ES Friday July 27th

Numbers I'm using


1370.50 -1372

1366 - 1367

1362.25 ****

1356

1351


1344 - 1346 ******* hopefully will have a video of this area later

1339 - 1340

saw big volume come in at 78.5 and 80.5 in the near vecinity....i bet there was a decent chunk right near the breakout at 73-74

congrats to any longs out here

nick...no retest yet on my data...one more try from 82 even and I will sell on any push above 84 now..I want 1378 and lower!!

revising first target to 78.50

this is why i was looking at this 82.5-84 zone

http://www.sierrachart.com/userimages/upload_2/1343412195252.png

this weekly profile corresponds to the june contract since we had not been at the current levels (after the roll to september) up until a few minutes back...so substract 6pts from everything u see in the chart to account for the typical sprd between contracts

so, take a look first at the rectangle highlighted in the chart....taht was an open gap from 5/3 to 5/4...i knew i did not want to sell in that area becuase we could fly all the way to the top of the gap

now, the circle shows the low volume area i was interested in, right before all that volume from that week...amazing how they rejected it almost immediatly...

hope it helps

still holding the runners with stop at 83

volume collecting at 1380 so I took two off and holding three

1 runner off at 79, wanted 78.5 but it is the 2nd time we bounce of 78.75

leaving the other aiming for 77...moving stop to 82.25

Originally posted by NickP

took a short from 82.5, closed at -0.5 and 83.5, off at 80.5 with runners aiming for 78.5 and 76.75-77

Originally posted by NickP

this is why i was looking at this 82.5-84 zone

http://www.sierrachart.com/userimages/upload_2/1343412195252.png

this weekly profile corresponds to the june contract since we had not been at the current levels (after the roll to september) up until a few minutes back...so substract 6pts from everything u see in the chart to account for the typical sprd between contracts

so, take a look first at the rectangle highlighted in the chart....taht was an open gap from 5/3 to 5/4...i knew i did not want to sell in that area becuase we could fly all the way to the top of the gap

now, the circle shows the low volume area i was interested in, right before all that volume from that week...amazing how they rejected it almost immediatly...

hope it helps

still holding the runners with stop at 83

Have had that on my chart since 7/15; via S/R major area.

http://www.mypivots.com/board/topic/7428/1/chart-for-start-of-week-7-16

if they hang around the 78.5-79.5 area till after 3pm then the poc will shift up to that area from the 70 area...the vpoc still sits at 70 and they will need a fair amount of volume up here to shif it upwards...point is, if they do shift both then that would imply in theory this upper distribution we are now in is for real

when an area is important, you can arrive at it by many different approaches...i had at least two fib numbers pointing to that area as well, which confirmed it for me

Originally posted by Big Mike

Originally posted by NickP

this is why i was looking at this 82.5-84 zone

http://www.sierrachart.com/userimages/upload_2/1343412195252.png

this weekly profile corresponds to the june contract since we had not been at the current levels (after the roll to september) up until a few minutes back...so substract 6pts from everything u see in the chart to account for the typical sprd between contracts

so, take a look first at the rectangle highlighted in the chart....taht was an open gap from 5/3 to 5/4...i knew i did not want to sell in that area becuase we could fly all the way to the top of the gap

now, the circle shows the low volume area i was interested in, right before all that volume from that week...amazing how they rejected it almost immediatly...

hope it helps

still holding the runners with stop at 83

Have had that on my chart since 7/15; via S/R major area.

http://www.mypivots.com/board/topic/7428/1/chart-for-start-of-week-7-16

that was great Nick...thanks 4 that...hoping to get to a video or two later

Originally posted by NickP

this is why i was looking at this 82.5-84 zone

http://www.sierrachart.com/userimages/upload_2/1343412195252.png

this weekly profile corresponds to the june contract since we had not been at the current levels (after the roll to september) up until a few minutes back...so substract 6pts from everything u see in the chart to account for the typical sprd between contracts

so, take a look first at the rectangle highlighted in the chart....taht was an open gap from 5/3 to 5/4...i knew i did not want to sell in that area becuase we could fly all the way to the top of the gap

now, the circle shows the low volume area i was interested in, right before all that volume from that week...amazing how they rejected it almost immediatly...

hope it helps

still holding the runners with stop at 83