ES Mon 8-15-11

Not much to say at 3:26 am on Monday morning. Narrow value area relative to previous days. overnight opened in the value area and is now just above it. Will need to wait for the open to see what will happen. The red dashed line is the VAH and the blue is the POC and the green is the VAL.

Housing market index at 10am:
http://www.mypivots.com/economic-events

Originally posted by della

lisa you get in down by the VWAP before??

Out at 1196.50 on "thinkened" volume - good enough for me.

very very nice lisa

i had 20500 contracts trade 95.50 the big boys

Della, I posted the wrong chart. The following is the correct one. I am not as good as Bruce at trading and posting. So here is what I saw as the "thickened" volume (asterisk in 10:23 column).



Most of the time I do not enter on "price level"; I try to enter on "enemy mistakes". SO if I am bullish, I watch for bears to make a mistake, i.e. try and fail - this adds fuel to the move. So here was my trade. I missed the first entry and took the second almost to the target.

where was the vwap at the price I have the vwap at 1191.75 rite now

I have 1192.50 for RTH VWAP

lisa looking pritty conforable above vwap

Della, we are below RTH VWAP - just bounced off it. This is what I have

RTH VWAP=1191

making move back 97.50 .75 again

tradestation has price and volume distribution that looks the same as market profile its a little hard to tell