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ES future today chart


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ES future today chart

  #1 (permalink)
superfrost
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Posts: 23 since Oct 2013
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Hi

Could somebody send me their chart of ES future for today(friday) showing the hours around 4 am est ? Preferably someone with a data provider other than CQG. Just want to check out things as my stop was hit exactly on that tail

Mine looked like this on 3 minute chart:



EDIT: chart has gmt +1 time, so stop is hit at 4am est


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  #3 (permalink)
 fredifrosch 
Düdingen, Switzerland
 
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superfrost View Post
Hi

Could somebody send me their chart of ES future for today(friday) showing the hours around 4 am est ? Preferably someone with a data provider other than CQG. Just want to check out things as my stop was hit exactly on that tail

Mine looked like this on 3 minute chart:



EDIT: chart has gmt +1 time, so stop is hit at 4am est

price?

  #4 (permalink)
 fredifrosch 
Düdingen, Switzerland
 
Experience: Intermediate
Platform: NinjaTrader, TWS, QST
Broker: IB, DeCarley, AMP
Trading: Options, Futures, Options on Futures
Posts: 10 since Feb 2012
Thanks Given: 55
Thanks Received: 15


The following user says Thank You to fredifrosch for this post:
  #5 (permalink)
superfrost
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Posts: 23 since Oct 2013
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Yeah sorry for quality of screenshot.

Stop at 2085,25 and entry at 2084,50

  #6 (permalink)
 fredifrosch 
Düdingen, Switzerland
 
Experience: Intermediate
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Broker: IB, DeCarley, AMP
Trading: Options, Futures, Options on Futures
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Yes, High was 2085.25 :-(

  #7 (permalink)
superfrost
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Well thanks for you input!

Maybe this is a hint at me to rethink my use of stop loss orders in the ES

  #8 (permalink)
 choke35 
Germany
 
Experience: Intermediate
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superfrost View Post
Well thanks for you input!

Maybe this is a hint at me to rethink my use of stop loss orders in the ES

... at least for stops off-RTH ...

  #9 (permalink)
superfrost
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And again my SL is hit at very top of swing. Must be either unlucky today or wrong for using hard stop loss orders - even though this is far outside of RTH. Though one could argue that the lower volume at this time makes manipulation easier...


  #10 (permalink)
 choke35 
Germany
 
Experience: Intermediate
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More than 100 contracts were traded @85.25, so nothing special.

If the stop @85.25 was used for more than a scalp (then it could be ok), it looks like a typical "pure" RM/MM stop.
Why? It was set completely regardless of market conditions: @85.25 is inside the last superior RTH swing (89-77) and inside of yesterday's ETH value area,
i.e. 70%+ of yesterday's prices were in that region. Setting stops that way you can close positions in advance most of the time and will be better off.

P.S.: If you consider 89-77 as a PA inside, your superior swing is 2073-89 which would make the stop @85.25 even worse.


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