Hi Loannis! I am asked that question pretty often, but to be honest I’m not really sure. My dad says his family is from Lithuania. People have also said that maybe a ‘c’ was dropped from beginning of the surname during immigration. I lived in Europe briefly and had a coworker who is Czech - we looked very very similar in some ways. I don’t know! Thanks for asking!
If I am not mistaken, your chart levels seem skewed.. For instance, according to my TOS, the March low was on 31/03 at 5534, not 5509, as you stated, which is also 50% from the ATH. Also, the upper end of the two-day range is at 5418, not 5410! Could you please clarify? Thanks!
Hey! I don’t back-adjusted my charts, so my March low came in on March 13th at 5509, which explains the difference. Regarding the 5410 level—while Friday’s high was correctly 5418.25, I’m using 5410 as my pivot—located within the upper end of Friday’s range.
Yes, I use a continuous contract, meaning I used the December contract until March 14th and started using the March contract on March 17th. This means all historical references remain unchanged, and there’s a visible "roll gap" on my chart starting March 17th. To clarify, all levels provided are for the March contract. However, historical references (before March 17th) may differ depending on whether you back-adjust your charts—I don’t.
A true gap occurs when the RTH session opens completely outside of the previous day’s RTH range, either above the high or below the low. A true gap up is considered filled if the market reaches the previous day's high, whereas a true gap down is considered filled if the market reaches the previous day's low. The main takeaway is that when the market opens with a true gap, in either direction, it signals a change in tone relative to the previous session. It's our job to monitor whether that change will be accepted or rejected.
Thank you as always!
Thanks Smash!
Hi Tom. Is true that Smashelito produces an unparalleled ES_F trading plan. We're grateful for what he's offering us.
Tom, your surname is a common family name in Greece. Is there any relation to Greece ?
Kind regards.
Hi Loannis! I am asked that question pretty often, but to be honest I’m not really sure. My dad says his family is from Lithuania. People have also said that maybe a ‘c’ was dropped from beginning of the surname during immigration. I lived in Europe briefly and had a coworker who is Czech - we looked very very similar in some ways. I don’t know! Thanks for asking!
If I am not mistaken, your chart levels seem skewed.. For instance, according to my TOS, the March low was on 31/03 at 5534, not 5509, as you stated, which is also 50% from the ATH. Also, the upper end of the two-day range is at 5418, not 5410! Could you please clarify? Thanks!
Hey! I don’t back-adjusted my charts, so my March low came in on March 13th at 5509, which explains the difference. Regarding the 5410 level—while Friday’s high was correctly 5418.25, I’m using 5410 as my pivot—located within the upper end of Friday’s range.
But your intraday levels are adjusted to the current contract, like, for instance, the low of the day was 5252, is that correct?
Yes, I use a continuous contract, meaning I used the December contract until March 14th and started using the March contract on March 17th. This means all historical references remain unchanged, and there’s a visible "roll gap" on my chart starting March 17th. To clarify, all levels provided are for the March contract. However, historical references (before March 17th) may differ depending on whether you back-adjust your charts—I don’t.
Thank you Smashelito.
Wondering if you could clarify what a true gap is?
A true gap occurs when the RTH session opens completely outside of the previous day’s RTH range, either above the high or below the low. A true gap up is considered filled if the market reaches the previous day's high, whereas a true gap down is considered filled if the market reaches the previous day's low. The main takeaway is that when the market opens with a true gap, in either direction, it signals a change in tone relative to the previous session. It's our job to monitor whether that change will be accepted or rejected.
Clear, thanks again 👍
Buenos dias, Smashelito y Feliz Sabato.
Grazie per la tua opera. Il bollettino della prossima settimana è molto ricco di informazioni.
Tengo in considerazione le seguenti frasi, i quali sono chiare e forte guidance per il trading di Lunedì.
<<That said, a VIX move below 29 would be a positive development for buyers—provided they can remain above 5290.>>
<<That said, immediate attention is on Thursday and Friday’s sessions, which can be treated as a 2-day balance—or an inside bar.>>
Mis mejores deseos para un buen fin de semana.
Saludos cordiales desde Helsinki.