Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
ES rose just above and is holding at the dividing line between long and short technical dividing line on my intra day range 10 chart. I would be more compelled to go long if the correlations I mentioned were more ini allignment to the long side. Since they are mixed I'm thinking more chop. We have a hole in the volume ladder below. A reasonalbe target could be the D-VWAP at 1940. That's 10 points away.
But we've been sitting at these levels. Market is quiet. Seems complacent. Doesn't seem like those who just bought want to sell.
Can you help answer these questions from other members on NexusFi?
10k volume bar study of the same price action. One bar up and flag form retells of the whole in the ladder and complacency at this thoroughly agreed upon ( w-vwap) price. I think I'm looking for disagreement on price to trade on.
15 min before cash open...Bias is short on correlations.
Edit: 11:12 I just was reminded that it's rollover day. I rolled over yesterday and I'm correctly trading the Dec contracts. But rollover day should be noted in my log. I don't know if it foretells greater volatility or not. Maybe should study that.
Planning to short here. I had moved my original order to short up from the 1st price. RE: The initial motivation for that trade was to catch an imbalance at the open ( I have no way to view imbalances at the moment... just a guess ).
After not filled there I decided to use a new VIX divergence indicator I wrote last night to use as the trigger to enter short. I thought I made a mistake and entered in the wrong direction ( long ) . Acutally I was correct, I was short but thought I was long and as a result flipped making me long. I'm now about to flip back short.
I'd like to see the relative VIX confirm by going green.
Edit: What am I saying?! Green would make ES go higher. I'm short! Red is good. I'm so confused by the introduction of this new indicator in my trading. Now I know why BigMike said to only introduce one change at a time and use it for 3 weeks before changing anything else.