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ES Morning Prep- Beginning the day with a long/short bias
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ES Morning Prep- Beginning the day with a long/short bias

  #1 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 25 since May 2016
Thanks: 13 given, 28 received

ES Morning Prep- Beginning the day with a long/short bias

Hi guys,

First post on the forum, just signed up today and I plan to immerse myself in the knowledge you have to offer.

I'm planning to be an ES low frequency day trader (only 3-5 trades a week) starting with $7500 (still demo trading at the mo though). I'm developing a system at the moment to catch some nice intraday swings. I'll share it with you guys soon.

I want to enter the market each day more prepared. I watched a Linda Rashke webinar and she went over starting the day with a long/short bias. Have you guys got any techniques you use to determine which way the market could trend?

Please share your ideas or link me up some past threads that go over this subject.

Thanks in advance!

JACKATK

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Duluth MN
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
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JACKATK View Post
Hi guys,

First post on the forum, just signed up today and I plan to immerse myself in the knowledge you have to offer.

I'm planning to be an ES low frequency day trader (only 3-5 trades a week) starting with $7500 (still demo trading at the mo though). I'm developing a system at the moment to catch some nice intraday swings. I'll share it with you guys soon.

I want to enter the market each day more prepared. I watched a Linda Rashke webinar and she went over starting the day with a long/short bias. Have you guys got any techniques you use to determine which way the market could trend?

Please share your ideas or link me up some past threads that go over this subject.

Thanks in advance!

JACKATK

Hey Jack!

Welcome to the forum! You will find that there is a limitless amount of information here and that you will never run out of stuff to learn from! If you haven't yet, I would consider becoming an "Elite" member. There are just as much information, if not more in the Elite area.

Anyways, to your question!

I would read through Big Mike's thread about his journey in trading. Another great thread is the "Spoo-nalysis" thread. Both of these threads have helped hundreds, if not thousands of traders figure out their trading. In these two forums market "context" is discussed. Check out the wiki that the word "context" pulls up. Once you understand the context of the market, you will have a MUCH better ability to judge the bias of the market.

I hope I helped and the best of luck to you!

EDIT: Here some links to the threads that discuss context as well as the ES:
https://futures.io/elite-trading-journals/38800-context-everything.html
https://futures.io/elite-trading-journals/1415-big-mike-s-day-trading-method-advice.html
https://futures.io/elite-trading-journals/39314-inletcap-s-random-collections.html
https://futures.io/elite-circle/13452-elite-es-s-p-500-futures-contract-sp500-spoo-nalysis.html

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  #4 (permalink)
Elite Member
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Futures Experience: Beginner
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Posts: 25 since May 2016
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Thanks for the links rocksolid68, will have a read through this evening

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  #5 (permalink)
Market Wizard
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
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The most complete analysis is shared by FT71 or Morad from stage5 @8:00 Chicago time each day:
Stage 5 - Trader Bite

I also like this thread (very good):
https://futures.io/trading-journals/27543-dts-pre-market-prep.html


Last edited by trendisyourfriend; May 29th, 2016 at 04:52 PM.
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  #6 (permalink)
Elite Member
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Posts: 25 since May 2016
Thanks: 13 given, 28 received

Cheers trendisyourfriend.

I just skimmed the first few pages of that thread. That's the sort of thing I'm looking for. I'll take a deeper look tomorrow

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  #7 (permalink)
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knoxville tennessee usa
 
Futures Experience: Advanced
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trend direction

put up a simple 50 day sma on a weekly ,daily, 240 min., 60,min. bar chart... you want to trade in the direction of price ..when it is above or below all time frames .. for entry play with a 1 to 5 min. chart with a 9 an 19 ema when the fast ema crosses the slow one with a momentum push...trade the pull backs to the 19 ema if the ADX is over 30 .. in the direction of the larger time frames...hope it helps p.s. look at the volume of the pull back bars..make sure they are less than the momentum push bars


Last edited by forgiven; January 1st, 2017 at 10:14 PM.
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