ES Thursday 1-23-14

a static chart for those who want to just quickly see some levels and a video for those who want to know why I am looking at those levels...as usual it all depends on which side of the levels we open at.....opening under 29- 30 has us watching to see if that becomes resistance for example......only unclear level is that 33.....not sure why the poc and vpoc are currently there except that splits our two key areas right down the middle..........so that may be interesting



video here



basic plan is to see on what side of the 29 - 30 zone we open.......will we drop down to it and get long to target that 33 first ?...will we open under it and then try sells on a retest from below ?.....since the 33 is in a LVN zone from Tuesday and an overnight POC we can sell that from below too but for me that would be much lighter..as I am murky on that area......I'd prefer to sell above the 35 - 37 zone and then use the 33 as a target.......

buying at 26 would target the 29 - 30...buying the 24 needs to get out quicker at 26 as we know the only zone below there is down at 21...

we are set to open right at that 29 - 30 zone..aggressive traders could take buys and sells off breaks of the first one minute high or low but you may need to take a few tries before you get on to run for ya...

I'm buying under the 26...as close to 24 as possible...and try to use 29 as a target......if wrong on longside then the shorts will push for 21...

if long off the 24 then try to get 26 first......gonna take two tries down here knowing that they may have their sites on that 20 - 21 area next

my runners are trying for 29 retest but they may need to come back out under tuesdays lows again first to see if sellers are motivated

how come whenever u want a "V" buying reversal it doesn't happen very fast ? All this chop at tuesdys lows wears on ya.........if it wasn't for coming out heavy and taking the smaller fast profit I would not be able to hold through this...for me coming out fast and heavy allows me to broaden the stop on runners ...sometimes it pays off and sometimes they just take the stop anyway but at least we have a chance to POSSIBLY get the bigger move...

this way you can even lose a liitle on runners and still have a profitable campaign.....at least this is the way I do it it sometimes so I don't get tempted to keep jumping in and out of the market...I have yet to prove to myself that coming all out at once is better for my personality.......

that's the second test on the 24 number.....it would be hard for me to justify holding for a third test down now on runners...if the buyers are coming I need them to get it going or else my patience is wearing out

stopped out at 24.50......this is a day when I would have made more money taking all contracts off at first target but we can never really know..

will try once more on longs but I need to see it print 21.25 in order to think about it....otherwise I will be done for today...all the volume is still at 26 so a likely target if no sellers are down here on the new lows

I am looking for 20.5 then 17

sounds like a good plan RB...I think they will test our 24 number so I'm trying small now on longs at that 21...gonna take three small stabs and try for 23.75....

tell me somebody was able to take the 24's out of the market.........nobody here......13 - 15 was a key area........and they took the bracket test from that point........I think I'm on my own and need to join a chat room myself ......ha !!

Originally posted by BruceM

u don't see three 30 minute highs matching in the middle of the range often...so expect 23.25 to be broken....but when ?? c ya