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


TF thread (Russell 2000) ... anything goes
Updated: Views / Replies:95,621 / 1,086
Created: by kbit Attachments:269

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 269  
 
Thread Tools Search this Thread
 

TF thread (Russell 2000) ... anything goes

  #551 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,053 given, 5,817 received
Forum Reputation: Legendary


kbit View Post
kind of late but watch 782.....

785...below go down....above go up as I'm seeing it

T2 Stopped @783.5. Time wise, I let it go to long.

Reply With Quote
The following user says Thank You to aligator for this post:
 
  #552 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received

if we stay below 782....778 should happen....above it should get back to 785

Reply With Quote
The following user says Thank You to kbit for this post:
 
  #553 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received



aligator View Post
T2 Stopped @783.5. Time wise, I let it go to long.

still a decent trade.....

Reply With Quote
 
  #554 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,053 given, 5,817 received
Forum Reputation: Legendary


kbit View Post
if we stay below 782....778 should happen....above it should get back to 785

Here is my guess. But who can tell at this time of the day?

Attached Thumbnails
TF thread (Russell 2000) ... anything goes-tf-09-12-8-range-6_19_2012-4.png  
Reply With Quote
The following user says Thank You to aligator for this post:
 
  #555 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,053 given, 5,817 received
Forum Reputation: Legendary



If enough lines are drawn, the price will find them. However, one can take these three lines, 0.18, 0.43,0.62 , and fill up a tank every day.

Reply With Quote
 
  #556 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received


kbit View Post
I have around 785.5 as being a spot...
I can see 787 and 789.5 as well....gets kind of messy around there

I'm seeing 792.5 then 803.9 above those....

below...around 770, and 760.....there are spots in between but it's a mess,.... then 755.9, 750.8

Edit: I forgot to mention 781...I thought it would be insignificant and 782 would be more important but....
Now that I mentioned 781 it should lose it's significance after they break away from it...so it's a "temporary" thing.

Reply With Quote
 
  #557 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received

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


Daily Ichimoku....doesn't tell us a whole lot at the moment other than like I said a few days ago that we will likely at least bump into the cloud

Aside from that the CS is about to break above price and the TS is crossed over the KS so it'll be intersting if we break through the cloud.....stay tuned

Reply With Quote
 
  #558 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received

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


This is a 30m Ichimoku....nice trade here...still in play technically as I do it

Reply With Quote
The following user says Thank You to kbit for this post:
 
  #559 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received

Investors to Disappoint Themselves

Equities have put in a legitimate 8% rally from the S&P’s springtime low of 1266 with the index currently trading up toward the 1403 target of its confirmed quasi-Inverse Head and Shoulders pattern that was first detailed here nearly two weeks ago in Charts Shifting for Some More Déjà Vu Summertime Style? and then the following morning in Twist to Extend the S&P Higher? What makes this move notable is the fact that it comes after a dismal May jobs report, lackluster ISM numbers and on no real news with Greece still hanging by a thread with the real issue at hand austerity measures.

Clearly, or hopefully, though, investors are loading up on equities for a reason and the only reason that presents itself so well ahead of the upcoming Q2 reporting season that may or may not be decent is tomorrow’s FOMC statement that could promise to pump new liquidity into the financial system through a new round of bond buying. It would be this potential QE3 that would pressure the dollar index down further and cause equities and commodities to rise in a dynamic that is familiar to all investors and was documented here in September 2010’s The Weak Dollar Trade.

Well investors may be hoping that another round of the weak dollar trade will be announced tomorrow but until the spread between the 5-year nominal Treasury and the 5-year TIPS sits uncomfortably below 1.5% for at least a few weeks as a signal of deflationary threats on-the-come simultaneous to equities and commodities deflating too, there is little to no shot that Fed Chairman Ben Bernanke is going inject more liquidity into an already overly liquid financial system, just in the wrong places, with its likely effect to be minimal on the actual economy considering it would be pretty minimal on the stock market at this point, and thus negating the possibility of a genuine virtuous cycle.

And why would the effect of a QE3 announced tomorrow be minimal on the S&P? Because investors have already done for the S&P what QE3 might do for the S&P at this moment with there being a small chance of a move to 1381 yet.

Put otherwise and something that is forever fascinating to me, investors excel at doing Bernanke’s bidding for him such that he can simply steer investor psychology toward or away from the risk-on trade to keep the system dynamic rather than swamped by the aforementioned liquidity that is sitting on the balance sheets of banks and corporations rather than flowing through the real world economy to help propel growth.

Returning to this dynamic in the here and now, it seems to me that this moment may be one such moment of many similar moments with Mr. Bernanke having done a superb job – again – of putting enough mixed messages out there through his officials in recent weeks but with the overall message a tad more dovish that has allowed investors to convince themselves on the heels of several weak jobs report that the Fed will launch a QE3 to help the recovery.

Interestingly, this is true, the Fed will launch a QE3 to help the economy, it just is not going to happen tomorrow and it will not happen until the spread between the 5-year nominal and 5-year TIPS dips below 1.5% for a few weeks as pointed to above with last year’s Operation Twist coming on that spread hitting 1.5% proof of this likelihood when put in the context of 2010’s QE2 when the spread hit 1.19% briefly and truly a sign of deflationary threats for Mr. Bernanke.

What very well may come of tomorrow’s FOMC meeting is some sort of an extension of Operation Twist by which the Fed will continue to shift its portfolio toward longer-term securities from shorter-term securities as was discussed in the aforementioned Twist to Extend the S&P Higher? and maybe this extension does come and maybe the S&P does hit the 1403 target of its small and confirmed “IHS” but this possibility was first proposed under the assumption that the index would dip relatively close to 1292 to put in a right shoulder to this pattern. Such a shoulder shows in hourly form but not in daily form and this is reason to think that the S&P will give way to what is in place of a right shoulder and this is a Bear Wedge that could bring about one of the other Inverse Head and Shoulders outlined in that note that will look for a head down between 1162 and 1230 if not a tad lower.

Proof of the weakness of behind the S&P’s 8% move up shows not only in the S&P’s daily chart that fails to show that right shoulder as has been discussed in recent days, but most truly in its weekly chart that shows only a bearish Rising Wedge that carries the same 1266 target of its Bear Wedge baby and this pattern is – at best – the left shoulder to the severe Inverse Head and Shoulders pattern outlined many times in recent days that will claim its head somewhere between 1162 and 1230 for a target near or above 1500 after months of volatile sideways trading between that low about 1335.


As can be seen in 2010 and 2011, both of those IHS patterns were comprised of a few Rising Wedges with the S&P’s current Rising Wedge looking close to its peak and this suggests the S&P will trade back down into the 1266 to 1422 sideways range and likely take the range lower with it down toward 1162 to 1230. This scenario is supported by a gorgeous smaller Falling Wedge in the weekly chart of the VIX that carries a target of 27.5 as a “helper” pattern to its larger Falling Wedge that carries a target of 48 just as the S&P’s small Rising Wedge is a “helper” to its large Rising Wedge that carries a target of 1075.


It is due to that bearish pattern that a severe IHS that finds its head between 1162 and 1230 is an at-best scenario while it is any sort of real fulfillment out of that Rising Wedge that will likely come simultaneous to the spread between nominal 5-year Treasurys and 5-year TIPS falling below 1.5% and what will be the real signal to a QE3 that will cause the S&P to soar by 20%+ and perhaps create a virtuous cycle.

Right now, however, is not that moment but rather a moment when investors have set themselves up for a disappointment.


Investors to Disappoint Themselves

Reply With Quote
The following 2 users say Thank You to kbit for this post:
 
  #560 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,864 since Nov 2010
Thanks: 3,300 given, 3,324 received


I don't know why I missed the 775 area but just didn't really see anything good.

770 was a spot, they went through it and at the moment are testing it so.....

Anyway I'm kind of thinking we might be headed for the 760 area and I like that better for a long around there....

Reply With Quote

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)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

Introducing Collective2: Make More Money from Your Trading w/Collective2

Jul 19
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How to set my chart properly for the RUSSELL (TF) trendisyourfriend Emini Index Futures Trading 13 July 9th, 2017 06:36 PM
Tick Data (TF, Russell 2000) momop540 The Elite Circle 29 May 13th, 2014 05:46 PM
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 02:40 PM.

Copyright © 2017 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
Page generated 2017-07-20 in 0.07 seconds with 19 queries on phoenix via your IP 54.156.78.4