ES Short Term Trading for 3-28-11

Figgered I'd post my ES trading MAP for Monday and this week. It's the June ES contract 30min chart of 20 days, all hours trading, with RTH sessions of blue background and gray being the "overnight" activity.

Red lines are potential significant PASR levels with Magenta being semi-significant. The Whitish dashed lines are the Weekly Pivots. The Red lines that are roughly 1319-1321 should be considered a ZONE. The Yellow lines also should be considered a potential zone of Fib Clusters around the 1331-1332ish area.

I've left the Green Andrew's Pitchfork that I drew in last week ... as price, after it broke below the lower line, has ridden up against it to some extent. The Volume at Price is displayed on the right vertical in Blue. Hope this is helpful to some as a MAP!

Click image for original size
es 30m sr levels for 32811
filled in. Hope to get atleast 4 points.
going to cover @ 1312
before I change to 12, 11 got filled in :)

got 4 points
Nice trade there Raj , perfect entry !

Here is what I saw at the time...

Click image for original size
Balance View of Morning High
thank you pt_emini. Looking for another short entry point. will try 1313.
yes a real beauty Raj.......that 12.50 is working it's magic as a magnet...

Nice chart PT but what is MOMMO? and is that just net delta? I assume so...i was watcing the 5 tic reversal chart that Lisa shares.....I'm still not sure what I'm doing with that but it is fascinating
that was the one tic Ib trade too for those JPJ fans out here..
thanks Bruce. 1313 not filled in. Going to short 1310.75 or 1311. 20 EMA broke 50 EMA and touched 200 EMA. If it breaks 200 EMA, then possible target 1308.
this volume divergence down below 2nd VWAP band had me covering at 09.75 and now just trying to hold one....I'm watching the 1312-1312.50 area as all the volume there.........simple logic says we will either go back to that or they will seek out the volume down at the 1307.50 - 1306 area ..

reason I'm trying to hold this last is that I'm hoping the failed auction higher will try and test the opposite side of the range....
short from 1310.5
I agree Lorn..a potentially very powerful combination
Originally posted by Lorn

There is a certain aspect of delta in showing what the chasers are doing...imo.

That's why I prefer to look at delta on a cumulative basis in bar form so that I can see where the previous levels (pivots) came in relation to price. I use those levels (pivots) of CD as a way of marking where traders initiated there buying or selling. So it becomes a further area of support/resistance to use along with price action support/resistance.

Now combining that with your way of looking at volume Bruce I think is another step forward. The 1 min nodes of volume you follow, if they come in relation to a CD level of initiated buying/selling could give added weight to that levels effective support/resistance.

Ok. My brain hurts now.

Originally posted by BruceM

Yes, thanks Lorn...I guess I'm always looking to see things as they happen, or that repetitive pattern over time...

so right now I see all these orders that went off at the bid at 1310 -'s the peak volume price of the day now.....even overtook that 12.50 but this is based on repeated visits that price....

so if price rallies...the MD people would say "Hey , all those sell orders couldn't break down price so we rallied"

and if we decline they will say .." wow, look at all those sell orders...of course we dropped lower"

my statements are not directed at anyone in our forum...I'm just searching for ways to use this MD thing that is somewhat consistent ....if it even has any value...tons of youtube videos but that also is after the fact.....

I do like it for seeing the buildup of volume but I can see that on my Volume MP charts...the histogram shows that..

just babbling now...