FuturesTrader's Journal - Trading ES with Market Profile - Trading Journals | futures io social day trading
futures io futures trading


FuturesTrader's Journal - Trading ES with Market Profile
Updated: Views / Replies:6,552 / 119
Created: by futurestrader Attachments:96

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 96  
 
Thread Tools Search this Thread
 

FuturesTrader's Journal - Trading ES with Market Profile

  #1 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

FuturesTrader's Journal - Trading ES with Market Profile

Big Mike's July Journal contest has motivated me to start a journal again. I have learned a lot from Jim Dalton and Julia over last year+ and I am looking forward to apply the teachings to my live trading.

Everyday Jim writes S&P Morning Report and S&P Recap and Preparation Report and I will attempt to the the same here in this journal.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

Premarket 07-01-2015


Overnight Inventory is 100% long after reaction to Greece news. Expected behavior is correction of overnight inventory.
As of 8:21 am ES will Gap up above yesterday's high. Gap rules are in play
- Go with any gap that is not filled quickly
- If Gap is filled but value is unchanged there is possibility for late rally
- Strongest negative response will be outside day to the downside

ONH = 2077.50
ONL = 2054.25
YDAY HI = 2067.50
SETTLE = 2054.50

Reply With Quote
The following user says Thank You to futurestrader for this post:
 
  #4 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

First attempt is to fill the gap, buying came in few ticks above yday high.

Who is in the market - Trading money only - If there was any serious money selling in the market, we wouldn't have any trouble filling the gap

Reply With Quote
The following user says Thank You to futurestrader for this post:
 
  #5 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

Trades - 07012015

I took 1 trade today. Below is the reasoning behind this trade.

Market left several clues that only trading money was involved. Every dip was bought. When yday high was bought once again I waited for the buying to dry up and sold it at 2069.00. I mismanaged the 1st lot and closed it at breakeven.

Trade was closed at 2064.00 when C period flushed down. Trading money dominated the market so I expected liquidation only.

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


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


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

Reply With Quote
 
  #6 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

Recap and preparation for 07-02-2015

Recap:
ES gapped up today, gap rules were in play. early on failure to fill the gap presented a quick trading opportunity but I was not sharp enough. Trading money dominated the market and every dip was bought in the first 3 periods.

Later on every bounce was sold - (E sold off at D high, I period high was close to yday high, L high was 1t below yday high). Several anomalies were left behind.

Value was higher and it was my guide to stay away from shorting in later periods.
Gap rules mentioned in premart prep came into play and late rally triggered which cleaned up the anomalies.

Outlook for tomorrow -
Tomorrow is NFP and Friday is holiday. I expect the markets to be thin and volatile.

We have Gap on Weekly and Daily bar charts. Even thought there is no Excess on the high's this Gap is an form of excess. My longer term bias is to the downside as long as the gap is not filled.

Both yesterday and today have left behind prominent POC's. These can come into play tomorrow.

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

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

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

Reply With Quote
 
  #7 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

PreMarket 07-02-2015

http://www.evernote.com/l/Agc8B8PuhfNE-ZtbnHhyje4kEN4zpTL5mfk/

Reply With Quote
 
  #8 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

Recap and preparation for 07-07-2015

There were no trades, I returned to my desk in the evening.

Monthly - We are in a 5 month balance. Month;y high is 2126.25, Monthly low is 2023.00. There is NO excess at the highs.We are one timeframing lower on Monthly basis - this is a big negative

Weekly - We are in a large several week balance. We are one timeframing lower for 3 weeks. There is no excess at the high's. Normally the upside auction to be considered incomplete due to lack of excess, but there is a Gap on Weekly chart. Gap is a form of excess, hence upside auction can be considered to be complete till there is acceptance above the gap. .
On the down side there is no excess at 2046 area, acceptance below this targets 5 month low.

Daily:
As of today we has a 5 day balance below the gap which indicates acceptance of lower prices.

Profile:
ES gapped down today and lower prices were rejected quickly. It entered prior 2 day balance in B period and short covering rally continued till C period.
Selling in C period started Exactly from M period high which is a rally high - this is a sogn of weak/mechanical sellers - I expect this level to be taken out in next few days
After forming 7 wide POC near yesterday's low market sold off in H period however the wide POC pulled the price back up in N period. Settle was inside yesterdays range - after all the emotional Greece news, nothing has changed

Expectation for tomorrow:

We have a good high on daily profile, and a good low - market is in balance. I am neutral coming into tomorrow.
Opening above today's range targets the gap.
Opening below today's range targets the weak low at 2046.
Opening inside today's range indicates further balance.


Filling the gap turns my bias to the upside.
Charts can be see at:
http://www.evernote.com/l/Agee-os6Az1D6qMPiSw-R_GU82EHyl5vNdM/

Reply With Quote
The following 2 users say Thank You to futurestrader for this post:
 
  #9 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

Premarket 07-07-2015

ON Inventory is long but ES is trading at the lower end of Overnight range and it has been selling off since last 8 periods. In my opinion the long inventory is negated/adjusted.

Overnight high was at 2078 - few ticks above thurday's high . Traders needed a mechanical reference before selling = sign of weak sellers


Value -
Yesterday value was overlapping to lower. As of 8:24 am ES will open at the upper end of value and will need to selloff quickly to create lower value. Odds are we have higher or overlapping value.

My bias is to the long side.

Images are at: http://www.evernote.com/l/AgetzQc2EdRKtq3DeJlmrCXQryGz2rcLt0I/

Reply With Quote
 
  #10 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: MarketDelta
Favorite Futures: ES
 
Posts: 208 since Oct 2010
Thanks: 73 given, 175 received

Recap and Preparation for 07-08-2015


Coming into today the market was off five day balance. Today the market tested the low of the balance and was quickly rejected and is now setting up for a test of the upper extreme. There was a lot of emotional trading and the market was dominated by Greece news. The upper gap between 2083.25 and 2086.25 comes back into focus. Acceptance above this targets all time highs. Entering the gap also Stops the One Timeframing on Weekly Basis.

Recap:
Today was a very clean tradable day, I took some trades but I failed to monitor for continuation. My market read is better but learning to monitor for continuation is a skill I have to develop quickly.

Overnight inventory was long although I felt overnight inventory was neutral and I had a upside bias. Market opened slightly below yesterday settle looked up two ticks,sold off, tested the POC, bounced to one tick below open and then sold off again. Selling off from so close to settle and open were the first things that caught my attention. The selloff in the first period was particularly strong. My thinking was that since market was opening at the top end of value a lot needed to be done before value would be overlapping to lower. The 12th handle selloff in A showed that sellers were strong in my focus shifted to the downside. At start of B I realized that value can develop lower.

B sold off below yesterday's low and came back inside the range. B low was 46.25which match the balance low, this was a poor low and I was looking to sell the rally. I sold 50.50 although the better entry was nearly A period low 52.

This is where I failed to monitor for continuation. I could sense the selling was strong but B came back inside yesterday's range twice by a few ticks. I should have noted this and carried the information forward instead I closed the trade. Traders do what works until it doesn't. The play today was to sell on rallies.
Anyway I carried the information forward that the selloff in B was close to yesterday low.
C high was 2046 which matched the poor low another information to carry forward about the peak selling it references.
D sold off again exactly at the double distribution level – another piece of information to carry forward.
Profile became three wide in E period. A lot of accumulated evidence was pointing towards the mechanical selling. I was now alert to look for a buying opportunity. In E I noticed a smack up in price, which was followed by further selling. It took a long at 36.50, the market rallied and once again I did not monitor for continuation instead I just closed the trade with four points. I under estimated how short the market had become. EFGHI one timeframe higher. Inventory was balanced in J period.

I took a long again in E when market reentered yesterday's range, this was a classic JD trade. But there I realized that the market could turn rotational.that trade triggered in G. But I was not at my desk.

I attempted a long in K period when it came back inside the overnight range but I did not get a fill.

We have an outside day this is a strong indication that the selling could be over.

Outlook for tomorrow: 7/6 high is now support I will be looking for a test of the Gap zone tomorrow. we have a Spike in K base of Spike is support change occurs below the base of Spike.

Screenshots at http://www.evernote.com/l/AgeHJR5ya_FDS6YV8gJTam__qFnK-QL-AG8/

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

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

Reply With Quote
The following 3 users say Thank You to futurestrader for this post:

Reply



futures io > > > FuturesTrader's Journal - Trading ES with Market Profile

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Engel's Journal of Crude Oil with Market Profile engel532 Elite Trading Journals 1 January 19th, 2015 12:41 AM
My ES trading journal - Profile and Auction Logic futurestrader Elite Trading Journals 101 November 14th, 2014 10:28 AM
TF journal (Market Profile trading style) scaffrey1 Elite Trading Journals 16 July 21st, 2014 11:19 PM
ES vs S&P Cash with Market Profile josh Traders Hideout 14 June 22nd, 2013 02:32 PM
ES/YM Market Profile Analysis David_R Emini Index Futures Trading 37 August 24th, 2010 05:50 PM


All times are GMT -4. The time now is 11:10 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@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 2017-12-16 in 0.15 seconds with 20 queries on phoenix via your IP 54.226.34.209