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It should also be noted that a long term futures contract may look different to different people, depending on how they roll it over. Some back adjust to handle gaps, some do not. Even different data providers will construct the continuous contract differently, so there is no real "ES chart"...

Wanted to say thanks again to all for your encouragement and advice today. At the low, I felt and posted something like "have we seen the LOD?; order flow long from here on out." Yet, I shorted twice on the way up after I did not get on the move at 75 because I bid 74.75. I can guarantee...

wow, what a surge -- 3 points in 10 seconds, not bad.

Bingo, this is why uvol / dvol IMO are not good for indicating current market sentiment, only good for measuring today versus yesterday. Just my opinion, I know some find it very useful.

nice one trvl

and: http://www.elitetrader.com/vb/showthread.php?threadid=31823 both agree with my definition. I don't think it has anything to do with upticks or downticks. A stock's volume falls into "UVOL" if that stock's current price is higher than yesterday's close. If it goes below by a penny...

This is by no means an authority, but... http://www.mypivots.com/dictionary/definition/443/vold-nyse-volume-difference

I'm not ammo, but uvol / dvol is, if I remember correctly, the total volume traded of stocks trading either above (uvol) or below (dvol) their prior closes. When there is a big gap down, most stocks will be below their closes, hence all volume, even if the stock is trending up, will still be...

Hey Hurricane: I read some of Phantom yesterday, and have a question for you from what I've read so far. Rule #1 basically says that the trade should be exited if the market does not do what you expect it to do. So for a long, if it starts going against you, then get out. However, isn't...

Interesting LC -- can you state what might be a general weakness of monitoring just the ES/SPY volume? And do you watch both ES and SPY volume? The volume on SPY at 12:38pm is attention-grabbing, not so much on ES. Interesting that the bid/ask delta readings are so different also between the...

bigsnack = bigmoney :D

If it can break through the HOD, it might melt some faces up to the pivot, or, who knows, yesterday's high... stranger things have been known to happen. That buying this morning at the low was the highest volume I have ever seen in one minute except for news, open, and close. Maybe they will...

This was my premise for the long (early morning volume); why 80 in particular, I don't know, but 80.75 is y-low, where sellers seem to be responding.

This is one reason I am cautious of EMAs, because it's above the 5 minute 20EMA and touched around 78.50 ... I do not have these up anymore and had to load it just to check what time frame you're looking at (probably 15m?)

Thanks for advice LF, I meant to clarify one thing: the premise of the add was not the same as averaging a loser. The trade was a "loser" when 74 was hit, which is where my stop was. I wanted to buy somewhere in the 75.50 to 77.00 range. I could have waited for 75.50, but 76.75 was an...

I agree, lol yes ammo, you have a certain way with words buddy :)

Agree LF and as my last post indicates, it's more of a curiosity and a bit of a sanity check when I was in tune earlier, but then got out of tune later. Kind of like, "am I the only idiot thinking xyz..."? I do not ever take a trade on someone else's recommendation, and I would not exit...

No not at all, very good points. Often times this is such a solitary thing that we do that I'm sitting here thinking, "I wonder what others are seeing here?" If I'm seeing a good long, I wonder what others see? Maybe just human nature, and I'll get past that eventually I know. But I know...

closed 79.75 (+3.00)

stop to 77 (+0.25)