BR
BruceM
Rep: 216,211
Posts: 19,895
Up here at 845 ES....S&P is holding back this rally today...where the HECK is my plus or (hopefully) minus 8 - 10 range? has everyone gone to 24 hour trading???
BR
BruceM
Rep: 216,211
Posts: 19,895
filled at 917....I'll try for 909 which is one point above another key volume price......don't have a great feeling for a big selloff though...seems like a chop around session is more likely
KO
koolblue
Rep: 48,651
Posts: 16,032
nice little scalp there of a couple handles... had to scalp cause higher would not be surprising!
KO
koolblue
Rep: 48,651
Posts: 16,032
Bruce, always enjoy your insight! If you ever get tired of the spqr"s (jmr's) of the world , your always welcome to join us!
KO
koolblue
Rep: 48,651
Posts: 16,032
by the way great short and call on that 909 objective!(think we hit 909.75)....great stuff!
BR
BruceM
Rep: 216,211
Posts: 19,895
My statistic on inside bars is about a year old and needs updating but the point being if something only happens 10 - 12
% OF THE TIME THEN WE SHOULD BE TRADING FOR THE OTHER 90%. So we are to assume that a RTH range will get broken.
I didn't take this particular trade and only point it out for the concepts...
We enter the Value area but get 30 minute closes back OUTSIDE of it....( this is like a reverse 80% rule), we get 30 minute closes above the open....these are some subtle hints that they might try for yesterdays highs.....we also never traded to a minus 8- 10 to the downside so that leaves the possibility open that it may happen on the upside...
These are just some after the fact ideas I like to use
here is Fridays 30 minute chart that has Thursdays high snapped off and the VA high in the 914 area. Also note the inability to get a close above yesterdays high on the 30 minute. We could design a nice trade and reversal signal based on this concept alone.
% OF THE TIME THEN WE SHOULD BE TRADING FOR THE OTHER 90%. So we are to assume that a RTH range will get broken.
I didn't take this particular trade and only point it out for the concepts...
We enter the Value area but get 30 minute closes back OUTSIDE of it....( this is like a reverse 80% rule), we get 30 minute closes above the open....these are some subtle hints that they might try for yesterdays highs.....we also never traded to a minus 8- 10 to the downside so that leaves the possibility open that it may happen on the upside...
These are just some after the fact ideas I like to use
here is Fridays 30 minute chart that has Thursdays high snapped off and the VA high in the 914 area. Also note the inability to get a close above yesterdays high on the 30 minute. We could design a nice trade and reversal signal based on this concept alone.


