NexusFi: Find Your Edge


Home Menu

 





DTs Pre Market Prep


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Jigsaw Trading with 1,135 posts (6,417 thanks)
    2. looks_two WilleeMac with 13 posts (9 thanks)
    3. looks_3 xplorer with 13 posts (13 thanks)
    4. looks_4 trendisyourfriend with 12 posts (10 thanks)
      Best Posters
    1. looks_one Jigsaw Trading with 5.7 thanks per post
    2. looks_two Big Mike with 2.6 thanks per post
    3. looks_3 DavidHP with 1.4 thanks per post
    4. looks_4 xplorer with 1 thanks per post
    1. trending_up 331,337 views
    2. thumb_up 6,587 thanks given
    3. group 285 followers
    1. forum 1,333 posts
    2. attach_file 1,518 attachments




 
Search this Thread

DTs Pre Market Prep

  #681 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
Posts: 236 since Jan 2012
Thanks Given: 132
Thanks Received: 340

>>...Circuit breakers are set at 7%, you really don't want to be in the market in a winning or a losing trade when that happens. So if we get to the point where we've moved 100 points, that would put me sitting on the benches as it'll be close to the breaker point.<<

Good point Pete,

Do you know where they measure the 7% from? Is it the range for day? Or 7% deviation in one direction from RTH or ETH open?

Richard

Richard
Hong Kong
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
Futures True Range Report
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #682 (permalink)
 
paps's Avatar
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
Posts: 1,739 since Oct 2011
Thanks Given: 2,176
Thanks Received: 1,726

https://www.cmegroup.com/education/files/faq-eq-hours-and-limits.pdf

Reply With Quote
Thanked by:
  #683 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
Posts: 236 since Jan 2012
Thanks Given: 132
Thanks Received: 340


Thanks Paps!
Good info and good to hear from you.
Wishing you and all great trading.

Richard
Hong Kong
Reply With Quote
Thanked by:
  #684 (permalink)
 
Psy24X's Avatar
 Psy24X 
Milano, Italy, EU
 
Experience: Intermediate
Platform: Ninja + Jigsaw
Trading: ES
Posts: 36 since Jan 2014
Thanks Given: 130
Thanks Received: 25


RichardHK View Post
>>...Circuit breakers are set at 7%, you really don't want to be in the market in a winning or a losing trade when that happens. So if we get to the point where we've moved 100 points, that would put me sitting on the benches as it'll be close to the breaker point.<<

Good point Pete,

Do you know where they measure the 7% from? Is it the range for day? Or 7% deviation in one direction from RTH or ETH open?

Richard

This Cme page daily updates the limit price of each equity contract:

Price Limit Guide

Reply With Quote
Thanked by:
  #685 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393

22nd January



Yesterday was a somewhat less wild day but still a 43 point range in the day session.



I'm still sticking with the opinion that this is not normal market conditions and whilst I don't want to repeat everything I said from yesterdays prep, I'm just going with momentum until such a point as the market settles down again.

Whilst this market is putting in great runs, it does require a fair amount of focus to keep engaged and on the look our for a sudden reversal.

Volatility wise, I see any downward move through 1800 as potentially triggering another sell off. It's a little harder to gauge the upside. At some point, we could see a huge move up if overall sentiment is on the side of the sell off being overdone. It is not for me to say when sentiment will change but the amount of participation should help us.

Again, I am not really looking at recent levels to play off as I think it's not that sort of market.

We've gone from a riverboat tour to white water rafting.

At least it's not dull.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #686 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
Posts: 236 since Jan 2012
Thanks Given: 132
Thanks Received: 340


Psy24X View Post
This Cme page daily updates the limit price of each equity contract:

Price Limit Guide

An excellent resource. Have my question answered very well indeed! Many thanks.

Richard
Hong Kong
Reply With Quote
  #687 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393

No prep - no trading PC right now.....

Looks like my operating system and display drivers no longer want to play nicely together...

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #688 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393

27th January

Well - my trading PC totally failed, so I got permission off the wife to buy a shiny new one. Yesterday was a test run and so today should be back to live trading with a laptop connected too - just in case.



Market doesn't know what to do. Whist it did look like the August low has been rejected, we now have a lack of direction. The range had narrowed and volume has dropped. Chances of being chopped around are good today. Volume will likely come in again if we can break this range but otherwise, it's time to be patient, especially if you miss the early swings.



We are close to last weeks high (1907.50), so we should be cautious as we head to that level. I expect some follow through if that holds.



Going in to today, I'm expecting 'normal' ES behavior. So watching yesterday VAH/VAL and range for clues off the open as well as areas of high volume from overnight. Looking to get in on an early swing and if I miss it, going to have to be patient as it could be choppy.

Weekly Numbers
Range 1851.25-> 1904.25
Value - 1876.50 -> 1902
S1 - 1834.85-, R1 - 1932.75

Daily Numbers
Range 1851.25 / 1874.50 -> 1899.75
Value 1888 -> 1898
Globex 1829.25 -> 1878.75

Today only 1907.50

Settlement - 1896

Long Term 2109.25, 2006, 1929.25, 1843, 1814, 1773.75

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #689 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,944 since Sep 2015
Thanks Given: 15,446
Thanks Received: 15,291


DionysusToast View Post
Well - my trading PC totally failed, so I got permission off the wife to buy a shiny new one.

I hope you had a decent backup!


Edit: I mean for the PC, not the wife

Reply With Quote
  #690 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393



xplorer View Post
I hope you had a decent backup!


Edit: I mean for the PC, not the wife

Yup - I had all the important stuff written down on the back of a Campbells instant soup box.

To be honest - my wife remembers everything anyway....

I use Dropbox - everything important goes on there, so apart from activating software again, I'm up and running very quickly once I have the new PC. Also helps when I travel, my laptop is always synched.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on January 7, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts