Trading the E-mini

wackypete2 said:
(y)
Click to expand...

Funny how JPY pairs immediately turned into rangy, spiky pieces of sh*t as soon as I said this.

Not the best of weeks - Golden Week aside, this has been an unfortunate week of numerous news releases without any real bias. Unless the rate cut gains traction today then I should think it will last until mid next week. Looking to d/d until then.
 
2 May 13

Up to the top of the range again. We have a base forming about the 1570 area, below that I’m looking at 1530. Fresh air to the upside, so the big picture is to see if we revert back to 1530 to continue ranging or take another step up to establish a new range higher up.

Weekly Levels
This weeks range – 1573.75 -> 1593.25(pit)/1595.50 (globex)
This weeks value – 1580.75 ->1592.50
Weekly R1 – 1595.50

Daily Levels
Yesterdays Range 1576 –> 1595.50
Yesterdays Value 1581.25 -> 1587.75
Overnight Range 1577.25 -> 1588.75
Yesterdays Close 1577.25

Overnight range within yesterdays range but mostly at the bottom of it.

Sky seems to be falling in with the ECB cut. Levels may well be useless today.
 
So, the euro pantomime continues.

When will they call a halt on that whole sorry experiment....counting down the days......
 
counter_violent said:
So, the euro pantomime continues.

When will they call a halt on that whole sorry experiment....counting down the days......
Click to expand...

At least the UJ and EJ have fallen out of that boring rangy correlation now.

That 128 support line on the EJ is an absolute monster.
 
First one a loser today - not much to say but NOT TO PLAN. Hate it when I have to write the word "PUNT" in my journal,

Had an interesting one later on. We hit yesterdays value area low and then moved up & ranged around 83.75. We built a lot of volume there, stocks were bullish, we were off the value area low and I figured we'd more than likely hit the value area high and maybe turn back.

Didn't take that one but as it moved up again and came off the VAH, we built a lot of volume around 1587.25 moving the POC from 83.75 -> 87.25. I put my order in as soon as we got more volume in that middle box area.

At that point, I figure "price acceptance higher up" means continuation up was more likely so I brought the low end of the range (could have got in a tick lower).

I was pretty happy with that one.



You can see the value area, and how we built the profile up there after building it lower down. At the time I took this, I thought we might build the profile in the highest boxed area.

In at 87. Out at 88,89, 90.75, 92

Target 3 was 91 but kept hitting it and not filling me so pulled it down. Didn't want to be a dick for a tick.
 
Testy markets right now - they do nothing, lull you asleep and then do something as you drop off.

This is honing my attention span right now.
 
I was slightly surprised at going nearly 3pts onside from the open and me getting in for it to travel back down below my entry before taking off. Normally you get the fight off the open and then it tips it's hand fairly quickly - today was scrappy.

This week has been good for me though - first good week I've had for 3 weeks I think...
 
Liquid validity said:
Lulz, trans tax and now the prospect of neg deposit rate :LOL:
They don't have a clue.
Click to expand...

Thats socialism for ya.
Drag everyone down to their level and subject you to their ignorance!

-----------------------------------------------

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
Winston Churchill
 
Flicking through FESX charts this morning, noted a nice turn off 2692 southbound which would have been nice $$$$
 
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