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ES Thursday 9-19-13


This is from the other day and I missed the question :

Daddywolf....I don't know where the specific thread is that Joe and I did......it was too long ago....I prefer to use previous days volume clusters to help identify the areas......most times the overnight nodes will go well with a RTH key spot on the charts but sometimes in the Overnight 8:30 news reports can form nodes so it's good to know them and anyplace big volume had happened but confirm with the day session

It is much harder to trade these as they develop during the day but in general you never really want to see price get 1.75 points above or below a node...for example...if you see a selling node that drives the market down then you don't want price to get 1.75 points above that node on a return to it ....that implies that the sellers may have left the area...it isn't perfect and it doesn't mean that we will keep rallying but to me it usually means that the sellers who originally sold are not there anymore..


the most important prices for me now

1723 - 1725

1716 -1717

1710- 1712.25

1706.50

1702-1704 ***** the big kahuna


lets see what the On session confirms for us

hope I didn't miss any questions the past day or so

hey Duck ..I remember Eddiie Cuervo ( he wrote the Gen -x courses) and have both his manuals..can't remember which forum but he was a good guy...left trading to go do real estate I think in Florida....a long time ago that was...
Originally posted by BruceM

daddywolf or whoever likes the volume stuff....why I think the O/N low is gonna be broken

Bruce, liking those volume videos(charts), thanks. Gotta figure out how to work them up on my system