ES and the Great POMO Rally - Emini Index Futures Trading | futures io social day trading
futures io futures trading


ES and the Great POMO Rally
Updated: Views / Replies:92,504 / 926
Created: by Private Banker Attachments:620

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
 620  
 
Thread Tools Search this Thread
 

ES and the Great POMO Rally

  #701 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


redratsal View Post
Who is going to be trapped ? Bears keep in mind that RTH boys have several gaps to be filled from the upside. I think the games will start in the last hour of RTH. I also think bad news are coordinated, after yesterday's rally it is a good timing to take all the skeletons from the closet and clear pessism's away, that is also why Bernanke didn't start the Qe3 campaign, there is always time if things get worst.


Yesterday's post FOMC announcement reversal- and - rally was textbook action, albeit an extraordinarily large trading range. So, it appears the market has been discounting the move.

One would naturally think that today would be an inside consolidation day, and not a spike up follow through day, because of yesterday's large range and volatility.

Bonds, gold and the dollar, indicate that investors are gun-shy, and are not ready to test risk so soon, but if the market is to "bounce" at the very least, it needs to hold the previously mentioned levels and stage a modest rally at the minimum.

Reply With Quote
The following user says Thank You to tigertrader for this post:
 
  #702 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

taking partial profits @1159.00 -1160.00 if it gets there...

Reply With Quote
 
  #703 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


Meow....

Attached Thumbnails
ES and the Great POMO Rally-images.jpg  
Reply With Quote
The following user says Thank You to tigertrader for this post:
 
  #704 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received


tigertrader View Post
Meow....

Is that the sound a tiger makes?

Does this mean you didn't reverse when you heard that big flushing sound?

Reply With Quote
The following user says Thank You to Jeff Castille for this post:
 
  #705 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received

Another wild day for the markets. Nice sell off overnight and into the RTH open. Market then got choppy and it seemed like someone was absorbing all the orders around the 1121 - 1123 area. Market got a bounce and ran right into the 61.8% level from the overnight high where it was met with a fresh round of selling and may have squeezed out whoever was buying this up in the morning.

It now seems that every attempt to move higher is met with fierce selling. We still haven't approached yesterday's low but I wouldn't be surprised if we give that area another test.

The banks are getting absolutely beat up here. BAC, C, MS and the Vampire Squid all getting crushed today. Get ready for a liquidity crisis again. Money market funds have been transitioning out of Euro bank paper which will cause a huge liquidity disruption in Europe. This can easily make it's way over to the US.

Stay nimble!

PB

Attached Thumbnails
ES and the Great POMO Rally-2011-08-10es.jpg   ES and the Great POMO Rally-2011-08-10-bac.jpg   ES and the Great POMO Rally-2011-08-10-c.jpg   ES and the Great POMO Rally-2011-08-10-gs.jpg   ES and the Great POMO Rally-2011-08-10-ms.jpg   ES and the Great POMO Rally-es-09-11-30-min-8_10_2011.jpg  

Last edited by Private Banker; August 10th, 2011 at 05:42 PM. Reason: Typo
Reply With Quote
The following 3 users say Thank You to Private Banker for this post:
 
  #706 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


Jeff Castille View Post
Is that the sound a tiger makes?

Does this mean you didn't reverse when you heard that big flushing sound?

That's the market - not me!

I'm always growling!

I stopped myself out (@1151.75-1150.00) after the market made consecutive lower highs

Reply With Quote
The following user says Thank You to tigertrader for this post:
 
  #707 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received


tigertrader View Post
That's the market - not me!

I'm always growling!

I stopped myself out (@1151.75-1150.00) after the market made consecutive lower highs

I was hoping that was the case!

Reply With Quote
The following user says Thank You to Jeff Castille for this post:
 
  #708 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


Private Banker View Post
Another wild day for the markets. Nice sell off overnight and into the RTH open. Market then got choppy and it seemed like someone was absorbing all the orders around the 1121 - 1123 area. Market got a bounce and ran right into the 61.8% level from the overnight high where it was met with a fresh round of selling and may have squeezed out whoever was buying this up in the morning.

It now seems that every attempt to move higher is met with fierce selling. We still haven't approached yesterday's low but I wouldn't be surprised if we give that area another test.

The banks are getting absolutely beat up here. BAC, C, MS and the Vampire Squid all getting crushed today. Get ready for a liquidity crisis again. Money market funds have been transitioning out of Euro bank paper which will cause a huge liquidity disruption in Europe. This can easily make it's way over to the US.

Stay nimble!

PB

You're making me complacent! I don't even need to open my own charts, I know I can just wait for your post at the end of the day.... Thanks for your contributions!

I had a dentist appointment today, and did not get back in time. It's depressing to see what I missed... I barely caught the last wave down, though. But I should have just pulled the tooth myself and been ready from the get-go...

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #709 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


Michael.H View Post
Lornz, if you don't mind me asking, how old are you? you don't have to give me a specific age, you can say 20's or 30's...
I have a few close friends in Oslo... Are you in banking as well, or is this a hobby?

Really? Americans or Norwegians? Traders?

I am in my late 20s, and trade my own account full-time. I've been trading (in various forms) for 8 years. I also just embarked on a BSc in Mathematical Finance; I have been toying with the idea of doing something more with my trading...

Feel free to send me a PM!

Reply With Quote
 
  #710 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received



Lornz View Post
You're making me complacent! I don't even need to open my own charts, I know I can just wait for your post at the end of the day.... Thanks for your contributions!

I had a dentist appointment today, and did not get back in time. It's depressing to see what I missed... I barely caught the last wave down, though. But I should have just pulled the tooth myself and been ready from the get-go...

Yikes! Tooth pulled? Hope everything went well! Yeah, today was another wild day. I expect to see this for a while.

Reply With Quote

Reply



futures io > > > > ES and the Great POMO Rally

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Great frozen pizza Tundi Off-Topic 6 June 10th, 2011 11:47 PM
FED'S SCHEDULE OF UPCOMING $32B IN POMO'S tigertrader Traders Hideout 1 October 13th, 2010 06:58 PM
A great trader to learn from. GoldStandard Traders Hideout 15 February 12th, 2010 12:45 PM
NATURE, OUR GREAT MENTOR. joyginy Psychology and Money Management 12 January 6th, 2010 01:34 PM
ES doing a great job of honoring BBs and TLs Saroj Emini Index Futures Trading 6 July 29th, 2009 03:10 PM


All times are GMT -4. The time now is 01:37 AM.

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 2017-12-16 in 0.15 seconds with 20 queries on phoenix via your IP 23.22.136.56