Evening traders,First up, apologies for the lack of posting lately, the day-to-day challenges of managing our business have taken precedence meaning we’ve come to the decision to temporarily remove our Daily ES_F commentary from the website. As a collective group, we trade a huge amount of markets, and writing commentary pre-market is proving to interfere … Continue reading SG Futures update – 20th November
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Wednesday 9th October – ES_F Review
Morning Traders,Another really tough day yesterday in the ES with price whipsawing around at various points in the day. We opened inside the gap and sold off down below 2900, but significantly couldn't get any lower than 2894 during E period in the early half of the day. With rejection below 2900, we quickly gained … Continue reading Wednesday 9th October – ES_F Review
Tuesday 8th October – ES_F Review
Morning Traders,Really tough day on the ES yesterday with the market appearing bullish running into the late afternoon, but sold off in the last couple of hours, closing below the open at 2937.50. On the daily candlestick chart we've printed a candle that probed into the upper balance area (2946-3025) but importantly rejected out of … Continue reading Tuesday 8th October – ES_F Review
Monday 7th October – ES_F Review
Morning all,Interesting day on Friday, and it played out in line with what we expected and posted about in Friday's post. Often it's useful to look at the weekly or even the monthly profile to see where we are in reference to the longer term, to gauge whether we're currently trading inside or outside of … Continue reading Monday 7th October – ES_F Review
Friday 4th October – ES_F Review (post NFP)
Morning all,Really wild day on the ES yesterday, with very strong selling off the open, closing the gap from early August and resolving to the downside. Further weak data from the U.S. saw further selling in B period, taking out Wednesday’s low, which we noted in yesterday’s post, was a weak low (not a poor … Continue reading Friday 4th October – ES_F Review (post NFP)
Thursday 3rd October – ES_F Review
Good morning all,Another day, another sell-off albeit very orderly. We opened just above the gap from early August and traded straight through it during A period and never looked back. Internals got steadily worse for much of the morning before finding something of a recovery late in the day. It was clear from our perspective … Continue reading Thursday 3rd October – ES_F Review
Wednesday 2nd October – ES_F Review
Morning all,Very interesting day on the ES yesterday, after some strong order flow off the open and taking out the weekly high, the market traded into the single prints I wrote about in yesterday's mailout, before rejecting out, to the tick (also 1 tick off the overnight high) on the back of poor data from … Continue reading Wednesday 2nd October – ES_F Review
Tuesday 1st October – ES_F Review
Morning Traders,Trade yesterday told us an awful lot about the sell-off we experienced on Friday afternoon. We opened in range, and inside value, and traded 3 ticks below the open before driving higher throughout the day. It tells us that during all of the most recent sell-offs have been bought with significant size, so now … Continue reading Tuesday 1st October – ES_F Review
Monday 30th September – ES_F Review
Morning Traders, Friday was a really difficult day in SG towers, after failing to spot a trend day down was fully underway whilst continually trying to get long and fade the move, which is always a mistake. This is the psychological aspect of trading at play which can really cloud a traders judgement when looking … Continue reading Monday 30th September – ES_F Review
Friday 27th September – ES_F Review
Morning all,Rotational day in the ES yesterday where nice value was built out between 2970-80, relatively weak internals off the open saw a sell-off in D & E periods where we explored under the VAL from Wednesday's session. Whilst there appeared to be strong initial selling, there was very little in the way of follow … Continue reading Friday 27th September – ES_F Review