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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.
trading off the probability that we will need to come back for the 02.50 - 05 again...don't mind losing on these as they are good way to lose....through in an air pocket and it makes the odds even better
on my 30 min chart o/n lows of 85.5 to first hour high of 99 gave an initial projection of 207.5, so not surprising to see market stall up there...was not here to trade it unfortunately but thought it was worth mentioning

Originally posted by prestwickdrive

FWIW, KT projection from 1186.25-1192.75 gives a full projection of 1203.25
Originally posted by Lisa P

Struggling today....system crushed twice..cannot recover data for last 3 days.
Could someone post volume profile for yesterday please, when convenient.

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10 17 profile
thanks Mike
they are trying to form a second set of single prints into our next key zone.....03.75 didnot fill so we have singles...so this trade above 09 up to 11.25 is my next short zone area....bad time to keep rallying.....so I'm not expecting this to be second set to form up here
Volume

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2011 10 181250
something to be aware of at 1:15 eastern, Federal Reserve Chairman Ben Bernanke;
Description Due to deliver a speech titled "The Effects of the Great Recession on Central Bank Doctrine and Practice" at the Federal Reserve Bank's 56th Economic Conference, in Boston;
ES overcame 1209 50%. now moving towards 1221. Possibly by session's end.
1209.00 is an important support.

ES now trading 1214.00 15:01 E.T.

Originally posted by sandoxe

Price found support at the old daily support trend line we spoked about yesterday. Now a bouncyrulo to the old numbers as resistance. "the old resistance numbers from last week" 1207, 1213/14.50, 1219/21, 1229.00.
ES is about to test 1209. that's 50% ret from yesterday's range. some zig-zags in the micro world 3 to 5 points in this area....
50% is important for the bulls.-.-.

ES now trading 1206.50 11:55 E.T.

Will see, and as always, the market has the last word and in due time will show us the way.

I see for you the same I see for my self: Having the very best of luck and a fun, incredible, awesome profitable trading day!!!

Woa!! 1221.00 at yer service!! Now we use 1221 as a base for 1230.75 objective, coming up!!!
Originally posted by sandoxe

ES overcame 1209 50%. now moving towards 1221. Possibly by session's end.
1209.00 is an important support.

ES now trading 1214.00 15:01 E.T.

Originally posted by sandoxe

Price found support at the old daily support trend line we spoked about yesterday. Now a bouncyrulo to the old numbers as resistance. "the old resistance numbers from last week" 1207, 1213/14.50, 1219/21, 1229.00.
ES is about to test 1209. that's 50% ret from yesterday's range. some zig-zags in the micro world 3 to 5 points in this area....
50% is important for the bulls.-.-.

ES now trading 1206.50 11:55 E.T.

Will see, and as always, the market has the last word and in due time will show us the way.

I see for you the same I see for my self: Having the very best of luck and a fun, incredible, awesome profitable trading day!!!


Woaaaa! That 1229 resistance was like it hit a wall!! The bulls will try aether lather at sessio'n end or O/N. and jump it. ....If it fails?......where's my bear hat............

ES now trading 1222.00 at 15:18

Originally posted by sandoxe

Woa!! 1221.00 at yer service!! Now we use 1221 as a base for 1230.75 objective, coming up!!!
Originally posted by sandoxe

ES overcame 1209 50%. now moving towards 1221. Possibly by session's end.
1209.00 is an important support.

ES now trading 1214.00 15:01 E.T.

Originally posted by sandoxe

Price found support at the old daily support trend line we spoked about yesterday. Now a bouncyrulo to the old numbers as resistance. "the old resistance numbers from last week" 1207, 1213/14.50, 1219/21, 1229.00.
ES is about to test 1209. that's 50% ret from yesterday's range. some zig-zags in the micro world 3 to 5 points in this area....
50% is important for the bulls.-.-.

ES now trading 1206.50 11:55 E.T.

Will see, and as always, the market has the last word and in due time will show us the way.

I see for you the same I see for my self: Having the very best of luck and a fun, incredible, awesome profitable trading day!!!



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!