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

plus 8 - 10 usually a good reaction zone...if we trend I'll lose....it's that simple

41 also the key volume upper extreme...they will try to sell above it still.....

triples below and if I wasn't all ready in three different times then I'd be trying for them above 41......this feels like the loser day though for me...are the hour break out players gonna win today?

if we can get away from that peak volume at 41 ( damn you kool,,,,LOL) then they will go for those triples and 37 .50 ( next peak volume).......otherwise we need to be wary of the run to the 47 area.....

update: closed this out as a loser at 41.25.......trying again from 44.25...looking for 41 area again

Probably the most important chart from this thread...it shows how we lose money....the trend day.....all surges in volume get accepted and price never test below the lows of a high volume thrust...

I just closed out this 2nd campaign from yesterday at 38.75.....4 came off and that was an all on/all off exit....it's usually just a matter of time before volume gets tested but I also beleive that sometimes we just get lucky........


For me a campaign consists of up to three different entry points.....the first campaign was a big loser yesterday...I just couldn't take the bleeding so exited at the 41 area.....

The second campaign was 4 contracts up in the 44 area as we had good numbers up there and I really thought they would eventually test volume below and we had the "leftover" triple

Originally posted by BruceM

update: closed this out as a loser at 41.25.......trying again from 44.25...looking for 41 area again

keys are 36 - 37 and 42 - 44 today... I prefer a sell the rally strategy....we saw where that got me yesterday.... today will be much better as they won't trend it like that again

it's gonna be a buy the breaks and sell the rallies day....opening 8 points down from previous close into a key area

long on the minus 4 on the way back up but skeptical...this gonna chop still....c'mon open print!!

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.