DTs Pre Market Prep (Page 63) - 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:131,385 / 914
Last Reply:December 2nd, 2016 (04:59 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 16th, 2015, 06:29 AM   #621 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

16th September

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


We are getting close to our 1983 level which is an inflection point. We have the FOMC tomorrow, which could lead to indecision. Ideally, we'd test 1983 today and get a reaction regardless of whether it holds or not just based on the fact it's a major level. If it lazily rolls over before 1983, I'll not be so interested.

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


Based on yesterday, we have potential support at both 62.25 and 56, so of we do move down from here, I'll be looking for a reaction at either level.

If we don't get near either of those levels, I'm going to hold off. Unless we build up a lot of volume in an area overnight.

Weekly Numbers
Range 1906.50 -> 1982.75
Value 1922.50 -> 1947.50
S1 - 1924.25, R1 - 1977.50

Daily Numbers
Range -1935.25 / -> 1943.50 / 1973
Value - 1955.75 > 1971.75
Globex - 1962.75 -> 1972.75

Today only 1956, 1962.25

Settlement - 1970

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 6 users say Thank You to DionysusToast for this post:
     

Old September 17th, 2015, 06:09 AM   #622 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

17th September

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


So the big Fed day. I guess we all have opinions on this. My own - nothing says "our economy is weak" like holding back a 25 basis point rise because of a little pullback in the markets.

Going into today, we've broken through the 83 level but that was late yesterday.

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


Now we need to hold above it or roll over. So far in the Globex session, we have been mostly above it. We hade a late pullback to the value low and we also have a single just below that so also watching the 1974.75-1975 area.

So I'm watching 83 area primarily - but also with an eye out for any odd behavior/low liquidity that might indicate hands-off is the better option.

Weekly Numbers
Range 1935.25 -> 1989
Value 1942.50 -> 1973
S1 - 1924.25, R1 - 1977.50

Daily Numbers
Range -1962.50 / 1967 (day) -> 1989
Value - 1975 -> 1989
Globex - 1981 -> 1988

Settlement - 1988

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 4 users say Thank You to DionysusToast for this post:
     

Old September 18th, 2015, 06:26 AM   #623 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary


18th September

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


So no rate change and ultimately - we are back where we were, back in the range. We did spike up to 5 ticks short of our 2013 which is the low of the range we started trading in March. We are now back below our 1983 level and that means back in the range.

So today, we need to break out of this or it'll be more indecision.

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


So today I'm all eyes on 1983.
- This is the high of the globex session so far, so watching for a move down with serious participation off the open for a run to 1936
- Also looking for a break of 1983 to the upside and to see if we get some serious participation there.

If not - it'll be more moves sideways. It's really down to whether we can get some follow through off yesterdays trading, now that traders have had the night to "cool down"

Weekly Numbers
Range 1935.25 -> 2011.75
Value 1949.25 -> 1990.75
S1 - 1924.25, R1 - 1977.50

Daily Numbers
Range -1972 -> 2011.75
Value - 1975 -> 1989
Globex - 1981 -> 1988

Settlement - 1988

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 8 users say Thank You to DionysusToast for this post:
     

Old September 21st, 2015, 06:21 AM   #624 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

21st September

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


Back down to test the 36.25 level. It looks like a test and fail to go through so far. That means we can look out for follow through as the day session opens. It also means that we are still potentially in the narrowing range and we should take caution around 1983 because we may well stop there which makes the spike up to 2013 off the back of FOMC just an aberration and not significant in terms of opening up the range.

If we can get through 36.25 to the downside, we'll need some significant volume to make any headway to the downside. All previous attempts of late have failed to make any headway to the downside. So for me, any move down with average volume will most likely fail.

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


Last weeks low is just below us but again, I don't expect breaking it to be significant because it still has us in the area we've been in for the past month.

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


I think today, It's just really a matter if sentiment has really changed off the back of the FOMC, which is really unknowable but which WILL show itself in the volume. If not, I expect more of the same.


Weekly Numbers
Range 1935.25 -> 2011.75
Value 1950.25 -> 1989.25
S1 - 1910.25, R1 - 1986.50

Daily Numbers
Range -1941.25 -> 1967.50 / 1983
Value - 1949-> 1962
Globex - 1938.50 -> 1956

Settlement - 1950.50

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 4 users say Thank You to DionysusToast for this post:
     

Old September 22nd, 2015, 06:13 AM   #625 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

Futures Edge on FIO
22nd September

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


Back down to the 36.25 level, we made no headway upwards yesterday, not even to the 83 level. This level has broken before without much follow through, so I really have no downside target here.

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


We have just about broken last weeks low so far. So if we do start moving up from here, we could see decent participation up to 83.

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


We have had quite a drop overnight. which is odd as I can't see any news that would have sparked a sell off other that UK deficit news.

I'm not comfortable going long at these price levels, there's really no decent levels below us to lean on. So my plan for today is to either play off any high volume levels that develop from here into the open (which is unlikely looking at the charts) or to let the first 15 minutes pass and make a judgement based on the volume and the intraday profile.

Short of yesterdays low of value low is interesting.

Weekly Numbers
Range 1935.25 -> 2011.75
Value 1950.25 -> 1989.25
S1 - 1910.25, R1 - 1986.50

Daily Numbers
Range -1938.50 / 1944.25 (day) -> 1969
Value - 1950.75-> 1962.25
Globex - 1933.75 -> 1965

Settlement - 1963

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 5 users say Thank You to DionysusToast for this post:
     

Old September 23rd, 2015, 06:56 AM   #626 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

23rd September

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


Very messy to the left, so very hard to decide if we are now done to the downside or not based on this.

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


Looking back over the past 4 weeks. We have the 2 week low, so that does make a case for 06.50 being a potential low and for a reversal from there to bring in buyers. In fact, some traders might be looking at the bounce from overnight and seeing that as a failure to breach the two week low. So I think that we need to keep an eye on the volume off the open.

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


We've had a bounce overnight. And we have above average volume so far. So again, we have a case for this being a rejection.

So into today, I'm going on looking for confirmation that we have had a rejection and are now on the way up to 1983. So a move through yesterdays day session high and a fall back to test it would be ideal.

If we do move down, I'll need to find an area of high volume on the way down to lean on.

Weekly Numbers
Range 1910.25 -> 1969
Value 1929 -> 1965
S1 - 1910.25, R1 - 1986.50

Daily Numbers
Range -1917.75 / 1936.75 (day) -> 1965
Value - 1920 -> 1930
Globex - 1910.50 -> 1939

Settlement - 1932

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 5 users say Thank You to DionysusToast for this post:
     

Old September 24th, 2015, 04:21 AM   #627 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

24th September

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


Still very little overall direction and it's still tough to determine where the high/low of the range is. So right now, there really isn't much of a "bigger picture" to help us intraday. We just need to be patient as this will pass. I do have an eye on the low of 2 weeks ago at 1906.50 and the low of 3 weeks ago at 1889.50.

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


Looking at the profiles we can see that the day session range for the past 2 days is about the same. It is possible that we stay in this area today and possibly tomorrow. The good thing about this is the longer we stay in this range, the more positions build and the more energy we gather for the eventual breakout.

So today could be a fade day, where we just rotate around this range. If so, take solace in the fact it helps us breakout later. If we do breakout today, I think the overall range will most likely stay intact and will then look at what happens at 06.50 and 89.50 if we move downside. To the upside, that means a target of 83.

For me of late, it's mostly just small trades off the intraday action with no strong bias.

Weekly Numbers
Range 1910.50 -> 1969
Value 1918.75 -> 1949.75
S1 - 1910.25, R1 - 1986.50

Daily Numbers
Range -1910.50 / 1920.75 (day) -> 1938.75 (day) / 1941.75
Value - 1923.75 -> 1932.25
Globex - 1917 -> 1934.75

Settlement - 1928.50
Today Only 1889.50, 1906.50

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 3 users say Thank You to DionysusToast for this post:
     

Old September 28th, 2015, 06:20 AM   #628 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

28th September

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


It looks like we are set to end September in this horrible range. We are at the bottom of the range now but we were the past 2 trading days too and we couldn't make any headway upside. Below is we have the September low at 1889.50. It is possible that a test of this level will shake us out of this zone one way or the other.

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


Here are the weekly profiles. Nothing there that really gives us any directional bias.

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


And even uglier are the split profiles. Again, nothing here to indicate anything but a neutral bias.

Barring a test of 89.50 or some news driven volume. I'm just looking to take some early trades before we start to chop. We have had some decent moves in the middle of this, so I think you just have to be flexible right now. I'm fine treading-water in these conditions and just trying for small trades. I have had the occasional runner but I think that's been more luck than judgement.

Weekly Numbers
Range 1897.25-> 1969
Value 1917.25 -> 1949.25
S1 - 1888, R1 - 1959.75

Daily Numbers
Range -1910.25 -> 1942.50 (day) / 1951
Value - 1923.750 -> 1942.50
Globex - 1905.25 -> 1929.75

Settlement - 1919.24
Today Only 1889.50

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 4 users say Thank You to DionysusToast for this post:
     

Old September 29th, 2015, 06:36 AM   #629 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary

29th September

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


Yesterday we broke down through the monthly low and overnight we've even made some more progress downside. Today looking to see if we can continue down or if we revert to range. I'm on the lookout for a retrace back to the 89.50 area, as I feel a reversal down from that area would bring in a lot of sellers.

To the right we have 1821.75 as the lowest point we can see on the chart. So an eye on that for at least a bounce.

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


I also have an eye on 97.25 if we make it up that far.

Today is all about whether we can continue downside or whether we get sucked back into the range we were in most of September. I'm a bit wary today of trading in the first 15 minutes. I'd prefer to let the market show it's hand on a day with potential like this as it could be volatile from the open.

Weekly Numbers
Range 1897.25-> 1969
Value 1917.25 -> 1949.25
S1 - 1888, R1 - 1959.75

Daily Numbers
Range -1868.75 -> 1911.75 (day) / 1929.75
Value - 1870 -> 1894.50
Globex - 1861 -> 1886

Settlement - 1872
Today Only 1889.50, 1897.25

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 5 users say Thank You to DionysusToast for this post:
     

Old September 30th, 2015, 06:19 AM   #630 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,357 since Nov 2010
Thanks: 722 given, 7,046 received
Forum Reputation: Legendary


30th September

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


Today I'm watching for the same as yesterday - how we react to the breakdown point. It held yesterday but overnight we have broken through the 89.50 level. It's still 4.5 hours to the open. We have the non farm employment numbers at 8:15, which could lend us a hand.

As we head into the open, I'll be watching to see if we get rejection of this overnight move back up.

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


So it's either back into the range to the upside or for downside to test 21.75. For upside trades, a reversal off yesterdays high or value high would be interesting. I don't expect "to the tick" reversals but from the approximate area.

For the downside, I still have 97.25 as a potential reversal point. I have no bias going into today but obviously people will be looking at yesterday and thinking "reversal" and so we should have plenty of interest whether that continues or fails.

With the volatility as it is, it's almost as if doing higher level analysis is moot as the swings, even on a relatively choppy day like yesterday, have been pretty big and fairly easy to exploit.

Weekly Numbers

Range 1861-> 1929.75
Value 1865.25 -> 1896
S1 - 1888, R1 - 1959.75

Daily Numbers
Range -1861 / 1861.50 (day) -> 1911.75 (day) /1889.75
Value - 1868.50 -> 1880.50
Globex - 1871.25 -> 1897.50

Settlement - 1874.50
Today Only 1889.50, 1897.25

Long Term 2117, 2092.50, 2046.75, 2013, 1983, 1936.25, 1850, 1781.50

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 6 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)
 

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

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

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

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 08:14 AM.

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 2016-12-04 in 0.19 seconds with 20 queries on phoenix via your IP 54.158.84.38