MY TRADES FOR THE DAY: Symbol Side Qty Res Price Status ExchTime ES/MAR08 B 2 0 1473.25 Normal 09:35:03.000 ES/MAR08 B 1 0 1474.00 Normal 09:41:31.000 ES/MAR08 S 1 0 1473.50 Normal 09:42:08.000 ES/MAR08 S 1 0 1474.25 Normal 09:44:28.000 ES/MAR08 S 1 0 1473.00 Normal 09:54:53.000 ES/MAR08 S 1 0 1459.00 Normal 12:29:02.000 ES/MAR08 B 1 0 1458.75 Normal 12:29:44.000 ES/MAR08 B 1 0 1462.75 Normal 13:06:47.000 ES/MAR08 S 1 0 1466.25 Normal 13:13:21.000 Trade 1: Buy 2 @ 1473.25 Reason: Pt 3 on a right trend line and increasing black volume Buy 1 @ 1474.00 Reason: User error Sell 1 @ 1473.50 Reason: Price broke our right trend line Sell 1 @ 1474.25 Reason: " " Sell 1 @ 1473.00 Reason: " " Trade 2: Sell 1 @ 1459.00 Reason: On right trend line in down channel on the MA Buy 1 @ 1458.75 Reason: Volume dry up following an FTT Trade 3: Buy 1 @ 1462.75 Reason: BO of down channel on increasing black volume Buy 1 @ 1466.25 Reason: Taking profit on decreasing black volume Result: +4.00 points
My first trade of the day... Entered Long @ 10:04:07, 1470.75 Covered @ 10:08:09, 1473.00 +2.25 I waited for the B2R to complete on bar 7 (10:00), intrabar. FBO'd my steep tape. The intrabar shift had me anticipating another B2R and I ending up entering mid-channel. Increasing black came in and I held until price started to retrace a bit. I glanced at the DOM, thought I saw a wall on the ask, and covered. I guess the entry was a bit late but it did take some patience on my part to wait for the R part of the first B2R. In hindsight, I see my exit was very close to the YM LTL. I don't recall sweeping this at the time. Note: my chart snippets were re-created from replay. spooz
M: YM heading higher on lower volume, next bar YM is red, with Increasing Red PRV. A: Looks like YM is starting to turn D: Possible FTT A: Short Once in the trade, M: ES volume is very low compared to prev bar (possible flaw). M: YM in a formation and at RTL M: YM PRV looks low D: Flaw on the ES A: Reverse long back into dominant trend. Result +0.75 The snips inside the yellow boxes is the ES and YM at entry.
M: YM heading down. ES heading down A: Price still in down trend D: Previous reverse was too early A: Go flat Net result -1. EDIT: Have to go to daughter's school concert. Will continue when I get back.
Entry M: YM stalls going down on lower volume and turns and breaks pink down channel M: ES breaks blue down channel A: BO of down channel D: Resumption of up trend A: Enter long Exit: M: YM PRV is high but price is stalling. Price then turns down A: YM is heading down D: FTT A: Reverse to go short Net result +2 points
Entry was reverse of trade 3 above. Exit M: YM walks out of down channel M: Formation FBO on YM. (Exit formation on lower red volume and strong black volume) M: Huge Black volume bar on YM M: ES @ 20 SMA, and volume overall is in a decreasing trend A: YM done with it down move D: Resumption of uptrend A: Reverse Long Net: 2.75 Notes: - Disappointed to exit here as I missed the best move of the day. - ES is a carbon copy of a recent discussion about point. I annotated it (grey channel). On seeing the black bar, I was convinced we had a FTT .
Entered short on the increasing red prv on the YM and ES. - The next YM bar was flawish volume. - The next ES bar volume was flawish (30K vs 10K) - We had a pennant formation on the ES and when it started to exit the formation I exited my position. Looking back at the YM, it was heading higher on lower black bars (but it was not something I noted then as I was watching the ES price bar). Was up 2 points at one point. Net -1.75