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BruceM
Rep: 216,211
Posts: 19,895
I'm hoping to post these charts through the end of the week so we can see how these price distributions (bell curves) interact. The new user to this stuff should be concentrating on finding the key areas and drawing in the bell curves.

Today left us with two very distinct bell curves. A double distribution day separated by low volume in the middle. Viewers looking to get better should focus on the volume histogram and draw your high and low volume areas based on that without looking at the price bars.

Hopefully we will get an upmove overnight so we have something to work with in the RTH session tomorrow morning. We will formulate some trade ideas once we see which side of the bell curves price will be entering from in the morning.

It is my experience that highs and lows will form more often based off the low volume areas from previous days and not the high volume areas from previous days. This is opposite from what that Enthios site teaches and the natural true range method but as usual I encourage everyone to do their own research.

This chart below includes overnight data but only because my IB charts display the histograms better once the day is complete. So I am posting it this way only to present a better visual and no other reason. I do not think you need to incorporate the overnight volume because it is too low.
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della
Rep: 550
Posts: 588
Filling it in now 83.75
CA
Capitalista
Rep: 80
Posts: 24
Yes, I am here (off an on:) Thanks Bruce. And thanks for your reply earlier. Helps a ton!!
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BruceM
Rep: 216,211
Posts: 19,895
what makes this 89.75 even more interesting is that we may get a break of the 90 minute high right into your 89.75.....
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della
Rep: 550
Posts: 588
On my TPO there was LV at 89.25 to from yesterday
CA
Capitalista
Rep: 80
Posts: 24
I have a target price at 1092.75
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BruceM
Rep: 216,211
Posts: 19,895
short 91.50 and keeping this tight..89.50 is target
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BruceM
Rep: 216,211
Posts: 19,895
takingthe loss at 92.25..will try once more a bit higher
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BruceM
Rep: 216,211
Posts: 19,895
short again 92,50...
BR
BruceM
Rep: 216,211
Posts: 19,895
danger up here is we know that 94 - 95 is real close to push to..
LI
Lisa P
Rep: 6,498
Posts: 1,428
INDU is working on the gap close, for those with runners (not me)

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sandoxe
Rep: 445
Posts: 418
Here's a 3 minute self explanatory chart for my posts here at the forum.
Lisa, I don't know what you are referring to when asking about second level. But, we can talk about numbers and S/Rs and that's what I was looking at 12:53 as seeing in the chart below.

I hope this helps in some way. Seeing and playing S/Rs in conjunction with your system.


Originally posted by sandoxe

Got back from lunch and ES was moving with good momo and true my 1089.00 and here we are, just hit the objective at 1102.00

ES now trading 1105.75 @ 15:48
Originally posted by sandoxe

ES keeps testing 1089 but fail to move above it with some momo. Will wait.
ES now trading 1087.50 @ 13:56 E.T

Time for some delicious lunch hmmmmm.


Originally posted by sandoxe

I'm looking to buy from 1089.00 S/R. will let it test a bit and see if sets up for me.
Objective 1097/ 1102.
ES now trading 1088.75 @ 13:34
In due time will show us the way.




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