## ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; Garry, If you don't mind me asking, are your pivot points a rolling 5 day number with the: H = ...

 Jul 11, 2008, 4:04pm #16 Joined Mar 2005 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
Jul 11, 2008, 4:07pm   #17

Joined Jun 2007
Quote:
 Originally Posted by Joey25 H = High of previous 5 days (excluding today) L = Low of previous 5 days (excluding today) C = Yesterday's close
.
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karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'

 Jul 12, 2008, 12:24am #18 Joined Feb 2007 Thanks for the charts, did you have fun in this evenings session? Mental volatility...i enjoyed it..eventually __________________ "superman that hoe"
 Jul 25, 2008, 4:07pm #19 Joined Jun 2007 now THAT's what I'm talking about 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) Attached Thumbnails   __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
Jul 25, 2008, 4:19pm   #20
Joined Mar 2005
Quote:
 Originally Posted by rathcoole_exile 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 4:25pm.

 Jul 25, 2008, 4:30pm #21 Joined Jun 2007 Joey, I think it's a common situation - people trying to catch the exact turn to maximise the move; but I prefer to give up a point or so in order to confirm the momentum etc. I think you already understand the ploy to get the meat in the middle and leave the crusts - maybe just make your slices of ham a wee bit thinner ? cheers, garry __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
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Jul 25, 2008, 4:36pm   #22

Joined Jun 2007
Quote:
 Originally Posted by rathcoole_exile New Stop Entries set Short @ 1251 (breakdown at Midpoint between PP & S1, target S1)
actually, if Short is triggered, target would be a little bit in front of S1 @ 1242, 'cos of the Weekly Pivot at 1241.42 - doesn't do to try to fight the weekly for the sake of a couple of points
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my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'

 Jul 25, 2008, 5:28pm #23 Joined Jun 2007 resting orders cancelled. Short now at 1258, stops 1261, 1262 & 1263 targets 1250, 1245 & 1242 __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
Jul 26, 2008, 5:12am   #24

Joined Jun 2007
Quote:
 Originally Posted by rathcoole_exile resting orders cancelled. Short now at 1258, stops 1261, 1262 & 1263 targets 1250, 1245 & 1242
targets not hit, so flattened for +2.5 full points (x 9 contracts)
surprised actually, 'cos I thought the weekly pivot at 1241 or so would act as a magnet for the end of the week ..ah well
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karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'

 Jul 30, 2008, 7:26pm #25 Joined Jun 2007 Still don't believe in Pivot Points ? look at how price acted today at the Weekly PP and Weekly R1 by the way, WR1 was almost at the same place as Camarilla H3 - the norm is to fade either H3 or L3 Despite having dismissed Cams recently on another thread, I've actuallt been doing a lot of work with them since, fading the H3/L3 and trading the breaks of H4/L4 on the ES, Gold and Oil. Good results so far, but still debating whether to work with time-bound charts, ie 4 minutes or 233-Tick charts, so I'll probably post some charts when I've finished developing this theme. r_e Attached Thumbnails   __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
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 Jul 31, 2008, 11:04am #26 Joined Jun 2007 interesting potential set up tonight: confluence of traditional floor trader pivot R1 (1293.25) and Camarilla L3 (1292) will be looking for potential short fade at 1292 if price trises from below this area, with L4 (1299) as Stop/Reversal __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
 Nov 17, 2008, 6:44pm #27 Joined Jun 2007 todays ES triggers are: HigherKillZone 889.75 & 882.38 (breakout long 889.75, reversal short from 882.38) LowerKillZone 853.50 & 832.00 (reversal long from 853.50, breakdown short from 832) this weeks ES Weeklies are: HKZ 912 & 888 (notice potential conflict between long signal at 889.75 on Daily and Weekly short at 888) LKZ 815 & 766 Oil weekly HKZ 61.30 & 59.65 LKZ 54.20 & 50.41 GOLD weekly HKZ 791.10 & 767.85 LKZ 732.5 & 720.4 the reversal from the LKZ has already fired off (so early in the week !) from 732.5 it's already up \$12, but as this is a weekly trade, I'll try to keep in for as long as I can ....maybe low 760s if it doesn't stop me out first ..... __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?' Last edited by rathcoole_exile; Nov 17, 2008 at 6:51pm.
 Nov 18, 2008, 4:37am #28 Joined Jun 2007 Tues 18 Nov ES triggers are: (Cam) HigherKillZone 870.11 & 860.56 (breakout long 870.11, reversal short from 860.56) LowerKillZone 841.44 & 831.89 (reversal long from 841.44, breakdwn short from 831.89) (DeM) HigherKillZone 866.38 & 861.54 LowerKillZone 844.16 & 831.63 Trade the Cams and DeM zones separately - sometimes only one set will fire off (like last night's reversal from 877 on Cam, while the DM at 882 just failed to be triggered) other times, both sets will fire off, sometimes in contradiction, sometimes to double up on same direction. Don't worry, just trade the signals as they fire off. Tonight's action plan: Resting Buy Stops to go Long at 866.50 and add again at 870 Resting Sell Stops to go Short at 831.50 then, once price enters HigherKillZone, resting Sell Stop to Short at 861.5 and again at 860.5 or if price enters LKZ, resting Buy Stop to go Long at 841.5 and 844 19:20hrs - pre-market update: price has already dropped into LKZ, so will be looking for two Longs, one from 841.5 and then again from 844 targets +1,+2 on each then 856 (but this doesn't negate the potential short from 831.5) __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?' Last edited by rathcoole_exile; Nov 18, 2008 at 1:24pm.
Nov 18, 2008, 2:22pm   #29

Joined Jun 2007
Quote:
 Originally Posted by rathcoole_exile GOLD weekly HKZ 791.10 & 767.85 LKZ 732.5 & 720.4 the reversal from the LKZ has already fired off (so early in the week !) from 732.5 it's already up \$12, but as this is a weekly trade, I'll try to keep in for as long as I can ....maybe low 760s if it doesn't stop me out first .....
First 2 contracts had been closed at +1 and +2.
the remaining runner,well price has dropped below 732.5 but hasn't hit my protective stop, so I'm going Long again with another 3 contracts. The first two will be +1 and +2, then all being well I should end up with 2 runners .....
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'

Nov 18, 2008, 3:59pm   #30

Joined Jun 2007
Quote:
 Originally Posted by rathcoole_exile 19:20hrs - pre-market update: price has already dropped into LKZ, so will be looking for two Longs, one from 841.5 and then again from 844 targets +1,+2 on each then 856
target 856 hit for +14.5 and +12
Flat now, waiting for next move into either KillZone
__________________
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karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'

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