DTs Pre Market Prep (Page 39) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


DTs Pre Market Prep
Started:May 28th, 2013 (09:53 AM) by DionysusToast Views / Replies:131,765 / 918
Last Reply:December 6th, 2016 (10:06 AM) Attachments:535

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike
     

Reply
 535  
 
Thread Tools Search this Thread

DTs Pre Market Prep

Old September 15th, 2014, 07:16 AM   #381 (permalink)
Elite Member
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 931 since Aug 2009
Thanks: 739 given, 1,288 received

FWIW

Last image is missing on my screen
Not sure if it is me or everyone.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
     
The following user says Thank You to DavidHP for this post:
     

Old September 15th, 2014, 07:19 AM   #382 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received


DavidHP View Post
FWIW

Last image is missing on my screen
Not sure if it is me or everyone.

Fixed David - thanks for the heads-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
Reply With Quote
     
The following 2 users say Thank You to DionysusToast for this post:
     

Old September 16th, 2014, 06:22 AM   #383 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received


16 September

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


Yesterday we talked about the 2 significant prices:


Quoting 
Chart has been adjusted for the older new contract. We have 2 lines quite close to each other.

1970.25 - an old high that was tested a number of times
1977.75 - the next high which just got hit once

We broke down through the 77.75 line with very little reaction. No sign of long stopping out. We took a dip through the 70.25 level in todays Globex session and are now between those 2 levels. At this point, we have to consider the market might happily carry on down without any reaction at going back into the old range. For the downside, I'm watching to see what happens if the 70.25 line breaks in the pit session and if longs unwind rapidly. If not, we could still have downside and I'd expect it to be a grind possibly down to 1934.50 if we are headed that way. Obviously, if we get a test of 70.25 or 77.75 from below, that will give more confidence to the downside today.

To the upside - that would be a value play and see us back to the top of the white box and a test of the highs.

So basically looking to revert to the range of the past few weeks or start moving down, still with the potential for longs running for the doors.

Yesterday we basically traded between those 2 prices, so same thing applies today - just with a little more "energy" built up between the prices that will be released on a break.

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


From a weekly perspective we can also see that we could not make meaningful headway into yesterdays value area. That should help bring sellers in if we get another test of yesterdays high and it holds.

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


As we go into today, if the range hasn't broken by the open (which could easily happen as we have inflation numbers @ 8:30), I'll be looking to see if either end of value holds from yesterday - 1972 & 1976.50. If that happens, I'll look to try to get on to play to the range extreme in the direction of the bounce off the level. If not, then watching around yesterdays range for a reaction. So from where we are, if 1972 holds, I'll try to go long and scale some before 1978.

If we start today outside of yesterdays range, I'll look for it to be tested after the pit open. A test and traders stepping in would give me confidence in a decent move.

The downside today is that I don't usually like to play levels. I like to wait for a move off a level and then get in on a retracement. That might be difficult to get if it bounces off an extreme and the other side steps in because yesterdays range is so small, it might just bounce and go through in one leg.

As per last week, I still feel the downside has a lot more potential for stops, so any downside move may be one you just have to jump on - the above is really about trying to get a lower risk entry.

Weekly Numbers
Range - 1971.25 -> 1998.75
Value - 1978.50-> 1991.50
S1 1966 R1 1992.75

Daily Numbers
Range - 1968 (globex)-> 1969.50 / 1979
Value - 1972 -> 1976.50
Globex - 1972.50 -> 1977

Settlement - 1976

Long Term - 2003, 1985.75,1977.75, 1971.75, 1959.75, 1947.50, 1936.50, 1917.25, 1906.50, 1891.25, 1867.50, 1839.50, 1825.25, 1796

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
Reply With Quote
     
The following 7 users say Thank You to DionysusToast for this post:
     

Old September 17th, 2014, 05:50 AM   #384 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received

17th September


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


Back into the end of summer range. Yesterday we had our first 2million contract day since the summer.

As per yesterday & Monday....


Quoting 
Chart has been adjusted for the older new contract. We have 2 lines quite close to each other.

1970.25 - an old high that was tested a number of times
1977.75 - the next high which just got hit once

We broke down through the 77.75 line with very little reaction. No sign of long stopping out. We took a dip through the 70.25 level in todays Globex session and are now between those 2 levels. At this point, we have to consider the market might happily carry on down without any reaction at going back into the old range. For the downside, I'm watching to see what happens if the 70.25 line breaks in the pit session and if longs unwind rapidly. If not, we could still have downside and I'd expect it to be a grind possibly down to 1934.50 if we are headed that way. Obviously, if we get a test of 70.25 or 77.75 from below, that will give more confidence to the downside today.

To the upside - that would be a value play and see us back to the top of the white box and a test of the highs.

So basically looking to revert to the range of the past few weeks or start moving down, still with the potential for longs running for the doors.

We eventually broke upside, into the old range and there were some stops there above us. The move up certainly wasn't sluggish as per my expectations I think that was helped out by intraday shorts getting trapped (more below).

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


We now are back into the range. After yesterday, it's hard to see what would make sellers jump in at the top of the range again - around 2003. Still, the 2 scenarios are new highs or test the high & return to the low of the range. A move down from here without seeing the tops first it my least likely scenario.

Of course today is FOMC day so it's probably going to be a slow start then a move later on in the afternoon. You do have to wonder if this push up is not in anticipation of FOMC in which case it could go down aggressively in the afternoon.

We do now have enough of a base here to move on up and take longs with confidence. If we do break up, then I'm looking for a retest to 2003 before playing a long. I think fading 2003 is a tough trade and there's plenty of room to the downside to let it reverse and then get on board.

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


Yesterday we took a move down off the open and we couldn't quite get to the 70.25 level. Buyers jumped in and we popped up through 77.25. That 77.25 level then acted as support for an hour and it was heavily attacked and defended. The market did look like it was rolling over from 10:15-> 11:10 with sellers becoming predominant and delta sliding down. We got 5 ticks through the 77.25 level on the 4th attempt at the level but buyers just jumped in again. There was a massive step on the profile at 77.75/78.00 and bravo to buyers for grabbing it back.

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


Here's yesterdays chart (minus half the delta)... We can see how the market started to roll over and volume started to move to the sell side. We can see delta also came off 10k approximately but buyers just whacked them (blue line is overnight high). Shame we can't see the delta on this. That push up when the roll failed was partly the new shorts getting stopped out but it shows a lot of will on behalf of the buyers.

It's hard to see what will put buyers off at this point. I would not be surprised to see 2100 by the end of this year.

There must be some sellers licking their wounds today and there's no shame in being one of them either.

Weekly Numbers
Range - 1968 -> 1994.50
Value - 1969 -> 1978.50
S1 1966 R1 1992.75

Daily Numbers
Range - 1970.25 -> 1970.75 / 1994.50
Value - 1980 -> 1994.50
Globex - 1989 -> 1992.25

Settlement - 1991.50

Long Term - 2003, 1985.75,1977.75, 1971.75, 1959.75, 1947.50, 1936.50, 1917.25, 1906.50, 1891.25, 1867.50, 1839.50, 1825.25, 1796

Right n

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

Last edited by DionysusToast; September 17th, 2014 at 06:01 AM.
Reply With Quote
     
The following 8 users say Thank You to DionysusToast for this post:
     

Old September 17th, 2014, 09:00 AM   #385 (permalink)
Elite Member
Dubai/UAE
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 18 since Mar 2012
Thanks: 5 given, 6 received

the delta line

Futures Edge on FIO

Are you a NinjaTrader user?

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


the delta line during the whole session

Reply With Quote
     
The following 4 users say Thank You to Twingo445 for this post:
     

Old September 18th, 2014, 07:19 AM   #386 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received

18th September

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


No big surprises yesterday. A slow morning then up to the all time high and we bounced off it.

So now, do we continue the range and go back to 1970.25 or are we going to push higher. We have unemployment numbers at 8:30am, so that might be enough to decide either way. If we do push through strongly, I'll be looking to see it come back to test 2003 and if that holds, I think longs can be high confidence.

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


If we do move down, we could find support at 1989. If that breaks, I think we could see a swift move down to 1978.

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


The split profile shows the 1989 level. We did have the wild "Fed Swing" in yesterdays afternoon but the dust has settled now. We have yesterdays value low at 1989.50, so if we do go down, that area should at least see a minor pop, even if it doesn't hold.

Sellers did try to break the range to the downside earlier this week, so it'll be interesting to see if they shy away today.

Weekly Numbers
Range - 1968 -> 2003.25
Value - 1974.50 -> 2002.50
S1 1966 R1 1992.75

Daily Numbers
Range - 1983.25 -> 2003.25
Value - 1989.50 -> 1997.50
Globex - 1993 -> 2002.50

Settlement - 1993.75

Long Term - 2003, 1985.75,1977.75, 1971.75, 1959.75, 1947.50, 1936.50, 1917.25, 1906.50, 1891.25, 1867.50, 1839.50, 1825.25, 1796

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
Reply With Quote
     
The following 13 users say Thank You to DionysusToast for this post:
     

Old September 19th, 2014, 07:33 AM   #387 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received

No prep today - having network issues which my ISP is blaming on this:

Southeast Asia Hit by Another Broken Undersea Internet Cable

So right now, I can't get stable data coming in.

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
Reply With Quote
     
The following user says Thank You to DionysusToast for this post:
     

Old September 22nd, 2014, 06:52 AM   #388 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received

22nd September

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


We had a good push up on Friday. We were looking to see a test of the old high (2003) for high-confidence longs. On Friday we rotated around that after the move up and in todays Globex session the old high has been resistance.

We have 2 scenarios to consider.
1 - We find support and continue climbing higher.
2 - We move down to the next 77.75 and complete the range of the past few weeks to the downside (white box above).

I was looking for support at 2003. That would have been a good 'tell' but as it hasn't happened, today I am looking for a line in the sand that could be support or indicate we'll move down to complete the range downside (and possibly beyond)

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


We can see that last week we have very thin trading between 1977 and 1989. So today we can look for acceleration to the downside if 1989 breaks. If it tests and holds, I'd expect for longs to jump in there.

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


We can see that todays Globex session topped out at 2003 so far. Going into today, bearish action from here be a move up to fridays low/value low and that get rejected. Similarly if 2003 gets tested again. That would leave room for a long into 1989. If we get into Fridays range, then we can look for a lower confidence long to the opposite end of the range. Any pullback to show support around 2003 would give us a higher confidence long.

The Globex session is entirely short, so we have to look for a snap up at the open, especially if we open at the lower end of the Globex range.

Also we do have a "bulge" on the globex profile at 1995.75, so that is a potential resistance point but it's a bit early to tell.

Weekly Numbers
Range - 1977.50 -> 2014.50
Value - 1974.50 -> 2014.5 (which is elongated enough to make it fairly useless)
S1 1976.25 R1 2022.75

Daily Numbers
Range - 1998.25 -> 2012.75 (pit) / 2014.50 (globex)
Value - 2001 -> 2007
Globex - 1991.75 -> 2003

Settlement - 2003.75

Long Term - 2003, 1985.75,1977.75, 1971.75, 1959.75, 1947.50, 1936.50, 1917.25, 1906.50, 1891.25, 1867.50, 1839.50, 1825.25, 1796

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

Last edited by DionysusToast; September 22nd, 2014 at 07:04 AM.
Reply With Quote
     
The following 7 users say Thank You to DionysusToast for this post:
     

Old September 23rd, 2014, 04:32 AM   #389 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received

23rd September

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


Back to the bottom of our now one month old narrow range. I'm looking for us to either find support at 77.75 or 70.25 or possibly collapse down. We did just range extend upwards, so we could now do the same to the downside, so I think even if we break 70.25 and sellers jump in, we might just push down to 1960 and not reach the next level down. That would give is a roughly 12 point extension which is what we had to the upside.

So today we look for something above to act as resistance for a short or the 70.25/77.75 to attract buyers for a long.

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


The weekly profile from last week has a lower distribution just below 77.75, which adds weight to the possibility of that area acting as support.

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


Yesterday we had


Quoting 
We can see that last week we have very thin trading between 1977 and 1989. So today we can look for acceleration to the downside if 1989 breaks. If it tests and holds, I'd expect for longs to jump in there.

We didn't get acceleration below 1989. After moving through it,, 1989 became temporary resistance in "L" period in the above profile.


Quoting 
We can see that todays Globex session topped out at 2003 so far. Going into today, bearish action from here be a move up to fridays low/value low and that get rejected. Similarly if 2003 gets tested again. That would leave room for a long into 1989.

We did move to Fridays low and traded 4 ticks through it off the open sellers stepped in but not particularly aggressively till we had a retest about 10:08am and we couldn't make it as high as Fridays low.

Going into today, I'm initially watching 1989 to see if we get resistance there for a short. We've really lacked any decent selling momentum of late, so whilst I think we have potential for a sell off below 70.25, I am not sure what it will take to bring in decent selling.

If we pop up from here into the open. I'll consider longs of yesterdays key levels as we might not have momentum to get us down to 70.25/77.75


Weekly Numbers
Range - 1968 -> 2014.50
Value - 1974.50 -> 2014.5 (which is elongated enough to make it fairly useless)
S1 1976.25 R1 2022.75

Daily Numbers

Range - 1982.59 -> 1999.25 (pit) / 2003 (globex)
Value - 1983.25 -> 1989.75
Globex - 1982.75 -> 1987.75

Settlement - 1986.25

Long Term - 2003, 1977.75, 1970.25, 1959.75, 1947.50, 1936.50, 1917.25, 1906.50, 1891.25, 1867.50, 1839.50, 1825.25, 1796

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

Last edited by DionysusToast; September 23rd, 2014 at 09:42 AM.
Reply With Quote
     
The following 12 users say Thank You to DionysusToast for this post:
     

Old September 24th, 2014, 05:45 AM   #390 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,358 since Nov 2010
Thanks: 722 given, 7,051 received


24th September

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


Yesterday we had:


Quoting 
Back to the bottom of our now one month old narrow range. I'm looking for us to either find support at 77.75 or 70.25 or possibly collapse down. We did just range extend upwards, so we could now do the same to the downside, so I think even if we break 70.25 and sellers jump in, we might just push down to 1960 and not reach the next level down. That would give is a roughly 12 point extension which is what we had to the upside.

So today we look for something above to act as resistance for a short or the 70.25/77.75 to attract buyers for a long.

We bounced off the 77.75 level in the Globex session. The pit session saw buyers jump in a few ticks before 77.75 and we went up to the Globex high. We then had a sell off down to 71.50. In todays Globex session, we have dropped through the 70.25 level but not managed to hold below it

Today I'm looking for signs that this range is breaking to the downside, or if we are heading back up. For the downside, the nicest trades the market could give us would be a retrace to 77.75 or yesterdays VAL (77.50) for a short. That's also around the globex high as of 4:30am EST.

For longs, the 70.25 or Globex low would be nice.

If we do break down, we have to guage the amount of participation. It could be a large run if positions in the above range finally let go. Saying that, we really haven't seen much commitment from sellers.

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


Not much additional information here. We can see an elongated distribution more indicative of a trend day down we do have higher volume above 77.75 to 88. That gives weight to 77.75 holding and a lower probability hold at 88 if 77.75 can't hold.

We have gone 1 tick short of last weeks low, so if 70.25 breaks, then look for 68.00.

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


Here we can see 77.75 held from below in yesterdays Globex session and from below in todays Globex session. So not much to add to the above analysis. This Globex session we have held below yesterdays VAL too.

Same game at every range low basically.

Weekly Numbers
Range - 1968.25 -> 2003
Value - 1971.25 -> 1989.75
S1 1976.25 R1 2022.75

Daily Numbers
Range - 1971.50 -> 1988
Value - 1977.25 -> 1984.75
Globex - 1968.25 -> 1977.50

Settlement - 1975

Today 1989, 1968

Long Term - 2003, 1977.75, 1970.25, 1959.75, 1947.50, 1936.50, 1917.25, 1906.50, 1891.25, 1867.50, 1839.50, 1825.25, 1796

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
Reply With Quote
     
The following 9 users say Thank You to DionysusToast for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > DTs Pre Market Prep

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: ADL hands-on

Dec 13

Normal webinar schedule resumes after the holidays

January

Ernie Chan: Risk Management

Elite only

Dedicated Trading Servers: Advantages/Disadvantages w/sam028

Elite only

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How To Forcast Market Condition Based On Pre Market & Overnight Session? SeanKozak Elite Automated Trading 2 February 23rd, 2013 12:18 PM
Which tool to decide to enter the market at a pre-defined area of interest? Nicolas11 Traders Hideout 2 September 2nd, 2012 01:37 PM
Pfizer Profit Slightly Beats, but Shares Fall Pre-Market Quick Summary News and Current Events 0 May 1st, 2012 09:00 AM
S&P pre market movers aquarian1 News and Current Events 0 January 3rd, 2012 09:08 AM
Consumers, Bond Yields Watched in Pre-Holiday Market Quick Summary News and Current Events 0 May 27th, 2011 01:40 AM


All times are GMT -4. The time now is 11:49 PM.

Copyright © 2016 by 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 2016-12-08 in 0.22 seconds with 20 queries on phoenix via your IP 54.197.66.254