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ES Wednesday 3-4-2015


Bands for the day. Good luck to all.

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iv030415
Feb VPOC: 2091
Feb POC: 2091.25
Weekly VPOC: 2109
Weekly POC: 2110
Dec Hi: 2088.75
Last week's Low: 2099.75
All time high: 2117.75

Greenies:
2109.75/2110.75
2103.5/2105.5
2092.75
2089.75
2085
key levels I am using today with emphasis on trading for O/N midpoint since we didn't officially print it YD......If you get a good long and show some profit then try to take something off in front of 2101...( above 2100.25 swing high in On would be a good first target),,.in general 2101 - 2103 is a bull/ bear line for me today and VA low is there...on my time below chart we have an LTN..............although not shown on this chart we really should have a mini zone that runs from 91.75 - 93.25 below YD's lows
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tweekly
Bruce would you expect a long to run through that HVN you have around 2099? 2099.25 is also EURO IB low.
we have an O/N greenie at 98.25 and then up at 03.25
no...I never expect things to just run through....of course it could happen but I get out in front of those things for a reason....then runners try to work some magic.......
Originally posted by Big Mike

Bruce would you expect a long to run through that HVN you have around 2099? 2099.25 is also EURO IB low.
getting long at 97.75 ...not afraid to go to 95 if needed this morning.....99.25 is first target on any longs.....if we go at the 95 add- on then 97.75 will be target
I thought that was interesting too how euro Ib low came in at that 99.25 line..a good first magnet I think
Originally posted by Big Mike

Bruce would you expect a long to run through that HVN you have around 2099? 2099.25 is also EURO IB low.
midpoint sits at VA low from yesterday if it holds till 9:30 open
secondary target for me is going to try for 2100.50...assuming we can get the good long trade working
starting rth longs at 96.25.....watching YD lows and 91 - 93 area closely
that is precisely what i am trying to do as well... be a momentum trader when the opportunity presents itself and the rest of the time be a fader..... good trading Big Mike.

Originally posted by Big Mike

Just to add more grist to the mill. Today is the type of day that made me change from a fader to a momentum trader. I try to let the market tell me a story (price action).

Earlier I mentioned the EURO IB low as critical. it was critical because once it was broken to the downside, there was very little push to go above it, price just consolidated sideways around and below the Euro low.

This had me leaning short all the way. When the little burp on the opening didn't hold it was time to hop on short. Targets- Y low and beyond on runners.

Different perspective.

Good luck to all.