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Plan the Trade

  • #10,321
  • Jan 22, 2019 1:22pm Jan 22, 2019 1:22pm
Quoting hilmy83
{quote} lol seriously. im super curious. can't even find answer at elitetrader? https://www.elitetrader.com/et/threa...g-halt.305370/ i think it's some ritual cme people do at this time..15 mins of devil worhsip to keep traders trading? any other theories?
Rule of thumb is to get the F*k away between 3-5 central. I was sure there is some London-fixing type ball-juggling shit taking place between the big boys (clearing house etc)
Staying in my lane...
  • #10,322
  • Jan 22, 2019 1:34pm Jan 22, 2019 1:34pm
Quoting VEEFX
{quote} Rule of thumb is to get the F*k away between 3-5 central. I was sure there is some London-fixing type ball-juggling shit taking place between the big boys (clearing house etc)
ok i'll hold till 3 cst.
  • #10,323
  • Jan 22, 2019 1:34pm Jan 22, 2019 1:34pm
Quoting hilmy83
Can someone explain to me why there is a trading halt around 3:15-330?. What really happenens at the exchange in 15 minutes? Why does it resume again at 330-355?
Current Futures Market Trading Hours

This most recent change has to do with maintenance requirements. In the past, the Stock Indexes would close each day at 16:15 ET and the CME Group would perform maintenance to the Globex Electronic order entry platform between the 16:15 ET close and 16:30 ET when the markets would open for the next day’s trading. Now that the Globex platform has many more markets trading on it more software is required, and more software equals more updates. So, in order to accommodate the additional maintenance time required for these updates, the CME Group modified the trading hours of certain Futures markets.

The maintenance period is 17:00 ET to 17:45 ET Monday through Thursday. From 17:45 ET to 18:00 ET is preopen for the Globex platform when orders can be placed for the next session.

  • #10,324
  • Jan 22, 2019 1:59pm Jan 22, 2019 1:59pm
At the request of some people and to help keep the focus on this journal where it needs to be I have started my own journal to show how I trade futures. This is designed for people who are interested in longer term day trading. Nothing wrong with what is going on in this journal, it's just not my style. If I post a bunch here it will just cause confusion for others.

Here is the link if you are interested in learning how to trade futures longer term: https://www.forexfactory.com/showthr...5#post11913805
  • #10,325
  • Jan 22, 2019 2:23pm Jan 22, 2019 2:23pm
QQ - what do "professionals" (not traders like us) consider as official "start of day" for futures on CME? Is it 5pm ET - 4pm ET or 9:30am-4pm ET like NYSE?
Staying in my lane...
  • #10,326
  • Jan 22, 2019 2:38pm Jan 22, 2019 2:38pm
Quoting VEEFX
QQ - what do "professionals" (not traders like us) consider as official "start of day" for futures on CME? Is it 5pm ET - 4pm ET or 9:30am-4pm ET like NYSE?
most probably 930
  • #10,327
  • Jan 22, 2019 3:02pm Jan 22, 2019 3:02pm
well i'm out

pissed off that shit just shot up last 5 minutes..

seriously..that was some huge profit taking if that's what it was...
  • #10,328
  • Jan 23, 2019 12:26am Jan 23, 2019 12:26am
Quoting VEEFX
QQ - what do "professionals" (not traders like us) consider as official "start of day" for futures on CME? Is it 5pm ET - 4pm ET or 9:30am-4pm ET like NYSE?

Bonds used to open at 07:20 Central, and you have data out 07:30...most guys I know are at their terminals at 07:00 Central...
Look Sharp/Trade Tight
  • #10,329
  • Edited 12:43am Jan 23, 2019 12:31am | Edited 12:43am
I have a question, do you guys know if they still have a no bust range, and what it is currently on the NAZ...

edit, I think I saw its 20 handles...just was double checking
Look Sharp/Trade Tight
  • #10,330
  • Jan 23, 2019 4:06am Jan 23, 2019 4:06am
Quoting magnumfreak
First sign of weakness in this downtrend and I will be out for the day. Stop tightened up. 220 ticks locked in. 5 hours into the trade. LOL! Now it's just fun time. Edit: and there's your sign. Out on all. NQ +362 ticks YM + 275 ticks ES + 123 ticks CL + 102 ticks Patience and leaving it alone after I moved stop to better than break even. Wait for it to move strong in the right direction, then trail the stop way back just to protect from spikes.
That is an impressive set of results by any standard, it has inspired me to add in and test using the basic moving averages (50/200 ema). Where up to now, I may have used 50 only.

I see you have started your own thread, which is very good of you. Many thanks and good luck with it.
'in less than half an hour he made over 100 ticks'
  • #10,331
  • Jan 23, 2019 9:43am Jan 23, 2019 9:43am
First day to trade this week. MLK day, then yesterday took daughter for immunizations (no fun! Lol)
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  • #10,332
  • Jan 23, 2019 11:25am Jan 23, 2019 11:25am
Harold, did you trade today since Monday was off?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #10,333
  • Jan 23, 2019 11:29am Jan 23, 2019 11:29am
Quoting capstone
Harold, did you trade today since Monday was off?
no just relaxed
  • #10,334
  • Jan 24, 2019 8:58am Jan 24, 2019 8:58am
so far a -12 and a +10
  • #10,335
  • Jan 24, 2019 9:05am Jan 24, 2019 9:05am
same trade i think:

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Become the casino
  • #10,336
  • Edited 9:40am Jan 24, 2019 9:13am | Edited 9:40am
+25 from 9125
  • #10,337
  • Jan 24, 2019 9:16am Jan 24, 2019 9:16am
Quoting erasmus66
same trade i think: {image}
yep
  • #10,338
  • Jan 24, 2019 9:17am Jan 24, 2019 9:17am
have you noticed that at 10 what ever way market is going it reverses around 10 interesting
  • #10,339
  • Jan 24, 2019 9:21am Jan 24, 2019 9:21am
Quoting Divergence
have you noticed that at 10 what ever way market is going it reverses around 10 interesting
I have noticed this for quite a while. I am always extra careful plus or minus a few minutes of 10 a.m. looking for a trend change.
  • #10,340
  • Jan 24, 2019 9:26am Jan 24, 2019 9:26am
Quoting Divergence
have you noticed that at 10 what ever way market is going it reverses around 10 interesting
Like 6710 ?
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