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Paps pre open prep
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Paps pre open prep

  #11 (permalink)
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Was busy...hence did not trade yesterday.

12/19/2013 looking for possible buys at supports 1797/90/82 & 55.

Not really having a short bias...hence any possible shorts will be looked for scalps or when the opportunity arises.

paps

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  #12 (permalink)
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well though not a short bias....my trade location for a real long did not trigger. I was initially looking for buys @ 1797/90/82 & 55. But my best buy would have triggered round abouts 87-89s.

Anyways 45mins away from my EOD. Will not push it....presently got scalps 7+ ticks for long entrys.


Sunday / Monday will be another week/another day to look at stuff....if i dont get another entry today...as mrkt is bullish and price may not trigger to my liking.

Anyways these are just my observations....and for my education only.


cheers
paps

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  #13 (permalink)
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Zones ad Pivots I am watching. No Bias...will trade as She goes.

1786 is weekly VWAP
1791/1801 is @ ES.D & @ES VWAPs

Looking for shorter term 1800's to be support.

But Fridays can get crazy with even crazier opens on Sundays.


paps

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  #14 (permalink)
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Happy New Year !! 2014 will be great.

Well have been thinking how i wish to go about the prep for the New Year !!..... I will trade ES...but I might as well think about a little longer swings on my equities. There is good $s in swings in my thinking which i will pursue on the side.

Since it is the start of the year.....and just of the Highs... the current levels we are at...are big in my opinion...

A)i am still not a buyer for long term equities....1741 is a drastic level...if we reach that....i will buy for a potential sell at 1870s. Levels to watch if we head lower for me are 1817s/1804s/1791s/1780s. If i trade ES it will be scalps.....this is not my level to buy for 5-8points or more considering i trade just 2-3hrs a day...unless i see a reason . Reasons are very strict counter trends on extreme sells which typically happens when we have 40-60k commercials short.

B)Well....markets are tricky. If truly the punch bowl is taken out this year.....would they rather not sell into the highs. I guess they would....& hence we did see this correction. If this line of thinking is true....then prices can reach highs again. The earlier highs will then be taken out for 1870s & a potential of 1950-60s. This in my opinion is what i will watch for to sell on ES. And also to buy. Buy what at this high. Volatility....which should be cheap. Well markets are markets @ we can roll over from here itself. Well if so...my sell does not trigger.

C) Well if the 1810-16s hold...price can move higher from here. Reason is the 1760-1810 saw some extra ordinary volume burst. So if prices move higher....i want to see the 1810s hold like a brick.
But there are many folks who are pointing at the markets being at a critical level. So the game will be to be nimble...& not marry any position or bias. Since am not really a student of MP....but i keep a watch for levels only which are more like pivots to me...I may or may not have a prep...as the bias changes as we go along the trade day. Also i see myself writing my preps way before EU opens and solid 6.30 hours before US opens. Reason:- I typically do not have time to write my prep before US open. So will decide how to structure my prep or any variations in the coming weeks/months.

Well enough of rants. Everyone can write....few keep their $s. I want to be a lil tough on myself. I am not sure how the prep will come along to be modified in the coming days. I will wait and watch markets for long term equity/volatility trades as well as ES.

Cheers n good luck. Keep the ball rolling. These are just observations for my education.

paps


Last edited by paps; January 7th, 2014 at 03:32 AM. Reason: wanted to note 1760-1810 levels!!
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  #15 (permalink)
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Futures Edge on FIO
Well the day played out like i thought it would...will try and post some charts later on what i thought. Anyways i did not trade ES and was late in the markets. Still shrugging of post holiday blues.

Anyways was in a bonus equity position....so not a bad start for the year.

Am in no real hurry to get into trades. Will check tomorrow/day after. There will be enough volatility in 2014 per my thinking..... so will ease into the game.

Will try and post some charts if possible.....into what i was looking at..... need to get a good package...at times the editor i use hogs memory.

Am still not into a sell bias....but may lean into one..as charts just coming up....& currently it is still almost 2 hours away from EU open....& 8.5 hrs away from US. .....will need to see formations of price development......but she looking like she could do the twist...
Need to check the opening prints into full liquidity.


cheers n goodluck

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  #16 (permalink)
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Still getting out of the year end. Well really did not trade...rather took a +3tick and ran as was late for trading & needed to split.

Was expecting a break as breadth on NQ had flatlined for a bit...ES would break for a few points was certain. But it was 45mins for FOMC & needed to run...so +3 "ticks not points" is what i settled for.

Anyways...still 2hrs away for EU & 8.5hrs away for US. I would really like price to be in & around the 32-35 range at open...will see.

Am looking at 2 scenarios for ES:- ofcourse sell or buy.

Sell Zone for me is 35-40s & buy zone is well below 06-17...rather large huh.....yupp but needs to be seen realtime.

Anyways....also looking for either of the 2 scenarios to kinda play for a short for me:- -300s open tick & AD @ 200 or 340tick & AD 300+ with price above yesterdays close of 1832s for a indication to sell. Well thats as specific i could be....& will look at stuff in the morning few mins to see what is going on.

I will also be looking at certain equities....one of them being FEYE. But that may be quick or a swing.

quite a bit on the calendar before & after the bell..so nimble will be good.

cheers & goodluck

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  #17 (permalink)
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Should be in trading next week. Seems still slow for me after the holidays & weekend coming in. Yesterday & today total of 10+ ticks. Been late.

Anyways the views have not changed from start of the year. The boat is loaded. Let the algo's have their fun...e shall see.

No serious views unless we starting cracking lows seen late last year.

cheers

paps

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  #18 (permalink)
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Well...it did crack those prices. Well am into a few swings on equities. Keeping an eye on ES....but have few things to take care off & attend to.....hence will be only into swings on equities for immediate future.

Bigger timeframe players have come in which is good.

thnx & goodluck

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  #19 (permalink)
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May trade equities into this year. Have few engagements which am busy in.

Either ways time may have come ....Either the Bulls Rock or The Bears Dance.

Time will tell.....Dont think will post that much since am into Swings rather than Quick buy n Sells for the year.

GoodLuck all

thnx
s

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  #20 (permalink)
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Well am currently out of almost all equity positions as of EOD RTH today bought few days earlier. Not sure if this was the right move...but hard to resist cashing in.

Anyways time is not permitting to trade ES for now.

I think we should see good volatility. Hoping to get into equities...actually Long positions & will wait n watch for now.
Even if i see a short opportunity...may not as no time to monitor.

My eyes are still on recent IPOs and their volatility or some rockstar stock or bluechip which gets banged out of shape so i can buy

thnx
s


Last edited by paps; February 12th, 2014 at 02:21 AM. Reason: changed wording
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