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01/05/2017 Live Update

Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 1:19 pm

I have ES VWAP at 2260 and falling. Don't know if we will get there in a straight line (doubt that) but the odds favor getting there.
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 1:26 pm

SPX trying to hold it.. VIX 15m .. possible invs H&S
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Re: 01/05/2017 Live Update

Postby JFR » Thu Jan 05, 2017 1:47 pm

The good and the bad. At the top. At resistance.
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Re: 01/05/2017 Live Update

Postby Shaishen » Thu Jan 05, 2017 2:12 pm

Trades with cats wrote:I have ES VWAP at 2260 and falling. Don't know if we will get there in a straight line (doubt that) but the odds favor getting there.


We are here, what do we do now? I am hesitant to place short ..

.
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 2:20 pm

Now the market will tell us what the big boys are up to. Must wait to see if this is resistance or support. On paper institutions are offered VWAP as their average buy or sell on their broken up large blocks. Looks like it will take some time to find a direction.

Time wise we sold off from London close to noon. Often lunch hour is a positive move. Some say to get lunch hour traders to buy. But I have not seen statistics on that.
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Re: 01/05/2017 Live Update

Postby Shaishen » Thu Jan 05, 2017 2:25 pm

Trades with cats wrote:Now the market will tell us what the big boys are up to. Must wait to see if this is resistance or support. On paper institutions are offered VWAP as their average buy or sell on their broken up large blocks. Looks like it will take some time to find a direction.

Time wise we sold off from London close to noon. Often lunch hour is a positive move. Some say to get lunch hour traders to buy. But I have not seen statistics on that.


Well, my impatient mind took over and my short is a bit under water.

`
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 2:29 pm

ES 03-17 (3 Min)  1_5_2017.jpg


VWAP with standard deviation bands on 3 minute ES Chart. Fat Tails (Henry) at Lizard Trading says that his VWAP is not as accurate for the the first hour or two of trading. He also suggests using it in extended hours for things that have high volume all the time like currency, but on local market hours for things that have high volume from a specif exchange, like DAX or S&P.
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Re: 01/05/2017 Live Update

Postby Shaishen » Thu Jan 05, 2017 2:39 pm

Shaishen wrote:
Well, my impatient mind took over and my short is a bit under water.

`



No confidence in the short game, bailed for plus 3 ticks :|

`
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 2:40 pm

VWAP and Cobra's 20 period EMA are frequently very close together in price. The thing about Volume Weighted Moving Average is that the large brokerages all have trading algos programmed to get their big customer s VWAP by breaking up their large block orders and selling or buying during the day in small chunks. So it, along with daily pivots, support resistance levels, tick, VIX and volume footprints seem to be the tools of the price action crowd.
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 2:42 pm

Clear we have stalled at VWAP so must be a chunck of transactions to get through before market gets unbalanced and starts moving.
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 2:47 pm

maybe another push up, then pullback? if push up strong then another push up possible.
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 2:51 pm

SPX choppy..
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Re: 01/05/2017 Live Update

Postby BullBear52x » Thu Jan 05, 2017 2:54 pm

From my corner. intraday last buy is still good.
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new mid term sell signal triggered.
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 3:07 pm

DX flat seems to have found support. Goldman (repeated by Zerohedge) says Mexican central bank has no choice but to intervene. Others saying PBoC may have caused the shorts to be carried out feet first last night but that was just a battle and the war is going badly (Yuan still going down against dollar longer term). Haven't seen any opinion on what Kuroda San is up to. Clear Super Mario has his hands full. Glad I don't trade currency as all the central bank interventions must make it difficult.
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 3:17 pm

rebound still strong, guess bears are over for today.
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 3:18 pm

SPX resistance near here
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 3:45 pm

ES VWAP still at 2260, or about 2265 on the index. Hour and a half since we got here, not exactly a high speed market.
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Re: 01/05/2017 Live Update

Postby BullBear52x » Thu Jan 05, 2017 3:46 pm

Buy stop level.
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 3:48 pm

bears behave better than I thought but another push up maybe possible.
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 3:55 pm

Smalls, the TF got to within a point of calculated VWAP 45 minutes ago and have been slowly dropping since.
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