ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; although I'll hazard a small (3 lot only) resting long buy stop at 1258 with targets of 1260, 1261 & ...

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Old Jul 10, 2008, 4:58pm   #11
 
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rathcoole_exile started this thread although I'll hazard a small (3 lot only) resting long buy stop at 1258 with targets of 1260, 1261 & 1263
and tight loss stops at 1256.50, 1255.50 & 1255
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Old Jul 10, 2008, 7:11pm   #12
 
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ticks vs time

rathcoole_exile started this thread two noteworthy points -

look at the beautiful short divergence on the tick chart that isn't so obvious on the time chart

and secondly, on the time chart, look at the significant role that Pivots play

which chart would you rather observe ?

me ....... both !
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Thanks! The following members like this post: SEMM
Old Jul 11, 2008, 5:36am   #13
 
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Originally Posted by rathcoole_exile View Post
although I'll hazard a small (3 lot only) resting long buy stop at 1258 with targets of 1260, 1261 & 1263
and tight loss stops at 1256.50, 1255.50 & 1255
not triggered, so +27.5 on the day
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Old Jul 11, 2008, 1:46pm   #14
 
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rathcoole_exile started this thread 11 july

18:46hrs pre-opening trade:

buy stop long @ 1245, target 1249, safety 1239
only 3 lots, so only 1 target

19:00hrs
stop buy brought down to 1242, target 1245.5

19:30
stopped out for a loss of -5
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Old Jul 11, 2008, 2:34pm   #15
 
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rathcoole_exile started this thread 11 july
19:32hrs
trying again
stop buy long in @ 1244
T1 1245.50, t2 1247, t3 1249 (will maybe move it if momentum suggests)

safety stops @ 1240, 1239 & 1238


18:34hrs, resting order cancelled
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Old Jul 11, 2008, 5:04pm   #16
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Calculation of pivot points

Garry,

If you don't mind me asking, are your pivot points a rolling 5 day number with the:

H = High of previous 5 days (excluding today)
L = Low of previous 5 days (excluding today)
C = Yesterday's close

Or do you update at intervals throughout the current session aswell?

Thanks,
Joey
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Old Jul 11, 2008, 5:07pm   #17
 
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Quote:
Originally Posted by Joey25 View Post
H = High of previous 5 days (excluding today)
L = Low of previous 5 days (excluding today)
C = Yesterday's close
.
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Old Jul 12, 2008, 1:24am   #18
 
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Thanks for the charts, did you have fun in this evenings session? Mental volatility...i enjoyed it..eventually
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Old Jul 25, 2008, 5:07pm   #19
 
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now THAT's what I'm talking about

rathcoole_exile started this thread a perfect PP Fade tonight
short at yellow arrow @1261.50, stopped out with Trail at white arrow @ 1256.5 for 5 full points
New Stop Entries set, Long @1263.50, Short @ 1251

(breakthru of PP target1 Mid point of R1-PP; target2 R1)
(breakdown at Midpoint between PP & S1, target S1)
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Old Jul 25, 2008, 5:19pm   #20
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Quote:
Originally Posted by rathcoole_exile View Post
a perfect PP Fade tonight
short at yellow arrow @1261.50, stopped out with Trail at white arrow @ 1256.5 for 5 full points
New Stop Entries set, Long @1263.50, Short @ 1251

(breakthru of PP target1 Mid point of R1-PP; target2 R1)
(breakdown at Midpoint between PP & S1, target S1)
I went for a 6 pointer off the daily PP at sell limit 1262.75. It worked, but I didn't get filled!
Still, learning something off you.

Cheers,
Joey

Last edited by Joey25; Jul 25, 2008 at 5:25pm.
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