Out of Steam?

Out of steam? Thats what I'm counting on, Short from around 1278.75 looking for 1250is levels. I've got some major resistance 1279-1282 plus the market hiting some old tops from 07/09.....

80.75 is my best fill so far and I only have two measly contracts left so I don't have high hopes...will target new lows if we don't get back to that high volume zone at 85 - 87 again...the single prints are filled in so this may be doable...still the dow leading down makes this a harder trade in general..

Single prints?? I have never heard of that. Its going to take a couple of trys to get thru this 80.75-79 level. I am all out @ 81 thats Square root -.146 from high.

That's market profile stuff Joe...you can do a search on this Forum...based on 30 minute bars.....basically there is no overlap on 30 minute bars on a push in a certain direction...if that push is filled in later on then the market should move in the filled in direction...let me know if you don't find it and I will try to give a better explaination later...in this case the short side should prevail for new lows....in theroy...lol

this is a good place to start on singles

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=1227&SearchTerms=single,prints

Markets are well below the 1279ish level. Took more than a couple times of hitting it to get below, It hit it from 12:00 yesterday until 9:50 this A.M. were now down over 20 points from the high @ 1291.

once again a slight Dow lead but not as much as yesterday...we still need the naz to roll over and some of those damn bank stocks....otherwise more consolidation.....I'm frozen with no trades yet today

1266 - 1267 is my first support level...beyond that I only have 1261....good luck today Joe

Bruce,

Thanks for the info on the single prints. There were some single prints today @ 1270.25-1269.75 and @ 1257.5 correct? And do are they viod for the next day?

Here's the Market Profile for the ES for today (24 July 2008)

[1283.75] D

[1283.50] D

[1283.25] D

[1283.00] D

[1282.75] D

[1282.50] D

[1282.25] D

[1282.00] D

[1281.75] D

[1281.50] D

[1281.25] D

[1281.00] D

[1280.75] D

[1280.50] D

[1280.25] D

[1280.00] D

[1279.75] D

[1279.50] D

[1279.25] D

[1279.00] D

[1278.75] D

[1278.50] D

[1278.25] D

[1278.00] D

[1277.75] D

[1277.50] D

[1277.25] D

[1277.00] DE

[1276.75] DE

[1276.50] DE

[1276.25] DE

[1276.00] DE

[1275.75] DE

[1275.50] DE

[1275.25] DE

[1275.00] EF

[1274.75] EF

[1274.50] EF

[1274.25] EF

[1274.00] EF

[1273.75] EF

[1273.50] EF

[1273.25] EF

[1273.00] EF

[1272.75] EFG [DVAH]

[1272.50] EFG

[1272.25] EFG

[1272.00] EFG

[1271.75] EFG

[1271.50] EFG

[1271.25] EFG

[1271.00] EG

[1270.75] EG

[1270.50] EG

[1270.25] G        (this is a single print)

[1270.00] G

[1269.75] G

[1269.50] GI

[1269.25] GI

[1269.00] GI

[1268.75] GHI

[1268.50] GHI

[1268.25] GHIJ

[1268.00] GHIJ

[1267.75] GHIJ

[1267.50] GHIJK

[1267.25] GHIJK

[1267.00] GHIJK

[1266.75] GHIJKL [DPOC]

[1266.50] GHIJKL

[1266.25] GHIJKL

[1266.00] GHIJKL

[1265.75] GHIJKL

[1265.50] HJKLM

[1265.25] HJKLM

[1265.00] HJKLM

[1264.75] JKLM

[1264.50] JKLM

[1264.25] JKLM

[1264.00] JKLM

[1263.75] JKLM

[1263.50] LM

[1263.25] MP

[1263.00] MP

[1262.75] MP

[1262.50] MP

[1262.25] MP

[1262.00] MP

[1261.75] MNP

[1261.50] MNP

[1261.25] MNP

[1261.00] MNP

[1260.75] MNP

[1260.50] MNP

[1260.25] MNP

[1260.00] MNP

[1259.75] MNP

[1259.50] NP

[1259.25] NP

[1259.00] NP

[1258.75] NP

[1258.50] NP

[1258.25] NP

[1258.00] NP

[1257.75] NP

[1257.50] P        (this is a single print)

[1257.25] PQ

[1257.00] PQ

[1256.75] PQ

[1256.50] PQ

[1256.25] PQ

[1256.00] PQ

[1255.75] PQ

[1255.50] PQ

[1255.25] Q [DVAL]

[1255.00] Q

[1254.75] Q

[1254.50] Q

[1254.25] Q

[1254.00] QR

[1253.75] QR

[1253.50] QR

[1253.25] QR

[1253.00] QR

[1252.75] QR

[1252.50] QR

[1252.25] QR

[1252.00] QR

[1251.75] QR

[1251.50] QR

[1251.25] QR

[1251.00] Q

The Single Prints were 1270.25 and 1257.50. You count from where the Single Print started and not where it ends. This is the break-away price and becomes the resistance (in this case) when next tested (still valid many days after created) or support if created below.

DayTrading;

Good lesson thanks for the help

What a great run i love this "bear" market...51.5 ES pts in a day and a 1/2. Markets hit a bumb @ 1313.5 right above the Wpivot and 1315 Is major Sq of nine, and 1307 is a monthly pivot with a very nice doji and weaking MP today, filling in singles from today at the 12:00 bar and 11:30 bar. After going long for so long its tuff to pull the trigger at times and step in front of the bull train, but once again proved worth it.