Programmed Trading @ProgramdTrading

System Trader and Developer Trading with Technical Analysis since 1996 *** Follow me for Emini Technical Support and Resistance Levels *** Joined October 2022

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Programmed Trading @ProgramdTrading

13 hours ago

HIGHEST INTRADAY CLOSE: Today's level uses the 5-min timeframe, although other timeframes can be used (ie: 1-min). Today was interesting because the HIC 5-min and HIC 1-min were the same. While ES was trading well above yesterday's high, market breadth, after putting in a…

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Programmed Trading @ProgramdTrading

6 days ago

VWAP BAND: Similar to yesterday's example, only this time using 1 standard deviation above VWAP. Market breadth was trending downward and making new lows of day as ES tested the upper band as resistance. $ES #ES #ES_F $SPY #SPY $SPX #SPX #AlgoTrading #SystemTrading…

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Programmed Trading @ProgramdTrading

6 days ago

VWAP BAND: ES tested the upper band (2 standard deviations above VWAP) at a time when market breadth had already begun a sharp decline. $ES #ES #ES_F $SPY #SPY $SPX #SPX #AlgoTrading #SystemTrading #SystematicTrading #StrategyTrading #TechnicalAnalysis #VWAP #BollingerBands

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Programmed Trading @ProgramdTrading

a week ago

TODAY'S OPEN: In the context of a daily uptrend, today's gap-down open was preceded by two consecutive lower daily highs in market breadth data ($ADD). The opening price was then retested perfectly as support (to the tick!) before reversing upward. $ES #ES #ES_F $SPY #SPY $SPX…

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Programmed Trading @ProgramdTrading

4 weeks ago

WEEKLY VWAP BAND: ES tested resistance right from the open on Friday one standard deviation above its weekly VWAP. Combined with a daily bias toward the short side, this provided an interesting trade entry opportunity. $ES #ES #ES_F $SPY #SPY #VWAP #BBands #BollingerBands

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Programmed Trading @ProgramdTrading

2 months ago

AVERAGE - BARS SINCE OPEN: This 'BSO' MA is based on 1-minute bar closes with a lookback of the number of bars since todays open. After the intitial move up, ES broke below the MA and retested it from below right during the 'am reversal' time of approximately 10am (ET). $ES #ES…

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Programmed Trading @ProgramdTrading

3 months ago

OPENING RANGE HIGH: After a brief consolidation, ES broke cleanly above it's 1-minute ORH before retesting it perfectly from above (to the tick!). Key market internals were trending upward at the time helping to confirm a potential long entry. $ES #ES #ES_F $SPY #SPY $SPX #SPX…

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Programmed Trading @ProgramdTrading

4 months ago

BOLLINGER BANDS: One of my favorite indicators! Today's upper 50-period band (2 std deviations) was declining when ES tested it from below. This indicates a slowing of upward momentum and sets up a potential reversal back to the downside, as happened in this case. #ES #ES_F $SPY…

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Programmed Trading @ProgramdTrading

4 months ago

VWAP END-OF-DAY: Yesterday's closing daily VWAP level came into play today as ES tried to stage a late-day breakout. Extreme negative market breadth weighed heavily on the situation and triggered a wave of selling when VWAP-EOD was successfully tested as resistance.

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Programmed Trading @ProgramdTrading

5 months ago

INTRADAY MIDPOINT: As a follow-up to my post 2 days ago, today is a perfect example of how potential long entries can be identified when the Intraday Midpoint is at it's low of day and ES breaks back above and tests it as support. Also, note how ($VOLD) showed strength today…

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Programmed Trading @ProgramdTrading

5 months ago

LINEAR REGRESSION CURVE: Today's ES gap-down open, combined with a markedly improved market breadth (as compared to yesterday), created a bullish divergence environment. This is especially true since yesterday's market breadth put in a multi-day low. The 100-period LRC (aka…

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Programmed Trading @ProgramdTrading

5 months ago

INTRADAY MIDPOINT: This level was at it's high of day when ES tested it from below. This is indicative of a potential intraday reversal and interesting short entry. The opposite can be considered as a possible factor for long entries - the Intraday Midpoint at it's low of day and…

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Programmed Trading @ProgramdTrading

5 months ago

OPENING RANGE CLOSE: Today's first 60-minute close occurred right near the top of its range, which set up a potential downside reversal. ES tested this level successfully as resistance triggering a nice move back down. Early am reversal entries are my favorite, and I trade these…

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Programmed Trading @ProgramdTrading

5 months ago

Good trade entries are important, but proper trade management is just as important (if not MORE so). One important lesson I have learned is that trade exits should be based on more than just a fixed $ or %. If momentum is steady or increasing during a winning trade, try to stay…

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Programmed Trading @ProgramdTrading

5 months ago

OPENING RANGE CLOSE: Today's 5-minute ORC was retested perfectly (to the tick!). This return to the OR area was accompanied by up trending market internals. $ES #ES #ES_F $SPY #SPY $SPX #SPX #AlgoTrading #SystemTrading #SystematicTrading #StrategyTrading #TechnicalAnalysis…