ES Opening Bell trade.... - futures io
futures io futures trading



ES Opening Bell trade....


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one Jenne with 2 posts (0 thanks)
    2. looks_two trendisyourfriend with 1 posts (2 thanks)
    3. looks_3 Jigsaw Trading with 1 posts (1 thanks)
    4. looks_4 forgiven with 1 posts (0 thanks)
    1. trending_up 3,911 views
    2. thumb_up 3 thanks given
    3. group 9 followers
    1. forum 9 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

ES Opening Bell trade....

(login for full post details)
  #1 (permalink)
Bangkok, Thailand
 
 
Posts: 3 since Apr 2015
Thanks: 1 given, 0 received

.... anyone have a nice STRATEGY for the ES opening bell? I see SO much volatility????

KSAguy

Reply With Quote

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(167 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(116 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
spokane wa
 
 
Posts: 5 since Mar 2015
Thanks: 1 given, 1 received


When the market opens I personally wait at least five to eight minutes to see market direction. It tends to bounce all around at first open. So once it hits a few time frames you can get a clearer picture of
Market direction.
Dan

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,977 since Nov 2010
Thanks: 823 given, 10,312 received

Play off steps in the overnight volume profile - you have to be fast but there is absolutely opportunity there.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #5 (permalink)
Homosassa, Fl USA
 
Experience: Beginner
Platform: Ninja Trader
Broker: Global futures, but may change to Midland
Trading: ES
 
Posts: 5 since Apr 2013
Thanks: 8 given, 4 received

This is a Larry Williams trade, I found in in a book on technical trading by John Person. Today on the ES would have been a perfect example. (I went the other way, so I'm taking a little break and reading forums.) It's a gap trading method that fades in the direction of the gap. We had a big gap in SPY today, if you check your 5 minute chart. On an opening with a gap, and a first candle that goes up, you would place you buy order at the bottom of the opening long candle- just as it enters the gap. I've made it work a couple of times, I just started playing with it, so I have no statistics on how often it works. In the other direction, a short candle at the open below a gap, you would go long at the top of the first short candle.

It's based on the idea that someone entering the trading day enters a long order, it reverses, and he (or she) immediately sells out and shorts. I traded this morning as an upside breakout, which definitely was an opps for me.

The book I found this trade in is A Complete guide to Technical Trading Tactics by John Person. You can find the OPPS trade in the index, he does a better job of describing the trade than I do.
Jenne

Reply With Quote
 
(login for full post details)
  #6 (permalink)
New York, NY
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader
Trading: ES MES
 
Posts: 784 since Nov 2010
Thanks: 148 given, 217 received


Jenne View Post
...you would place you buy order at the bottom of the opening long candle- just as it enters the gap.

Did you mean place your short order here?

In other words, the strategy is to look for the gap to fill. I've tested this quite a bit and have a setup for it. I found it works best with certain size gaps. Too small or too large are no good. My exit is not simply the closing of the gap, I go for more sometimes.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Homosassa, Fl USA
 
Experience: Beginner
Platform: Ninja Trader
Broker: Global futures, but may change to Midland
Trading: ES
 
Posts: 5 since Apr 2013
Thanks: 8 given, 4 received

yes, sorry, you use the opening reversal candle to go short if there is a gap in the cash market or in SPY. Today is a good example that worked, after two green candles, we had a bearish candle, for me the second bearish candle was confirmation, and my stop was the top of the bearish reversal candle. The market opened up quite a bit above the cash close, leaving a nice big gap, which I checked on the SPY chart. I'm out at this point, but it made some money for me. I trade options, so I have to find areas where is there going to be quick movement with a lot of volume, the opening is great for that.
Jenne
I'm new, still trying to figure out how to upload charts, or I'd send a picture. It also looked range bound to me, because of the volume distribution, so going down seemed like the right direction at the open.

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Chicago, IL
 
Experience: Advanced
Platform: Ninja
Broker: Ninja
Trading: ES, Ym, NQ, VTI, SPY, VXUS
 
Posts: 166 since Jan 2013
Thanks: 797 given, 314 received

you may want to look at this thread


The Market is Smarter than You Are
Reply With Quote
 
(login for full post details)
  #9 (permalink)
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,978 since Oct 2009
Thanks: 3,656 given, 5,118 received

Here is a complete OR breakout strategy:The goal of this project is to identify various set-ups and exit strategies that could be used for trading the 30-minute Opening Range breakouts. The project team created a technical trading system using the TradeStation platform and backtested it over 250 stocks from different industry sectors. Twenty two stocks were identified that performed significantly well and details about their performances with various conditions were provided.

Happy reading.

Attached Thumbnails
ES Opening Bell trade....-openingrangebreakout_strategy.pdf  
Reply With Quote
The following 2 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #10 (permalink)
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 665 since Mar 2012
Thanks: 154 given, 392 received


the market often gaps.. you need to know how they fill in most cases..or not fill ..what that looks like// if you open in value ...what is the market state .. where you even need to trade. what kind of open it is.. open action, opening drive ,opening test drive. if it is an opening drive i would not lean on the volume profile steps for an example . you will fall of them.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Traders Hideout Emini and Emicro Index > ES Opening Bell trade....


Last Updated on December 31, 2016


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts