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ES Unfair Advantage


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ES Unfair Advantage

  #171 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

On Tuesday, April 24, NY session opened @ 1362.75 and ES went up from there
(1) 9:35AM - 10:15AM NY Opening Hour Move
Market develops its trend or bias for the day -- the move was up (7pt)


And then around 10:10AM it initiated its Morning Move
(2) 10:15AM - 10:45AM Morning Move
– expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one. -- the move was down (3pt)


(3) 12:45PM - 2:00PM Post-Lunch Move --the move started @13:00 (up 2pt)
– expect a resumption of the overall day’s trend (or upward or downward bias of the day) if:
1)the overall trend is UP and the market is trading DOWN


(4) 2:00PM - 3:00PM Afternoon move --the move started @13:55 (4pt)
– expect:
2)A counter-trend move of the day’s trend if the market is testing the high or low of the day.


(5) 3:00PM - 3:30PM Delayed Afternoon move --the move started bit early @14:30 (up 5pt)
– the 2:00pm move will help dictate what may happen at 3:00pm,
expect:
2)A resumption of the day’s trend if a counter-trend move occurs around 2:00pm and the market is trading down off of the high of the day

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  #172 (permalink)
 
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 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

I just want to tell all visitors here that I'm still long from 1400.5.
And, I think there is a good possibility to revisit the 1425 soon -- so I'll be on guard for a second pop above that level. Who knows, maybe this will be the spike I'm waiting for (so long)
D

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  #173 (permalink)
 
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 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


10:15AM - 10:45AM Morning Move --almost to the minute! (up 3pt so far)

– expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one. --

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  #174 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


dario1 View Post
10:15AM - 10:45AM Morning Move --almost to the minute! (up 3pt so far)

– expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one. --


I'll gladly win 2-3pt a day working 15-45 minutes a day for the rest of my life - how about you?

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  #175 (permalink)
SteveC55374
Minneapolis
 
Posts: 16 since Jul 2012
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Chanel in 1411.25 to 1412.00 ??

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  #176 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


SteveC55374 View Post
Chanel in 1411.25 to 1412.00 ??

@SteveC55374
Channels are good but as nearly everything in the market they are not so certain.

Thank you for posting and in the future you may want to attach a chart to better convey a message
Thanks again
D

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  #177 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

How more vivid can this get:

(1) When NY session opened the ES initiated its NY Opening Hour Move (Market develops its trend or bias for the day). The move was down for the total of 5 pt. -- The bias is down.

(2) Then at 10:15 the Morning Move (--expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one.) The move was up 7pt.

(3) 12:45PM - 2:00PM The Post Lunch Move (– expect a resumption of the overall day’s trend or bias of the day)
The move started bit late @ 13:28 and change in price was nearly 3pt.

(4) 2:00PM - 3:00PM Afternoon move. The move also started bit late @ 14:18 (2pt)
(-- expect: A counter-trend move of the day’s trend if the market is testing the high or low of the day.

(5) 3:00PM - 3:30PM Delayed Afternoon Move. The move started almost to the minute @ 14:58 (4pt)
(-- expect: A resumption of the day’s trend if a counter-trend move occurs around 2:00pm)

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  #178 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

Ok, so far so good:

(1) It was a bit choppy first 30 minutes of the NY session but as we can see the bias was down.

(2) Then at 10:02, as expected, the Morning Move was initiated (--expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one.) The move was up almost 10pts.

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  #179 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

Hopefully this is the beginning of our 12:45PM - 2:00PM Post-lunch move
D

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  #180 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012



dario1 View Post

Hopefully this is the beginning of our 12:45PM - 2:00PM Post-lunch move

D

And indeed it was!
We were expecting a resumption of the NY Opening Hour Move trend which was down, and the Post-Lunch Move was down more than 2pts.

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Last Updated on September 7, 2012


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