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:89,220 / 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

  #721 (permalink)
Market Wizard
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,690 since Oct 2009
Thanks: 3,038 given, 4,478 received


tigertrader View Post
Could see 1195.00...today!

I have these levels on my radar...

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

Reply With Quote
The following 5 users say Thank You to trendisyourfriend for this post:
 
  #722 (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, 3,748 received

Wow! Yet another crazy day! What in the world happened here?!!! Lol! Well, one thing I'm very happy about is my decision to just continue to intra-day trade this chaos. I mean, I believe we had an 81 point swing today. This is really getting to be crazy (but good).

Market opened down (again) and drifted higher while being somewhat choppy. And then just like two days ago, we get this flurry of buying/short covering into the afternoon close. It was absolutely amazing. Then right before the close, we get roughly a 20 point drop. Gone are the days of an 8 point range day, lol! Once again, price closed at or below the 1171 area which was a swing low back in November of last year. What's next?! Lol!

BofA is still looking interesting as it's stuck on Bear Island.

Attached Thumbnails
ES and the Great POMO Rally-es-09-11-5-min-8_11_2011.jpg   ES and the Great POMO Rally-2011-08-11-bac.jpg   ES and the Great POMO Rally-2011-08-11-es.jpg  
Reply With Quote
The following 3 users say Thank You to Private Banker for this post:
 
  #723 (permalink)
Market Wizard
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,672 received
Forum Reputation: Legendary


As I remarked 2 days ago, the US “economy” is still in decent shape as private payrolls continue to gain, and corporate profits continue to rise as a result of increased productivity due to lower labor costs. So, it was no surprise that the bulls came out in force today, capitalizing on a very "convenient" drop in jobless claims and record earnings from Cisco, and ramped up stocks and just about everything else in sight.

As alluded to last night, the Bovespa surged 3.8% today, as emerging shares showed good relative strength. Treasuries and gold were big losers on the day, as capital temporarily flowed back into risk assets, while the Swiss franc was the biggest loser as the Swiss allowed the franc to be temporarily pegged to the euro.

The market made a strong statement today, in an effort to re-confirm and validate the post FOMC rally it showed us the other day, and is now within easy reach of of the 1232.00 area, which represents a 50% retracement of the down move, monthly S2, and 20 EMA. The 1264.00 area represents a 61.80% retracement, monthly S1, 200EMA, and the level we sold off from the night the BOJ bought dollars.

Given the damage done to the market and the extensive work that would have to be done overhead, it seems unlikely that the market could exceed these levels on a bounce. Accordingly, it would take considerably more work, for the market to penetrate these levels. IMO, a failure from these levels and subsequent new lows, is the more likely scenario.

Attached Thumbnails
ES and the Great POMO Rally-fut_image.ashx.png   ES and the Great POMO Rally-es-09-11-daily-12_27_2010-8_11_2011.jpg   ES and the Great POMO Rally-es-09-11-60-min-8_11_2011.jpg   ES and the Great POMO Rally-es-09-11-60-min-8_11_2011-mp.jpg  

Last edited by tigertrader; August 11th, 2011 at 06:44 PM.
Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
  #724 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received

"A 15-day short selling ban, which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.

The majority of the comments from European traders who spoke to CNBC.com on Thursday night were not fit for publication.

Regulators hope that the ban on short-selling in France, Italy, Spain and Belgium will reduce speculative action and curb the aggressive sell-offs that have hit markets over the past week......"


Reply With Quote
The following user says Thank You to jonc for this post:
 
  #725 (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, 1,232 received


jonc View Post
"A 15-day short selling ban, which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.

The majority of the comments from European traders who spoke to CNBC.com on Thursday night were not fit for publication.

Regulators hope that the ban on short-selling in France, Italy, Spain and Belgium will reduce speculative action and curb the aggressive sell-offs that have hit markets over the past week......"


Yes, I love this capitalistic system we have, free markets and all. Laissez-faire is firmly establishing its prevalent position...

First they prop up these institutions with countless billions, and on top up that they ban short selling. Sure sounds like a recipe for prosperity. How about doing something about the underlying problems?

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #726 (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, 1,232 received


ron99 View Post
Can I ask what at what price you put these on at? Do you still have them?

I've had LEAPS on various levels for quite some time, in addition to some shorter term positions. I don't really want to go into detail about all my positions, but I did lighten up my load on the way down. I should have taken more of my oil puts off, though.


ron99 View Post
So are the ES day traders making money this week or are they getting chopped up?

Chopped up? I've never seen more beautiful trends... You even get several a day!

Reply With Quote
The following 2 users say Thank You to Lornz for this post:
 
  #727 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,066 received

3 days ago, https://futures.io/index-futures-trading/6393-es-s-p-500-futures-contract-great-pomo-rally-67.html are you ready Captain?:



Reply With Quote
The following 2 users say Thank You to redratsal for this post:
 
  #728 (permalink)
Market Wizard
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,672 received
Forum Reputation: Legendary




I pity the poor fool, that fades you !!!

Reply With Quote
The following 2 users say Thank You to tigertrader for this post:
 
  #729 (permalink)
Market Wizard
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,672 received
Forum Reputation: Legendary

I am really going to miss the volatility when the liquidity returns to the market. Eventually, the market will get thick again, and the HFT's and program's effects will be mitigated by the increased liquidity. For all of us dopamine deprived traders with ADDH, these markets have been a godsend. There have have not been any interminable periods of waiting for trades to materialize, just the rapid succession of protracted moves, as the market decisively metes out it's justice.

It won't last forever, so take advantage of it while you can!!!

Attached is weekly VWAP. ( aka, Red's Ouija board)

Could be it to the upside, for the week.

Attached Thumbnails
ES and the Great POMO Rally-es-09-11-60-min-8_12_2011.jpg   ES and the Great POMO Rally-es-09-11-30-min-8_12_2011.jpg  

Last edited by tigertrader; August 12th, 2011 at 11:48 AM.
Reply With Quote
The following 3 users say Thank You to tigertrader for this post:
 
  #730 (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, 3,748 received



tigertrader View Post
I am really going to miss the volatility when the liquidity returns to the market. Eventually, the market will get thick again, and the HFT's and program's effects will be mitigated by the increased liquidity. For all of us dopamine deprived traders with ADDH, these markets have been a godsend. There have have not been any interminable periods of waiting for trades to materialize, just the rapid succession of protracted moves, as the market decisively metes out it's justice.

It won't last forever, so take advantage of it while you can!!!

Attached is weekly VWAP. ( aka, Red's Ouija board)

Could be it to the upside, for the week.

Yeah, this has been amazing! And I agree, the bid/ask size has dropped significantly. We're seeing 1,000 - 2,000 bid/ask on average right now vs 7,000+ on average during normal market conditions. Surprisingly, I haven't experienced any slippage during this. Curious to see if anyone else has or not.

Reply With Quote
The following 3 users say Thank You to Private Banker for this post:

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)
 

Alternative Views on Traditional Tools w/Rhonda Jones

Elite only

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Great frozen pizza Tundi Off-Topic 6 June 10th, 2011 10:47 PM
FED'S SCHEDULE OF UPCOMING $32B IN POMO'S tigertrader Traders Hideout 1 October 13th, 2010 05:58 PM
A great trader to learn from. GoldStandard Traders Hideout 15 February 12th, 2010 11:45 AM
NATURE, OUR GREAT MENTOR. joyginy Psychology and Money Management 12 January 6th, 2010 12:34 PM
ES doing a great job of honoring BBs and TLs Saroj Emini Index Futures Trading 6 July 29th, 2009 02:10 PM


All times are GMT -4. The time now is 06:43 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 2017-09-21 in 0.16 seconds with 20 queries on phoenix via your IP 54.198.54.142