86834

as we're moving up into the 1329.75 value area the sellers are begining to weigh in on the books, which helps back the trade up.

short term valye has developed down in the 1325 area. So we're got value above at 1329.75 - this gives us a good area in the market to rotate, especially with the rejection above in the 1329.75 area, looks like a b profile could be forming indicating long covering in the market, which makes sense after selling has been initiated from the merge by the cti2's. The street overall is short, so i'm looking for my first scalp off up short term value at. 1329.75. Limit order on the books...

1329.75 area looking interesting as the initial balance develops

profit target for that merge i mention has been reached. 1328

heres a screen shot of a candel stick chart, so you can see how price reacts to such levels as 1341, and you can see the trade i mentioned above.

Sorry guys as this isn't a live post, been half asleep on all morning after a late night. The end of yesterday produced a two day merge on the profile. This gives us a POC of the 1341 area in the market which should be a important level. If we're below it then sell off it on the retest, visa versa for a long. If you were up this morning unlike me, you could of caught a good trade pre market. The good old double pass through trade that i keep on mentioning. We traded down into 1341 where you should of tried to buy it. You would of got your chops bust and got stopped out for -2pts, but this set you straight up for the double pass. Market plowed through 1341, then came back up to retest it we you sold off it. First natural target to scale some off would of been the VHL at around 1336, which has been reached, but your ultimate target here is gonna be the 1328 area of the market. Remember that it's a merge so give it time because we're looking at the bigger picture here. Other than that setup, gonna trade the day as usual, boosting points here and there as levels develop, and the flow... well... flows Kevin

this area produced a good long trade. Was too busy eating a baked potatoe tho. Anyway, i'm gonna leave the office and go home. Good trading guys.

market in short term value. 1335.25 area looking interesting. Waiting for things to develop

exited reach at 1333.75 + 2pts ES I am the man every day

shooting for exit at 1333.75

order resting for a short at 1335.75

Yeah I'm trading sept contracts. As in my bias for the day as you asked. I'll know what trade/s i'll be taking on the daily the night before. The rest of my trading is scalping as you have seen today, trading off auction levels and reading the activity via the tape around them areas. I just boost my scalps for 2pts at a time, unless i see great potential for a follow through. For example the short from 1342, i held that because the developing profile was indicating that we were gonna have a standard day on the profile, so i follow through to the lower value are edge was highly likely, and as it turned it out, the trade worked.

other half out for +2pts ES

taken half for a point as it's struggling

stop moved to b.w at 1334.75

possible long at 1334.75 depending on what the buyers are doing...

final quarter out at 1336

looking for 1336 on the final quarter

1/4 off at 1338

going for a quater at 1338

half off for at 1340, stop moved to break even

gonna try get half off for 2pts at 1340, and leave the rest running

Got another shot at 1342, sellers up here so i'm in. Edit to say - stop is 1344

Damn missed my order by 2 ticks. Pardon my language, but thats called being a di*k for a tick Ah well.

order resting to get short off 1342, stop 1344