ES 2-7-13

sell area for me today is 1510 - 1511 to use 08.50 as a magnet

buy area is 06.25 for 08.50 magnet

will also watch On low but better point is 1501.50 for long trades


in this volatility we need to take profits much quicker

96 - 97.50 is further suport zone..

have nothing good above the On high but will watch the key plus 4 - 5.5 zone and the plus 8 - 10 if they ever get power back to this market !!

Nice videos Bruce,
It seems you look hard at delta flips, I do as well but hard to distinguish between flips that work and false ones. I'm starting to focus on the flips along with price divergence and some predefined levels to see if there is confluence. I see your methodology working day in and day out, I think your experience takes over.
Keep up the good work, we all have to learn in or own way.

Sharks

That's why I take muliple tries in my zones. It's not easy to pick highs and lows but we are using sound logic.


1) we define a s/r zone
2) we watch to see if delta is becoming less green on the way up ( if we are approaching a resistance number) to tell us that buyers are becoming less aggressive as we go higher

3) Then we get the flip to negative delta with higher TOTAL volume then the previous bar most times...sometimes we see bigger volume on the bar before - this can tell us that the last buyers are on the wrong side and late to the uptrend. They get trapped ..one of the reasons I will blow up those bars I showed to a classic footprint to see if I see bright green on the high but the bar tics down



For today - friday I'm using 06 as the magnet and will look for sells above the current On highs of 08.50 and will then watch 1510.50 - 1511 to see if buyers fail above that

Originally posted by sharks57

Nice videos Bruce,
It seems you look hard at delta flips, I do as well but hard to distinguish between flips that work and false ones. I'm starting to focus on the flips along with price divergence and some predefined levels to see if there is confluence. I see your methodology working day in and day out, I think your experience takes over.
Keep up the good work, we all have to learn in or own way.

Sharks