ES Thursday 9-15-11

I see three distinct bell curves that I want to try and work from in the overnight ( if time permits) or the Thursday days session. I'll start with the low volume that looks most important at 1177.25- 1178. That is really the lowest volume hole that is surrounded by high volume on both sides of it.

so the high volume above that comes in at 83.25 and the low volume that comes in above there is at 87.50.

working my way down I see high volume at 69 - 70 and then low volume down near 65.25. That number I thought the market would retrace to as long as we didn't come outside the IB high so that is still in play.

then we have a minor high volume node at 62.50 but I'd prefer to use the low volume down near the 58.50 area.


above 87.50 I'd be interested in the 92.50 low volume area.

as usual the specific extremes of ranges are alwasy important but those are obvious so I'm not bothering to type them in.

lets see where the overnight numbers fall to confirm our areas.

Comparison of inherent risk across all futures contracts.

Symbol High Low Close Pivot High Pivot Low 30dAvg 14dAvg Mom # Close8 Close7 Close6 H/L Close $Risk High9 High20 High45 Low9 Low20 Low45
SPZ11 119625 114800 118225 117888 117212 116866 - 117538 + 1875 * 116350 115875 119325 7772 119550 121200 133700 115225 111750 110550

Only number here i want to point out is $Risk for ES, which is 7772.

Compare this to CL, $ Risk for CL is $2620.

This is a proprietary measure of inherent risk across all futures contracts. Thus, at the present time 10 contracts of ES are more risky than contracts of CL. Theses numbers are provided by mark Fisher service and they change mostly on monthly basis.

some of you guys up late last night

wth was that

(BN) ECB Coordinates With Fed to Lend Dollars to Euro-Area Banks

it was me getting short at 94.75.....LOL!!

I'll be watching 1202 -1203.50 as upper resistance....above that is the 1211 - 1212 area if they want to keep pushing

short 1199 here

what was the logic palmer ?

Originally posted by palmer

short 1199 here

S3 resistance was 1199.75

i trade into extreme resistance numbers- that's all- just like how cool trades into 2.6 fib extensions-

There were no single print trades today and no new single prints were created.