Friday -12-07-2007


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  • BruceM
  • 7-Dec-2007 at 10:45 AM
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Overnight range not taken out yet...sell day in force so far..with prices at 1508 we are close to midpoint ( 1515 to 1501)...seems like the hour breakdown may work today so thoughts are to downside for the 1501 retest ( overnight low)
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  • BruceM
  • 7-Dec-2007 at 12:05 PM
  • Rep: 216k
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revising target to 08.25 ( original entry point)..I'm not liking this trade,,but I usually don't like them ...lol
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  • pt_emini
  • 7-Dec-2007 at 12:13 PM
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My guess is ES will end up building a POC at the 1510 level when this is all said and done today.
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  • BruceM
  • 7-Dec-2007 at 12:38 PM
  • Rep: 216k
  • Posts: 19.9k
this low volume seems like they could jerk it around any direction..not enjoying this slow drip
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  • pt_emini
  • 7-Dec-2007 at 12:50 PM
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typical of developing value

good news is you have your lower high in place, lending credence to the idea of back and forth bracket trading going forward, in which case there should be an opportunity to get free of your position on a down bracket
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  • BruceM
  • 7-Dec-2007 at 1:05 PM
  • Rep: 216k
  • Posts: 19.9k
out on all at 1509.25..this is too slow and I don't like it..I beleive triples will get run but they may bring it up again first and I'm not suffering in this
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  • BruceM
  • 7-Dec-2007 at 1:14 PM
  • Rep: 216k
  • Posts: 19.9k
trying to get a short off in this 09.75 area to retest double 5 minute and then the triples
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  • BruceM
  • 7-Dec-2007 at 1:24 PM
  • Rep: 216k
  • Posts: 19.9k
having some data problems.....the joys of using free IB data..no fill on the 1509'75's..got 09.25 ..covered at 07.25..and trying to hold for new lows....light contracts and could see a pop from triples that where run
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  • BruceM
  • 7-Dec-2007 at 1:25 PM
  • Rep: 216k
  • Posts: 19.9k
sorry for late post on that..data issues and trade must come first ////
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  • BruceM
  • 7-Dec-2007 at 1:27 PM
  • Rep: 216k
  • Posts: 19.9k
05.50 is final fill..I am out of contracts.....could still see the 01 area
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  • pt_emini
  • 7-Dec-2007 at 1:34 PM
  • Rep: 5,707
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market has traded back to support
Here's a chart that sums up the day.

Click image for original size
ES on 7 December 2007 with developing market profile lines.
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