ES short term trading 7-21-10


  • 3
  • BruceM
  • 20-Jul-2010 at 11:45 PM
  • Rep: 216k
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Here are the zones I'm watching

1101 is low volume based on composite work


90.50 - 93 ***** HV area from the composite

85 - 86 - Fridays high and POC from Thursday

80 - 81 Tuesdays high and volume node

70 - 73 ************ key support, high volume , Va high ---Bold intentional

66 **** single prints

61.50*** High volume


56.50 ****high volume


My plan will be to sell rallies with high $ticks...especially if we gap up in RTH into one of our two key zones above today's highs....we know what usually happens after trend days
  • 0
  • BruceM
  • 21-Jul-2010 at 2:51 PM
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cool confluence with the single prints
  • 0
  • BruceM
  • 21-Jul-2010 at 2:54 PM
  • Rep: 216k
  • Posts: 19.9k
trying 63 long ..last trade of the day
  • 0
  • BruceM
  • 21-Jul-2010 at 2:55 PM
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trying for 66....i know they see that 61 volume...so high risk
  • 0
  • phileo
  • 21-Jul-2010 at 2:59 PM
  • Rep: 3,062
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long 1061.25, target 1063, 1pt stop
seeing $TICK exhaustion,
  • 0
  • phileo
  • 21-Jul-2010 at 3:00 PM
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  • Posts: 520
Originally posted by phileo

long 1061.25, target 1063, 1pt stop
seeing $TICK exhaustion,


out 1062.25, not taking any chances with this counter-trend trade
  • 0
  • phileo
  • 21-Jul-2010 at 3:02 PM
  • Rep: 3,062
  • Posts: 520
Originally posted by phileo

Originally posted by phileo

long 1061.25, target 1063, 1pt stop
seeing $TICK exhaustion,


out 1062.25, not taking any chances with this counter-trend trade


also 1061 was yesterday's VPOC, but again, counter-trend trades are hard
  • 1
  • sjzeno
  • 21-Jul-2010 at 3:04 PM
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when the vah got broken to the downside. does anyone go short and hold for the val? does anyone know the statistics of this happening?
  • 1
  • Lorn
  • 21-Jul-2010 at 3:06 PM
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Would be an interesting study to do.

Originally posted by sjzeno

when the vah got broken to the downside. does anyone go short and hold for the val? does anyone know the statistics of this happening?
  • 0
  • Lorn
  • 21-Jul-2010 at 3:07 PM
  • Rep: 16k
  • Posts: 1,406
How do you define $TICK exhaustion?

Divergence?

Originally posted by phileo

long 1061.25, target 1063, 1pt stop
seeing $TICK exhaustion,
  • 0
  • BruceM
  • 21-Jul-2010 at 3:08 PM
  • Rep: 216k
  • Posts: 19.9k
61 is peak volume from Tuesday and needs pop up fast..
Sounds interesting to me Phileo - looking forward to it.
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