ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; look at how price acted today at the Weekly PP and Weekly R1 by the way, WR1 was almost at ...

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Old Jul 30, 2008, 7:26pm   #25
 
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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
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Old Jul 31, 2008, 11:04am   #26
 
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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
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Old Nov 17, 2008, 6:44pm   #27
 
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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 .....
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Old Nov 18, 2008, 4:37am   #28
 
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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)
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Old Nov 18, 2008, 2:22pm   #29
 
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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 .....
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Old Nov 18, 2008, 3:59pm   #30
 
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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
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Old Nov 18, 2008, 5:34pm   #31
 
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Quote:
Originally Posted by rathcoole_exile View Post
then, once price enters HigherKillZone, resting Sell Stop to Short at 861.5 and again at 860.5
new shorts at 861.5 & 860.5 already triggered and already two-thirds each closed for +1, +2
tempted to close the last 2 runners 'cos I need to get to bed, but maybe just tighten stops to B/E and also set TP target for both runners at 848 (which would be =13.5 & +12.5 if successful)
off to bed.....
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Old Nov 19, 2008, 2:32am   #32
 
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rathcoole_exile started this thread Weds 19 Nov ES triggers are:

(Cam)
HigherKillZone 890.84 & 878.67
LowerKillZone 854.33 & 842.16

(DeM)
HigherKillZone 889.88 & 873.60
LowerKillZone 851.47 & 845.63

Trade the Cams and DeM zones separately - sometimes only one set will fire off,
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 891
Resting Sell Stops to go Short at 845.5 & again at 842

then, once price enters HigherKillZone, resting Sell Stop to Short at 878.5 and 873.5

or if price enters LKZ, resting Buy Stop to go Long at 851.5 & 854.5
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Last edited by rathcoole_exile; Nov 19, 2008 at 2:39am.
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