ES 5-18-2011


  • 3
  • Lorn
  • 18-May-2011 at 9:27 AM
  • Rep: 16k
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O/N Volume Profile.


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onprofile05182011
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  • apk781
  • 18-May-2011 at 2:23 PM
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flat here...i did not understand the price action heading into the minutes...stocks were up (that part i understand), but the dollar index also made a run up and now is retracing as sotkcs have moved south...broken correlation between those two
  • 1
  • BruceM
  • 18-May-2011 at 2:27 PM
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thats me flat at 35.25 print...close enough..

Had 3 from 36.75 and 6 from 39.75...those are actuals... just too close to hold
  • 2
  • neoikon
  • 18-May-2011 at 2:27 PM
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Filled that Running Triple at 35.25
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  • BruceM
  • 18-May-2011 at 2:30 PM
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32.75 and 33.50 is VPOC as per time and volume so if u holders get the continued sell off then that is a good target...good luck !
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  • neoikon
  • 18-May-2011 at 2:31 PM
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  • Posts: 173
Originally posted by BruceM

32.75 and 33.50 is VPOC as per time and volume so if u holders get the continued sell off then that is a good target...good luck !


And that's R1 at 1333.00 ;]
  • 1
  • BruceM
  • 18-May-2011 at 2:36 PM
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cool..so lots of players in that area..this is too late in the day for me....once outside 60/90 minute range and previous day and Overnight ranges then my odds for a good trade go down...I just need those reference points...
  • 2
  • BruceM
  • 18-May-2011 at 2:43 PM
  • Rep: 216k
  • Posts: 19.9k
Lisa,

I had suggested on another day trading thread that you might want to make some videos of how u read the footprint..This way those who don't do the skype thing can still benefit from your knowledge....any interest on your part?


Might be very useful....and just so everyone reading is aware, Lisa has been very generous to offer skype for those looking for footprint awareness...
  • 0
  • BruceM
  • 18-May-2011 at 3:00 PM
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sellers really trying at this 34.75 - 35 area.assuming I know what this footprint is showing.....

a low volume area that sellers are trying to take over..
  • 0
  • TradeQueen
  • 18-May-2011 at 3:02 PM
  • Rep: 879
  • Posts: 204
Daniel,

You've seen my obsession for triples. It's my understanding that triples develop and price moves down.

It appears that you took the triples up. Am I seeing things properly?

Triples at 1335.25... up to 1340ish, back to current 1335.

Still trying to get it(triples) clear and your thoughts on going the opposite direction.


Originally posted by neoikon

Filled that Running Triple at 35.25
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  • BruceM
  • 18-May-2011 at 3:05 PM
  • Rep: 216k
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it seems to me that the real key to all this footprint stuff is figuring out when heavy ask volume is REALLY buying and when heavy bid volume is REALLY selling.....

It seems to lack a filter to really help us figure that crucial question out..

I see heavy Bid volume at 34.75 but it is not selling off...but by the time you figure that out the market is 1.75 - 2 points higher...
  • 0
  • Lisa P
  • 19-May-2011 at 4:05 AM
  • Rep: 6,498
  • Posts: 1,428
Originally posted by BruceM

it seems to me that the real key to all this footprint stuff is figuring out when heavy ask volume is REALLY buying and when heavy bid volume is REALLY selling.....

It seems to lack a filter to really help us figure that crucial question out..

I see heavy Bid volume at 34.75 but it is not selling off...but by the time you figure that out the market is 1.75 - 2 points higher...


Bruce, it is a bitch! Tha is what trading long at resistance is like.
But I am not going to write another long answer. Skype me...lol.
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