• For those trading futures, I believe 2763 is a good long entry for /ES with a 6 tick stop loss. That is the extreme low end of previous consolidation and may not get hit, but low risk/reward entry.

  • nswenson520 posted an update 3 months ago

    Shorted /ES from 2796 to 2774 (stopped out). Looking to go long at 2763. Also shorted /CL from 57.48 down to 56.91. The risk levels are working great. I had to shift my /ES lines a bit after the top which is why old price levels are out of alightment.

  • nswenson520 posted a new activity comment 3 months ago

    There is no link. I determined those levels with my modified fib tool. The point is the institutions have software that does it for them from https://www.cmegroup.com/globex/trade-on-cme-globex/risk-management-tools.html. I know a guy that has the formula they use. I\’m able to determine the keys with curve fitting.

  • nswenson520 posted a new activity comment 3 months ago

    Please check my post that I made earlier today for you. L

  • nswenson520 posted a new activity comment 3 months ago

    By the way, all this came into play in 2009 when the way stock market is traded was changed and managed by this CME software.

  • nswenson520 posted a new activity comment 3 months ago

    I should add the the options sales and prices are set against those levels which is part of the reason price has respect of the levels. There is also the fact that the institutions have this software and trade it against it as well. The CME software white papers are public information and it’s all in there if you have time to read through all of it.

  • nswenson520 posted a new activity comment 3 months ago

    Technically there is a formula used by CME risk managent software which factors in implied volatity, margin, and price. I am simply using a modified fib tool to curve fit to the levels. The distance between levels stays the same for a period of time. The levels will change eventually, but I just stretch and move my lines to match up as needed.

  • nswenson520 posted an update 3 months ago

    To expand on my comment to @wanna-be-swing-king I have determined the CME risk levels that institutions use to trade against. I shorted /CL at 57.48 based on these levels I have mapped. Check out the levels below. It’s nice approach that I’ve been using on all futures charts include /ES and /VX. Use these levels to set stops and ent…[Read more]

    • Where do you get these levels from?

      • Technically there is a formula used by CME risk managent software which factors in implied volatity, margin, and price. I am simply using a modified fib tool to curve fit to the levels. The distance between levels stays the same for a period of time. The levels will change eventually, but I just stretch and move my lines to match up as needed.

      • I should add the the options sales and prices are set against those levels which is part of the reason price has respect of the levels. There is also the fact that the institutions have this software and trade it against it as well. The CME software white papers are public information and it’s all in there if you have time to read through all of it.

  • nswenson520 posted a new activity comment 3 months ago

    CME risk levels are more important for /CL. I have a way to curve fit and determine the levels. I’ve been trading against these levels. Hmm, can’t post a picture here. I’ll have to make my own post.

  • nswenson520 posted a new activity comment 3 months, 1 week ago

    Wick on current price hits previous closing price where gap started.

  • nswenson520 posted a new activity comment 3 months, 1 week ago

    Yes, true. Just normally not that high. Even /NQ is like .7. A magnitude higher than Nasdaq? I guess someone is hedging a large amount of stock holdings with puts. The ratio didn\’t change with price run up at the end of normal trading hours either.

  • nswenson520 posted a new activity comment 3 months, 1 week ago

    Drastically higher than any other index and general equities. Someone\’s try to manipulate market indicators.

  • How can /RTY (Russell’s futures) have put/call ratio of over 10?

    • Drastically higher than any other index and general equities. Someone’s try to manipulate market indicators.

    • The futures options chains tend to have a higher ratio as they are predominantly used to hedge. Notice that Iwm only has a ratio of 1.

      • Yes, true. Just normally not that high. Even /NQ is like .7. A magnitude higher than Nasdaq? I guess someone is hedging a large amount of stock holdings with puts. The ratio didn’t change with price run up at the end of normal trading hours either.

  • nswenson520 posted a new activity comment 3 months, 1 week ago

    10.154 put call ratio on /RTY. That\’s crazy high, just asking for squeeze. I had to dump that trade.

  • Darn, I sold near top of gap with a buy placed at gap fill. No gap fill so far.

  • Thank you Randy! Took /NG long on the retest thanks to your heads up! Looks like a good setup.

  • Long /VXH19 from 16.85
    Short /ESH19 from 2717
    Short /RTY from 1513

  • nswenson520 posted a new activity comment 3 months, 1 week ago

    7 count plus tag off trend line has high probability reversal.

  • nswenson520 posted a new activity comment 3 months, 2 weeks ago

    If you follow on StockTwits he\’ll give some pivot points, but not complete analysis. It costs. StockReversals gives some free analysis. I was just impressed with DayTradersParadise approach in that video which actually had market predictions which are accurate now in a video made several days ago.

  • nswenson520 posted a new activity comment 3 months, 2 weeks ago

    Yep, I\’m short /RTY and /ES from this morning. Nice to see something green in my account for a change.

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