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Fat Pitch ES Journal


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Fat Pitch ES Journal

  #61 (permalink)
trader14
Denver, CO
 
Posts: 39 since Apr 2014
Thanks Given: 78
Thanks Received: 65

This chart (imvho) may shed light as to why ES is lacking demand. In a healthy marker Nas leads ES (watch the spread).

Nas is at the fib 127%. A CM's objective on many time frames.

Nice little apex as well.

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  #62 (permalink)
esintraday
London, UK
 
Posts: 7 since Mar 2017
Thanks Given: 19
Thanks Received: 7

(

Hi aquarian1,

First, sorry I have to post this message on here - I haven't posted 5 times so I can't PM yet!

1) The little boxes are drawn, time-wise, on the RTH Open (the light yellow background is the first 2.5 hours of RTH, the darker yellow is the rest of RTH)

Price-wise, they represent the pre-market High and Low.

I hacked an indicator to draw them automatically. It's an inelegant programming solution though, I have to manually enter the numbers into the source file, compile, then the indicator just draws them.

Theyre not that useful in themselves on this ETH chart, but I populate them on the RTH chart which gives me a visual guide to the ETH highs and lows (I think they are important). And I can make a quick correspondence between the two charts.


2) Under the main chart is another indicator I hacked that derives off the Bollinger Band, indicating breaks of the Upper (purple) and Lower (dark blue) bands. The visual guide saves a bit of mental effort.


If I haven't made sense there, I hope this image will :-)



Happy to chat about more about any of this. I did have a few more words relating to the rest of your msg but I'll save them for PM!


)

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  #63 (permalink)
trader14
Denver, CO
 
Posts: 39 since Apr 2014
Thanks Given: 78
Thanks Received: 65


I have a day job ... a trade I didn't take. OK

NASDAQ gave two low risk entry's Thursday.

On the chart below I've labeled the setups, entry and stop for both trades.

Simply reading price action.

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  #64 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

HOW 2488.50
LOW 2430.25
Week 428 -58.25
Week Dir -1

I wonder what next week will bring.

..........
peace, love and joy to you
.........
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  #65 (permalink)
esintraday
London, UK
 
Posts: 7 since Mar 2017
Thanks Given: 19
Thanks Received: 7

(

Hi aquarian -

I'm really sorry I have to post here again (ironically, this takes me to five posts and after this I can PM...)

I've lost your most recent message somehow - I read it on Friday with intention to reply today, but it's not in my list of PMs nor can I find it on a thread. If you resend it I shall PM back!

)

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  #66 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


esintraday View Post
(

Hi aquarian -

I'm really sorry I have to post here again (ironically, this takes me to five posts and after this I can PM...)

I've lost your most recent message somehow - I read it on Friday with intention to reply today, but it's not in my list of PMs nor can I find it on a thread. If you resend it I shall PM back!

)

{
you must be a programmer
with the brackets !
}

..........
peace, love and joy to you
.........
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  #67 (permalink)
esintraday
London, UK
 
Posts: 7 since Mar 2017
Thanks Given: 19
Thanks Received: 7


aquarian1 View Post
{
you must be a programmer
with the brackets !
}

Haha!, once upon a time, maybe :-)

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  #68 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

HOW 2474.00
LOW 2419.50
Week 429 -54.5
Week Dir -1


..........
peace, love and joy to you
.........
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  #69 (permalink)
trader14
Denver, CO
 
Posts: 39 since Apr 2014
Thanks Given: 78
Thanks Received: 65


trader14 View Post
This chart (imvho) may shed light as to why ES is lacking demand. In a healthy marker Nas leads ES (watch the spread).

Nas is at the fib 127%. A CM's objective on many time frames.

Nice little apex as well.



As mentioned in the post above, the Nas/ES spread lead the break on a 60 min timeframe.

The lack of demand after the objective was a red flag. The Aug. 8 upthrust was the COB and told us to look for short entry setups.

Is this a trend change or correction? twt

Best of trades to everyone!

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  #70 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


Wednesday HOW= 2454.75
Monday LOW = 2415.75

Week 430 39
Week Dir 1

..........
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.........
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