ES short term trading 7-20-10


  • 3
  • koolblue
  • 20-Jul-2010 at 6:36 AM
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When i projected much lower prices,last weekend, few believed it. Everyone was looking for another 1100 test and higher. You probably wont believe what i feel comes next either! lol.. But enough macro crap, heres a snapshot of the near term ,going into the morning....
Click image for original size
913
  • 1
  • BruceM
  • 20-Jul-2010 at 1:34 PM
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this gets real interesting now...the volume profile from the last two days ( Friday and Mon) is 1060.50 - 1069.50 ...you can also see a 'b' pattern at my Mp thread of these combined days...it would be nice to see them hold above 63 and start building value higher.


so above 66 runs into 69 - 70...then 73.50 is a top number
Pit singles 1069.75 - 1071.0
  • 0
  • PAUL9
  • 20-Jul-2010 at 1:38 PM
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Originally posted by Lorn

Do you think it matters that today's inside bar on your chart closed up while yesterday's closed down?


I noticed that and wondered the same thing, Lorn.

As I watch price print 5 points ABOVE high of today's inside 'b' bar, I have to say inconclusive, but certainly for this particular case, the move has already exceeded run-of-the-mill "noise" (which I consider to be about 3 points.
  • 0
  • Lorn
  • 20-Jul-2010 at 1:40 PM
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yea for sure.

Originally posted by PAUL9

Originally posted by Lorn

Do you think it matters that today's inside bar on your chart closed up while yesterday's closed down?


I noticed that and wondered the same thing, Lorn.

As I watch price print 5 points ABOVE high of today's inside 'b' bar, I have to say inconclusive, but certainly for this particular case, the move has already exceeded run-of-the-mill "noise" (which I consider to be about 3 points.
  • 0
  • BruceM
  • 20-Jul-2010 at 1:41 PM
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short 69.50////
  • 1
  • BruceM
  • 20-Jul-2010 at 1:46 PM
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a plus 1500 $tick...doesn't mean my fade will work...probably implies they want that 73.50
  • 0
  • BruceM
  • 20-Jul-2010 at 1:50 PM
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this should have started down already
  • 0
  • IanJ
  • 20-Jul-2010 at 1:51 PM
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Originally posted by BruceM

a plus 1500 $tick...doesn't mean my fade will work...probably implies they want that 73.50


have noticed you are way more right than wrong
  • 0
  • BruceM
  • 20-Jul-2010 at 1:52 PM
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flat 70.25...will try again...
  • 1
  • BruceM
  • 20-Jul-2010 at 1:54 PM
  • Rep: 216k
  • Posts: 19.9k
cool...lets hope they push 73 - 75..better shorts up there I think...

Thanks Ian...after 11 am est I don't do as well and in general trade lighter and have more losses
  • 0
  • Lorn
  • 20-Jul-2010 at 11:21 PM
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Thanks for the posts Bruce.

I'll leave you alone to gets some rest up for tomorrow.
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