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FuturesTrader's Journal - Trading ES with Market Profile


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FuturesTrader's Journal - Trading ES with Market Profile

  #61 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


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  #62 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

ES has breached yesterday low. I don't want this reentering yesterday's range multiple times. Stop is now few ticks above ONL.

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  #63 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


Hit exit at MKT and closed the trade at 14.25. This could go into gap zone but I feel this was too quick move down.

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  #64 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

Carry forward few things - it had to test Settle before sellers showed up. Profile became 3 wide. These things point to liquidation by day timeframe sellers who were not getting paid.

Strong sellers would not need to wait for Settle to be tested.

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  #65 (permalink)
 NewKid 
Boulder, CO
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 29 since Oct 2014
Thanks Given: 35
Thanks Received: 33

good read of the market and good execution on the trade. I know I have trouble pulling the trigger at times so good to see you be able to pull it


futurestrader View Post
Short from 19.75. So far it has bounced from 1t above ONL indicating more mechanical buying.
Next move below ONL might trigger additional liquidation.


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  #66 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


NewKid View Post
good read of the market and good execution on the trade. I know I have trouble pulling the trigger at times so good to see you be able to pull it

Thanks NewKid. Do you trade profile or follow Dalton?

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  #67 (permalink)
 NewKid 
Boulder, CO
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 29 since Oct 2014
Thanks Given: 35
Thanks Received: 33

I do. I took Dalton's intensive in January of this year and loved it. It is a simpler way of looking at the market and IMO a more practical way as well. My trading style (or at least the one I aim for) is very similar to yours and that's the reason why I follow your postings. You are doing a great job with the explanations and the readings. Dalton would be proud!


futurestrader View Post
Thanks NewKid. Do you trade profile or follow Dalton?


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  #68 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

E period is an inside bar. Next possible trades to the downside are:
- F 1t E high and continues one timeframing down
- breach of E period inside bar

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  #69 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

F looked 1t below E, did not find sellers. I won't short 1t test of E/F

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  #70 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


Short 11.50 since we have 2 poor lows (7/16 and today)

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