ES Key numbers for 3-14-11


  • 3
  • BruceM
  • 13-Mar-2011 at 5:07 PM
  • Rep: 216k
  • Posts: 19.9k
Here are the key numbers from Fridays trade and a chart with the volume showing why they are key. On your own charts you can compare where your high volume is with price.

1300

1295

1288 - 1289
Click image for original size
frivolume



The upper zone not shown on the chart is up near 1308 just in case we rally in the O/N session on Sunday
  • 2
  • pt_emini
  • 14-Mar-2011 at 10:47 AM
  • Rep: 5,707
  • Posts: 1,941
Originally posted by pt_emini

Low volume node at 1289.00 on the IB break


1289.00 volume has been filled back in on this bounce off Kool's 87.00 level
  • 2
  • BruceM
  • 14-Mar-2011 at 10:48 AM
  • Rep: 216k
  • Posts: 19.9k
that was a nice air pocket they made for us.....I DIDN'T get long but used the 5 minute close as my final exit down at 87.50 as we know air pockets fill in quite often....sure wish I was better at stopping and reversing though
  • 0
  • koolblue
  • 14-Mar-2011 at 10:49 AM
  • Rep: 48.6k
  • Posts: 16k
tiniest initial move i can find on the one min is 1286.75-1289.00, so ill take oine off at 1290.00 and hold the runner for closer to 1296 (move gives 1290.25 and 1292.50)
  • 1
  • koolblue
  • 14-Mar-2011 at 10:52 AM
  • Rep: 48.6k
  • Posts: 16k
im tellin ya boys.. ya gotta look for the low today and buy for that bounce into the strong seasonals tues and wed!... imho!... one off at 1290...plus 2.75..ugh still down 2.25 on the day
  • 0
  • pt_emini
  • 14-Mar-2011 at 10:53 AM
  • Rep: 5,707
  • Posts: 1,941
Originally posted by BruceM

that was a nice air pocket they made for us.....I DIDN'T get long but used the 5 minute close as my final exit down at 87.50 as we know air pockets fill in quite often....sure wish I was better at stopping and reversing though


Excellent exit Bruce !
  • 3
  • BruceM
  • 14-Mar-2011 at 10:53 AM
  • Rep: 216k
  • Posts: 19.9k
PT you mentioned a good point with the IB....trying to buy an IB low break when we have opened inside the previous days range, have trade on both sides of the open print of today and haven't taken out the previous days low is a good trade...
  • 5
  • BruceM
  • 14-Mar-2011 at 11:05 AM
  • Rep: 216k
  • Posts: 19.9k
we had 26K volume on that big volume bar from Friday at the 88 - 89 zone....ofetn times when you see volume that is much less than that on drives sway from those areas then they come back to it multiple times...so expecting multiple tests of 88 - 89 is a good idea....UNLESS U SEE A VOLUME BAR BIGGER THAN 26 K on the down move
  • 0
  • koolblue
  • 14-Mar-2011 at 11:08 AM
  • Rep: 48.6k
  • Posts: 16k
Good point ,Bruce ..i voted that last post up!
  • 0
  • koolblue
  • 14-Mar-2011 at 11:09 AM
  • Rep: 48.6k
  • Posts: 16k
well i wimped out on my runner at 1288.00...plus .75 there and still down on the day ,looking to re buy again!...
  • 0
  • koolblue
  • 14-Mar-2011 at 11:11 AM
  • Rep: 48.6k
  • Posts: 16k
Originally posted by koolblue

well i wimped out on my runner at 1288.00...plus .75 there and still down on the day ,looking to re buy again!...
1283.25 looks do able but a retest of 1278 is certainly not out of reach!....
  • 0
  • koolblue
  • 14-Mar-2011 at 4:06 PM
  • Rep: 48.6k
  • Posts: 16k
at least thats what seasonals hint at
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