DTs Pre Market Prep (Page 68) - 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:131,368 / 914
Last Reply:Yesterday (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 December 22nd, 2015, 05:41 AM   #671 (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

22nd December

Time to take a break from trading.

See you all in the New Year.

Merry Christmas to those that celebrate it and for those that don't (such as in the Buddhist country I live in) - can you please switch off the Christmas music in the shopping malls before April this year....

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 January 11th, 2016, 05:11 AM   #672 (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

11th January

Back to it. I usually leave out the first working week in January as it's so slow. Not that it was, I did look at the markets last week intermittently and there was a lot of volume there.

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


The market has taken a dive but nothing we didn't see in August, where we got to 1814. My next downside target is 1843. I'm still watching the 1929.50 area - right now we are testing it from beneath, so if that holds, another good push down is likely. The market is quite volatile with VIX up at 27, which is relatively high, so don't expect anything to hold to the tick and do expect a relatively illiquid market.

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


The weekly profile shows us a double-distribution last week with 1970 the LVN between them - so I'll be watching that area for rejection.

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, the 1929.50 area held but that broke on Friday day session. Hence the reason to look for a test there.

Overall market is moving down, so I'll be looking today for signs of downside volume to jump on board, with care to not let the volatility take me out. I'll be suspicious of any upside moves unless we see volume above 1929.50.

Weekly Numbers
Range 1910 -> 2043.50
Value - 1951.50 -> 2043.50
S1 - 1866.5-, R1 - 2000

Daily Numbers
Range 1910 -> 1953.25 / 1974.75
Value 1926.25 -> 1944.25
Globex 1893.50 -> 1928.50

Today only 1970

Settlement - 1911.50

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 7 users say Thank You to DionysusToast for this post:
     

Old January 12th, 2016, 06:21 AM   #673 (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


12th January

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


Yesterday we had


Quoting 
I'm still watching the 1929.50 area - right now we are testing it from beneath, so if that holds, another good push down is likely.

And we can see that whilst we didn't get that much of a push down, the 29 area still seems to be holding. So I'm looking for shorts below and longs above.

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


We can see that the lower distribution from last week tapers off around 1930 too. So if we do get into that area, I expect to get to 1960. We have that LVN at 1970, which is an area to keep an eye on.

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


We can see the significance of the 1929 area here. I think we have to be on the lookout of the market staying in Mondays range for a few days. Other than that, I'm short biased below 29 and long biased above. If we go to Mondays lows, I'll be looking for signs that we are holding with the prospect of a trip back to the low 1920s.

Weekly Numbers

Range 1910 -> 2043.50
Value - 1951.50 -> 2043.50
S1 - 1866.5-, R1 - 2000

Daily Numbers
Range 1892.50 -> 1929
Value 1903-> 1920
Globex 1899 -> 1924.50

Today only 1970

Settlement - 1914.25

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 8 users say Thank You to DionysusToast for this post:
     

Old January 13th, 2016, 06:57 AM   #674 (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

13th January

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


Back above 1929, so I'm going into today with a long bias.

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


Looking at 1970 (the LVN between the 2 distributions from last week) as a target. At that point, I'll be waiting to see how that area plays out before engaging again.

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


We do seem to be stuck in a range in the overnight session. We can see a pop up and then a large distribution from 36-45. If that breaks to the downside, we will see stops hit. If that happens, it may be the end of the long trade.

Still - that area gives us a nice line in the sand, so whilst I am overall long biased above 29. If the 36-45 area looks like breaking, I'll try to join that move.

Weekly Numbers
Range 1892.50 -> 1946.50
Value - 1902 -> 1928.50
S1 - 1866.5-, R1 - 2000

Daily Numbers
Range 1899 / 1905.75 -> 1940.25
Value 1912 -> 1929
Globex 1922 -> 1924.50

Today only 1970

Settlement - 1925

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 6 users say Thank You to DionysusToast for this post:
     

Old January 14th, 2016, 05:16 AM   #675 (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

Are you a NinjaTrader user?

 
14th January

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


A big down day yesterday, so as always - look out for a snap back up early on. Below us the next level we have our eye on is 1843, but it's worth keeping an eye on 1853.25 which is the August low.

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


We are below last weeks range and the lower distribution, if we do move up eyes are still in the 1929 level as potential resistance.

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


A little closer to home is the 1892.50-1896.25 area, that's from Mondays low to the single print on the way down yesterday.

Most of yesterday afternoon and this AM, we have rotated above the lows made earlier on. I think we'll see good participation if we break those lows. I'll be looking to jump on board that. For upside, if there is a snap back up, I think it's worth scaling into a long and not going in full size because this market does seem weak, it is very volatile and it'll be easy to get caught offside in a long trade.

Weekly Numbers
Range 1874.50 -> 1946.50
Value - 1899.50 -> 1937
S1 - 1866.5-, R1 - 2000

Daily Numbers
Range 1878 -> 1943.25 / 1946.50
Value 1879.50 -> 1925
Globex 1974.50 -> 1897.75

Today only 1970, 1853.25, 1892.50-1896.25

Settlement - 1881.50

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 7 users say Thank You to DionysusToast for this post:
     

Old January 15th, 2016, 05:24 AM   #676 (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

15th January

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


This is a very indecisive market, a lot of overlap this week. It's still a big range, so there's still opportunity but it's not very appealing to trade in the middle of the range

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


Above us we have the weekly value high and the weekly high which is just below a lesser volume area at 45, so a failure at either gives us a good chance of follow through. I'd personally wait for the failure to be confirmed with volume coming in before entering as we have plenty of potential. It's volatile, so it's high risk to guess a top.

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


We can see how messy the week has been, we are in an overall down trend and last time we did this we got down to 53. I see no reason to be biased either way going into today and I don't have any strong conviction in any level.

So into today, the weeks extremes look the best places to get a reaction. Lesser candidates are yesterdays high/low/value area. Other than that, it's a matter of trying to get on the right side of any momentum that develops, with not too much worry (in my opinion) of where it's ultimately heading or why. We have indecision - but we have a good range, so I'm on "don't think too much" mode.

Weekly Numbers
Range 1871 -> 1944
Value - 1895.50 -> 1930
S1 - 1866.5-, R1 - 2000

Daily Numbers
Range 1871 -> 1927.50
Value 1874.75 -> 1923.75
Globex 1883 -> 1921

Today only 1945

Settlement - 1914.50

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 6 users say Thank You to DionysusToast for this post:
     

Old January 18th, 2016, 07:48 AM   #677 (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 January

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


We've made it as far down as the September lows, so there's good reason to expect upside follow through this AM. I'm still watching 29 above but based just on the fact we have tested 53, I'm prepared to jump on any upside momentum.

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


We have a fairly well distributed profile from last week, so I will be paying attention to the Value Low from there as a hurdle on the way up.

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


I'll also be looking at 1890 an 1895.50 - we can see we took a while to break through 95.50 on Friday and as such, I also think it is a potential resistance today.

So going in to today - looking for a move up with 1890, 95.50 & last weeks VAL as potential stopping points. If any of those hold, I'll then be looking to see how high the volume is as we trade away (as we should at least expect a bounce at these areas) and if high, I'll be going short. Upside target is 29.

If we move down off the open, then I'm cautious at 53.25 and last weeks low. If we can get through 43, then I think we should be able to get to 14 fairly easily and if that breaks, I suspect we could see a real sell off.

Weekly Numbers
Range 1861.50 -> 1944
Value - 1891.50 -> 1931
S1 - 1866.5-, R1 - 1925.50

Daily Numbers
Range 1871 -> 1927.50
Value 1874.75 -> 1923.75
Globex 1883 -> 1921

Today only 1853.25

Settlement - 1875, 1890, 1895.50

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 4 users say Thank You to DionysusToast for this post:
     

Old January 19th, 2016, 05:58 AM   #678 (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

19th January

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've made it as far down as the September lows, so there's good reason to expect upside follow through this AM. I'm still watching 29 above but based just on the fact we have tested 53, I'm prepared to jump on any upside momentum.

And so far that September low (1853) has held and we have had some follow through - but not a real US session today as yesterday was MLK day. So today once more looking for that upside follow through. I still have an eye on 1929.



As we are now working through last weeks value area, I'll be watching the top of it (1931) to see if we run out of steam and reverse around there.

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


In terms of daily levels - I'm leaving Friday on as "yesterdays levels" and putting Sunday evening to now as one big Globex session. US hasn't really traded in any meaningful way, so I consider it all 'overnight'. I'll be watching Fridays numbers as well as the range put in since Sunday.

Weekly Numbers
Range 1861.50 -> 1944
Value - 1891.50 -> 1931
S1 - 1866.5-, R1 - 1925.50

Daily Numbers
Range 1871 -> 1927.50
Value 1874.75 -> 1923.75
Globex 1859.75 -> 1906.50

Today only 1853.25

Settlement - 1875

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread

Last edited by DionysusToast; January 19th, 2016 at 09:43 AM.
Reply With Quote
     
The following 5 users say Thank You to DionysusToast for this post:
     

Old January 20th, 2016, 05:37 AM   #679 (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

20th January

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


There goes another level. The September low of 1853 has broken overnight as has the August low of 1843. As we go into today, we need to see if we snap back up with the stock market opens. The next levels are 1813 and then 1773.75. We haven't seen a panic sell off yet but it can't be far away.

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


We are below last weeks profile, so keep an eye as we move back up as it may act as resistance.

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


As we can see, this is just overnight action breaking these levels. It remains to be seen if they can hold it down into the open, so the plan for today is simply to watch to see what happens in that respect and jump on any resulting momentum.

Weekly Numbers
Range 1829.25-> 1907.50
Value - 1864 -> 1893.50
S1 - 1866.5-, R1 - 1925.50

Daily Numbers
Range 1856.25 -> 1895.50 / 1907.50
Value 1871.25 -> 1891.25
Globex 1829.25 -> 1878.75

Today only 1853.25, 1861.50

Settlement - 1873

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
     
The following 5 users say Thank You to DionysusToast for this post:
     

Old January 21st, 2016, 07:11 AM   #680 (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 January

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


Levels dropping like flies! 1814 has gone but we bounced back up. The next level I have is 1773.75.

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


The market is in panic mode. I've never found any benefit in analyzing the market when it's like this. My prep is more for the 'normal state of affairs' - which this isn't.

This market is illiquid (higher stops) but it's running a long way. So my only plan is try to get on the side of momentum and for me that still means waiting for a pullback or some sort of backstop. Bottom line is if it's powering down and you get in, even a moderate pullback of 10-15 ticks will stop you out. Typically, it'll then go the way you wanted it to.

So I'd rather wait for it to come back 10-15 ticks to get in

So it's running - you certainly CAN just jump on board - but this isn't a grind up with no pullbacks - it's swinging wildly, so I think it's better to look to get a good price.

For me - the next part is to scale into a position. Purely that's down to volatility. I would not do that under normal conditions.

Other than that - I don't really care about the levels. This is not a normal market. So I don't expect a reaction in the normal places. People are panicking, traders are getting stopped out all over the place. The volatility effectively brings in more volatility.

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

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 10 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 09:54 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 2016-12-03 in 0.18 seconds with 20 queries on phoenix via your IP 54.166.48.3