ES 5-19-17


  • 6
  • BruceM
  • 19-May-2017 at 9:16 AM
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Numbers and zones I'm looking at...going easy today, it's friday and prefer to see some mean reversion down from the 69 - 70 area to try and get to 65.50...will be watching breakout up in case they need to put in more tpo's at that weekly low....so i will be watching Volume/Ticks closely if we come out of YD's highs


No video below? Try this link: Friday_numbers.swf








a quick look at the weekly


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how the options market is pricing moves today


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  • 4
  • BruceM
  • 19-May-2017 at 9:39 AM
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I'm looking to sell the opening range low as that will put us back UNDER the overnight highs....and if that doesn't happen then I will look for shorts in the 74 - 76 area
  • 4
  • BruceM
  • 19-May-2017 at 9:44 AM
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first 15 minute volume is high so far today so be careful on fades if you take them
  • 4
  • BruceM
  • 19-May-2017 at 9:53 AM
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starting small shorts at 78.75...remember what 79 means on weekly bar......high risk up here..I'll try for a retest of YD's highs but keeping a tight watch on this one
  • 4
  • BruceM
  • 19-May-2017 at 9:55 AM
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revising target to 75.75 ...
  • 3
  • BruceM
  • 19-May-2017 at 9:58 AM
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first 30 minute vpoc should be around 73.50....hopefully help pull this back down
  • 2
  • stocksster
  • 19-May-2017 at 10:15 AM
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Hardly any negative TICKs so far.
  • 3
  • BruceM
  • 19-May-2017 at 10:18 AM
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I added on new highs at 2380.25 ....... gap in the data at 77.50 so I'm a bit heavy up here and will take SOMETHING off at that gap...mismanaged exit earlier...... 81.75 may be target for longs pushing up here.....c/mon gap work some magic
  • 2
  • BruceM
  • 19-May-2017 at 10:21 AM
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that gap is right at total days vpoc
  • 3
  • BruceM
  • 19-May-2017 at 10:25 AM
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here is the gap in the data as we trade.....after this I'm going to sign up as a bulletproof vest tester !!!!
No video below? Try this link: gap_in_the_data_in_action.swf






  • 2
  • BruceM
  • 19-May-2017 at 10:28 AM
  • Rep: 216k
  • Posts: 19.9k
average in price for me is now 80.25 with this new probe up....
  • 1
  • BruceM
  • 19-May-2017 at 6:02 PM
  • Rep: 216k
  • Posts: 19.9k
I couldn't agree more ( not the "I'm the dumbest person I know" part) that 99 % of the time it is just better to take the loss, clear your head and try again....
Originally posted by nolt

Interesting to see your gap in data thing Bruce, thanks for sharing.
The whole averaging in thing is hard to watch for me based on personal experience. Not judging those who do it at all!! (I'm the dumbest person I know, trust me) But when I have done it in the past with very defined areas to get in, it would end up being a trend day and massive pain would occur, my account just couldn't take the beating. So now I just take my lumps and look for the next trade...and today I just shut it down because the lumps were to large and to frequent. Hate going into the weekend, as if I just spent a night in prison.
Good weekend to all!!

Thanks again Bruce for sharing your thoughts and making the vids!!
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