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ES Unfair Advantage
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ES Unfair Advantage

  #221 (permalink)
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trendisyourfriend View Post
For the ES i use 60 minutes

thanks trendisyourfriend
and yes 60m chart is in my toolbox that were my pivots are calculated as well
thx

For today
R3 1424.50
R2 1418.33
R1 1412.16
PP 1403.33
S1 1397.16
S2 1388.33
S3 1382.16

 
  #222 (permalink)
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Key news for today

the only key news for today is 08:30 Revised Non farm Productivity
and looks like this may upset the market

 
  #223 (permalink)
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trendisyourfriend View Post
For the ES i use 60 minutes for the initial balance (9:30-10:30am EST). This is a standard and consider range extention has been established when price makes 4 ticks outside of the IB, some people use 3 ticks for range extention.

@trendisyourfriend, @dario1,

I found that the most powerful ORs are the first 5 minutes (first reaction), the first 15 minutes (time span for executing the overnight orders) and the last 5 minutes of the first hour.

 
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So based on the current NY Opening Hour trend, which was down
We should expect the following
2) 10:00AM - 10:45AM Morning Move
Expect a counter-trend move to the NY Opening Hour Move in the first 45 to 60 minutes
UP


(3) 12:45PM - 2:00PM Post-Lunch Move
Expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)
DOWN

(4) 2:00PM - 3:00PM Afternoon Move
Depends on the Post-Lunch Move

Btw, the Morning move is on the way as we speak -- Im just slow in typing and finding free PC with Internet at work

 
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Abde View Post
@trendisyourfriend, @dario1,

I found that the most powerful ORs are the first 5 minutes (first reaction)


Yes, youre right but sometime the move is so volatile one could end up with nasty surprise



Abde View Post

the first 15 minutes (time span for executing the overnight orders)


interesting I have to look at this more closely





Abde View Post

and the last 5 minutes of the first hour.

This is the part when usually (as Ive labeled) the Morning Move is on the way which is counter to the NY Opening Hour move

 
  #226 (permalink)
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dario1 View Post
Yes, youre right but sometime the move is so volatile one could end up with nasty surprise





interesting I have to look at this more closely






This is the part when usually (as Ive labeled) the Morning Move is on the way which is counter to the NY Opening Hour move

@dario1

I draw the first 15 minutes manually and for the first 5 minutes and the last 5 minutes of the first hour, I use an indicator called DDF (Daily Directional Forecast). If you are interested at it, let me know.

The following user says Thank You to Abde for this post:
 
  #227 (permalink)
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12:45PM - 2:00PM Post-Lunch Move

So far so good
we even had a 10:45AM - 11:45AM Delayed Morning Move
-- expect a resumption of the NY Opening Hour Move -- around 10:38AM

so now were waiting for 12:45PM - 2:00PM Post-Lunch Move
expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)

lets see how this going to play out today
D






dario1 View Post
So based on the current NY Opening Hour trend, which was down
We should expect the following
2) 10:00AM - 10:45AM Morning Move
Expect a counter-trend move to the NY Opening Hour Move in the first 45 to 60 minutes
UP


(3) 12:45PM - 2:00PM Post-Lunch Move
Expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)
DOWN

(4) 2:00PM - 3:00PM Afternoon Move
Depends on the Post-Lunch Move

Btw, the Morning move is on the way as we speak -- Im just slow in typing and finding free PC with Internet at work


 
  #228 (permalink)
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12:45PM - 2:00PM Post-Lunch Move

12:45PM - 2:00PM Post-Lunch Move
What a beautiful move down
who knows maybe this is the beginning of the one that all the bears are waiting for
What do you think Fadi?






dario1 View Post
So far so good
we even had a 10:45AM - 11:45AM Delayed Morning Move
-- expect a resumption of the NY Opening Hour Move -- around 10:38AM

so now were waiting for 12:45PM - 2:00PM Post-Lunch Move
expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)

lets see how this going to play out today
D


 
  #229 (permalink)
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Time vs. Price

Recap -- Wednesday, September 5, 2012


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1) 9:35AM - 10:15AM NY Opening Hour Move (DOWN 6pts)
Market develops its trend or bias for the day
This move is important as a reference to what is going to happen later in a day


(2) 10:00AM - 10:45AM Morning Move (UP over 8pts)
Expect a counter-trend move to the NY Opening Hour Move in the first 45 to 60 minutes


(3) 10:45AM - 11:45AM Delayed Morning Move (DOWN nearly 6pts)
Expect a resumption of the NY Opening Hour Move


(4) 12:45PM - 2:00PM Post-Lunch Move (DOWN 6pts)
Expect a resumption of the NY Opening Hour Move trend (or upward or downward bias)


(5) 2:00PM - 3:00PM Afternoon Move (UP 4pts)
Expect a counter-trend move of the NY Opening Hour Move trend if the market is testing the high or low of the day.


(6) 3:00PM - 3:30PM Delayed Afternoon Move (DOWN nearly 3pts)
the 2:00pm move will help dictate what may happen at 3:00pm,
Expect a resumption of the NY Opening Hour Move trend if a counter-trend move occurs before 3:00pm

 
  #230 (permalink)
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Key news for today Sept 6, 2012


Key news

08:15 ADP Non-Farm
08:30 Unemployment Claims (USD)
10:00 ISM Non-Manufacturing PMI (USD)
10:30 Natural Gas Storage (USD)
11:00 Crude Oil Inventories (USD)

Based on the scheduled news i.e. ISM Non-Manufacturing PMI we should expect a counter trend move to the NY Opening Hour Move around 10:00am
-- Let's wait and see...


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