ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; Joey, I think it's a common situation - people trying to catch the exact turn to maximise the move; but ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 25, 2008, 5:30pm   #21
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread 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?'
rathcoole_exile is offline   Reply With Quote
Thanks! The following members like this post: BSD
Old Jul 25, 2008, 5:36pm   #22
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread
Quote:
Originally Posted by rathcoole_exile View Post
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
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
rathcoole_exile is offline   Reply With Quote
Old Jul 25, 2008, 6:28pm   #23
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread 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?'
rathcoole_exile is offline   Reply With Quote
Old Jul 26, 2008, 6:12am   #24
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread
Quote:
Originally Posted by rathcoole_exile View Post
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
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
rathcoole_exile is offline   Reply With Quote
Old Jul 30, 2008, 8:26pm   #25
 
rathcoole_exile's Avatar
Joined Jun 2007
Still don't believe in Pivot Points ?

rathcoole_exile started this thread 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
weekly-pps-30-july-08.jpg  
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
rathcoole_exile is offline   Reply With Quote
Thanks! The following members like this post: Joey25
Old Jul 31, 2008, 12:04pm   #26
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread 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?'
rathcoole_exile is offline   Reply With Quote
Old Nov 17, 2008, 6:44pm   #27
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread 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.
rathcoole_exile is offline   Reply With Quote
Old Nov 18, 2008, 4:37am   #28
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread 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.
rathcoole_exile is offline   Reply With Quote
Old Nov 18, 2008, 2:22pm   #29
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread
Quote:
Originally Posted by rathcoole_exile View Post

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?'
rathcoole_exile is offline   Reply With Quote
Old Nov 18, 2008, 3:59pm   #30
 
rathcoole_exile's Avatar
Joined Jun 2007
rathcoole_exile started this thread
Quote:
Originally Posted by rathcoole_exile View Post

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
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
rathcoole_exile is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Site v slow tonight 0007 T2W Feedback & Announcements 4 May 23, 2008 1:24am
What happened on the Nasdaq tonight? ardhill Stocks 16 Jan 15, 2005 1:37am
Shares Program on tonight... ChartMan Educational Resources 7 Sep 2, 2001 9:29pm
Volume Spike report for tonight ChartMan Technical Analysis 0 Mar 30, 2001 7:59pm
BB moving later tonight Sharky T2W Feedback & Announcements 3 Nov 25, 2000 12:20pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)