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ES Thursday 10-13-16


Sick kid in room next door...ah...school season is in full bloom...no video but some charts may help confirm your numbers...I plan to take OR trades today on breakouts...will trade a bit smaller as we may need to stop and reverse


Confluent numbers

2129 - 2131 - buying tail and VA low from Wednesday

Daily S2 and Monthly S1 - 2118 - 2119.50 POC of overnight is at 2119 as I am making this.



Yd's low and S1 2125.26 - 2126.26 ( see final note on this area below)


The overnight low currently at 2113.50 is the real close to the split between S2 at 2119.25 and S3 at 2106


a few charts: Here is sept 14 and 15th...not all of the chart is shown but look at the bell curve from the 14th and then look at subtle bell curve on the 15th but look at the price action at the 2119 level on the 15th...I think this is the key bull/bear line today in general...will edit and add a few more charts

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sept91415


and look at all these multiple bracket lows from the 13, 14, 15th of September
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multiplebracketlows



a better visual of key ranges, buying tail from the 15th and value areas on my MP chart...note the buying tail edge ( place where we go from single prints to double prints)...right at the 2118- 2119 number


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mp



so even if we break that Overnight low which is essentially the low from the 15th then they still have to try and break it down and out from those lows in the 2110 - 2112 area...markets don't often close below the S2 level but that needs a statistic to that...I prefer the long side in general so will be heavier on long side OR breaks and lighter on short side breaks....all this will depend on exactly where we open too.........I'll formulate a better trade plan for myself the closer we get to the open


and here is current overnight action and the FINAL NOTE.....the overnight has single prints at 22 - 23 area so that is more important to me then the 25 - 26 area mentioned above and I can't have numbers so close together so I am using the 22- 23 over the 25 - 26.....the 22 - 23 includes the overnight singles , the low from the 16th and the low from Tuesday


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overnight
starting very small longs in O/N at 2115....trying to use 19 as a magnet this morning...this is a separate idea from OR trades which will be used in day session...this trade has a hard stop at 2110
revising target to 18 and then 19.25 on final if they will give it
rth trades prefer to try and target that 19 area again ...we know they will print either 19.25 the S2 or try to drive all the way down to 1906...the R3.....
Very nice pre market trade Bruce worked out to your numbers....wasn't sure why the 2015 area was important other than it looks like a triple bottom in the overnight. I 'm watching delayed quotes bear with me.

sharks
this is only counter trend trade I am taking down here at 2108.75 long...looking for price to probe back above 2112.......these are bracket low points at 2110 - 2112...so this gets to be an interesting breakout down...lets see if sellers can win or us faders have power........been revising my OR level to a 3 minute...which is a hybrid of one minute and 5 minute...just an fyi
30 min VPOC is at 14.5.
Bruce, I do like your idea of using a 3 min chart for OR. I have been considering that as well because I see quite a few people use it to get the best of both the 1-min and 5-min charts
gap in data at 2109 so covering all at 2110.25....dman...will try again but would like to see gap in data fill first
trying agin from 08.50...i know s3 is down there at 06 still
this needs to get back over 2110 and quick...I plan to take 2 more small tries if this one fails and call it a day
at the time it was the overnight value area low and right near that 14.50 swing low...
Originally posted by sharks57

Very nice pre market trade Bruce worked out to your numbers....wasn't sure why the 2015 area was important other than it looks like a triple bottom in the overnight. I 'm watching delayed quotes bear with me.

sharks
I am not going to be able to attend the webinar live but plan on watching the recording and comparing notes later

Originally posted by BruceM

and don't forget the ft71 webinar on bookmap....later today...not sure where u sign up...I got an email sign up and I think it's at big mikes forum