ES 09-09-08


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  • CharterJoe
  • 9-Sep-2008 at 7:49 AM
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Here's some sq of nine S/R #'s I am looking at today....

1315
1297
1283.5
1279
1268
1261
1247.5
1243

80% rule in effect to 50.25
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  • koolblue
  • 9-Sep-2008 at 10:35 AM
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exit 1259.25(i hope!)
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  • CharterJoe
  • 9-Sep-2008 at 10:39 AM
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Covered @ 56.5 +9 on that one, up 7 today. I just have lots of support before the 50ish area...that minus 12, yesterdays VWAP and POC.
  • 0
  • koolblue
  • 9-Sep-2008 at 10:49 AM
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covered 1257.00,just no guts to go long here... minus 1.50 on the day
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  • CharterJoe
  • 9-Sep-2008 at 10:54 AM
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Click image for original size
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I cannot tell how you many times I have seen this set-up in the ES trading above and below the weekly, monthly or the previous days VAH or VAL and an IB in the direction of value (most of the time) and in extrema cases away from value, either way go in the direction of the breakout. I try to figure out which way its going before the breakout.
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  • CharterJoe
  • 9-Sep-2008 at 10:59 AM
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High Volume area @ 48, daily and monthly pivots. Long @ 48.75....
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  • koolblue
  • 9-Sep-2008 at 11:00 AM
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ill buy2 @ 1248.75,3 point stop
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  • BruceM
  • 9-Sep-2008 at 11:03 AM
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lots of volume down there into those numbers.....I like both of your trade location...I missed pulling the trigger
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  • koolblue
  • 9-Sep-2008 at 11:06 AM
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me too , i just adjusted
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  • CharterJoe
  • 9-Sep-2008 at 11:14 AM
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Covered @ 51.50 +2.75.....43 is the contract life VAL. Short @ 48, matched weekly low
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  • CharterJoe
  • 9-Sep-2008 at 10:27 PM
  • Rep: 4,475
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Bruce if you split the red lines it called the high i.e. 1261 sq root +.125 squared = 1269.89 RTH high was 1269.5
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