ES Thursday 9-29-11


  • 8
  • BruceM
  • 28-Sep-2011 at 8:45 PM
  • Rep: 216k
  • Posts: 19.9k
I thought that we could use a refresher and some basics in case we have some new folks here. Most will know this stuff but hopefuly this will inspire some questions or help clear up any questions regarding the use of high and low volume in your analysis. Here is todays chart with the key areas labelled for Thursdays trade.
Click image for original size
highlow001
  • 0
  • Futurestr8r
  • 29-Sep-2011 at 10:28 AM
  • Rep: 50
  • Posts: 24
57.75 Projected IBLO based on average
  • 0
  • BruceM
  • 29-Sep-2011 at 10:29 AM
  • Rep: 216k
  • Posts: 19.9k
Market Delta......we have the VA low at 57 and that peak volume at 55...so trying a buy below the IB low into that range is worth it with a signal
  • 0
  • BruceM
  • 29-Sep-2011 at 10:30 AM
  • Rep: 216k
  • Posts: 19.9k
low volume exists up at 60 so if we get the long we want to be out in front of that number
  • 0
  • BruceM
  • 29-Sep-2011 at 10:34 AM
  • Rep: 216k
  • Posts: 19.9k
this is where I get impatient...a breakout of the IB low into the key zone with air above....looking long near 55.75
  • 0
  • Futurestr8r
  • 29-Sep-2011 at 10:35 AM
  • Rep: 50
  • Posts: 24
I'm Long 56.26 looking for test of 60 HVN
  • 0
  • Futurestr8r
  • 29-Sep-2011 at 10:36 AM
  • Rep: 50
  • Posts: 24
56.25 I really am licking chops at 54.75 to add
  • 0
  • della
  • 29-Sep-2011 at 10:42 AM
  • Rep: 550
  • Posts: 588
Anything on foot prints ???
  • 0
  • Futurestr8r
  • 29-Sep-2011 at 10:44 AM
  • Rep: 50
  • Posts: 24
I don't like this action, pulled 54.75 Gonna sit out for a bit & recalculate
  • 1
  • BruceM
  • 29-Sep-2011 at 11:15 AM
  • Rep: 216k
  • Posts: 19.9k
most can see how the better trades worked at the low volume area with targets back into high volume areas...like the 70 and the 52.50 areas..my 55.75 went nowhere quick..that was high volume..

I have a 51.75 that is trying to work magic...but my trade isn't important...look at the areas.....

This is a trading "poster child" day for setups...study it careful in relation to the areas on page one....think of the bell curve
  • 0
  • Futurestr8r
  • 29-Sep-2011 at 11:21 AM
  • Rep: 50
  • Posts: 24
Slice through LVN to get caught up in HVN, remember today being holiday a lot are gone
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