ES Short Term Trading 8-26-2010


  • 1
  • Lorn
  • 25-Aug-2010 at 9:23 PM
  • Rep: 16k
  • Posts: 1,406
Range Based S/R

R1 = 1063.00
S1 = 1031.75
R2 = 1068.125
S2 = 1026.625

Steenbarger Pivot = 1051.00
  • 1
  • BruceM
  • 25-Aug-2010 at 10:11 PM
  • Rep: 216k
  • Posts: 19.9k
Thanks Lorn,

I have that 51.25 Too...along with 46.25
and 41.50 on the downside

upside I have 60 .50 , 69.50 and 74.50 as the majors
  • 1
  • Lorn
  • 26-Aug-2010 at 9:17 AM
  • Rep: 16k
  • Posts: 1,406
For those interested in Kool's time counting method today marks a turning point when using the low of 5/6 to low of 7/1.

Just something to be aware of.
  • 1
  • BruceM
  • 26-Aug-2010 at 9:23 AM
  • Rep: 216k
  • Posts: 19.9k
our 60.50 area held back O/N rally so that is a good zone...they already tested the O/N midpoint so I will need to wait till the push out an O/N extreme....

51.5 - 53 is initial support for obvious reasons...if we rally and hold the O/N high they will try to push to the 69 numbers....

decline and hold below O/N low will push towards the 46 area...

we will need volume to hold any continued rally...without that we will drift lower
  • 1
  • BruceM
  • 26-Aug-2010 at 10:20 AM
  • Rep: 216k
  • Posts: 19.9k
55.50 - 56 is key volume zone...looking for signs of failure up here at the 59 - 60 area
  • 1
  • BruceM
  • 26-Aug-2010 at 10:22 AM
  • Rep: 216k
  • Posts: 19.9k
vwap and POC about even....so far!! which is good in theory for this fade zone
  • 0
  • BruceM
  • 26-Aug-2010 at 10:46 AM
  • Rep: 216k
  • Posts: 19.9k
gap at 58 even...micro..!
  • 0
  • BruceM
  • 26-Aug-2010 at 10:47 AM
  • Rep: 216k
  • Posts: 19.9k
too quick ..just couldn't trade and post for that....
  • 0
  • BruceM
  • 26-Aug-2010 at 10:57 AM
  • Rep: 216k
  • Posts: 19.9k
lots of stops waiting below 56.25
  • 1
  • BruceM
  • 26-Aug-2010 at 11:04 AM
  • Rep: 216k
  • Posts: 19.9k
a glimpse at my world today...vwap with bands...obviously I have other things like O/N highs and lows and peak volume from YD and O/N


nice failed hour break into a key zone.....a top 5 entry..!
Click image for original size
onedayvwap
  • 1
  • BruceM
  • 26-Aug-2010 at 11:07 AM
  • Rep: 216k
  • Posts: 19.9k
as long as we can keep this below the 56 - 57 area we should get new lows and that 51.25..we also have a low volume area at 49 - 50 from YD MP chart...
  • 0
  • Lorn
  • 26-Aug-2010 at 3:38 PM
  • Rep: 16k
  • Posts: 1,406
Yes Bruce. Solid thinking for sure.

Originally posted by BruceM

a key point from today is trading on BOTH sides of the 60 minute range...it is fairly rare to break both sides ( extremes) and THEN come back to take out the first side again....does that make any sense?

Today we broke the high first and then the low...so it would be rare ( it does happen sometimes) to come back and take out the high AGAIN...so selling rallies after that low was run was a good thing to do.....hope that is understandable
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.