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:92,631 / 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

  #861 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


David_R View Post
I would agree that the ES is looking weak. A couple charts with the wave volume applied.

D

@David_R could you do me a favor and post an ES chart with a volume setting of 327680 and so I can see the text volume numbers up on panel 1? This would match what I posted, I just would like to compare a bit.

Thx.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #862 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received


Big Mike View Post
@David_R could you do me a favor and post an ES chart with a volume setting of 327680 and so I can see the text volume numbers up on panel 1? This would match what I posted, I just would like to compare a bit.

Thx.

Mike

Mike,

You bet. Chart attached. I hope you can read all the text.

D

Attached Thumbnails
ES and the Great POMO Rally-es-1007.jpg  
Reply With Quote
The following 3 users say Thank You to David_R for this post:
 
  #863 (permalink)
Banned: Disposable email addresses are not permitted
Glendale, WI
 
Futures Experience: Intermediate
Platform: TWS
Favorite Futures: ES, ZN, ZC, ZF
 
Posts: 20 since Oct 2011
Thanks: 9 given, 1 received


Big Mike are you using Sierra Chart?

David_R Esignal 11?

Interesting charts.

Reply With Quote
 
  #864 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received


telco View Post
Big Mike are you using Sierra Chart?

David_R Esignal 11?

Interesting charts.

No, I'm using Ninja 7 and at times I post with TOS.

David

Reply With Quote
The following user says Thank You to David_R for this post:
 
  #865 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


telco View Post
Big Mike are you using Sierra Chart?

I use Sierra and MultiCharts.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #866 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received

If you put any weight on cumulative delta, trendlines, or vwap std dev bands ---- this seems like an excellent time to be short.

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


1220 is not out of the realm of possibility, that would be the 2nd deviation of a monthly vwap on this daily chart. So perhaps start a position at 1185 and be prepared to build on to it, looking for a first short target of around 1100 then 1080 and so forth.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


Last edited by Big Mike; October 11th, 2011 at 08:26 AM.
Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #867 (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


Big Mike View Post
If you put any weight on cumulative delta, trendlines, or vwap std dev bands ---- this seems like an excellent time to be short.

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


1220 is not out of the realm of possibility, that would be the 2nd deviation of a monthly vwap on this daily chart. So perhaps start a position at 1185 and be prepared to build on to it, looking for a first short target of around 1100 then 1080 and so forth.

Mike

Hey Mike,

I would agree that the CD is diverging here. One interesting thing to take note of is take a look at the weekly chart interval around Jan 2008 - March 2008. We have a very similar pattern taking place right now. Should this play out, I would think we drift higher to the 1220 - 1230 area and then sell back off from there. I would think we test the 950 area at some point soon. This entire situation is mirroring 2008, it's pretty amazing.

Attached Thumbnails
ES and the Great POMO Rally-2011-10-11-es.jpg  
Reply With Quote
The following 2 users say Thank You to Private Banker for this post:
 
  #868 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received


Private Banker View Post
Hey Mike,

I would agree that the CD is diverging here. One interesting thing to take note of is take a look at the weekly chart interval around Jan 2008 - March 2008. We have a very similar pattern taking place right now. Should this play out, I would think we drift higher to the 1220 - 1230 area and then sell back off from there. I would think we test the 950 area at some point soon. This entire situation is mirroring 2008, it's pretty amazing.

PB, do you have any time frame for ES to test 950, weeks, months?

We are very near to 1220


Last edited by jonc; October 12th, 2011 at 01:08 PM.
Reply With Quote
The following user says Thank You to jonc for this post:
 
  #869 (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


jonc View Post
PB, do you have any time frame for ES to test 950, weeks, months?

We are very near to 1220

Very difficult to say as I'm more interested in price levels vs. time periods. I honestly think we could get up to as high as 1250 but that remains to be seen. This is of course without significant market changing news which could come at any moment these days, lol!

Reply With Quote
 
  #870 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


I think we've put today's high in. But we will see. We are only 8 ticks away right now, so give me some leeway.

I would like to see this be the weekly high and monthly high as well.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike 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)

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 01:38 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 2017-12-17 in 0.13 seconds with 20 queries on phoenix via your IP 54.226.113.250