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ES Tuesday 3-13-12


i will buy the 136875 with 4 point stop..
i will sell the 137650 with 4 point stop.

is everybody on march break?
fill at 137650...but its looking like a stop out is coming..target is 137375
Shorting @1378.50 as here I have a projection from 10AM initial move as 4.236%. Looking to take all out on 76.50 or 76.75.
According to mypivots.com daily notes we have an R3 exactly @1378.25. This helps in my confluences to my fib projection to be more valid.

http://www.mypivots.com/dailynotes/symbol/536/-1/e-mini-sp500-june-2012

The average on the full range RTH movement from the last 6 days excluding today is 9.25 pts on the ES. If we take today's low and we add 9.25 we get 1379.50 as a maximum point or resistance all global traders are looking for. That is the reason I would like to short @1378.50 including all my fibs and R3's confluence. This has to be reach before 2:15PM EST report announcement. Could be a little noisy today and dangerous for my account.
Bruce, if you are around, any thoughts here ?
Click image for original size
chart132
AYN..I am short off 78.75 as that is "even steven" area and other numbers match up ..peak volume is at 74.25 as is VWAP so we are symetric and we went equal amount above and below the peak volume price

with that said we are also approaching the 2:15 announcement so higher risk of bigger swings coming then...ranches have been 8 - 10 pints so we are up in that zone now..

I think ultimately they will need to clean up 72 and 73.75 as unfinished orders are there on footprints
market took a breather right at the weekly r1 level i mentioned earlier today...took a short right there, which coincided roughly with the level johnpr was looking at also...taking some off in front of today's peak volume (77) and holding a few to see if we can fill 1 or 2 of the 3 single prints we have below (76, 74.75, 73.5)...vwap stands at 75 roughly so taht is my final target....also, unfilled set of triples below at 76.75, 74.5 and 73.75

above current highs i have slight resistance at 82ish (3rd std dev of today's vwap) and stronger one in the 84.5-85.5 area...above that weekly r2 at 92....starts to get tough up there with very little numbers to work with
hey bruce, nice to see u back...i have peak volume at 77 and by a fair amount...

here is my chart (rth only) fwiw



http://www.sierrachart.com/userimages/upload_2/1331661448892.png
Thank you Bruce.

AYN

Originally posted by BruceM

AYN..I am short off 78.75 as that is "even steven" area and other numbers match up ..peak volume is at 74.25 as is VWAP so we are symetric and we went equal amount above and below the peak volume price

with that said we are also approaching the 2:15 announcement so higher risk of bigger swings coming then...ranches have been 8 - 10 pints so we are up in that zone now..

I think ultimately they will need to clean up 72 and 73.75 as unfinished orders are there on footprints
Originally posted by BruceM

only small tries up here. Obvious data issues today so like a trapeze without a net and only via laptop.


Sounds like you were trading from a hammock on a beach.