ES Wednesday 12-17-2014


  • 2
  • NewKid
  • 17-Dec-2014 at 8:20 AM
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Yesterday we hit the 1.28 SD upper band. Here are today's numbers. Good luck to everyone.

Click image for original size
iv121714
  • 0
  • NewKid
  • 17-Dec-2014 at 12:26 PM
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in hindsight that was a nice juicy LVN just above the VAH so definitely worth a shot. something new to remember
  • 0
  • sharks57
  • 17-Dec-2014 at 12:32 PM
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Here is a composite chart I look at. You still need to validate entry points using price action or other means. These area or levels do NOT always hold up .

Click image for original size
es 03 15 610 tick 12172014
  • 1
  • BruceM
  • 17-Dec-2014 at 12:32 PM
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and leaving singles through a POC is always a no-no to me !!
  • 1
  • sharks57
  • 17-Dec-2014 at 12:34 PM
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This is the chart I am talking about

Click image for original size
es 03 15 3660 tick 12172014
  • 0
  • NewKid
  • 17-Dec-2014 at 12:37 PM
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thanks guys. i know i am asking a lot of questions but just trying to understand your thought process here. all good stuff!
  • 0
  • BruceM
  • 17-Dec-2014 at 1:06 PM
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sharks...when u have a chance I wonder if you could give give me your thoughts on selecting the correct composite to include on the charts....that has always baffled me and one of a few reasons I don't subscribe to better volume data....it seems to be too much discretion...I'd be curious as to what you think and I know you use to follow ft71 t who is a big composite fan....no rush
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  • BruceM
  • 17-Dec-2014 at 1:11 PM
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if you look at current week time profile you see a nice bell with edges at up near 95 and below near 76 and we are trading in the center !!
  • 0
  • NewKid
  • 17-Dec-2014 at 1:30 PM
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are folks planning on trading the FOMC announcement?
  • 0
  • BruceM
  • 17-Dec-2014 at 1:41 PM
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I'm not, but doing another options experiment with selling the 205 spy call and selling 193 spy put ...weekly option...I want to see if volatility collapses soon after fed report....they are worth about .36 between the two of them.....all in fun
  • 2
  • PAUL9
  • 17-Dec-2014 at 1:41 PM
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Do I plan to trade the Fed ANNC?
no.

but I'll watch... it could be a real roller coaster ride with one way then the other and then back again...

I can hear Janet Yellen’s voice right now.....

Santa Claus is coming to town.

He eases when your sleeping
He knows what path to pave

He knows if you went short or not
So be long and ride the wave.

Hey

Ya better watch out, Ya better not sell
Ya better not short cause you’ll go to hell

Santa Claus is coming to town.
  • 0
  • BruceM
  • 17-Dec-2014 at 4:57 PM
  • Rep: 216k
  • Posts: 19.9k
for those interested I kicked off tomorrows thread with a quick overview of trades and questions from Tuesday...
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