Chart of the day

Here is a gap and triples so up here at 1227 is my sell...look at the gap in between the white lines...just couldn't hold long with that looming

I think as long as new higher volume doesn't come in that is higher then the first 0ne minute bars volume then we should retest that open price again

trying from the 34.50 number...only real challenge is that we are overdue to trend......so not sure if they will trend it infront of tomorrows numbers...triples sit below as some comfort on this short but the low volume is forming lots of those lately

the 12:35 bar just put in higher volume..now we need to be careful...lets hope it's blow off volume and we need to get under it's low and fast

on the 37.50 after getting stopped out at 35.25......outside my 90 minute window but that was the third good volume surge

now they are talking my language...lets get all those triples fellas!

got the first set down and then got stopped out....it's almost as if someone hit the sell button by mistake......this volume just sucks...at least we know that someone is keying off that 35 number....if we get a strong high close I'm gonna sell them.....

concidering the dismal ranges we had some good responses at the plus 4 and 8 areas today........late though...tells us that nobody is really here yet.....c'mon, how much vacation do people need ? Where is their passion..?

Key areas now 34 - 35

27.50 and 23 ( which started this thread)........tight....I guess tomorrows report holds the key for the week ...sure wish these ranges would bust out...

I started a small position at 38.25......This is more like a gamble...my ideal short trades will come after the 8:30 report and above yesterdays highs IF we get the push up first.....No longs for me...I'd rather miss this move.....that 23 area is a giant magnet to me and I believe they have a lot of Chart cleanup to do before any real rally could unfold........been saying that all week......so eventually I'll be right...lol....seriously though there are many micro gaps on the charts...just look at a 5 minute chart from Thursday and the 31.75 area.....a mini gap on the data....

just took two off at 31.75...have two left and no great plan for stops....Ideal next target is 27.75 and then 24....Don't want to see 35 again on any upmove

a pefect hit on the plus 4 as we broke yesterdays triples in todays session...if you don't trust the plus and minus numbers yet then you'd be using that inside bar at the high for safety... .the target was the obvious triples from todays session....

upper horizontal line is the triples from yesterday afternoon that had yet to be filled in.......lower horizontal is the perfect hit on the gap I mentioned in yesterdays data....now if they could really tank it from here it would complete my day

I don't think the volume is an issue but it is just something I have observed. I personally would not look at 1 - 4 minute etc..you'd drive yourself crazy and find too many areas of consolidation. For me it's on the 5 minute or else I don't look for them.

Obviously they are not perfect and you can see 5 (5 minute bars) in a row down near the 988 area that have held.....those folks got rewarded but most times the triples give folks the false impression of being rewarded only to get run out later.


There are some who think that the floor or larger traders don't gun for stops.....while they may not gun for my SPECIFIC order I beleive they do know that folks are taught to keep stops just below or above swing points and consolidation areas, like the triples. This is why I am a fader and like things like previous highs and lows and volume areas. We just don't trend enough and spend a huge amount of time consolidating...

Bring up a 5 minute chart of the ES and see how often we get a trend away from a price without going back to fill in the breakout area later.....look for my thread called "Price bar overlap" soon. The RTH session begins for me at 9:30 e.s.t and ends at 4:15 . Everything outside of that time is considered the overnight session for me.

Originally posted by ak1

Thanks Bruce, if the triples are formed inside the days range on high volume will they be considered valid.Like the ones at 1006.5 on Friday. Also if we can't find triples in a 5 min. chart, is it OK to consider the 1 min chart then or do we go loking for them from 4min to 3min to 2min and then 1 min.i.e scale down.