ES 5-10-17


Making this on Tuesday night for Wednesday trade...hoping to refine areas if time before market opens in the morning
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edit : Update 9:18 Wednesday morning
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please let me know if you can hear these
Originally posted by BruceM

now all we need it to have buyers get tired of playing with the POC and the pivot number and we should be able to see some selling down to at least 93.75

i did see 93.75 as i was bidding there to cover the short but i think my reasons are totally different

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Originally posted by BruceM

the astute trader will realize that there is a gap in the data that sits up at 96.25 ( confirmed on two sources) ....so I think we have two scenarios.

1) we go up and fill in that gap and then break the ledge down at 94 or 2) we break the ledge and then expect price to find support and go back up and take out the 96.25


I'm hoping it is scenario two and I wont bother trying the long but know many who will and will use the 92 - 94 area as support to try the long side trade

i guess i am not astute as yet hope to become one. I dont see the gap. pls can you post a picture at your free time. i dont understand the ledge. thanks
Originally posted by BruceM

cool...almost perfect short trade....I'm sitting out any long try for that 96.25 gap but would be using 92- 94 as a support zone...u really don't want see it hitting under 92 now if you are trying the aggressive long....remember gaps in the data are my least favorite nuance !

i dont see the gap.. overnight it went to that.
i am not sure i understand a ledge is it a tall line with a long horizontal line? if i understand! (which i probably dont) how long (approx) should the vertical line be and and the horizontal be for a ledge?
Originally posted by BruceM

Your question from yesterday...I like the one minute for the opening range...some prefer 5 minute but to me one minute is more suited to my style and what I have gotten use to
Originally posted by Padmaja

oh i see above


thanks
Originally posted by Padmaja

Originally posted by BruceM

here is ledge at "E, F and G" period lows...in theory we should see those get taken out


I missed that for i shorted 95.75 for a different reason will post from TOS. but my target was 94 for your reasons. this was extremely helpful

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last but not least ur videos are superb and helping...thanks for taking the time.
Originally posted by Padmaja

Originally posted by BruceM

cool...almost perfect short trade....I'm sitting out any long try for that 96.25 gap but would be using 92- 94 as a support zone...u really don't want see it hitting under 92 now if you are trying the aggressive long....remember gaps in the data are my least favorite nuance !

i dont see the gap.. overnight it went to that.

how do i edit the message it does not let me so i have to keep quoting to make changes?
Originally posted by Padmaja

Originally posted by BruceM

cool...almost perfect short trade....I'm sitting out any long try for that 96.25 gap but would be using 92- 94 as a support zone...u really don't want see it hitting under 92 now if you are trying the aggressive long....remember gaps in the data are my least favorite nuance !

i dont see the gap.. overnight it went to that.


pls ignore this.. i cant change it or delete this.