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ES Tuesday 10-18-11


We are declining into a big bell curve that is bounded by the 94 - 95 and the 85.25 - 86....everything in between those areas is just high volume consolidation. As usual the trades we take will be based on where we open in the day session.

Other areas of interest are the 1202.50 - 1205 and then 1209 - 1211.25.

Below we have 80 - 81 and 75 - 76. You can scroll back and see previous days entries and charts but I'd really like anyone reading to find the areas on their own if they find value in these trade concepts. We don't want to depend on anyone to derive our areas.
getting long in 86.50...will take multipole stabs if needed ...air above in other key zone..
91.50 is ultimate goal as it is low volume today!!
when we blow through a key zone the theory states that we need to come back to test it...so we blew through the 94 - 95...runners will try for that if lucky
air pocket above fills with print of 93.75
flat at 91.75..this is also peak volume from a few days
beautiful Paul...luv it!!!
Originally posted by PAUL9

FWIW

Open was 1195.50

5 day average of H vs Open = 95.50 + 8.80 = 1204.25

5 day average of L vs Open = 95.50 - 8.50 = 1187.00
will try one more time on long side below 90 and then near 87.75..not averaging in...peak volume is still up at 95
this really needs to go now...and up...long players donot want to see anymore time spent near 88.75 as that may flip the VPOC down and from 95...bad for longs as that would also put it under the 91 big volume node...


beautiful...is my word of the day
i have peak volume from today at 89.5, and 91 if you take into account o/n...wonder how you see 95 as peak volume bruce
Congrats, Bruce.

I have a question, the very first post you made today cited a bell curve and the 85.25 level, but what was that from? overnight Low

multiple day VP?
I'm burned out from forum life...LOL....but I'll leave you with this today.....we had the 23.75 area marked as a long term Auction high from yesterdays thread. We also had the last low volume area from yesterday thread marked at 1217.

That news event spike blew through the 1217 without a retest at first . Some may have been thinking that my volume idea was going to fail and the 1217 was going to be passed on by. I was thinking that myself. Once we started to get back under the 23.75 long term bracket then you owed it to yourself to start thinking about the 1217 again...

main numbers as I type going into tomorrows trade will be

93.75 - 95

1202 - 1204

1207 - 1208


and 1213.75 - 1215.25 but I'm not sure that this won't be filled in before we close...we'll see

good luck!