ES Thursday 9-7-17


  • 8
  • BruceM
  • 7-Sep-2017 at 9:03 AM
  • Rep: 216k
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Crude oil Inventories is at 11 a.m today so be careful of back and fill and slow trade prior to that...also an inside day yesterday...Video 1 goes over key areas...Video 2...which I will add goes over standard deviations for today and the upcoming week
No video below? Try this link: vid1.swf









I'm not sure I conveyed this correctly but hopefully somebody will follow my logic in using a daily SD band probability in an attempt to capture a weekly 86% probability ....much potential with options trades too
No video below? Try this link: sd_and_weekly.swf






  • 4
  • BruceM
  • 7-Sep-2017 at 12:05 PM
  • Rep: 216k
  • Posts: 19.9k
Inletcap - that was guys name at Big mikes forum....liked vwap and sd's.... a bunch worshiped him and he seemed to have some good ideas that he used.....not original but he was passing on some good ideas........like I try to do....the problem I had was with his credibility - he use to take trades from his phone from "Office " appointments or something....so I was always skeptical....many here are probably familiar with him....he disappeared...........anyone know what happened to him?
  • 4
  • BruceM
  • 7-Sep-2017 at 12:06 PM
  • Rep: 216k
  • Posts: 19.9k
cash would have to go down to 2458 if 86% prob is going to happen to downside today
  • 4
  • Aladdin
  • 7-Sep-2017 at 12:13 PM
  • Rep: 2,830
  • Posts: 270
With low volume at current POC 2464.50 and high volume at 2462.00: could POC migrate lower to 2462.00 during next 30-min period?
  • 5
  • BruceM
  • 7-Sep-2017 at 4:25 PM
  • Rep: 216k
  • Posts: 19.9k
I think it's interesting that many, including myself use a probability that states that only 15 % of the time we have inside days, inside weeks or inside months.... today we failed at the 86 % probability of printing 1/2 of a standard deviation....that only happens 14 % of the time...very close to the inside day probability and today we had both happen...fun stuff...and what is up with that 64 - 65 area ???
  • 3
  • Aladdin
  • 7-Sep-2017 at 4:33 PM
  • Rep: 2,830
  • Posts: 270
In my opinion this double inside day could result in a gap open higher tomorrow.
Especially with unemployment numbers coming out pre-market open.
And then little movement for the rest of the trading day, a so called 'professional gap'.
ShadowTrader on Tasty Trade explains the professional gap: https://www.youtube.com/watch?v=sfYN780Oa4I

So today's longs could be targeting that 2471.25 - 2473.00 gap and then 2479.75 (day high 9/1).

Just a thought...
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