ES Day Trading 5-25-2011


  • 5
  • Lorn
  • 25-May-2011 at 8:43 AM
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Two vprofiles on this chart. Last weeks and the developing one for this week. Tight range so far this week and the bell curve shaped profile signaling a fight between bulls and bears. Interesting to note VPOC is below last weeks range.



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es30min05242011
  • 1
  • Lisa P
  • 25-May-2011 at 10:47 AM
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Update

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2011 05 251046
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  • koolblue
  • 25-May-2011 at 10:51 AM
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Nice chart, Lisa... the actual target here is 1314.50, but im still bailing early(if they let me!)
  • 1
  • BruceM
  • 25-May-2011 at 10:52 AM
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if this 30 minute bar closes without the retest we will have single prints that bigger traders will watch...I like to trade for those to fill in especially when inside the previous days range...


if single prints form outside of the range then those are harder to fill
  • 1
  • BruceM
  • 25-May-2011 at 10:54 AM
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this will only be first set of singles.....if it was second set then it would be a GIVEN...almost, that I would be trading for them..


will add above the 90 minute highs if needed......
  • 2
  • BruceM
  • 25-May-2011 at 10:56 AM
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some days it just feels like they know where our targets are...this may be one of them..
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  • BruceM
  • 25-May-2011 at 10:59 AM
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added at 16.50.....still light
  • 1
  • BruceM
  • 25-May-2011 at 11:03 AM
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potential for single prints now that this bar has closed...ideal add would be above the 1318.75 if it prints
  • 0
  • BruceM
  • 25-May-2011 at 11:05 AM
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if you combine today and YD only for RTH trading you have what looks like the potential for a nice bell shaped distribution
  • 1
  • johnpr2010
  • 25-May-2011 at 11:08 AM
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Got it my 7 handles and going to lunch.
  • 0
  • BruceM
  • 25-May-2011 at 11:11 AM
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ideal for all of us shorts to keep this under the 90 minute highs...and let the breakout traders lose on that one
  • 0
  • ramiegram
  • 25-May-2011 at 5:05 PM
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There's divergence in this market. This is a 5 min (daily numbers: 1 SMA, 3 typical SMA, & 8 EMA. The 8's leveling off and the 1 and 3 are trying to drive prices lower. Some heavy chop swings coming down the pike.

Chop I says. 12, 16, 21, 35, 43 I says.

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snp
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