ES Short Term Trading 12-01-2010


  • 2
  • Lorn
  • 1-Dec-2010 at 9:11 AM
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Here is the cumulative delta picture. Yesterday as prices rallied CD (cumulative delta) found resistance at the Friday peak, then as prices sold off CD stopped at that support area where buying has been entering the market over the last two days.

Now we have this large rally in the O/N but CD is still below yesterday's peak.

What this all means is within the last few days price range there has been no real net gain in either short inventory or long inventory.

Lets see if RTH brings in new volume.


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footprint 12012010
  • 0
  • BruceM
  • 1-Dec-2010 at 9:13 AM
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interesting Lorn...should be a fun one today..thanks for that
  • 2
  • BruceM
  • 1-Dec-2010 at 9:29 AM
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I'm using 95 , 88 and 1202 as keys..prefer sells....as usual
  • 3
  • Lorn
  • 1-Dec-2010 at 9:43 AM
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Remember 1201 is the 1.618 of Monday's range. 1207.75 would be the 2.000 number.
  • 0
  • BruceM
  • 1-Dec-2010 at 9:48 AM
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I'm watching for signs of the failed breakout of the bigger "C" pattern.....above the 1200...but prefer the 1202 number...air below now...that is harder air as it if from first 5 minute bar and an open outside of range
  • 1
  • MonkeyMeat
  • 1-Dec-2010 at 9:51 AM
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also have price action resistance at 1200-1201 with Wkly R1 at 1201.25 (and obviously 1200 as a "round" number) ... next price action resistance level I have above is 1205-1206 area
  • 0
  • BruceM
  • 1-Dec-2010 at 9:59 AM
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small short 01.75..very small ..reports...core short will go at 1206.....with air pocket if it forms...targeting 97.50...all signs point to trend so agressive on fades is high risk
  • 1
  • BruceM
  • 1-Dec-2010 at 10:10 AM
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so far it seems that nobody is interested in trade OUTSIDE the "C" pattern highs...at least based on volume...the day is young...just covered at 99.25....nothing working...will resell on test higher if it comes with low volume again
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  • BruceM
  • 1-Dec-2010 at 10:20 AM
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hey lorn is CD way above now that level or is it still divergent and lower...implying that we may regress back to the mean
  • 1
  • Lorn
  • 1-Dec-2010 at 10:36 AM
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CD picture is showing a higher resistance level reached on the spurt up from the open. Pulled back now into what might be considered support from YD high....


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footprint 12012010a
  • 1
  • BruceM
  • 1-Dec-2010 at 10:44 AM
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This just popped into my brain while I'll sit here.......have you ever put a Market profile chart on the Cummulative delta....via TPO's....just throwing that out there...

I'm selling above 1200 now......new highs will scare me out most likely unless volume drops off.....stuck in hour range ...AGAIN...boring!!
  • 1
  • Lorn
  • 1-Dec-2010 at 2:03 PM
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haha! That is a new saying for sure....

"When it trends we will lose!"

Originally posted by BruceM

so now we have three magnets below:

1) quads
2) triples
3) single print complete fill

and when it trends we will lose!
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