S&P 500 Eminis Anyone Trading?

Trading the ES or other liquid futures is the way to go, if it hasnt already been mentioned the best contracts are the ES, the Eurostoxx and the German Bund. Virtually zero slippage and reasonable comm costs, the Bund and Eurostoxx comm is around 2 euros per round trip.

Hey Livestream, would you consider this a legitimate Inventory grab?

Absolutely - that is a minor Inventory Grab of what can be seen as a key level. The cleaning out of that held LONG inventory from that level did suddenly attract short covering and newly initiated buying for the start of the rally move. That was a good supply & demand event price reaction out of the Inventory Grab.

Awesome Livestream, I appreciate you taking the time to confirm that for me.

Kinda surprised theres no real CD thread here on FF.

MAJOR Inventory Grab events played out in the 1270's yesterday and today we dump over 30 points - you have to love that! When the open interest is so out of balance that no one wants to hold SHORT inventory (end part of yesterday's rally) that is one of my favorite longer term trade set ups.

Here was yesterday's very significant SHORT signal (as ES SHORT open interest goes extreme out of balance - those holding last significant SHORT incentory let go into rallies lead by EQUITIES BUY programs). I sold ES into last two rotations yesterday as we started secondary MAJOR Inventory Grab's - 1273.00's on up -

Wow, nice "grab" indeed Wish I could say I caught that.

Logically makes sense tho, without any significant short inventory above, it would take NEW buyers to keep the rally going. Couldn't the same be said for the 7th as well?


Today I was looking to buy off 1237.50, except I bought too soon, got stopped, and missed that nice 10p run.

I did work three prior MAJOR IG set ups and made some small hits but today we finally got the big cash out move (LONG covering) off the multi-day rally (as the market was having difficulty attracting new buyers at each new highs rotation - in the environment of open interest at extreme out of balance).

Livestream what platform and/or broker do you use?

I trade through three different brokers and I use Ninjatrader for order routing. I use Investor R/T Pro to watch the cumulative delta volume with DTN feed. You can also watch the delta with Sierra Charts - they have added CD tools which work great.

I have been selling the ES a bit today into this delta divergence with price (SHORT inventory held into rally - I have cost basis of 1263.25 for my trade with 1258.00 as first target and 1253.00 as final target).

My trade from this morning. Took a long just after the cash session opened up. Some shorts from yesterday let go into the open. VSA based entry. Stopped out at 1260.

Didn't play the delta divergence, it range extended more than what Im used too.

Missed fills at 1258.00 and pulled 1/2 of trade off at 1258.75 on second bounce off 1258.00 - holding last half through the weekend - last target moved down to 1252.75 level.

Very good trend following LONG set ups Lowell! Nice job!

Here was lower time frame look out of US cash session open -

Thanks Live.

I wish that NT7 had historical bid/ask backfill or a gomi tool with the up/down tick of trades available.

I tried InvestorRT for a month to check it out and by the end of the month I couldn't wait to get back on NT7.

Just a few pet peeves about how the software is setup, but having that up/down tick of trades and historical backfill would be really nice

Perhaps one day Ill just bite the bullet and retrain my brain.

Take a look at Sierra Charts connected to DTN feed - they have complete cumulative delta tools now and cumulative uptick/downtick.

I had checked out Sierra Charts just when they brought out the up/down tick, but I could never get it to plot correctly.

Perhaps it deserves a second look.

Thanks!

Big ol divergence from friday still in play and then this Hidden divergence pokes its head out. Needless to say, I took a shot.

That was a good set up for the day - Hidden Divergence followed by some new SHORT accumulation at 1257.25 down into the 1256's rotations prior to the days sell off run.

Hello all,
i am starting a thread to show that price forecasting is indeed possible once we think out of the box. attached is the price forecasting for ES for 21 Nov 2011
Timeframe (T) = Day trade
Trend (T) = Down
Entry (E) = Sell once price breaks 120100
Stop (S) = 121500
Target (T) = 118925, 118950