ES Monday 2-13-12


Please vote on the question "Is Day Trading Gambling?" on the MyPivots Facebook Fan page:
http://www.facebook.com/questions/325889247446134/

I noticed on Friday's topic there was some back and forth in the comments that wasn't trading related. Please resist the temptation to engage in that type of chatter. Everyone finds it distracting and it doesn't add value. If someone posts something that has nothing to do with the topic of trading and you feel it shouldn't be there then feel free to let them know by voting down that post instead of responding.

Good trading everyone!
  • 0
  • khamore1
  • 13-Feb-2012 at 12:36 PM
  • Rep: 593
  • Posts: 216
Bruce is the area between 44.00 and 44.50 considered air? And if so do you give any weight for the “air” size being too small or large?
Your input greatly appreciated
  • 1
  • BruceM
  • 13-Feb-2012 at 12:52 PM
  • Rep: 216k
  • Posts: 19.9k
no david it isn't air based on the definition and TIME but it is low volume based on volume alone...does that make sense ?
  • 0
  • khamore1
  • 13-Feb-2012 at 12:55 PM
  • Rep: 593
  • Posts: 216
Originally posted by BruceM

no david it isn't air based on the definition and TIME but it is low volume based on volume alone...does that make sense ?


No. it doesn't

Now I have to go back and learn again what is the defintion of "air"
  • 0
  • BruceM
  • 13-Feb-2012 at 12:55 PM
  • Rep: 216k
  • Posts: 19.9k
big bell with 46 as the center of volume
  • 0
  • bkay59
  • 13-Feb-2012 at 1:13 PM
  • Rep: 2,620
  • Posts: 497
Originally posted by khamore1

Originally posted by BruceM

no david it isn't air based on the definition and TIME but it is low volume based on volume alone...does that make sense ?


No. it doesn't

Now I have to go back and learn again what is the defintion of "air"

khamore, I'll take a stab at it. If you look at the 5 min chart the 12:55 bar high is 1347.25, the next bar(13:00) closes and the third bar's (13:05)low is 1347.50 creating .25 air
  • 0
  • khamore1
  • 13-Feb-2012 at 1:21 PM
  • Rep: 593
  • Posts: 216
Originally posted by bkay59

Originally posted by khamore1

Originally posted by BruceM

no david it isn't air based on the definition and TIME but it is low volume based on volume alone...does that make sense ?


No. it doesn't

Now I have to go back and learn again what is the defintion of "air"

khamore, I'll take a stab at it. If you look at the 5 min chart the 12:55 bar high is 1347.25, the next bar(13:00) closes and the third bar's (13:05)low is 1347.50 creating .25 air


If what you describe here is "air" than the 44.00 and 44.50 should be "air" as well
I'm all confused now
  • 0
  • bkay59
  • 13-Feb-2012 at 1:23 PM
  • Rep: 2,620
  • Posts: 497
Originally posted by khamore1

Originally posted by bkay59

Originally posted by khamore1

Originally posted by BruceM

no david it isn't air based on the definition and TIME but it is low volume based on volume alone...does that make sense ?


No. it doesn't

Now I have to go back and learn again what is the defintion of "air"
khamore, I'll take a stab at it. If you look at the 5 min chart the 12:55 bar high is 1347.25, the next bar(13:00) closes and the third bar's (13:05)low is 1347.50 creating .25 air


If what you describe here is "air" than the 44.00 and 44.50 should be "air" as well
I'm all confused now

If you are referring to the 10:45-10:55 time frame then by my understanding that too would be air. So maybe I'm missing something.
  • 0
  • bkay59
  • 13-Feb-2012 at 1:25 PM
  • Rep: 2,620
  • Posts: 497
Sorry, messed up my quote. 10:45 t0 10:55 I would call air also. Maybe were both missing something
  • 3
  • BruceM
  • 13-Feb-2012 at 1:26 PM
  • Rep: 216k
  • Posts: 19.9k
air can only be CREATED when we make new lows or highs on the regular trading session for the first time....it doesn';t happen inside of a range
  • 0
  • khamore1
  • 13-Feb-2012 at 1:28 PM
  • Rep: 593
  • Posts: 216
Originally posted by bkay59

Sorry, messed up my quote. 10:45 t0 10:55 I would call air also. Maybe were both missing something


Bruce already said this area is not "air" I guess both of us have to go back and learn
khamore1 and anybody else who wants to discuss the unfairness of down voting on posts or the voting system on the forum please continue your discussion here:

http://www.mypivots.com/board/topic/7260/-1/ego-trading-and-voting

I have deleted the off-topic voting discussion from the topic and will do the same in the future and request that the moderators also do this if they see off-topic voting discussion going on here.

Let's focus on trading in this topic and keep the off-topic chatter in the trader's lounge.
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