ES Journal Archive (2011)

Discussion in 'Journals' started by Buy1Sell2, Jan 3, 2011.

Thread Status:
Not open for further replies.
  1. I use the 4:00 close for my gap calculations and that one got filled :)
     
    #11101     Aug 31, 2011
  2. marceck

    marceck

    Not really, that one is at 2230.50, low is so far is 2237.75. In any case, I always use the future's pit session close which is 4:15.
     
    #11102     Aug 31, 2011
  3. Please tell me how you get that? I normally get my gap levels from the 5-minute chart using the 4:00 close. NQ gap fill would then be completed @ 2241,75. Using the 1-minute chart, I get 2238,50.

    Thanks.
     
    #11103     Aug 31, 2011
  4. marceck

    marceck

    I stand corrected, I was looking at the next 1 mn bar. However, the 4:00 1 mn closing bar is 2236, not 2238. If you are using TOS, it shows the open bar. One reason I do not use that platform.
    I have always worked with the pit session close (4:15), but in this case the cash close does line up with the 200 ema, so you could vey well be right. We will see, but I would not be surprised to see a drop to 2227 and ES 1204.75 (its pit session close) before the day is over if AAPL stays this weak. The bullish story is that internals are still very positive, so I am not short here, except for scalps. Maybe we get a retest of 2237, then I will look at divergences. I'm a buyer back above 2259.50.
     
    #11104     Aug 31, 2011
  5. schizo

    schizo

    Short 1223.25

    Stop 1232
    Target..unless stopped out, tomorrow's close.
     
    #11105     Aug 31, 2011
  6. PO

    PO

    what do you mean by this? thanks.
     
    #11106     Aug 31, 2011
  7. marceck

    marceck

    On TOS, if you put your cursor over the bar, the time it gives on the lower panel is the closing time for the previous bar. I find that confusing when I need to take a quick look. Example, I put my mouse on the 4:00 pm 1 mn bar for TOS, I get a close of 2234. The actual close at 4:00pm is 2236 (on my NT platform), which in reality is the closing quote on the 3:59 bar (furthermore TOS says 2235.50, which is also incorrect, so another reason to avoid).
     
    #11107     Aug 31, 2011
  8. marceck

    marceck

    Here comes the second drop to retest NQ 2237/2240. Look for divergences to determine direction from there.
     
    #11108     Aug 31, 2011
  9. PO

    PO

    I see what you mean, I look at it differently - as it shows the open time for the bar, not the close time for the bar.
     
    #11109     Aug 31, 2011
  10. marceck

    marceck

    I just might get my pit session gap after all (NQ 2227). Let's see how we do at 2234.
     
    #11110     Aug 31, 2011
Thread Status:
Not open for further replies.