ES Journal Archive (2011)

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Quote from JoshDance:

The top chart is a 500V chart. The bottom pane is delta, which is defined as the difference between buy volume and sell volume. The histogram on the right is volume at price (volume profile)

My point was this yes--sellers selling, yet price is flat. Bids holding, eating up sell volume. And in this case, it turned out to be a bullish sign as we have just seen it up out of the consolidation. Kind of a twist on wyckoff's effort vs. result.
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ok, thanks for explanation !
 
Quote from Laissez Faire:

Screw it.

Went back in short @ 1198. Stop @ 1200,50.
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Stopped.

I still think the entry and set-up was good, but I could have done with a smaller stop as price should not have traded much against me.

Double top @ 1202,75 or just temporary resistance?
 
you didn't notice that ES break out of a falling wedge and then consolidated?

Quote from Laissez Faire:

Stopped.

I still think the entry and set-up was good, but I could have done with a smaller stop as price should not have traded much against me.

Double top @ 1202,75 or just temporary resistance?
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Nice display of strength from the bulls lately, but still below the 50%.

Spiked up to where we initially broke.

50% @ 1202,50.

I wonder if the day low could be in...?

I know one guy who knows :)
 
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