Es Friday 5-20-16

a quick pic of the lines I'm using...confluence with R1 at 45 area and pivot number at 33.50....working on a video to go over some other things and weekly bar I'll edit this for anyone who wants some other ideas and video ramble...but for now my plan is to sell in 45 - 48 area and to also sell in the 50 - 52 area ( R2 and a VA high is up there). I f you get the 45 area short then I would scale at Wednesdays close just in case.
Click image for original size


1/2 SD up ( The SITYS #) comes in at 45 area too
Click image for original size

I refined my lines a bit because I had a chart setting covers that quickly and then goes over the weekly concept.....I'm basically asking the question "How many tpo's can we expect at prior weeks low or highs...not just the previous weeks but any weekly range we pass through.....? Would make for an interesting study

No video below? Try this link: rambleon.swf

hey if it was easy, everyone would be doing it! i rather have the harder path!!
only one contract's either gonna go get that 49 print or stop out at 54.25.....not gonna micro manage and I have no good place that I like for a stop ...51.25 is R2 ...most days the lines we snap work but it's our interpretation of the lines and unfolding price action that can really mess us up.....lets hope that low time price and that 30 minute Vpoc can work some magic on last one......
look at that, they even got the 30 minute VPOC...without me but hopefully someone got to tag that probability...ended up being an ok day but challenging...I thought it was cool how the 30 minute vpoc went well with the overnight high...that volume confirmed that area....interesting to me as a technical trader...this would be a dangerous place to trade now ,,,the buyers tried many times to get back out of the upper Low time areas from Wednesday and have failed only to fall back to the high time from that day.... I think if 51 - 52.50 can hold back buyers then we still have a chance to get back to the 2044.50 and lower......we'd also wantto see a weak low volume bounce off the R2 level that the NQ hit into...that would help

I'm not trading so this is all easy to say....hope all have a great weekend