ES Friday July 27th


  • 3
  • BruceM
  • 27-Jul-2012 at 8:48 AM
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Numbers I'm using


1370.50 -1372

1366 - 1367

1362.25 ****

1356

1351


1344 - 1346 ******* hopefully will have a video of this area later

1339 - 1340
  • 2
  • BruceM
  • 27-Jul-2012 at 9:12 AM
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prefer to use the 56 as a target more than an entry point
  • 1
  • NickP
  • 27-Jul-2012 at 9:14 AM
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  • Posts: 771
agree, vah from thurs is there
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  • BruceM
  • 27-Jul-2012 at 10:05 AM
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lots of volume coming in at 66.25...plan for me is to use it as selling for the 63.25 retest......if wrong they will ultimately push up to that 70 -72 area above
  • 0
  • BruceM
  • 27-Jul-2012 at 10:13 AM
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vpoc is down at 63.50 but i am not convinced we are done up here...hope we are but tricky read
  • 1
  • NickP
  • 27-Jul-2012 at 10:16 AM
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i agree, that exhaustion up at the top is not how tops (or bottom are created)...that said, i did take a short at 67 and still holding a few after some profit taking at 65...63 is secondary target for me
  • 0
  • NickP
  • 27-Jul-2012 at 10:18 AM
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if we don't take out 64.75 convincingly, then i think we are headed for new highs
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  • BruceM
  • 27-Jul-2012 at 10:19 AM
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data issue again but vpoc is at the overnight high...so this is our battle point...running out of patience and want selling to take over...if we don't get rewarded soon then we all flip over to cover and add fuel to the lucky buyers
  • 1
  • BruceM
  • 27-Jul-2012 at 10:21 AM
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  • Posts: 19.9k
$ticks not showing any selling so we are not looking great so far on this fade !


is it friday or what ???
  • 0
  • BruceM
  • 27-Jul-2012 at 10:25 AM
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took 2 points out as I am not confident....retest of 66.50 will stop runners
  • 2
  • NickP
  • 27-Jul-2012 at 10:35 AM
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  • Posts: 771
summer friday = everyone has left for the hamptons

Originally posted by BruceM

$ticks not showing any selling so we are not looking great so far on this fade !


is it friday or what ???
  • 0
  • BruceM
  • 27-Jul-2012 at 4:15 PM
  • Rep: 216k
  • Posts: 19.9k
that was great Nick...thanks 4 that...hoping to get to a video or two later
Originally posted by NickP

this is why i was looking at this 82.5-84 zone

http://www.sierrachart.com/userimages/upload_2/1343412195252.png

this weekly profile corresponds to the june contract since we had not been at the current levels (after the roll to september) up until a few minutes back...so substract 6pts from everything u see in the chart to account for the typical sprd between contracts

so, take a look first at the rectangle highlighted in the chart....taht was an open gap from 5/3 to 5/4...i knew i did not want to sell in that area becuase we could fly all the way to the top of the gap

now, the circle shows the low volume area i was interested in, right before all that volume from that week...amazing how they rejected it almost immediatly...

hope it helps

still holding the runners with stop at 83
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