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
  • 1
  • BruceM
  • 17-Aug-2011 at 12:50 PM
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here is the $tick channel I'd like to see start falling apart some more so we are free to go up into 97 or so
Click image for original size
channel
  • 1
  • BruceM
  • 17-Aug-2011 at 1:13 PM
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NQ and ticks holding lows so trying one last long from 86.50...Value is still building higher than yesterday so I feel longs are a good probability down here...will try to get to 1190 retest to pull up and tighten
  • 0
  • Lisa P
  • 17-Aug-2011 at 1:26 PM
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All this s...t is happening on low volume
  • 1
  • BruceM
  • 17-Aug-2011 at 1:36 PM
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my low volume node from YD is 83.75...critical price....will they blow through or use it as support...? a blow through will come back up for the retest
  • 0
  • Lisa P
  • 17-Aug-2011 at 1:36 PM
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I have today's Globex low = 1183.75
  • 0
  • della
  • 17-Aug-2011 at 1:43 PM
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81.50Vah MOnday
  • 0
  • Lisa P
  • 17-Aug-2011 at 1:48 PM
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first volume this afternoon
  • 0
  • Lisa P
  • 17-Aug-2011 at 1:50 PM
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Click image for original size
2011 08 171349
  • 0
  • Lisa P
  • 17-Aug-2011 at 2:29 PM
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BRuce, hope you held that trade to 1190 - that was awsome!
  • 0
  • della
  • 17-Aug-2011 at 2:31 PM
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who said that Lisa bruce said that before from 86.00
  • 0
  • Capitalista
  • 17-Aug-2011 at 9:22 PM
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  • Posts: 24
Wow! Thank you Bruce for taking the time to answer my question with so much detail. I really appreciate it.
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