NexusFi: Find Your Edge


Home Menu

 





ES and the Great POMO Rally


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one tigertrader with 248 posts (470 thanks)
    2. looks_two Private Banker with 215 posts (418 thanks)
    3. looks_3 Michael.H with 58 posts (72 thanks)
    4. looks_4 Big Mike with 56 posts (72 thanks)
      Best Posters
    1. looks_one tigertrader with 1.9 thanks per post
    2. looks_two Private Banker with 1.9 thanks per post
    3. looks_3 Big Mike with 1.3 thanks per post
    4. looks_4 Michael.H with 1.2 thanks per post
    1. trending_up 194,514 views
    2. thumb_up 1,529 thanks given
    3. group 37 followers
    1. forum 926 posts
    2. attach_file 631 attachments




 
Search this Thread

ES and the Great POMO Rally

  #861 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


David_R View Post
I would agree that the ES is looking weak. A couple charts with the wave volume applied.

D

@David_R could you do me a favor and post an ES chart with a volume setting of 327680 and so I can see the text volume numbers up on panel 1? This would match what I posted, I just would like to compare a bit.

Thx.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Are there any eval firms that allow you to sink to your …
Traders Hideout
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
  #862 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


Big Mike View Post
@David_R could you do me a favor and post an ES chart with a volume setting of 327680 and so I can see the text volume numbers up on panel 1? This would match what I posted, I just would like to compare a bit.

Thx.

Mike

Mike,

You bet. Chart attached. I hope you can read all the text.

D

Attached Thumbnails
Click image for larger version

Name:	es 1007.jpg
Views:	170
Size:	154.7 KB
ID:	51214  
Visit my NexusFi Trade Journal Reply With Quote
  #863 (permalink)
 telco 
Glendale, WI
 
Posts: 20 since Oct 2011


Big Mike are you using Sierra Chart?

David_R Esignal 11?

Interesting charts.

Reply With Quote
  #864 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


telco View Post
Big Mike are you using Sierra Chart?

David_R Esignal 11?

Interesting charts.

No, I'm using Ninja 7 and at times I post with TOS.

David

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #865 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


telco View Post
Big Mike are you using Sierra Chart?

I use Sierra and MultiCharts.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #866 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

If you put any weight on cumulative delta, trendlines, or vwap std dev bands ---- this seems like an excellent time to be short.



1220 is not out of the realm of possibility, that would be the 2nd deviation of a monthly vwap on this daily chart. So perhaps start a position at 1185 and be prepared to build on to it, looking for a first short target of around 1100 then 1080 and so forth.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #867 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863


Big Mike View Post
If you put any weight on cumulative delta, trendlines, or vwap std dev bands ---- this seems like an excellent time to be short.



1220 is not out of the realm of possibility, that would be the 2nd deviation of a monthly vwap on this daily chart. So perhaps start a position at 1185 and be prepared to build on to it, looking for a first short target of around 1100 then 1080 and so forth.

Mike

Hey Mike,

I would agree that the CD is diverging here. One interesting thing to take note of is take a look at the weekly chart interval around Jan 2008 - March 2008. We have a very similar pattern taking place right now. Should this play out, I would think we drift higher to the 1220 - 1230 area and then sell back off from there. I would think we test the 950 area at some point soon. This entire situation is mirroring 2008, it's pretty amazing.

Attached Thumbnails
Click image for larger version

Name:	2011-10-11-ES.jpg
Views:	146
Size:	345.2 KB
ID:	51629  
Started this thread Reply With Quote
Thanked by:
  #868 (permalink)
 jonc 
australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: -
Posts: 303 since Sep 2010
Thanks Given: 123
Thanks Received: 140


Private Banker View Post
Hey Mike,

I would agree that the CD is diverging here. One interesting thing to take note of is take a look at the weekly chart interval around Jan 2008 - March 2008. We have a very similar pattern taking place right now. Should this play out, I would think we drift higher to the 1220 - 1230 area and then sell back off from there. I would think we test the 950 area at some point soon. This entire situation is mirroring 2008, it's pretty amazing.

PB, do you have any time frame for ES to test 950, weeks, months?

We are very near to 1220

Reply With Quote
Thanked by:
  #869 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863


jonc View Post
PB, do you have any time frame for ES to test 950, weeks, months?

We are very near to 1220

Very difficult to say as I'm more interested in price levels vs. time periods. I honestly think we could get up to as high as 1250 but that remains to be seen. This is of course without significant market changing news which could come at any moment these days, lol!

Started this thread Reply With Quote
  #870 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


I think we've put today's high in. But we will see. We are only 8 ticks away right now, so give me some leeway.

I would like to see this be the weekly high and monthly high as well.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on November 9, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts