ES Wed 8-17-11


Looks like a classic Market Profile play this morning to the tick. The market opened above the value area at 1196.75 and then traded down to 1195 even which was 1 tick below the VAH (1195.25) which would have been a buy signal. Subsequent to that it has traded as high as 1206.25. So far:
Draw down: 0.25 points
Best run up: 11 points

Click image for original size
ES for 17 August 2011
  • 0
  • della
  • 17-Aug-2011 at 10:59 AM
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98.75 was the high of VAH of yesterday
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  • Lisa P
  • 17-Aug-2011 at 12:00 PM
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yest's volume POC hit - 1190
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  • della
  • 17-Aug-2011 at 12:14 PM
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Lisa at second SD on vwap band low
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  • Lisa P
  • 17-Aug-2011 at 12:17 PM
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Originally posted by della

Lisa at second SD on vwap band low


Yes, chart is parabolic
  • 1
  • Lisa P
  • 17-Aug-2011 at 12:23 PM
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OVernight volume (Value Area) is taken out. I think this is "mission accomlished".
The following chart is a split between O/N (left) and RTH (right)

Click image for original size
2011 08 171221
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  • della
  • 17-Aug-2011 at 12:28 PM
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under 85.00 i see singles there is that rite
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  • BruceM
  • 17-Aug-2011 at 12:29 PM
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looking for a 92.50 retest....this 30 minute bar would create the second set of single prints IF it closes below the low of the 12 noon ending bar....


86.25 is VA low from YD day session..... $ticks in a down channel so a higher risk fade down here
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  • BruceM
  • 17-Aug-2011 at 12:35 PM
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oh how they love to fill in low volume !!!
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  • Lisa P
  • 17-Aug-2011 at 12:37 PM
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I have one more LV node at 1193.50
  • 1
  • BruceM
  • 17-Aug-2011 at 12:47 PM
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the 3 key low volume areas are 92.50, 97.50 and 1201.50.......I agree Lisa...$tick channel is trying to bust out which implies higher trade...I'd like to see the failed push towards the lows without getting new lows.......so basically a higher low down here....it would be nice if they can resolve yesterdays 1190 POC and have that hold back the decline
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  • Capitalista
  • 17-Aug-2011 at 9:22 PM
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Wow! Thank you Bruce for taking the time to answer my question with so much detail. I really appreciate it.
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