The following resistance points are created from trade on 9-20 and 9-21.
1193.75 Low volume
1200 key number
1205 - 1206 Low volume and the best low volume number as we move up..assuming we move up
support points are created from Mondays trade at :
1186 - 1188 low volume
1182.50 peak volume - I will not use this area for entry
1180 - 1181 low volume
1175.75 - 1176.50 low volume
71.50 - breakout point from overnight trade
as usual the low volume is where the better trades are at.
Honorable mention to the 1214 - 1215 area in case we really get a move up
BR
BruceM
Rep: 216,211
Posts: 19,895
flat at 84 even....that bell curve behaved perfectly!! hopefuly some saw how we created low volume ( air pocket)today right thorugh yesterdays low volume.....a trade u just have to take..
BR
BruceM
Rep: 216,211
Posts: 19,895
thanks lisa...u will find that when we get cheated one day ( like yesterdays early trending action) then we get paid well the next morning as everone wants REVENGE...for lack of a better word!!
BK
bkay59
Rep: 2,620
Posts: 497
Bruce, new to this. Been following for a while. Trying to learn MP. I understood everything except your 83.75 target. You nailed it but where did it come from? No hurry, just interested.
BK
bkay59
Rep: 2,620
Posts: 497
Bruce, Thanks. And thanks for the graphic (and all the others you post) I appreciate your willingness to keep us informed. I hope I can grasp this stuff.
SA
sandoxe
Rep: 445
Posts: 418
Nice calls and trades BM.! Looks like we are going to be trading between the pivot 1180.00 and 1190/92 small channel till ES breaks out.
Above 1192.00 I will be looking for 1200.00 as the objective.
Below 1180 pivot. I will be looking for 1173 MDP area as the objective.
ES now trading 1186.25 @ 10:19
Above 1192.00 I will be looking for 1200.00 as the objective.
Below 1180 pivot. I will be looking for 1173 MDP area as the objective.
ES now trading 1186.25 @ 10:19
NK
nkhoi
Rep: 204
Posts: 94
new video Steidlmayer Volume Strips: A New Method to Analyze the Markets http://www.cmegroup.com/education/steidlmayer-volume-strips-video.html
