I traded more contracts, this position would have resulted in a higher profit.... gap closed.... go figure
 
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Short @1109.75, target filled @1107.75 thanks for the ISM Mfg Index.
Gap was a pretty nice one, not sure if it got filled but I got my target.
See you tomorrow.
 
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Initially the plan was to share my entries as soon as I get a fill but the the open is too hectic for me and I can't find a piece of mind to do so. My apologies for that.

PRE Market showed a "top" but due to my PRE Market's experience(book manipulation) I decided to stay out and wait for the open. My initial order was short @1020.75... no fill on this one.damn... I was thinking to myself and was expecting the price to head south without me and guess what? it started...as if I am watching ticks running away but... NO CHASING!You know what? you win some, you lose some and you miss some. face it, it's part of this business.
Though the price started heading south, the GAP wasn't closed. I placed another sell order @1120.25, got filled around 10am for a quick profit of 2points.
 
Well, in anticipation for this morning. I placed an entry in what seemed to be a "safe zone". Was stopped out, it's currently heading in my direction but I am already closed for today. platform off.
Short @1120.00, Stopped @1123.00
See you tomorrow.
--------------------------
Today's entry was the same as yesterday's... go figure...
 
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No gap trade today, closed less than a minute after the open
Short @1122 for a quick 2 points profit.
 
What the ES? It has been as high as 1148 on 11 January 2010, perhaps you are referring to something else.
 
I wasn't calling a new high. My chart, showed the yearly high as this range thus my post. I got in the middle of a momentum change. I was hoping for the gap close on the first dip, but it didn't happen. You Trade, You Learn and viceversa...

Weekly Recap. 3/1 - 3/4 = ($100).
At the moment my play is with one contract. It will take a while before I go to two.

See you Monday!
 
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It is Saturday, the market is closed but the GLOBEX session in my head never rests. This week I had 2 losses, don't remember the last time my mind experienced a knockout... but this is as close to a KO as I recall.
My confidence is cracked, I hope to have it "patched" but not by an ego boost.

I hear it's a part of the process.... go figure.
 
If a decision wasn't made before the open, then it will be made after. No major release are due tomorrow.
 
Price will drift around today as there is no news and I suspect people will be digesting Friday's move. Suspect activity later in the week (Thu/Fri) or if news out of China makes stuff move.
 
I am waiting for pre market to break resistance and position myself at an exhaustion for a short.
 
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