ES Journal - 2013

Discussion in 'Journals' started by Trvlwanderer, Jan 3, 2013.

  1. horton

    horton

    Here's the footprint showing the algo VWAP Test in all its glory...
     
    #6821     Sep 25, 2013
  2. s 92
    stop 96
    t 84
     
    #6822     Sep 25, 2013
  3. Does observing that positively influence your P&L or is it mere entertainment at this point? : )

    I also think MP concepts are interesting and I like the two-way auction market model of the market, but still, the bottom line is if this information in any way can make us profit and better predict price action.

    If not, then it's not very useful, is it?
     
    #6823     Sep 25, 2013
  4. horton

    horton

    NVPOC's and the IB H/L have a positive influence on my P/L. And I guess watching the algo does too as I am constantly reminded that most of the edge offered each day is before the Europe Equity Close. When I take a new position after 1030 CT I am always much smaller than whatever I did before 1030 CT.
     
    #6824     Sep 25, 2013
  5. horton

    horton

    FYI this is the driver of the breakdown. Retail sector completely fell out of bed on this.

    RANsquawk
    Walmart (WMT) cutting orders as unsold merchandise piles up in
    the US
    US Equities
    Reaction details:
    - In immediate reaction to this news co. shares fell 1.7% to hit a low at USD 73.56.
    - As one of the largest components in the DJIA, the index has also seen a low lower in reaction,
    losing 40 points.
    Source: Newswires
    Wed, 12:31 25-09-2013
     
    #6825     Sep 25, 2013
  6. reduce 86.75
     
    #6826     Sep 25, 2013
  7. horton

    horton

  8. Interesting.

    Could you elaborate on what you mean about how most of the edge is before the EQC?

    Do you plot the 1st 30 minutes H/L, i.e., opening range, as well? I learned that from Lawrence Chan and found it to be two levels that are interesting to be aware of. Often the IB = OR.
     
    #6828     Sep 25, 2013
  9. horton

    horton

    After Europe Equity Close at 1030 CT the market maker algos have much more control over the order flow.

    The order flow after the 0900 CT extreme can be very informative in terms of the ultimate direction of IB extension.
     
    #6829     Sep 25, 2013
  10. we are going for the gap today..now if only i could get a validation signal...
     
    #6830     Sep 25, 2013