TF thread (Russell 2000) ... anything goes - Emini Index Futures Trading | futures.io
futures io futures trading


TF thread (Russell 2000) ... anything goes
Started: by kbit Views / Replies:88,361 / 1,076
Last Reply: Attachments:269

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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, and we will never resell your private information.

-- Big Mike

Reply
 269  
 
Thread Tools Search this Thread
 

TF thread (Russell 2000) ... anything goes

  #451 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,525 received

So, I see you trade a 2000 tick bar chart? What would that translate to in minutes, would you guess ?

Sorry to hammer you with all these questions. I tend to bug people, I know


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
 
  #452 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received


tderrick View Post
So, I see you trade a 2000 tick bar chart? What would that translate to in minutes, would you guess ?

Sorry to hammer you with all these questions. I tend to bug people, I know

Your not bugging anyone..ask anything you like or make any comment you wish....no problem here.

That's a hard question to answer only because tick bars only print after the designated number (in this case 2000) of trades have occured.....time is irrelevant so on real slow days where there isn't much trading going on a 2000 tick bar might last 20 minutes and on busy days they might last 5 minutes....during news events like NFP at 8:30 a bar can be printed in a second as an extreme example.

All that being said I would say on average lately it's in the 10 minute area, but that is a bit misleading only because in the first couple hours of the session they are like a 5m bar and in the afternoon more like 15 or 20m.

Reply With Quote
The following user says Thank You to kbit for this post:
 
  #453 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,525 received


The next time you have spare minute, would you glance at your Session Template in your Data Series and tell me
what it is set to?

Thanks


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
 
  #454 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

This is a daily Ichimoku
The TS is at 795.6 at the close today and will be somewhere around 794 I think at the open of tomorrows candle which would in my view mean that around 793 might be a good short entry....after this opens I'll get an exact number.

That's just one option...some could argue for already being short.

Aside from all that and just looking at where we are/closed today, I suspect we're going down and at the moment I have 752 as a target...( look at 780 as bieng the significant number here) naturally there will be bumps along the way and those I will figure out in the next post.

Reply With Quote
 
  #455 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received

Biderman's Daily Edge 5/14/2012: Stocks & Gold Should Rally Post

Futures Edge on FIO

What value do you place on the webinars on FIO?

 

Reply With Quote
 
  #456 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received

It seems unlikely that any sideways slop bullish play that was showing itself to me in the equity index charts in the form of Bull Wedges comes into fruition any time too soon considering that the extended versions of those patterns – Falling Wedges – simply look ready to fall to Broadening Tops and Head and Shoulders patterns as is shown rather well with the Dow’s Broadening Top below.



This bearish pattern took the Dow briefly sideways with sudden death now seeming a reality with the pattern’s required top and bottom trendline touches in as it confirmed on a closing basis today dropping below 12711 for a target of 12083 with there being some shot the Dow goes down to 11800 for a 5%-type decline in the weeks ahead and one that will cause the Dow to dip back down below its 200 DMA as seemed likely based on the Russell 2000 back in early March.

Such a potential drop is the least of the Dow’s worries or that of the Nasdaq Composite, Russell 2000 or S&P when the bearish Rising Wedge that led to those topping patterns is considered with the S&P’s pattern confirmed for its target of 1075 and a potential drop of nearly 20% from today’s close.



Returning to the possible rescue of the Bull/Falling Wedge, who knows and who cares if it works at this point when considering what came of last year’s similar patterns and the reason a partial or complete fulfillment toward 1415 to 1422 has been labeled sideways slop that was best to be avoided and particularly now with the unmarked H&S fulfilling toward its 1292 target and that Rising Wedge good to go.

Supporting the 200 DMA dance at a minimum in the S&P is the $BPSPX that is set for 50 if not 40 with its dive through the 200 and 40 looking a lot more likely than 50 and probably even 20 standing a better chance of being hit than 50.


In turn, this probably means the S&P is going to fulfill its H&S and then a bit more to drop down below its 200 DMA to then find a bid and bounce for a bit or simply head down on that bearish Rising Wedge.

It is the VIX that supports either scenario too with the Symmetrical Triangle/Inverse Head and Shoulders pattern showing as confirmed to the upside for a target of about 27.5 and just above its 200 DMA while its bullish Falling Wedge is confirmed and good to go up toward its target of 48.



Whether that Falling Wedge fulfills in one shot as happened in 2010 or in two as was the case in 2011 is to be seen but its fulfillment on a radical spike higher toward 48 will be seen this year as the S&P drops down toward the 1075 target of its Rising Wedge.

And it is all of these technical aspects that suggest getting ready for the Q2 200 DMA dance by going defensive, getting short or just sitting this one out on the sidelines.

Get Ready for the Q2 200 DMA Dance

Reply With Quote
 
  #457 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received

In light of the stupidness that unfolded today all I'm looking at now is 772.5 as a spot that needs to hold to get us back to 778.9
776.3 might be a bump or a wall between those two....other than that just winging it

Reply With Quote
 
  #458 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received

With that swing down last night we are better posistioned now to get to 779.2 (was 778.9)

772.7 is the spot we need to stay above now.....let's see what happens, ....remember it has to get over and stay above 772.7
On the downside 763 and 759 ....and 752

Reply With Quote
The following 2 users say Thank You to kbit for this post:
 
  #459 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,856 since Nov 2010
Thanks: 3,295 given, 3,325 received

Tomorrow should be real interesting with the Facebook thing going on....I think all the talking heads are saying the market will go up.... because of this a red flag pops up for me on this.
You know what happens when everybody says it's going up.....

Maybe it will though because the 752 we hit might offer enough support for tomorrow.
758.7 looks like a spot that that if we got over could run us to the 766.5 area and then we have to see what would happen from there( this is kind of weak one)....refer to my last couple posts for some other spots above that.

I have 736 on my brain down below....not sure why at the moment but I probably have a reason for it so....
I'll try to figure some other downside spots later.

Reply With Quote
The following user says Thank You to kbit for this post:
 
  #460 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,802 since Jun 2009
Thanks: 29,097 given, 81,374 received



kbit View Post
Tomorrow should be real interesting with the Facebook thing going on....I think all the talking heads are saying the market will go up.... because of this a red flag pops up for me on this.

My gut is we'll see 1320 on ES Friday before we see 1290. But who knows. I think it is a good risk/reward, so I am taking it.

But with Facebook IPO, OpEx, Friday after a terrible week, then who knows. Anything can happen. In particular at the close.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > > TF thread (Russell 2000) ... anything goes

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tick Data (TF, Russell 2000) momop540 The Elite Circle 29 May 13th, 2014 05:46 PM
How to set my chart properly for the RUSSELL (TF) trendisyourfriend Emini Index Futures Trading 11 September 28th, 2010 08:55 AM
BruteForce-Mini Russel 2000 Zoethecus Trading Journals 17 July 14th, 2010 12:17 PM
FF allows the THREAD STARTER to ignore posters so they can NOT post in their thread. TheRumpledOne Off-Topic 2 September 19th, 2009 12:53 AM


All times are GMT -4. The time now is 01:07 PM.

no new posts
Page generated 2017-03-26 in 0.13 seconds with 20 queries on phoenix via your IP 54.205.126.164