DTs Pre Market Prep - futures io
futures io



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 266,020 views
    2. thumb_up 6,587 thanks given
    3. group 286 followers
    1. forum 1,333 posts
    2. attach_file 1,518 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

DTs Pre Market Prep

(login for full post details)
  #1301 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

23rd October



Back to the lows again - still interested in what happens if we get to 2697 area below.



I wouldn't normally put too much stock in the profiles with this much volatility but I would keep an eye on 2750-2755 for a reaction as we did seem to break from that point.



Which is basically the same story we see here. The drop was overnight though - not an intraday breakdown.

As usual when we break overnight, the open is all about whether the market accepts the lower prices but also about the rebalance because futures moved significantly and stock market didn't - so any opening move has to be viewed with suspicion as that could just be the markets getting into synch.



Not much news, not that it would make a lot of difference with this volatility.

Plan
- if we open down - be wary of any move up off the open (rebalance)
- take momentum moves but only after 9:45am
- eyes on 2967 and 2550-55

Weekly Numbers
- Really not looking at these levels right now with all this volatility

Daily Numbers

Range - 2749.75 -> 2782 / 2800.50
Value - 2754 -> 2771.75
Globex - 2714.25 -> 2757.50

Settlement - 2756.50


Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1302 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

24th October



Yesterday we said "Back to the lows again - still interested in what happens if we get to 2697 area below. "

And now we've hit it and we had a very nice bounce up. We are now heading back down, so eyes on the level and expect a big push down if it breaks. It's also possible that this overnight push down will be done and that we could be set for a move back up to 2820.



Really not much to see here in my opinion.



We can see the rejection as we made it through that old low was pretty swift and now we are just waiting to see if we get follow through



Eyes on the news but the volatility is already with us, so I don't see the news being a big influence.

Plan
- Follow momentum
- Pay particular attention above yesterdays high for a run up and around 2697 area if we revisit - moves away either direction should be excessive

Weekly Numbers
- Really not looking at these levels right now with all this volatility

Daily Numbers
Range - 2749.75 -> 2782 / 2800.50
Value - 2754 -> 2771.75
Globex - 2714.25 -> 2757.50

Settlement - 2746.25

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1303 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

25th October



We had eyes on 2697 yesterday with the expectation of a big push down if it broke & that's what we got. The next level down is 2562 or thereabouts. So eyes on yesterdays low, if that breaks I will be looking for more downside participation.



You can see the small consolidation here before it broke the 2697 level. We are now in no-mans land with the exception of yesterdays range potentially giving is some cues. So there's not a lot to play off but there is volatility to follow.



Once again - volatility overrides news at the moment.

Plan
- Not a day for precise entries again - but shorts below yesterdays low look interesting
- Other than that, try to follow momentum moves

Weekly Numbers
- Really not looking at these levels right now with all this volatility

Daily Numbers
Range - 2652.25 -> 2750 / 2757.50
Value - 27505 -> 2748.50
Globex - 2658.75 -> 2692.50

Settlement - 2664.25

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 8 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1304 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

26th October



We seem to be resisting moves to push down - or rather we are on the 3rd attempt, 3rd consecutive day to break down decisively through 2650. So I figure if it does that in the day session, we could see people jumping on the downside for another run down. At this point, I am somewhat tempted to play a longer term trade to the upside - although I'd like to see it a lot lower first.



We can see a decent push down over night but not managed to stay below 2650 so far.



Eyes on the news - especially GDP & any shift in consumer confidence.

In my opinion - we have a bit more going on today in terms of levels. As we've had 3 pushes down at this 2650 - any breakdown will be significant in my opinion. We do have to be aware that any initial move up may just be the stocks & futures rebalancing.

Plan
- Be wary of intial moves up & ready to fade them
- shorts below overnight low
- momentum trades elsewhere - focus on trying to get into a runner and happy to scratch a few in the process

Weekly Numbers
- Really not looking at these levels right now with all this volatility

Daily Numbers
Range - 2658.75 / 2667.50 -> 2723.75
Value - 2685 -> 2709.50
Globex - 2646 -> 2690

Settlement - 2688.25

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1305 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

29th October



We did breakdown again on Friday but just couldn't hold it. We are getting participation on the pushes down but there doesn't seem to be the strength to push is down to 2560 level below.



There's plenty of volume and volatility but no direction. I think that it's a mistake to try reading too much into this.



Eyes on personal spending, if that is off, I'd expect a good push down.

Plan
- No bias, high expectation of volatility
- try to jump on moves, once under way
- look for longs if we dip below overnight or Fridays low
- don't be too cerebral about it

Weekly Numbers
- Really not looking at these levels right now with all this volatility

Daily Numbers
Range - 2627.25 -> 2692.75
Value - 2644.50 -> 2674.50
Globex - 2660 -> 2692.50

Settlement - 2669.50

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1306 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

30th October

First of all - sorry for the typo yesterday - should have said "short below Friday/overnight low" not Long...



A 100 point range on the S&P yesterday and just under 3 million contracts traded, whilst it doesn't impact our day trading. you do have to wonder if that excess might be the beginning of the end of this high volatility period.

Direction wise - we are set to open in the middle of yesterdays range.



It's a little misleading looking at the chart because with the scaling - this 100 point day doesn't look much different to a 10 point day.

Plan
- I still can't see much use in trying to predict this market or any turning points
- I prefer multiple attempts at getting into a momentum move and then scaling in
- I think downside moves are the best play, especially after breaking prior lows

Weekly Numbers
- Really not looking at these levels right now with all this volatility

Daily Numbers
Range - 2603 -> 2707
Value - 2645.50 -> 2706.25
Globex - 2636.50 -> 2664

Settlement - 2643.50

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1307 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

1st November

Sorry prep was missed yesterday, I spent 6 hours looking at a ticket with a number on it in a Govt office. Hence, I was not quite as "Zen" as usual and decided my head wasn't in the game.



First thing I think when I see this is "I wonder how many people are now married to the upside now". So for now, I am going to stay neutrally biased because this is a helluva potential trap. I'm not biased downside and will take longs but I think there could well be a shake out before we head up to 3000



Looking down, I could see us dipping into 2690-2700 and that being rejected, so eyes on that. Volatility has started to decrease but again, I don't see we can say "it's over" just yet. So expecting volatility still.



Obviously - watch out @ 10am!

Plan
- Neutral bias
- On the lookout for a shakeout to the downside
- other than that - just follow the volatility for now, still not relying on levels

Daily Numbers
Range - 2681.75 / 2706.25 -> 2737.25
Value - 2713.75 -> 2730.25
Globex - 2704 -> 2727.25

Settlement - 2711

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1308 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

2nd November



Market up, volume down - although volume is still decent.



It was more of a grind up yesterday, which I see as a stronger move. Overall, I feel there is a good chance of a shake-out of some sort but I'll go with the flow. I still think it's a bit volatile to follow regular day trader levels but not that yesterdays value low has held overnight. So better watch them anyway.



That's a lot of news going into today.

First order though - we are set to open with a decent gap up. So look out for any moves down off the open as they may just be the futures/stock rebalancing.

Plan
- Be wary of any initial moves down off the open
- Look for longs off yesterdays high, fades of overnight range, longs above overnight high - let the levels hold, then jump on

Daily Numbers
Range - 2704 / 2707.75 -> 2741.25
Value - 2723.50 -> 2737
Globex - 2722.75 -> 2764.50

Settlement - 2738

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1309 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

5th November

Bonfire night in the UK. Fireworks in the US. For my take on the way to work your way around the election - take a look: https://www.jigsawtrading.com/2018/11/05/mid-term-election-week-what-traders-need-to-know/



We fell back on Friday - another big range day but not the shake out I was thinking we'd get. I think now the election will make the markets "non-technical"



A big weekly range, I'm going to ignore the weeklies again this week - it's just too much of a range and was too volatile to consider it will yield any useful reference prices.



A fairly tame overnight session considering Friday.



Eye's on 10am for PMI.

Plan
- first thing is to see how the volatility is - Friday was huge but overnight very slow
- aggressive on joining moves down, especially on a break of Friday low/Overnight low
- basically looking to jump on volatility if we have it. If we don't, I'm honestly not sure which levels we'd play off

Daily Numbers
Range - 2699.25 -> 2756.50
Value - 2706.25 -> 2727.75
Globex - 2712.75 -> 2723

Settlement - 2724.25

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1310 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

Election day - no trading for me!

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 futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1311 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

7th November



Looks like Dems have the house. The overnight market is up but it remains to be seen how the mass of US Traders will react to the news.

We have increased news risk today and the next few days as the market absorbes the news and politicians put their feet in their mouths. Ears and eyes on the news.

Eyes on the pullback we had in the move down - 2820.



I'm not using the weekly profile still as it's still very volatile.



We are up overnight, so be wary of any snap back down off the open - might just be rebalancing.



Not a lot of scheduled news at the moment....

Plan
- This is primarily a new-driven market, so technical levels are not so important
- Any move down off the open will be treated with suspicion
- I'm going to see how things play out, skip the opening trade and see if we have directional trade - if it's wild and illiquid, I'll stand aside

Daily Numbers
Range - 2729.75 . 2735.75 -> 2761
Value - 27042 -> 2751.50
Globex - 2744.75 -> 2786.25

Settlement - 2756.75

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1312 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

8th November



Still very volatile. Now we are up to the 2820 level - the pullback from the way down. It's an inflection point, so any move away in either direction has a good chance of follow through (not to mention the overall volatility).



No weekly profile with these moves, it's too elongated and with this volatility, I don't see any point in trying to be too cerebral about price levels.



Average news day till 2pm with the FOMC.

So this is going to be interesting - a period of high volatility and the FOMC in an election week. So I don't expect the usual slow FOMC morning.

Plan
- wary of 2820 area but will play a move away
- as usual in these volatile times - just try to find a decent place to join the moves.


Daily Numbers

Range - 2735.75 / 2744.50 -> 2787
Value - 2777.25 -> 2802.25
Globex - 2802 -> 2818

Settlement - 2802.75

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 9 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1313 (permalink)
 nonojnet 
marbella + spain
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP futures
Trading: ES
 
Posts: 9 since Dec 2017
Thanks: 39 given, 3 received

Would you clarify the range levels? They don't match with yesterday's range or week's range either. Thanks

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #1314 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received


nonojnet View Post
Would you clarify the range levels? They don't match with yesterday's range or week's range either. Thanks

Sent using the futures.io mobile app

OK - I use the prior days regular trading hours session AND the overnight range if it's outside.

So

a / b -> c

would be

a - previous overnight low (there as it's lower than day session low)
b - day session low
c - day session high (which is higher than overnight high)

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 futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1315 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

13th November



Note - this is a VERY early prep, so please understand the overnight numbers will need reviewing. 6 hours in immigration yesterday and looks like the same today! Hence the early prep.

Veterans day didn't keep many people away from the markets. As we discussed last week, the 2820 area held. I think this is more to do with there not being that much around - now we are down to 2711 area which is also a significant swing in this high volume erratic chop we've been in since October. So this may be significant & a move away in either direction should be decent. I would not however, trade the level itself.



Once again, looking left this market is far too volatile to get meaning from the weekly profiles in my opinion, so they are off the table at the moment.



From the daily levels - keep an eye on the 2752 area - we moved back up to it yesterday before dropping.

Plan
- watch the 2511 area (but be flexible, it is volatile remember) - we want it to rest around there and then move away. To see a pause (indecision) and then something decisive.
- Other than that, it's the volatility play. Careful getting in and then layer into a position.

Daily Numbers
Range - 2722.25 -> 2777.50 / 2795.25
Value - 2730.25 -> 2851.75
Globex - 2719.25 -> 2735.50

Settlement - 2727.25

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1316 (permalink)
 CarneyRules 
Hayward, CA USA
 
Experience: Beginner
Platform: ninjatrader
Trading: ZB
 
Posts: 13 since Jan 2017
Thanks: 2 given, 8 received

Personally I hope the volatility continues, even though I know it probably won't . I've had 20 straight days of profitable ES trading, mostly taking advantage of the volatility. I'm dreading getting into low volume chop days again .

Reply With Quote
 
(login for full post details)
  #1317 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received


CarneyRules View Post
Personally I hope the volatility continues, even though I know it probably won't . I've had 20 straight days of profitable ES trading, mostly taking advantage of the volatility. I'm dreading getting into low volume chop days again .

You should switch to DAX

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 futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #1318 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

28th November

Back off vacation with my 23 year old nephew. I needed a break!



Volume is way down the past few days but it's still quite illiquid. Oddly, on Monday - we started off trading 5-600 per level for about 20 mins and then the liquidity all dropped and we were back to less than 100 to eat through each price.

So a move down, less volume in this retrace up but overall we seem to be in a range 2600-2820. It could be the drop in volume is lack of interest in the range OR it could be a low volume pullback which means a push down would see increased participation/continuation.



Last week, we can see a huge drop from 2730 to 2700. So 2700 is worth keeping an eye on today. If it breaks upside, we could be at 2730 very quickly.



The market does appear to be back to a somewhat technical state, holding prior days high/low, value high/low. So I think that 'game' is coming back which would also indicate a return to normality.

Of course, it's an indication and not a guarantee - so let's see how it plays out.



Eyes on Home Sales @ 10am

Plan
- eyes on 2700 for a hold/break (a line in the sand)
- eyes on any move down that gathers steam and sees a lot of volume indicating a willing to break the downside
- other than that - the open trade is on today and watching the day trader levels for a reaction

Weekly Numbers
Range - 2631.50 -> 2692.50
Value - 2656.50 -> 2676.50

Daily Numbers
Range - 2655.25 -> 2684 / 2684.25
Value - 2666.50 -> 2679
Globex - 2681 -> 2692.50

Settlement - 2683.50

Today only - 2700

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1319 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

29th November



An interesting day yesterday. Powell speaking did move the market but it still remains a reasonably 'technical' market.

By that I mean - it really looks like day traders are playing the common trades on ES and being the dominant force. In terms of yesterday we said "Last week, we can see a huge drop from 2730 to 2700. So 2700 is worth keeping an eye on today. If it breaks upside, we could be at 2730 very quickly." - and that's what happened. Yesterdays overnight low was just above prior days value. Todays overnight has held the prior days value/high. It's not a guarantee but this seems to be somewhat back to normal players at the table.

To the left, we can see that 2750 held before the last push down. That's where we are close to now, so any move away with volume will probably be jumped on.



The weekly profiles show that break at 2700 - there's still not much traded between 2700 and 2720, so eyes on that.



Daily high is holding overnight so eyes on that.



FOMC today - but still expecting some volatility in the AM.

Plan
- early trade on (note yesterday, there was no step near the open)
- watching day trader levels for a reaction
- eyes on 2750 - prior rejection - jump on strong moves away in either direction

Weekly Numbers
Range - 2631.50 -> 2692.50
Value - too elongated

Daily Numbers
Range - 2681 / 2684.25 -> 2745
Value -too elongated
Globex - 2728.75 -> 2742.25

Settlement - 2741.50

Today only - 2725 (expecting a drop to 2700 below), 2750 (prior rejection)

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1320 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

30th Nov



We poked through the 2750 level from yesterday (after FOMC) and we then moved down. So eyes on continuation down OR any re-test at 2750.



Still also looking at that upper distribution, so a drop below 25-30, will likely see a run down to 2700.



It was a relatively slow day yesterday, we did get post FOMC volatility but not a wide range relative to the last couple of months action.

Overnight, it's back to "technical" - rotating around yesterdays value area.



Not much news, unless you are from Canadia, eh?

Plan
- Watching 2750 as a line in the sand, & the 25-30 area with the prospect of a drop below (but churn up if it holds)
- Other than that, watching the day trader levels today and an eye on the volatility.

Weekly Numbers
Range - 2631.50 -> 2754.50
Value - too elongated

Daily Numbers
Range - 2723.25 -> 2754.50
Value - 2729.25 -> 2745.25
Globex - 2731 -> 2743.50

Settlement - 2744.25

Today only - 2725-30 (expecting a drop to 2700 below), 2750 (prior rejection)

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1321 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

3rd Dec



Huge gap up overnight. Looks like it's off the back of China/US agreeing no new tarrifs for a while. So as usual with something like this - first order of the day is how US traders take this news & whether they agree with these new prices.

Stock market was closed obviously during this move up. So the other thing to be on the look out for is any short term rebalancing off the open which would be a move down. So any immediate move down off the open should be looked on with a bit of skepticism and might actually be a good buying opportunity if it runs out of steam.

Above us, the 2817-2824 area is a line in the sand, so eyes on a move away after a test, in either direction.



A 30 point gap up and not much below till 2745 - so we do have to be wary of any strong moves down if there is a lot of volume.



Not much to say about the daily levels today - we are so far away, they probably won't be relevant.



ISM PMI at 10am - but I doubt that will alter the tone for the day.

Plan
- if we push down for the open, look for weakness & take a long
- if any move down is sustained, then look to join with the prospect of 2760 or 2745 (may take a couple of days)
- ears on the news because if this US/China agreement gets pulled - market will drop like a stone. Conversely - any warming in relationships will see a rise
- moves away from a test of 2817-2824 with good volume also worth joining.

Weekly Numbers

Range - 2631.50 -> 2764.75
Value - too elongated

Daily Numbers
Range - 2729 / 2733.25 -> 2764.75
Value - 2737.25 -> 2753.75
Globex - 2793 -> 2814

Settlement - 2758.25

Today only - 2817-2824

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1322 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

4th Dec



No major reaction to the gap up. Lots of contracts but just a push down and then back up. We didn't quite get to our 17-24 level but got as close as 15. Still eyes on that & the gap close at 64.75.



Not much volume from here down to 2745, so if we so push down, we could easily blow through 64.75.



Yesterdays value held overnight so far. So eyes on the day trader levels (below) today.



Not much news to shift us today.

Plan
- Neutral bias going in, opening trade on
- Watching day trader levels + the 2817-2824 area and the gap close at 64.75 as well as 2745
- Gut feel is any break down will bring in sellers but the gap close is pretty close now.

Weekly Numbers
Range - 2631.50 -> 2764.75
Value - too elongated

Daily Numbers
Range - 2773.50 -> 2802.50 / 2814.25
Value - 2780 -> 2792
Globex - 2767.25 -> 2791.25

Settlement - 2790.75

Today only - 2817-2824, 2764.75

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1323 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

6th December



Well, so much for 'gap up'/end of trade war... some big moves down the past few days - but overall we are in a big range and the bottom isn't well defined - but we are close to it.... 2603->2626. I'd see them as 2 seperate levels rather than a range and a push through 26 and absorption on the bid side would be a decent cue for the market to hold.

I do expect a big move if we break the range - it's just a bit hard to tell where the break is - so just looking for big volume below 26 with caution at 03.



Not really expecting much from this weeks profile - but eyes on 2705 if we do move up.



As yesterday was a market holiday - I'm not looking too much at the levels other than what we trade overnight.

This is a big move down overnight - so as usual - look for a snap back up off the open but be wary that it might just be rebalancing. It may be worth sitting out the first 15-30 mins too.



Plenty of news too- plus an OPEC meeting. So really - what could possibly go wrong today?

Plan
- Range low just below, so watching to see if we break it or hold it. It's just tricky as the bottom is poorly defined.
- careful about initial moves as the US traders open to this 2nd large drop this week
- the meek may want to sit the first 15 minutes out!

Today only - 2603, 2626

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1324 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

7th December



Yesterday we were looking for the range low around 26 or 03. As you can see above it was around the most recent push down. So a push through and rebound up.

Overnight another push down. Looking left we are in a big range. So my expectation after testing the low is we traverse to the highs - but we should consider the current position to be just like the middle of any range - choppy. So it might take a few attempts to get on the right side of any move.

OR - look at an instrument with some liquidity...



Not much to deduce from the weekly profile - 200 points range almost. It's just really, really volatile.



Interestingly - the overnight session bottomed out around yesterdays value high and topped out around yesterdays day session high. It doesn't seem like it would be a technical market but with the hold of the range low, I guess we'd better keep an eye on the levels today.



Plenty of news again. Order of the day is assess the volatility - yesterday it was sweeping 6 or 7 levels at a time and that's a tough environment to trade in as it requires a lot more risk.

Plan
- Open Trade on
- Long bias - be nice to see a downside level tested for a long - which would need market moving down another 9 points from here. Alternative would be a break of yesterdays high. Between the 2 - I don't see a great reason for getting in.
- of course if yesterdays high holds, then shorts are on - so treating it like a typical day trader day but more 'slidey' and looking to enter into momentum AFTER a level.

Weekly levels - too elongated IMO

Daily Numbers
Range - 2621.25 -> 2699.25
Value - 2639.25 -> 2699.75
Globex - 2670.25 -> 2798.75

Settlement - 2691

Today only - 2603->2626

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1325 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

10th December



Huge day on Friday, so first thing we want to know today is if we'll have a stable market or not. We still haven't tested the 2603 low to the right and I'd be very interested if we push through that and then start to spring up - classic headfake.

Other than that - it's a potentially dangerous market.

According to CNBC - the sky is falling https://www.cnbc.com/2018/12/09/bear-market-is-here-brace-for-20percent-plunge-ned-davis-research.html - lol -once again - media getting all predictive of a drop in the markets AFTER it's gone down 10%.... One can only assume Ned Davis are buyers...



Weekly profile is huge - over 200 points last week and for me, that makes the value area a bit useless. We can see most volume concentrated below 2730 - so eyes on a move above that.



Fridays value area held overnight - not sure if that means we are in for a more 'technical day'. We did drop a lot on Friday but we are still within range.



Not much news after 10am.

Plan
- On the lookout for an orderly market or not. If it's too wild - stand aside
- Watch for a headfake if we push below 2603
- watch out for acceleration above 2730
- As we are close to the bottom of the range, we need to see if the market can put in a decisive move away to jump on - but only if it's not too erratic.


Weekly levels
2621.25 -> 2814
Value - too elongated

Daily Numbers
Range - 2623.25 -> 2709.75
Value - 2631.25 -> 2674.75
Globex - 2610.25 -> 2632.50

Settlement - 2636

Today only - 2603->2626

Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697

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 futures io Trade Journal Started this thread Reply With Quote
The following 11 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1326 (permalink)
 Rrrracer 
Webinar Host
Liquidity Hunting Nomad
Roamin' the countryside
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,405 since Feb 2017
Thanks: 16,691 given, 9,131 received


DionysusToast View Post
- watch out for acceleration above 2730


Peter, forgive me for the noobish question but I was curious about this statement... there's a large gap in the profile there, why wouldn't we expect to see price slow around that area and begin filling it in?

Also, do you strictly use TPO or do you ever consult volume profile?

Thanks
Shane

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Rrrracer for this post:
 
(login for full post details)
  #1327 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received


Rrrracer View Post
Peter, forgive me for the noobish question but I was curious about this statement... there's a large gap in the profile there, why wouldn't we expect to see price slow around that area and begin filling it in?

Also, do you strictly use TPO or do you ever consult volume profile?

Thanks
Shane


Quite often if hardly anyone traded those prices on the way down - they don't on the way up.

In theory it's down to the positions remaining there.

Or flip the question on it's head. If no-one traded those priced on the way down, why would they on the way up?

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 futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1328 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

OK - so looking at today - we have China news aka 'trade war', we have Ms Meng the Merciless in Jail in Canada, we have Mrs May going full retard on Brexit.

There's Risk on, Risk off & Run off. I think today is for the latter.

I will watch - but not planning to trade this - Brexit coming to the fore again is just one uncertainty too many. Liquidity is useless as it is, so I'm going to sit it out today....

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 futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1329 (permalink)
 Rrrracer 
Webinar Host
Liquidity Hunting Nomad
Roamin' the countryside
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,405 since Feb 2017
Thanks: 16,691 given, 9,131 received

That's interesting; do you ever look at/trade 6E? A lot of times I see behaviour that is the complete opposite... if a profile has a large range with low volume, price comes back to fill in the gaps. Curious about why this might be the case for some instruments but maybe not others?


Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Rrrracer for this post:
 
(login for full post details)
  #1330 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received


Rrrracer View Post
That's interesting; do you ever look at/trade 6E? A lot of times I see behaviour that is the complete opposite... if a profile has a large range with low volume, price comes back to fill in the gaps. Curious about why this might be the case for some instruments but maybe not others?

Attachment 260089

Not a shock - different markets, different behavior.

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 futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1331 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

17th Dec

Looking at the calendar, we should be good for trading volume till Friday. Christmas eve is on Monday, so it appears to have fallen nicely from a trading perspective. Still -eyes on volume. Over to the March contract too.



I am hoping that maybe we'll see a more liquid March contract but I'm not holding my breath... We still have the same news events hanging over our heads and Mrs May has decided to leave us with Brexit uncertainty until January.

Anyway - we are at the bottom of the range still with an eye on last weeks low and 2564.75 below.



No weekly profile today - because of the roll. We can see that overnight, Fridays range has been tested and held, all but a little push through.



Not much in the news today.

Plan
- Early trade on if we open near a volume step from overnight
- Shorts below Fridays low but long anywhere above that
- Expecting volatility, so waiting for volume to set the direction and then for a price to lean on
- Expecting all hell to break loose if we break 2564
- Still not at all in love with these market conditions. If I liked this, I'd be trading DAX

Weekly levels
Not interested because of the range

Daily Numbers
Range - 2597.25 -> 2639.75 / 2652.75
Value - 2595.50 -> 2628.25
Globex - 2610.25 -> 2616.75

Settlement - 2602

Today only - 2603->2626

Long Term Levels - 2564.75, 2700.25, 2800.75, 2872, 2896. 2925.75, 2951.25

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 futures io Trade Journal Started this thread Reply With Quote
The following 10 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1332 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

Getting ready to get back into it....

Planning to Trade in 2019? Here's my thoughts on expected market conditions & how to handle them.

https://www.jigsawtrading.com/2019/01/02/trading-2019-market-conditions-go-forward-plan/

Will be posting here about the transition more than anything...

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:
 
(login for full post details)
  #1333 (permalink)
supreme23
Vancouver
 
 
Posts: 29 since Apr 2018
Thanks: 19 given, 9 received


DionysusToast View Post
Hi All



I decided to move my pre-market prep over here.



I tend to push this out on a forum, the Topstep indices room and a Skype group I'm a member of.



I'd prefer this thread to be a place for anyone to post pre-market prep for any market.



Not much to say other than you'll pick it up as you go along..



DT



May I join a chat group with you for topstep please ?

Reply With Quote
The following user says Thank You to supreme23 for this post:
 
(login for full post details)
  #1334 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

OK - so here is where I am at.

Bund (FGBL), Euro (6E) & Eurostoxx seem to be a good combination. In the US session too. In fact, with the new open hours, it's not that bad in the Asian session.

What looks good at the moment is the way they all pick up pace at the same time if a real move is under way. It's not dissimilar to using NQ/YM to help trade ES - but in this case all 3 instruments are quite tradable.

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 futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to Jigsaw Trading for this post:


futures io Trading Community Trading Journals > DTs Pre Market Prep


Last Updated on January 7, 2019


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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