ES Trading for 7-6-11


  • 4
  • MonkeyMeat
  • 5-Jul-2011 at 10:27 PM
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Just posting a 30min chart (all trading hours) with Blue lines as potential significant PASR zones and White dashed lines are Weekly Pivots. It's a map for coming into Wednesday's trading and beyond. After last week's 5 up-trending days, price has been consolidating near the high of that run in the 1328-1338 range of 10 points. Here's the "picture"

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es 30m sr for 7611


Hope some folks find this useful!
  • 1
  • Lisa P
  • 6-Jul-2011 at 11:45 AM
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Mission accomplished. Those Morgan Stanley boys are anal about gap close...lol

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2011 07 061144
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  • BruceM
  • 6-Jul-2011 at 11:49 AM
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my plan is to start sells at 1335 and above...the outer fringe ( low volume)...will need to see some lower $ticks to show that the distribution of $ticks has the potential to change
  • 0
  • Lisa P
  • 6-Jul-2011 at 11:52 AM
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BruceM, plese check page 2 of this Forum for my answers to your questions.
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  • BruceM
  • 6-Jul-2011 at 11:53 AM
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thanks Lisa...we do the same things but I watch the one minute...I'll have to add the 10,000 filter for my after market research
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  • BruceM
  • 6-Jul-2011 at 11:59 AM
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do to the consolidation in the first 90 minute we need to be more conservative in our fades....air begins at 33.75 on the downside
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  • Lisa P
  • 6-Jul-2011 at 12:00 PM
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Originally posted by BruceM

thanks Lisa...we do the same things but I watch the one minute...I'll have to add the 10,000 filter for my after market research

It may or may not help, as sometimes those big orders are cummulative - several smaller orders. That is why I like P$F charts or "return" charts
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  • Lisa P
  • 6-Jul-2011 at 12:03 PM
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"Mission Accomplished" chart...lol. Of course they may stil close today's ES gap at 36.75, but you can see the volume on INDU gap close

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2011 07 061147
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  • Lisa P
  • 6-Jul-2011 at 12:06 PM
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Sorry, I posted the wrong chart - this is the "Mission accomplished" chart. I apologize.

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2011 07 061205
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  • BruceM
  • 6-Jul-2011 at 12:11 PM
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complete air fill will be at 32.50.....also remember that "air' last week was becoming support quite often....another reason to be quicker and more conservative...While I don't think the concept of air will ever change we need to respect the reversing roles it can play.

That was a 1400 tick maximum and we have divergence now with volume...a good time for retraces....over lunch in NY

I'm hoping they actually can print an OVB to the upside on the daily chart.....that will be good for us sellers...an up OVB on the daily chart after 5- 6 days up....probably asking for too much
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  • BruceM
  • 6-Jul-2011 at 1:00 PM
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starting new shorts at 36.50...that's 2 sets of single prints now
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  • BruceM
  • 6-Jul-2011 at 5:11 PM
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Lisa, that was simply making my risk equal to reward at that point when price was near 32.75....
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