ES 8-29-16

here is how last week looked as per time: Magic number for me in early trade is 68.5...key numbers for me will be 72 - 74 on upside and 64 - 66 on downside. 98 % chance we get either the overnight midpoint or one of the extremes of the overnight....will edit this to add more if I have time before rth opens



I like the idea of trading for the 68.50 as long as 72 - 74 holds back price...we have Overnight high up at 72 area now too...

I'm going to copy and paste some pitbull ideas into this post just to throw out more ideas


I have pitbull threads on the forum based on open print but here is original ideas

pitbull basics

Method was based on big contract and the opening range was called in for. So my teacher
physically picked up a phone to get OR and it was NOT a time period.

Key ideas.

7:30 - 9:30 he called computer session
4:30 from last trade day to current 9:30 open he called overnight

a window run was when market went 2.5 points or more and then returned to the OR

A FULL window run was if we went 2.5 points above AND below the Open - he stopped trading after this

Setups - Wait for a computer session or overnight session extreme to be run out then this

1) If plus 5.5 hits then sell the plus 4 and target 1.5 points ( he always used 1.5 points on big contract)
2) If Plus 4 hits then sell the plus 2.5 and target 1.5 points
3) REverese if we drop down frist and take out computer session or overnight low first then look for buys

4) Exceptions.....if no range is run and we go at least 2.5 points up or down then it is ok to
sell/ buy the open print as long as you are prepared to add to a trade - this is the most aggressive
trades of all and prone to whipsaws

a look at the gap in data....key zone is still above...I don't have the 76 that is developing as a key area marked...there is also a ledge at 75.25 that I would really like to see them run...then of course is my low time retest that I want at 72 - 74...and so far NONE of these have happened...so sticking with sells

gap in data is filled..c'mon sellers get a move on........do something up here...that 76 is gonna torture us all...I'm just trying to take very small pieces now ever since my first failed trade...will $ ticks start making lower highs and lower lows ??? that might help...unfortunately not a great high as they all match and show no impulse

even more of a ledge at 75.25 now...if we had a better high in place i would be adding to shorts but that high is a concern and not worth adding in now

gap in data at 77.25 so will sell one point above all the way up to 80.......

gap filled...last zone is the 78.50 - 80 above and I still like that ledge at 75.25....question is "Do I really want to play in overtime today after 11 a.M ?"

big mike...today your friends are getting tortured too to get 2 points off 15 minute high but I think it will come.....real question is where do they set their stop on wrong trades.....? what would be their loss point if market goes against them?

76.50 is now high time for today...moved up slightly.....so that is key price now

on last sell for today and trade for today.....this was my line and all those stops at 78.5 taken out...Big mikes folks got their 2 points depending on how they entered...trying for 76.50 poc ...lots of stuff left unfilled in my world on downside but we also know that last weeks poc sits up at 80 so will manage this for another 1/2 hour and then call it a day...tomorrow will be better and hopefully they don't trade the O/N midpoint before days end....that will set up a better probability for tomorrow....this is very thin, dangerous trade and u can "see" all that just by looking at how many swings have matching lows or highs.....just too many and if big money was in here that wouldn't happen

I'l leave u with this as I have rambled enough today....this is today up against the upper key areas from friday...interesting how a low time area from friday was a high time area off the weekly

gap in data at 80.25 and I have a loss off my 78.75 line...so trading heavy one point above that.......82 is final add point for the 80.25/////last post ...promise...c ay tomorrow...rough start to the week but will be surprised if we don't spend more time back down to the 80 area again

Usually 2 points or 2.25. I asked, nobody hung around for 2 today. 78.50 sure felt like enough.

Originally posted by BruceM

big mike...today your friends are getting tortured too to get 2 points off 15 minute high but I think it will come.....real question is where do they set their stop on wrong trades.....? what would be their loss point if market goes against them?