ES short term trading 8-19-10


  • 1
  • BruceM
  • 18-Aug-2010 at 8:30 PM
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Key numbers based on Volume spikes today

1086.5

1092.75

1097.25

We will get another spike at the 8:30 a.m reports.

A failure to breakout of the Monday-Tuesday range today. 32 points of range so the longer term players will try and push it at least 16 points above the highs or 16 points below the lows
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  • PAUL9
  • 19-Aug-2010 at 10:00 AM
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Philly Fed -7.7
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  • BruceM
  • 19-Aug-2010 at 10:01 AM
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got air fill and then stopped...next key for me is 78 area to try longs
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  • BruceM
  • 19-Aug-2010 at 10:02 AM
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will wait to 76 to try longs...volume too strong
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  • BruceM
  • 19-Aug-2010 at 10:03 AM
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Vwap and gap fillers from monday down here in the 76 - 75
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  • BruceM
  • 19-Aug-2010 at 10:06 AM
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minus 1300 tick....could be the real deal on this selling


let see if option folks care about 75....hope so


further downside for those who think shorts will win is way down at 65.50 and 60...
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  • BruceM
  • 19-Aug-2010 at 10:34 AM
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this could be one of those days that don't attract sellers if they break the hour low...seems like too much, too soon for this volatility

I like the 82 retest idea ...no time there
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  • BruceM
  • 19-Aug-2010 at 10:47 AM
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on the 74 now on hour run out...higher ruisk....want 76.25 first
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  • BruceM
  • 19-Aug-2010 at 10:52 AM
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3 runners will stop at 74 if it comes back down....so far so good...basically need to this to go and quick
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  • BruceM
  • 19-Aug-2010 at 10:57 AM
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78.50 is next target now thatthe test is over..no volume so this will be boring
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  • BruceM
  • 19-Aug-2010 at 11:01 AM
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place a fixed stop in market at 74.25...just can't watch this..alert set at 78
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  • Lorn
  • 19-Aug-2010 at 9:48 PM
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Joe they are PRC Bands. I've only found this particular indicator for Ninja Trader. No other platforms.

There are two different ones available. PRC and PRC2. I like PRC better, it responds a little slower which seems to keep prices from jumping ahead of the bands too much.

Originally posted by CharterJoe

Lorn,

What are those upper and lower shaded bands on your chart?
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