ES Wednesday 10-9-13

I really enjoyed making this one today....I hope it gives some ideas of how the daily bar charts can help us...


key zone above is 57.50 - 59.50

below is 50.50 - 51.25


those are upper and lower bell extremes

watch the video if/when you have time....

52 was a scale for me and next one will be 49-50, with runners to 47...stop to b/e for me now

Originally posted by NickP

52 was a scale for me and next one will be 49-50, with runners to 47...stop to b/e for me now

..good for you Nick!

runners stopped..but still profitable trade

same here kool...stopped and news coming out right now at 2pm et...so not too bad to be flat

now that pisses me off...lol

Man..it went right to 51.25 as i thought..only without my runners .

everyone watching to see if they can hold that lower edge of the bell curve...the 50 - 51.50.........they need that to hold in order to go up into the 57 and a bit higher...cool to see and much more fun if u r just watching.........so that's me...

well the one min 1.618 here is Bruces 1657.50, and the 2.618 is lol... my original rally target 1661.... now that would be ironic.

whats always interesting is that so many of us have read that a failed auction on one side of a range ( a bell curve) can often go push to the other side....what the books etc never tell us is that there is no time limit on these failures and often we will see a bell curve get entered back into at some later date.....these failures happen on so many different time frames but for me it's watching those edges from different days to see if we are going re-take them and hold or reject them...

the point is that so far today is a good lesson that we can reverse roles quite often at the bell curve edges...also usually know as LVN's on different time frames

now all this babble would really have made me feel better if I had bought one of those retest into the lower edge I mentioned on the video after they rejected that prominient POC/vpoc at 54.75.....ok, so ends todays after the fact ramble