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ES Thu 8-18-11


Single print left behind above us a 1194.75 in the H bracket on 8/17 (Wednesday). Coincidence that Wednesday's Market Profile long trade at the market was from the VAH at 1195.25 and now that support price has become a resistance line?

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ES overnight 18 August 2011
did you have any downside projection falling in the 131 area low ?

Originally posted by prestwickdrive

FWIW, the KT full projection off of the 1131.0 low to the 1137.75 inflection high is 1148.75.
am I see that rite bruce
Lows from 33.25 till the 48.25 area LOW TO LOW
EuroZone closed, thank G-d
Originally posted by ayn

did you have any downside projection falling in the 131 area low ?

Originally posted by prestwickdrive

FWIW, the KT full projection off of the 1131.0 low to the 1137.75 inflection high is 1148.75.



No. I could probably find an inflection from the Globex high that would get there retroactively but it would not be honest. :-)

From the cycle high 1148 - 1145.25 we had an initial of 1143.5 and a full of 1140.75. That full has now been negated on the topping of 48.0. It may still get there but I would work a new projection off of an inflection now from 48.25. If down projections start to consistently fail it tends to signal the down trend has reversed. Likewise with failed up projections signaling a trend change.

I am done for the day. Good trading to all.
u got it...right on !!
Originally posted by della

If im rite we move back up to test that pocket of low VOL area from 43.50 to around 48.25 triing to move on it now

Chicago floor trader: "That "soft landing" Bernanke promissed, now looks like a concrete patch". lol
I believe we may test the lows today in that area of high vol now witch way will it go up or down 42.50 now
can anyone please post last week's M-Profile. No rush
Bruse you were talking about 39.00 this morning I see high vol there they worked that area pritty good
Big Mike,
question 1)

The market will not always blow past a low volume node and go to the high volume node . Quite often it just over shoots it and then I get the signal to get short or long. The overshoot runs out the stops from the people who are expecting the market to stop right at the low volume zone. You will see this quite often at single prints for example. Many use fixed stops on that trade and often they get taken out and the market returns to the low volume zone.

question 2) Correct..I used that day because it was below the open of yesterday so I want to know where the key numbers are below and above the open price so I have some references to work from