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 !!

if we go that low i will buy 1493.75 rat

a bit better chance of catching the long as NQ didn't make new lows and volume dried up..that 99.75 is still the trouble/target

trying from 96 even..this is the first


EDIT ::: 2nd cumulative delta divergence of the down move with a good delta flip...&%$% hard to type and do this crap !!

getting out on most at 98.50 now volume cluster here...note how targets become previous failed entry points...There is a reason !!

trying to see if they can tag 1500 with vwap at 1501..two runners left so not able to do much here

peak volume flipped from 1506 to 1498.25....they may need to digest that a bit and test it a bunch...can't expect too much up here now

biggest volume of the day happened at 99.75 so I'm using 98.50 - 1501 as my critical zone and best not to initiate in here

covered last at 98.25...no good clue while stuck in this volume

CD is showing no aggressive selling on this current drop..no signal yet but the dow is trying to lead this too much today...expecting another retest of the 98 area..this 96 area is interesting today

ym and es but not NQ delta way off low so will hunt for longs down here and keeping it real small..terrible time of day and don't want to get fooled too bad now by CD

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