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ashville NC
Market Wizard
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 929 since Mar 2012
Thanks Given: 309
Thanks Received: 666
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knowing stats is one thing,, trading on that info is another ... if you are day trading the ES it moves in 10 point moves an 20. on the daily chart when price moves 50 points from the 20 EMA it will have a snap back. the traders that trade the globex are wrong 65% of the time and the gap will fill. the average stop run for day traders is 8 ticks. when the market moves 10 to 12 tickets there will the a 4 to 6 tick rotation 80% of the time. that is the micro structure. if the ym is leading the ES that is barish. if it sells of in the morning and there has not been a reversal by 11 it will not come in most cases. what ever the trend was in the morning if you get a pull back between 12 and 2 it should trade in the direction of the morning trend in to the close.. and it is crawling with stop hunting algos hope it helps
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