Today's Opening Type in the ES - futures io
futures io futures trading



Today's Opening Type in the ES


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two jhspann with 1 posts (0 thanks)
    3. looks_3 forgiven with 1 posts (0 thanks)
    4. looks_4 dowdtw with 1 posts (0 thanks)
    1. trending_up 997 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 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
 

Today's Opening Type in the ES

(login for full post details)
  #1 (permalink)
Danbury, CT
 
Experience: Beginner
Platform: Tradestation
Trading: Emini S&P
 
jhspann's Avatar
 
Posts: 5 since Dec 2015
Thanks: 17 given, 0 received

Hello All.. I'm a beginning trader with a basic question:

From my reading I'm thinking today's open in the ES was an open test drive since it tested down to yesterday's high then reversed. Is this correct or would it be considered an open-rejection reverse?

Best,

jhspann

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
COTbase for quant trading?
Elite Algorithmic NinjaTrader Trading
If ES tracks SPX, why do support/resistance, Level 2, vo …
Emini and Emicro Index
ZigZag with Depth and Backstep
EasyLanguage Programming
Webinar: Finding your own way in trading w/Adam Grimes
The Elite Circle
MACD line not plotting after change of plot order
NinjaTrader
 
 
(login for full post details)
  #3 (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 difference in types of openings is not just a probe in one direction then a reversal. it is the tempo .. how fast the market moved or conviction. if it slowly grinds in one direction for one or two 30min, bars ..that is a opening rejection...if it sprints there fast like a opening drive then the brakes are slam-ed on. that is a opening test drive. there is most of the time a 3 or 4 tick leak with small prints going through the reference point. with the rejection it my stall or retest the reference be for it reverses ....hope it helps

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
gloucester gloucestershire/england
 
 
Posts: 3 since Sep 2016
Thanks: 0 given, 2 received

if you want to find out more on the differing opening types, there are plenty of videos on Youtube or you could look online for a PDF of dalton's book/s. They're there. They would help you to discern the differing opening types.

Reply With Quote


futures io Trading Community Traders Hideout Emini and Emicro Index > Today's Opening Type in the ES


Last Updated on January 1, 2017


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

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

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



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