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ES 5-12-2011


Developing RTH volume profile for the week. Notice relative volume on the bottom increases as prices drop and decreases as prices rebound. The profile itself is interesting, kind of like clumps with not much in between.


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es30min05122011
Sliced through that 43 area, perhaps now to 46.75-48.
Long 43.75 (PP) with targets of 48.75 and 51.50. Res of 46.75 on the way.
added 46.25...still watching 30 minute close
Bruce... is this triples?
Originally posted by TradeQueen

Bruce... is this triples?

I was waiting for Bruce to answer. Personally, I am not seeing any "Running Triples" today. From my understanding, it is three, consecutive 5min bars with the same high or same low.

Daniel
Originally posted by neoikon

Originally posted by TradeQueen

Bruce... is this triples?

I was waiting for Bruce to answer. Personally, I am not seeing any "Running Triples" today. From my understanding, it is three, consecutive 5min bars with the same high or same low.

Daniel

I appreciate that. I'm one who just should not post yet. I got excited because I thought I seen something coming, re read the dictionary and once again realized I've got to keep the mouth closed. sorry.
Originally posted by TradeQueen
I appreciate that. I'm one who just should not post yet. I got excited because I thought I seen something coming, re read the dictionary and once again realized I've got to keep the mouth closed. sorry.



I've only been here 2-3 days. We're all here to learn and/or help each other, so I wouldn't worry about asking questions. So far, everyone here seems very knowledgeable and accepting.

Daniel
You ever been in a class where the instructor says, no question is to dumb and someone raises their hand and asks a question? You and everyone else in the room think, wow that was a dumb question!

Lately.. that's me. Not proud of it, but it is kinda funny.

Everyone here is very nice! I hope to keep it that way!
just noticed, if this holds as the H,48.57, symmetrical move based on yest 4:15 close
Like with most sup/res, they aren't always exact. Sometimes it comes in a little short and looks like a 50%, sometimes it goes a little long and gets closer to the 61.8%. But in all, I feel more comfortable with the 52.8.

BUT, you have to make sure you are measuring from the right direction. 52.8 in one direction is the 47.2 in the other direction. Using today's data, measuring from the PP up to R1, you see support at that 52.8 level. If I had measured from R1 to PP, then the level would be too high.



I have a script that auto-calcs the fib levels between the pivot levels. For example, if I double click in between PP and R1 (but closer to R1) then the levels are calculated originating from R1. If I click closer to PP, then they are outputted originating from PP, etc. Great time saver.

Can you expand more on what you mean about "combining momentum with the pivots"?

Daniel


Originally posted by grednfer

Neo....
Its good to hear someone from the pivot site actually uses these thingees.......I have an algo background....and have only recently incorporated a pivots (go figure right?).....I really like it.....Simple, easy to calc and visualize and TEST!, yet dynamic.....

I've haven't tried the 52% factor, but I use 50% just like another pivot.......it pops up alot.

Like tonight....NQ AH top is 2308=((R1-PP)*.5)+PP......its works alot....

I really like combining momentum with the pivots....but I have to adjust the numbers so I get movement through the pivot....I haven't perfected that yet(need more data).....Its just a fixed adjustment....on ES it seems to be 1.5-2 points....

Very Cool.....