ES Thursday 11-20-14


  • 4
  • NewKid
  • 20-Nov-2014 at 8:06 AM
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Today's band. We are already at the lower 1/2 bands as I type

Click image for original size
iv112014
  • 0
  • Aladdin
  • 20-Nov-2014 at 10:18 AM
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Right now Jim is talking live in his webinar about an asymmetric trading opportunity today.
Jim sees only short covering up till now.

I asked Jim if he would consider today an open drive? (i'm waiting for an answer)
  • 0
  • sharks57
  • 20-Nov-2014 at 10:33 AM
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Will that famous O/N stat fill in today??? 96% of the time the RTH will break the Overnight trading range...
  • 0
  • BruceM
  • 20-Nov-2014 at 10:39 AM
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selling 48.75...two sets of singles trying to form...so 47 is target on this one......49.25 is an lvn on weekly chart
  • 0
  • Aladdin
  • 20-Nov-2014 at 10:42 AM
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Jim says: you do not want to fade a one-time framing market.
  • 0
  • PAUL9
  • 20-Nov-2014 at 10:43 AM
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I was too busy with domestic malarky to even see the opening hour of trade...
take a look at 1 minute VIX chart... Tomorrow is expiration, get a load of the fat fingers in the VIX.at 9:46 ET and 10:01 ET.

These markets aren't manipulated.
  • 0
  • BruceM
  • 20-Nov-2014 at 10:48 AM
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average price for me is now 49.25....51.50 is uncle point on this final trade
  • 0
  • Aladdin
  • 20-Nov-2014 at 10:51 AM
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hope this trade works out for you, bruce.

My open-drive paranoia paid off so far this week. :-)
And I learned a lot more about these open drives during the past 4 trading days.

  • 0
  • NewKid
  • 20-Nov-2014 at 10:54 AM
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What I have learned with fading the market is that you have to be very precise to make money. Bruce with his experience has been very precise and it has worked well for him. Since the past 3 days were open drive (I will include YD too though it might not meet the text book definition), it has left me hurting a bit. The reason was that I was not precise like Bruce. I can get away with it most days but the open drive days make me pay for it.
  • 0
  • radyk
  • 20-Nov-2014 at 10:58 AM
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NewKid I agree. Bruce is a great analyst and an even better trader...if that is even possible.
  • 0
  • BruceM
  • 20-Nov-2014 at 11:08 AM
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thanks for the good words...revising target to 47.50 but feel I may be ending this day on a break even or a slight loser for this campaign...running out of patience and we are past 11 am...
  • 0
  • NewKid
  • 20-Nov-2014 at 1:02 PM
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Thanks Bruce
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