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ES Trading for 11-2-11


These are the low volume areas where I will look to initiate, given Market Delta signal.


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noname
I just look at the 5 minute bars ...we had 4 bars with highs at those prices.....then a fifth one after I hit target....that is too obvious....so they will push to take those out.....need to see trade back under 31.25 to even think about shorts until hour range is run....

otherwise I will wait to see if they can run out the hour highs... ideal up into 37.50 to start thinking of shorts again...but if we still have the low volume node at 33.50 then we can try lighter trades with signals and use that area as a target on an hour high breakout
VPOC (volume)is at 1235.50
trying from 37.50...gonna be early I think..air below and low vol at 33.50....this key zozone runs up into 40 print for me
targteing 35.25......still strong though so saving some ammo for higher shorts
old gap close 1238
I have singles to 1235
1237.25 is 38% ret. from yesterday's low and 1283.50 high. Price is testing it as resistance (ES has tested it overnight and it's back to test it) Overcoming 1237. 25 and testing as support (3/5 min. chart) will target 1248.00 by end of session.
Failure to find support at 1237.25 will target yesterday's low and much lower in few days.

ES trading now 1235.75 @ 11:45
flat down here...was very uncomfortable with this hold esecially with that multiple top at 38.75...nice air fill though back to hour highs
ES tested 1237.00 at 12:40 and failed to overcome it. short 1236.50 Stp now at B.E.
For E.W. traders. 10M, chart we are in 3rd wave down. Count void if above 1238.75. first objective 1220.00 .- supports for trade evaluation 1227 area. 1223.00, 1220.00.

Below 1220. -. 1216.00 and 1208.50

ES now trading 1230.75 @ 12:57

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




Originally posted by sandoxe

1237.25 is 38% ret. from yesterday's low and 1283.50 high. Price is testing it as resistance (ES has tested it overnight and it's back to test it) Overcoming 1237. 25 and testing as support (3/5 min. chart) will target 1248.00 by end of session.
Failure to find support at 1237.25 will target yesterday's low and much lower in few days.

ES trading now 1235.75 @ 11:45
spending time back in our key 29 - 31 needs to start thinking about shorts now and possible neutral day trading, gap fills, the 20 - 21 area
I want just the opposite....please post MORE.....this would be typical of the fib traders when backed into a corner....they would want an excuse to not have to demonstrate over time that they can trade fibs real time. They would want to stop posting!

I've busted my hump here for years posting my trades and my thoughts as close to my entires as I possibly can. Good and bad...folks should see that the first 90 minutes are my thing and then after that my trades don't work as well. It gets ugly sometimes...So now you have a great opportunity...to either rise above and prove it can be done with fibs...or back down....

we'll see how this plays out...usually it is some "after the fact " stuff that gets posted...

I'm heading out for some overdue family vacations so won't be posting for a few weeks or trading. I want nothing more than to have a forum where there is lots of cool and educational stuff that folks can try to learn from and duplicate over time.

All methods and ideas are always welcome here but posting some lines on the chart after the fact doesn't do much. Mp isn't the only answer but is for me...no big deal really... I'm always looking to learn too and I'm just not learning anything about actual trading from the fib posts. Perhaps that can change.

I wish everyone the best and don't want to continue an "argument". No extra words or comebacks to me please. Lets just move forward from here. The proof will be in the posts.

Bruce


EDIT: I'm sending Sandxe a private message so there is no way to avoid this post.
Originally posted by sandoxe

Hey, Bruce, there's no need for me to post. I really thought we can all work together, but I can see that I was wrong.-. You have people here that needs you. I will stop posting, since my posts are not really for this forum.




Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, awesome, incredibly profitable trading experience!!