Gunning for stops


  • 1
  • CharterJoe
  • 3-Sep-2009 at 10:04 PM
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Something I was reading the other day got me thinking. Since most newbie's get stopped out 8-10 out of ten maybe one should try and guess what direction the most stops are in and in what direction because.......As I begin to dig deeper, I found out that some instatutional traders (+100 cons traders) are doing the same thing. In essence gunning for newbie traders stop.

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I am roughly looking for 2 peaks on the ES at the same tick a few min apart and a nice valley low or peak.


Here was the only one I saw today.....





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This is discretionary, as you still have to decide where to enter.




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  • 0
  • CharterJoe
  • 7-Sep-2009 at 9:36 PM
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16 stops where hit @ 1019.....Next level as per the rules of this thread is 1017.25, then up too 1023.25
  • 0
  • gio5959
  • 8-Sep-2009 at 7:59 AM
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quote:
Originally posted by CharterJoe

Does anyone know where I can view more than 10 tick levels on the ES for working stops?? I can view 25 in the TF, but only 10 on the ES....I would like to see at least 25 levels.


What I found out on the TF, shocked me I expected to see resting orders on previous highs/lows, dbl tops/bottoms, but didn't....


do you mean something like this?



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  • 0
  • CharterJoe
  • 8-Sep-2009 at 2:06 PM
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  • 0
  • CharterJoe
  • 8-Sep-2009 at 3:11 PM
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gio,

Yes thats something I need....I am looking for it to add all the levels together first 5, 10, and 25. Ever notice how the ES moves towards the most orders of the first 5 orders??
  • 0
  • Nattdog
  • 8-Sep-2009 at 3:39 PM
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Joe, if u are looking at the 10 levels of the order book, those are limit orders not stop orders.
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  • gio5959
  • 8-Sep-2009 at 4:05 PM
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quote:
Originally posted by CharterJoe

gio,

Yes thats something I need....I am looking for it to add all the levels together first 5, 10, and 25. Ever notice how the ES moves towards the most orders of the first 5 orders??


maybe the jtrealstats script at ninja trader is best suited for what you're looking for



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  • 1
  • redsixspeed
  • 29-Jul-2011 at 8:06 AM
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I have hard targets, BUT 99% of the time price goes thru .. so imo it is the stop "they" are looking for .. this just happened in 6e as I type this
  • 1
  • redsixspeed
  • 30-Jul-2011 at 10:30 AM
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chart
  • 0
  • nstr
  • 14-Mar-2012 at 12:29 PM
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  • Posts: 1
does anyone have any info on how to use jtRealStats
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