Trading the ES (E mini S&P) November 2003

Status
Not open for further replies.
I have a question for anyone who trades the ES through IB and
that is can you buy on the bid and sell on the ask ?


Paul
 
Paul,

IB or otherwise, only by placing a limit buy order and taking your place on the globex queue.
 
ES 13/11

Hi

The flu has kepted me out of the market but this is what I have today.

There was a big volume spike. What happened there. Does anyone know.
 

Attachments

  • dow 5min78.png
    dow 5min78.png
    28.2 KB · Views: 545
The spike was the Dell numbers being 'inadvertently released' a bit early. Damn them anyways. Wiped out most of my day's earnings.
 
riddle,

That is interesting which means that you were long. I am
currently paper trading an ES strategy and would have been
short at the time of the sudden drop.


Paul
 
riddle

Long of the break of 1055 then cover and short at 1060 where we have the triple top going back to 3/11/03.

Andy
 
Possible scenario

Hi

Still reading up on EW which is really interesting. Anyway, come up with this possible scenario. Nice doji bottom put in at 1053 being 50% retracement.
 

Attachments

  • dow 5min80.png
    dow 5min80.png
    36.7 KB · Views: 446
The afternoon session

Well, the retracement was more than I expected with B reaching
the 25% mark. The spike above the 12/11 highs may have caught a few bulls on the wrong side. Once the hanging man formed beneath resistance, the bears could take hope. C is now at the
13/11 lows.
 

Attachments

  • dow 5min81.png
    dow 5min81.png
    30.2 KB · Views: 439
Close 14/11

The bars kept heading south. I was looking for a change of
direction to weak up or neutral at 1052 but the moment was with the bears. We got the bounce just beneath the low of 12/11.
We are now 7 points off the double bottom so support should be found in that area.

Back to EW to work out the next possible pattern. EW principle, the cure for all insomniacs.

Happy weekend.
 

Attachments

  • dow 5min82.png
    dow 5min82.png
    28.7 KB · Views: 421
classic

amazing day

1st hour - MACD of tick is not reliable (5,35,10 on 5 min) so u just go for tick divergencies.

rest of day - 2 trades: 1 short 1 long. 22 pts in the bag - and that was not getting the best executions......

wish every day was like this Friday.... :cheesy:
 

Attachments

  • tick1411.jpg
    tick1411.jpg
    55.1 KB · Views: 399
CW,

Excuse my ignorance but can you tell me what the top half of your
chart is displaying ?


Paul
 
It is interesting that from what has been said above everyone
made a profit trading the ES this Friday and quite large profits
as well. The method I am developing also made profit but not as
large and in the end made about 3.5 points but that is still $175
on a single contract and most days it will give this.



Paul
 
Paul,

I think that's the TICK on the top half of CW's chart...
3.5 pts per day? I would happily miss out on the big swingers like yesterday for that !
 
Paul,

top part is NY Up/Down ratio - Tick. lower one - is MACD(5,35,10) of Tick

The numbers on top got cut off a bit - sorry for the quality of my graph. I usually keep HOD and LOD of tick constantly displayed in the left top corner.
 
17/11

I am looking at 1036 to good support but todays action has been a bit ferocious.
 

Attachments

  • dow 5min83.png
    dow 5min83.png
    30.9 KB · Views: 328
Status
Not open for further replies.

Similar threads

G
Trading the ES mini S&P 500
Replies
0
Views
2K
Goal
G
WinbornTraders
Es e-mini s&p futures free online trading room
2
Replies
36
Views
12K
WinbornTraders
WinbornTraders
Top