Search results

Another very tradable day. At the open we bounced off yesterdays HOD for the first 15 minutes before heading higher, in what I suspect was a brief short covering rally. By 10:00 we were really over extended - 15 pts in the last 3 hours of trading with the ADX>60, and we were right at my first...

xxxskier, That was the second target level. You should have been well and truly out by stage. Don't get greedy. Once you've decided on a target send the order.

Hi Master, Thanks for that. Yes in fact I changed my bias at about 1:30 to .... slumber. I put a MOC trade on the ER2 and went to bed. Very nice surprise waiting for me when I woke up. bolter

rsuhart, Omnis' excellent explanation should have taken care of your question?

PT, On the YM 10885 to about 10940 is a longer term value area, with 10895 as the volume peak. Once you're in that area the market should facilitate trade quite well. If you're trading up to the level you mentioned from well below it would be resistance. However since we look to be opening in...

Hey thanks for helping out omni. ES UVA=1264.50 POC=1260.50 LVA1258.25 YM UVA=10835 POC=10825 LVA=10785 ER2 UVA=721.40 POC=717.20 LVA=716.40 Let's see if we can figure out what the markets might serve up today. Again the levels look the clearest to me at the moment on the ES. If...

HispaTrader, Most of this is not strictly correct. Let me try giving you a broad outline and see if the helps. I'm looking at where the market opens in relation to the POC in order to set my INITIAL bias. Above then posetive bias, below then negative bias, around then neutral. With a posetive...

Incidentally, one instructional point today. If you were watching yesterdays action and looking at this thinking what the hell is the market doing? A nice VA forming as a normal distribution around the mean of about 1260 - right at a vacuum (pink highlight) and with a low at local support...

Hey thanks guys, your appreciation makes it all worthwhile, and congratulations to xxxskier on another profitable day. Well obviously it was a pretty good call again today. Buying the pullback to the POC and then patiently waiting for the UVA was exactly the right play. The market even...

Oh now I get it. Excuse me for sleeping at the wheel here. Helps if you look at a daily chart knucklehead - dohhhhh! 1250 on the ES is bulletproof - it dates back to Jul 05. Plus the NQs are at support (1650) which dates back even further (Dec 04). Clearly this all sets-up for a big bounce...

Top of the morning punters. Here's how the day is setting up so far. Globex is calling for a slightly posetive open. Yesterdays action on the ES was decidely bearish, we pushed lower, down to levels we haven't seen for a while, the VA's settled at the very bottom of the days' range and we...

Opra, I view each market completely independently - despite the fact that they aren't. I want to be completely objective about each and every trade, and I just trade what I see in front me at that moment. From a risk management perspective I will rarely put the same trade on in multiple...

Lotus, Thanks Lotus. I have deliberately avoided delving too much into MP theory. There is alot of excellent material freely available so I am relying on MP newbies to go off and do their own homework - as you are doing. Good luck with it.

FuturesTrader71, Also thanks for your kind words. Several reasons: 1. It is the lower precipice of the 1265-75 longer term value range. If this gets violated it means the market will epaxnd it's range (lower) in search of the next level they may represent fair value. 2. Because it had acted...

Opra, Thanks for the kind words. I'll get your question later if you don't mind.

Good for you xxxskier.

Hey thanks guys - what can I say? I must admit that was a pretty good call. We opened farily weak, bounced right off 1264 which bought some immediate buying interest. As expected we rallied back the LVA, in fact we pushed up to the POC which made for an even better short entry, with a stop above...

I'm going to stick with the ES for the opening play today because I believe the test of 1264 was so important yesterday that we have have a clear battleline, and we are looking to be open just a chip shot away @ 1266. I've got a feeling we might have some weak buying at the open. I'll be...

Levels for today: ES UVA=1269.25 POC=1268.00 LVA=1267.00 YM UVA=10820 POC=10815 LVA=10805 ER2 UVA=728.60 POC=725.80 LVA-724.60 The VA's are so narrow that I can't believe we're going spend much time in them today. Charts for you xxxskier: I'm looking at charts...

HispaTrader, Thanks for the Tradestation screenshots. I'm sure that will benefit many.