ES Friday 12-9-11


  • 2
  • pt_emini
  • 9-Dec-2011 at 8:33 AM
  • Rep: 5,707
  • Posts: 1,941
Yesterday the ES formed a Trend Day pattern on the market profile

As expected, this morning trade has bounced back into yesterday's range

We have a gap fill at 1230.25 (March 2012 contract)

50% of yesterday's wide range (41 ES points) is 1245.50
(below that level trend bias remains short)
  • 1
  • Lisa P
  • 9-Dec-2011 at 10:07 AM
  • Rep: 6,498
  • Posts: 1,428
Volume

Click image for original size
2011 12 091006
  • 2
  • BruceM
  • 9-Dec-2011 at 10:11 AM
  • Rep: 216k
  • Posts: 19.9k
sold 43.75 again...40.50 is target on this one....next sell area up at 46 ...
  • 1
  • BruceM
  • 9-Dec-2011 at 10:13 AM
  • Rep: 216k
  • Posts: 19.9k
$ticks strong so playing a bit smaller and quicker in general today
  • 1
  • BruceM
  • 9-Dec-2011 at 10:15 AM
  • Rep: 216k
  • Posts: 19.9k
revising target to 41...
  • 0
  • johnpr2010
  • 9-Dec-2011 at 10:30 AM
  • Rep: 2,285
  • Posts: 274
I would short @1241.25 for 2 points
  • 0
  • johnpr2010
  • 9-Dec-2011 at 10:37 AM
  • Rep: 2,285
  • Posts: 274
I see a H&S formation pattern to the downside on the 5 min and 3min charts.
  • 2
  • Lisa P
  • 9-Dec-2011 at 10:43 AM
  • Rep: 6,498
  • Posts: 1,428
Volume spike

Click image for original size
2011 12 091042
  • 2
  • BruceM
  • 9-Dec-2011 at 10:43 AM
  • Rep: 216k
  • Posts: 19.9k
the inability to hold and close well outside ( above ) that afternoon high and the inability to hold outside the O/N high is good for us shorts....

I'm holding one runner to try for 36 but we can still expect chop...so in other words...it's a hard hold
  • 2
  • BruceM
  • 9-Dec-2011 at 10:47 AM
  • Rep: 216k
  • Posts: 19.9k
we can add that being stuck inside the IB is never easy too.......so initiating is hard here and I don;t do that...holding runner(s) is hard too but mentally easier for me
  • 1
  • johnpr2010
  • 9-Dec-2011 at 10:48 AM
  • Rep: 2,285
  • Posts: 274
Click image for original size
chart
  • 1
  • Lisa P
  • 9-Dec-2011 at 3:48 PM
  • Rep: 6,498
  • Posts: 1,428
Thanks to all. Have a good weekend

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