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BruceM
Rep: 216,211
Posts: 19,895
starting longs at 1469..1474 is first target...will be watching hour break down if needed to add
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BruceM
Rep: 216,211
Posts: 19,895
gio, when you have time could you explain why you were looking to buy or sell 6.5 points above or below the open.....is that a number you have verified to fade? Perhaps after market hours would be a good time or a lull in the action...added at 67.75 ...revising first target to 73.50...then will try and hold
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BruceM
Rep: 216,211
Posts: 19,895
revising again to 71.25...then will tighten up
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BruceM
Rep: 216,211
Posts: 19,895
big air pocket between 72.75 and 76 should get tested so long side is prefered..weekly pivot up at 90
DA
day trading
Rep: 39,586
Posts: 6,369
10,000V chart for the ES so far this morning and the 2,000V chart in the NQ.

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Early morning action in ES on 2 Jan 2008 on 10,000V chart.


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Early action in the NQ on 2 Jan 2008 in a 2,000V chart.
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BruceM
Rep: 216,211
Posts: 19,895
soon question comes into play...Which way will they run out the hour range?..I beleive a run out of the low is a key opportunity to buy...folks trying to front run the break out now....stopped on runners at 69.25..going in again at 67.50 and will buy a breakout of hour low if it happens...rusty at typing today
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BruceM
Rep: 216,211
Posts: 19,895
first targte 71.50
GI
gio5959
Rep: 200
Posts: 444
quote:
Originally posted by BruceM

gio, when you have time could you explain why you were looking to buy or sell 6.5 points above or below the open.....is that a number you have verified to fade?



I look at the daily average range

Like today, im looking for buy sigs in 1465 area
BR
BruceM
Rep: 216,211
Posts: 19,895
cool..weekly pivot number down there too...
quote:
Originally posted by gio5959

quote:
Originally posted by BruceM

gio, when you have time could you explain why you were looking to buy or sell 6.5 points above or below the open.....is that a number you have verified to fade?


I look at the daily average range

Like today, im looking for buy sigs in 1465 area
BR
BruceM
Rep: 216,211
Posts: 19,895
still expecting that air pocket to get tested but will cover some ahead of that.....4 minutes left so hour range concept is a concern...would prefer not to add on but will follow the plan..63.50 will be add on price if needed
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BruceM
Rep: 216,211
Posts: 19,895
let me revise this for clarity...weekly S2 is at 1462.50
quote:
Originally posted by BruceM

cool..weekly pivot number down there too...
quote:
Originally posted by gio5959

quote:
Originally posted by BruceM

gio, when you have time could you explain why you were looking to buy or sell 6.5 points above or below the open.....is that a number you have verified to fade?



I look at the daily average range

Like today, im looking for buy sigs in 1465 area


DA
day trading
Rep: 39,586
Posts: 6,369
Thanks Bruce!