ES Journal - 2014

I posted a while back about price turns being defended. That 52.75 that's being defended here was from the price turn (to the long side) on the daily chart from 6/26 and 6/27. The 20-day EMA is right about there as well.
 
NoDoji said:
I posted a while back about price turns being defended. That 52.75 that's being defended here was from the price turn (to the long side) on the daily chart from 6/26 and 6/27. The 20-day EMA is right about there as well.
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... but most important of all, it is today's CM-RoadMap 233-value down. As we've profiled here countless times, the 233 levels off the pit-session 5min open range (for ANY market and ANY symbol, btw) are hit with +/- 90% daily frequency, on average.

If 1,000 different ES traders applied that price-measure study to their 5min chart today, every single person had the exact-same info at 9:35am est.

Today's levels trump all else... more than gaps, more than m/a values, more than market profile levels, above all else :cool:
 
CoolHandLuke said:
from what i read you can't relate to any more than 3 or 4 ticks, either way?

correct me if wrong.

your a tick bandit?
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You happened to catch me trading a range late one day, which failed to break out and so I scalped a few ticks.

Today I shorted NQ just south of 90 with a target in the 55 zone (that was the first level of airspace below). Quite a bit more than 4 ticks :cool:
 
NoDoji said:
I can relate, great day for us trend followers :p
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funny how a 14pt pedestrian range has us all feeling like the market made some kind of monumental move. We've been staring at 3-tick hourly chop zones for so long, it's blinding.

Looking forward to 20pt, 30pt and 40pt ES-session ranges ahead to come. Mostly on the downside when that happens :)
 
NoDoji said:
You happened to catch me trading a range late one day, which failed to break out and so I scalped a few ticks.

Today I shorted NQ just south of 90 with a target in the 55 zone (that was the first level of airspace below). Quite a bit more than 4 ticks :cool:
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i am happy for you, ps i don't care:)

didn't see that trade of yours here
 
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