ES Mon 8-29-11


From Friday's session both of the single prints failed (thick dashed red lines on chart) and would/should have been stopped out at a loss. Let me know if you saw anything different for the single prints.

Sunday evening opening has the market trading above the VAH. If we stay up there and open above the VAH then this is a buy price if we come back down to it. As always confirm with other signals as I'm just summarizing a Market Profile strategy here. Way down below us is the 1131 even single print that's still alive.

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ES overnight 29 August 2011
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  • Lisa P
  • 29-Aug-2011 at 9:52 AM
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SHort 1196 (top of the single print). Expect market to fill thinly-traded area below. Small stop as market is strong. Note, there is low volume until at least noon - big traders will start later today due to weather-related disruptions.

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2011 08 290945
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  • DavidS
  • 29-Aug-2011 at 12:05 PM
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Parabolic move so far and can continue.
1298 the level to break and hold.Needs to exceed that previous high
at 1206 area.1229 targets if it can.Might not be today.
A kind market would let shorts out. Doesn't look kind yet.
1298
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  • DavidS
  • 29-Aug-2011 at 12:11 PM
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Sorry, meant 1198
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  • Lisa P
  • 29-Aug-2011 at 12:39 PM
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the other side - on 8/17

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2011 08 291237
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  • Lisa P
  • 29-Aug-2011 at 1:00 PM
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Low volume retest of that old Low Volume node at 1201.75. SHort with a mall stop

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2011 08 291259
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  • Lisa P
  • 29-Aug-2011 at 1:13 PM
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stopped out
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  • DavidS
  • 29-Aug-2011 at 1:18 PM
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Is that a low volume area around 1207?
Thanks for the charts! I think a lot of readers appreciate your time and effort.
Originally posted by Lisa P

the other side - on 8/17

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2011 08 291237

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  • Lisa P
  • 29-Aug-2011 at 1:30 PM
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No, I meant LV node at 1201.75 (green line on my chart).

Thanks for you kind words.

Originally posted by DavidS

Is that a low volume area around 1207?
Thanks for the charts! I think a lot of readers appreciate your time and effort.
Originally posted by Lisa P

the other side - on 8/17

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2011 08 291237


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  • Lisa P
  • 29-Aug-2011 at 1:35 PM
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Re-entered short. Forgot to look at INDU - it hit 11500 when this volume popped up

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2011 08 291333
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  • Lisa P
  • 29-Aug-2011 at 1:57 PM
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closed this trade at 1200, low volume node


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2011 08 291356
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  • destiny
  • 29-Aug-2011 at 11:53 PM
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Thanks for sharing your levels, Monkeymeat.
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