S&P 500 & other indexes - intraday. Plus chat
- Thread starter robster970
- Start date
- Watchers 53
Pat494
Legendary member
- Messages
- 14,614
- Likes
- 1,588
I'm glad that it was too late for you. It was too early for me!
phew a close one
I have visitors until Thursday so see you then guys
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
Monday 20th August
Europe mixed, Asia mixed.
No relevant news
Story today is really – will the volume be back this week or are we going to chop around? Pre-market volume is below average right now.
We are now about 5 points from that 4 year high, Friday was a very narrow range day 1410-1416.75
It appears we will open in the middle of Fridays range, so we may well take out one extreme of the range and then reverse and take out the other.
If we take out the high/low on lower volume, I’d expect a reversal to the opposite end. If we get more volume/speed, then it could well break out but I will not join the breakout, it’s too risky IMO.
Longs – 1413.75, 1412.75, 1412 (ONL) , 1409-1409.75
Shorts – 1418 (ONH), 1416.75
As you can see – I don’t really have any points very far away from the action to play off.
Europe mixed, Asia mixed.
No relevant news
Story today is really – will the volume be back this week or are we going to chop around? Pre-market volume is below average right now.
We are now about 5 points from that 4 year high, Friday was a very narrow range day 1410-1416.75
It appears we will open in the middle of Fridays range, so we may well take out one extreme of the range and then reverse and take out the other.
If we take out the high/low on lower volume, I’d expect a reversal to the opposite end. If we get more volume/speed, then it could well break out but I will not join the breakout, it’s too risky IMO.
Longs – 1413.75, 1412.75, 1412 (ONL) , 1409-1409.75
Shorts – 1418 (ONH), 1416.75
As you can see – I don’t really have any points very far away from the action to play off.
Last edited:
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
9:42 - 9:42 Took a long off the 1412.75 area – looked like a hold. Buyers came in a little after the screen shot. Got T1 by the time I posted this, hit T2 but no fill yet. Quite fast that was.... T3 now @ 1417.50
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
Actually - to be precise, the long was off the 1412 overnight low (blue line on the chart). I was 3 ticks away from that on entry.
Took off T2 early - 1414.25 as it hit 1414.75 a number of times & didn't fill me. Will now let this ride.
Took off T2 early - 1414.25 as it hit 1414.75 a number of times & didn't fill me. Will now let this ride.
Last edited:
robster970
Veteren member
- Messages
- 4,567
- Likes
- 1,390
Didn't take the ON-L - thought that shorts would come in at 13.75 so thought that profit target was too close to entry - c'est la vie.
Good trade Pedro
Good trade Pedro
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
Thx Rob - still got the last part on, although buying pretty much died out. I shoulda woulda coulda left T2 where it was....
Why were you expecting shorts @ 13.75 - the VAL from Friday?
I was pretty ambivalent until I saw bidders step up as at 12.25/12.50....
Why were you expecting shorts @ 13.75 - the VAL from Friday?
I was pretty ambivalent until I saw bidders step up as at 12.25/12.50....
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
out last 1 @ b/e would like 1409s for another long
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
Long 1410.25 - not a great price - took the bounce off the 09 area as above.
Now waiting for buyers to get some love.
Now waiting for buyers to get some love.
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
scratched it - lost a tick - too much buying up there @ 10.50 & 10.75 and no movement for it.
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
I have a feeling I just got out of a really good trade... sigh...
robster970
Veteren member
- Messages
- 4,567
- Likes
- 1,390
No - 13.75 has built up as a VPOC from overnight with about 18k contracts so I thought they would unload as I felt it was on a mission downwards.
You're going to laugh at where I got stopped out from an entry at 10.75......yes, you got it 09.50................
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
lol....
Well - I'm not staying up to watch this move mock me.
To bed. G'night
Well - I'm not staying up to watch this move mock me.
To bed. G'night
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
No - 13.75 has built up as a VPOC from overnight with about 18k contracts so I thought they would unload as I felt it was on a mission downwards.
You're going to laugh at where I got stopped out from an entry at 10.75......yes, you got it 09.50................
Ouch - low ticked.
Sometimes, it really does feel like the market is out to get you....
robster970
Veteren member
- Messages
- 4,567
- Likes
- 1,390
Yes - today I have been low ticked by the little flurry of selling that occurred at 15:24GMT.....
Ah well, net -1 tick today..........
Ah well, net -1 tick today..........
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
21st August, 2012
Asia mixed, Europe up marginally
New high at 1419.50 overnight. Still a small range with 1413.75 being the ONL
No news.
Last few days have marked out a range 1410-1419 but no point drawing a balance area around that. Just that we could bounce 1408-1420 for a while, so something to consider.
Longs 1418 (YH), 1414.75 (YC), 1409.50 – also look for a runner if buyers come in
Shorts – ONH whatever that ends up being, anywhere overhead if aggressive sellers come in, other than that – nothing obvious
To me, it’s shaping up for a drop on the open to shake overnight longs.
Asia mixed, Europe up marginally
New high at 1419.50 overnight. Still a small range with 1413.75 being the ONL
No news.
Last few days have marked out a range 1410-1419 but no point drawing a balance area around that. Just that we could bounce 1408-1420 for a while, so something to consider.
Longs 1418 (YH), 1414.75 (YC), 1409.50 – also look for a runner if buyers come in
Shorts – ONH whatever that ends up being, anywhere overhead if aggressive sellers come in, other than that – nothing obvious
To me, it’s shaping up for a drop on the open to shake overnight longs.
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
Rob - you gonna be paying any attention to yesterdays VPOC? Is it a line in the sand?
robster970
Veteren member
- Messages
- 4,567
- Likes
- 1,390
It's proximity to the ONL is interesting especially if volume picks up a little (which there is currently no sign of it doing). It's a tradeable area long if that's what you mean.
I watch all the NVPOC's until they are tagged btw - they are cheap liquidity.
robster970
Veteren member
- Messages
- 4,567
- Likes
- 1,390
Didn't get filled at 20.50 - didn't chase either.
DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
Didn't long the return to the open there - didn't look very promising.... Will probably now go up 20 ticks
