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    BruceM
    Rep: 216,211
    Posts: 19,895
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    Shorting up here at 88.50 for 85 retest and then 80 if lucky...this 86-90 is a key zone to me.....my concern is that the market is/was ready to POP with that previous consolidation....other concern is that they sold it off directly from the open yesterday so I'm not looking for that quick thrust down today
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    ok, stop at 88.25 on runners...not much working as this was overnight trade initiation and I trade lighter there....still have concern that this could rally as Weekly Pivot concept still in force. Moved next target to 82.50 and then 80.25..then I'm out of ammo!
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    shorting 88 again...new lows is target....this reversal may fake me out..test and reverse of the 90 was / is setup..
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    89.25 is stop loss which is tight for me.,.,,but thinking is that it has to perform and quickly or I don't want to stay in
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    thoughts go to " which way is 30 minute range to be broken ?/" if downside then I win...if upside then I will have been stopped out...4 minutes left for 30 minute range to form...trying to front run
    DA
    day trading
    Rep: 39,586
    Posts: 6,369
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    Here are the respective 10,000V ES chart and 2,000V NQ chart. I haven't counted the bars but from a cursory visual inspection it looks like our estimate of 2,000V in NQ to 10,000V in ES was pretty accurate.

    Click image for original size
    ES 10,000V chart showing previous and overnight and early action for 12/21/2007.


    Click image for original size
    NQ 2,000V chart showing previous and overnight and early action for 12/21/2007.
    PT
    pt_emini
    Rep: 5,707
    Posts: 1,940
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    thanks for the posting the charts DT, they line up reasonably well.

    notice the little divergence there between the NQ and the ES around 9:40... also note the ER2 made a lower high along with the NQ, pretty much put a lid on the upside on that swing.
    PT
    pt_emini
    Rep: 5,707
    Posts: 1,940
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    longs trying again here... NQ 2117 seems to be holding as support for now.

    market moving slow this morning...
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    stopped out...greedy on that and it cost me..should have taken something off but thought I knew better then the market
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    going at this at 92.25..a little looser this time..89.75 is first taret
    PT
    pt_emini
    Rep: 5,707
    Posts: 1,940
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    little Head and Sholders in the ER2

    NQ double top at resistance

    entered short NQ on the retest
    DA
    day trading
    Rep: 39,586
    Posts: 6,369
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    /*********************************************************
    
Alexis C. Montenegro © December 2004                      
    
Use and/or modify this code freely. If you redistribute it
    
please include this and/or any other comment blocks and a 
    
description of any changes you make.                      
    
**********************************************************/
    

    
function preMain() {
    

    
    setPriceStudy(true);
    
    setStudyTitle("Ichimoku");
    
    setCursorLabelName("Tenkan", 0);
    
    setCursorLabelName("Kijun", 1);
    
    setCursorLabelName("Chikou", 2);
    
    setCursorLabelName("SenkouA", 3);
    
    setCursorLabelName("SenkouB", 4);
    
    setDefaultBarStyle(PS_SOLID, 0);
    
    setDefaultBarStyle(PS_SOLID, 1);
    
    setDefaultBarStyle(PS_DASH, 2);
    
    setDefaultBarStyle(PS_SOLID, 3);
    
    setDefaultBarStyle(PS_SOLID, 4);
    
    setDefaultBarFgColor(Color.red, 0);
    
    setDefaultBarFgColor(Color.blue, 1);
    
    setDefaultBarFgColor(Color.green, 2);
    
    setDefaultBarFgColor(Color.purple, 3);
    
    setDefaultBarFgColor(Color.green, 4);
    
    setDefaultBarThickness(3, 0);
    
    setDefaultBarThickness(3, 1);
    
    setDefaultBarThickness(2, 2);
    
    setDefaultBarThickness(1, 3);
    
    setDefaultBarThickness(1, 4);
    
    setPlotType(PLOTTYPE_LINE, 0);
    
    setPlotType(PLOTTYPE_LINE, 1);
    
    setPlotType(PLOTTYPE_LINE, 2);
    
    setPlotType(PLOTTYPE_LINE, 3);
    
    setPlotType(PLOTTYPE_LINE, 4);
    
}
    

    
var bInit = false;
    
var vInterval = null;
    
var Tenkan = null;
    
var Kijun = null;
    
var xChikou = null;
    
var Senkou  = null;
    

    
function main(Interval) {
    
    
    
    if (bInit==false) {
    
        if(Interval==null) Interval = getInterval();
    
        vInterval = Interval;
    
        Tenkan  = middleDonchian(9,inv(vInterval));
    
        Kijun   = middleDonchian(26,inv(vInterval));
    
        xChikou  = close(inv(vInterval));
    
        Senkou = efsInternal("calcSenkou",inv(vInterval));
    
        bInit=true;
    
    }
    
    
    
    if(vInterval==getInterval()){
    
        var Chikou = offsetSeries(xChikou,-26);
    
    } else {
    
        var Chikou = close(26,inv(vInterval));
    
    }
    
    
    
    var SenkouA = getSeries(Senkou);
    
    var SenkouB = getSeries(Senkou,1);
    

    
    if (SenkouA>SenkouB)
    
        setBarBgColor(Color.paleyellow,0,SenkouB,SenkouA);
    
    if (SenkouA<SenkouB)
    
        setBarBgColor(Color.paleyellow,0,SenkouA,SenkouB);
    

    
    return new Array(getSeries(Tenkan),getSeries(Kijun),Chikou,SenkouA,SenkouB);
    
}
    

    
function calcSenkou(source) {
    

    
    return new Array (offsetSeries(middleDonchian(52),26),(offsetSeries(middleDonchian(9),26)+offsetSeries(middleDonchian(26),26))/2);
    
}