ES tonight

[rathcoole_exile]

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

 

[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

 

[rathcoole_exile]

resting orders cancelled.
Short now at 1258,
stops 1261, 1262 & 1263
targets 1250, 1245 & 1242

 

[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

 

[rathcoole_exile]

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

 

[rathcoole_exile]

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

 

[rathcoole_exile]

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 .....

 

[rathcoole_exile]

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)

 

[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 .....

 

[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

 

[rathcoole_exile]

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.....

 

[rathcoole_exile]

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

 

[rathcoole_exile]

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.....

well the short worked well, got out at 848
then later i missed another nice long from the 841/844 region which may have been worth another 15/12 points, but I'm not going to stress about it, i missed it, that's that - have to sleep sometime, right ?

 

[rathcoole_exile]

Oil weekly
HKZ 61.30 & 59.65
LKZ 54.20 & 50.41

the long at 54.2 was triggered when price fell briefly below 54, but I missed it as I was in bed, so since price hasn't exactly soared away from this area, I might wait again until/if/when price dips back below 54 to try and get in at 54.2 again

if price doesn't drop back below and continues to rise, then this will just be one of those that got away

 

[rathcoole_exile]

Weds 19 Nov ES triggers are:

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

couple of quick Longs from the LKZ reversal fired off and now a nice short triggered from the LKZ breakdown, target 821 which is the upper band of the Weekly LKZ

 

[rathcoole_exile]

Oil update

the long at 54.2 was triggered when price fell briefly below 54, but I missed it as I was in bed, so since price hasn't exactly soared away from this area, I might wait again until/if/when price dips back below 54 to try and get in at 54.2 again

if price doesn't drop back below and continues to rise, then this will just be one of those that got away

oil did drop back below trigger point allowing me second opportunity to go long at 54.2
using the Daily DeM HKZ as a target, I'm flat for +1

with oil chopping around in this tight-ish channel, I'm not going to look for any more Reversal trades this week, so my resting orders are Long from extreme at 61.30 and short from extreme at 50.41

 

[rathcoole_exile]

Thurs 20 Nov ES triggers are:

(Cam)
HigherKillZone 846.46 & 829.48
LowerKillZone 795.92 & 778.54

(DeM)
HigherKillZone 839.25 & 830.50
LowerKillZone 799.43 & 777.50


Tonight's action plan:
Resting Buy Stops to go Long at 839.5 & 846.5
Resting Sell Stops to go Short at 778

then, once price enters HKZ, resting Sell Stop to Short at 830

or if price enters LKZ, resting Buy Stop to go Long at 796 & 799.5

 

[rathcoole_exile]

thurs 20 update

Tonight's action plan:
Resting Buy Stops to go Long at 839.5 & 846.5
Resting Sell Stops to go Short at 778

then, once price enters HKZ, resting Sell Stop to Short at 830

or if price enters LKZ, resting Buy Stop to go Long at 796 & 799.5

missed all last night's session due to circumstances beyond my control (getting drunk in the afternoon)

 

[rathcoole_exile]

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 .....

still have 2 contracts open, moving S/L up to 736,
profit target 761 or else I'll just exit towards the Close of the week

 

[rathcoole_exile]

Fri 21 Nov ES Triggers

(Cam)
HigherKillZone 789.91 & 769.08
LowerKillZone 727.42 & 706.54

(DeM)
HigherKillZone 784.5 & 774.63
LowerKillZone 736.75 & 708.75


Tonight's action plan:
Resting Buy Stops to go Long at 785 & 790
Resting Sell Stops to go Short at 708.5 & 706

then, once price enters HKZ, resting Sell Stop to Short at 774.5 & 769

or if price enters LKZ, resting Buy Stop to go Long at 737 & 727.5