sanchez

hey, guess life got in the way again. guess I missed the big recovery in the economy. With foreclosures soaring and unemployment virtually nonexistent, it's no wonder we shot up so hi. This is exactly why I personally don't listen to economic news or more accurately, the A-Holes on TV. The same morons that missed the collapse are now going to tell us when the recovery is going to kick in?? ppppffffhhhhhhh rrrrrright Anyway hope to get back to trading soon. Been enjoying some time with the folks the past few weeks as they are in town on a visit Be around tomorrow,. 79-89 level should be interesting..............see how price reacts there. same with 55-65 area

nice run over the last few weeks.....100 points. End of the 3rd Quarter in a few more days eh. think htat might have something to do with it?? Did you say bonus? A-holes....all of em, lol Hope everyone was able to take advantage of the PA. Trying to settle out some personal stuff and hope to be back to trading real soon Good Trading

Hey, It's been a while since I have made any real posts. Taking some time off @ the end of summer with all the nonsense that comes with it is never a bad idea. Also a few family issues with my dads health has taken a bit of my attn and focus from the mkts. Hope to be posting on a more regular basis soon, as if anybody cares Hope everyone was able to navigate the chop and low vol w/ success. Good Trading

NFP should be nice this week lol

Thanks Erie!!....u might need to explain it to me though:)

where the hell is Beeks??

Hey Biegea, There are a few, if not many, variable with each trader. how many contracts one trades, acct size and then the psychological impact that winning/losing trades have on a trader. I used to be a pure scalper in the equities mkts (SOES) in 1998-2003 and the transition has been difficult. When I switched to trading futures I started out with the Russell 2K and I felt it was more conducive to scalping. The ES is more liquid but also has more back filling and washout moves, imo. Having said that, I feel that trading the ES is either a 1-2 tick profit on size or stepping back and looking at the forest and trying to see the bigger picture. This is what I have come to realize and it has helped my trading tremendously. I don't roll the dice. If the mkt generated PA in an area I am interested in begins to change, I exit or I don't enter a trade. I use the 1 min chart all the time when it's time to look inside & see the bigger picture but if I manage the entire trade based on the 1 min then I usually have issues. When I take my entry, I'm either right or wrong. If the trade takes to long to develope or the auction is not behaving as I would have hoped it would, then I exit. I can always get back in if I realize I miss read the mkt. Hope that helps, if not I can take it a step further Good Trading

interesting O/N PA going into the 10AM #. LVA 1117, HVA 1119.75 & 1123 & 1127.5

ATR = 20. 135 min POC 91.75 area. Big LVA zone 96-1104 area on 135 min. the 405 show LVA at 02.25 and hva 94.5 so both TF have a certain amnt of confluence. Fri in the summer....have fun

sorry for not being more up to date with my posts. hope to get back on track this week. I see the 1058.25 NPOC was taken out Yest NPOC is 1068 with a 1064 close which might be a gap depending on where we open. Currently trading at 1055.5 As discussed int he chat room last week, the 1065-1055 area is all on lighter vol. It's like a big lva and price might look to explore and trade as per the 405 min(daily) chart. hva below 52.75, 50.25, 46. hva above60.5, 67, 74 lva below 55.5, 43.75, 41.5. lva above 68.75, 75.75 ATR 19.25 gaps 1090.25 and 1024 with NPOC at 1039.5 Good Trading

interesting day yest. looks like we filled the gap and then continued to new hi's on the day Pretty even vol dist between 1079 & 1088, with a small lva around 1084 Yest POC is 1082.25. We missed the NPOC at 1074.75 & 1058.25 so that is still in play NPOC at 1108, 1118 above as well news this AM and it's Fri. in the summer time. key in on the first 1 -1.5 hours unless range and vol indicate otherwise Good Trading

I won't be around today. Nice O/N range....we had an 11 pt swing, a 10 pt swing and the other was a 9 pt swing....avg=10 pts lol The low being yest POC keep an eye on the 405 min...the 1102, 04.75, 09.25 above. The 91, 88.25, 83, 78 areas below watch the individual profiles for each day....gaps and NPOC.s, IB's etc Same old, same old Good Trading

Holy cow!!! who woulda seen this coming???

hope u guys have been doing well in this mkt. Range has pretty small for the past 4 sessions. HVA's have been great in attraction price on the 405 min. 1102.25 lva and 1110-1112.5 hva on the 405 above. 1083 lva and 1078 hva (POV) on the 405 below. ATR=22 The open price has been great the past few days. Did they set us up for the news on wed and thurs?

Hey SR, I like to look at the DOM or T/S (time & sales) I look to see if there is size and if that size is trading. Again, the s/r levels are the important thing as the tape can simply be a head fake. I am only interested in the tape @ areas of interest. I also look at the harmonics/waves.....how far have we traveled vs the avg wave hgt. etc. Big vol into s/r is key for entries & low vol on bounces or pullbacks are equally important to help stay in a trade or re enter. this week I might not be around too much but I have been posting charts in the chat room...tough to do both but I will try do do so even if it's after mkt hours

5 pt O/N range triple topping right into the 6/24-6/28 sideways PA. 1068.75 being a LVA on a daily chart. The area between 1067-1055 is questionable as composite vol is relatively low but consistent. Looking inside of the daily, the 135 min indicates low vol areas at 65.25, 62.5, 53.5, 50.5 below & hi vol areas 58.5, 40.25 below. lva above 79.5, 82.25, 90, 94.5 and hva 70, 73.5, 85-87.5 gaps 1070.5 above & 1024 below NPOC 73.25, 87, 1108 above & 58 below fri in the summer...going to watch the opening PA and try to make a few points early and be done for the day Good Trading

been in the chat room with a few guys casue it's real time I like to do the hva/lva manually but thanks for the heads up. I don't ue the delta as much as I should but I am about to incorporate it a bit more. Harmonics, as I use them, are just the avg wave height of a particular time frame. I use these in conjunction with s/r levels....the more the merrier but as a stand alone thing it really depends on the tape or PA as well extend the length of the wave. Hope that makes sense

Spike on unemploy news this AM coupled with yest rally(no one knew the news would be positive....naaaaahhhh) & I guess everything is fixed and everything is all better. Do I think that the shorts are actually buying this mkt so they can short at higher prices? Sure I do but that type of thinking had me all messed up yest and I was fortunate to have made a few points when all was said & done. My levels were pretty good & being patient & waiting to trade those levels was the ONLY thing that stopped me from taking a ball beating. Understanding the mkts a bit and what/who drives them is OK but I can't let that interfere with trading what is in front of me which is why I took mostly short trades Being away for the last few weeks certainly didn't help my trading so I should have been a bit more mentally prepared, instead, I traded like a mental patient yest. Today I have taken a bit more time for myself pre mkt and tried to relax myself and verbally reiterate what has become a very natural process/zone I get into when trading the mkts everyday. I didn't do that yest and it could have been costly.

prety flat O/N session. watching the lVA yest at 29 We had a double distribution day(maybe even a triple dist) yest as well 35.5 being the POC 20 running a close 2nd and 25 had some good vol there as well No news today except the normal BS comments from the peanut gallery which is always the case

Thought I was going to be around this week but I still have some work to finish up. Should be around tomorrow. Interesting LVA on the daily at 02.25....just where the overnight PA stopped and reversed

Itrade, I don't use the VAH but many people do. HVA = hi vol area. I look at them on many diff charts. I will be trading the AM session tomorrow and I'll be in the chat room so I will be able to splain it better. Glad it's helping

interesting AM PA so far. After probing the 16-17 level the mkt bounced & made a DT @ 27.75 to the tick. 21.5-24.5 is the hi vol area in the pre mkt so far with 24 being the POC As u can see on the daily chart I posted, there is an HVA at 1025. This how I start to look for confluence. I don't put a tremendous amount of weight on pre mkt PA but I am aware of what takes place. Quite often these things are not a coincidence. some news this AM to take note of. Do u think any of it was already factored in? Will we bounce if the reports are bad and drop if the reports are good? I certainly don't know and I don't give a shit either. All I can do is be prepared with my levels and do my best to watch the PA ( how the mkt reacts) as we approach these levels to make my trade decisions. I know what I'm looking for in terms of PA so the decision becomes prety clear as price approaches. Take the time to do this & nothing else and it might help the decision making process for you to. For this exercise, don't be looking at all of your indicators and other mkts etc., don't even touch the mouse. Take a deep breath and relax and just let the PA tell the story. I am not saying that u will see this right off the bat but it's like anything else, practice, practice, practice. If u are VERY used to looking at a DOM or T&S then watch the prints as well(ONLY WHEN PRICE REACHES YOUR AREA) u will find this can be helpful too but if this is not part of your regular routine then focus on the chart for now as that stuff will only make it more difficult...trust me. Less is more quite often the NPOC at 1024.5 was taken out at the end of day yest. we have another one at 994.75 and a gap at 995.75 as mentioned th other day so u knew this already. another NPOC 978.75 and another gap at 956.75 38.75 is the NPOC & 1025.5 is HVA from yest, 62.5 NPOC above that. Gap at 1070.5. yest LVA 1030 and 33.5 1017, 1011-1009, 1007, 1002.25 daily HVA and LVA below 30.75, 32.25, 37, 41.5-43.5, 46 and 48.75-50.25 above Good trading today

I will not be around tomorrow, again, but I will be around in the AM on Fri

Stipps, Not sure how u are using or what u consider to be "PA" but I believe that PA is evidence in every mkt. The diff with the forex mkt is that vol is not present, you can get tick vol on some platforms but it's not true vol

Yes I do but I don't have a set # of days I look back. I try to use the most recent swing hi to swing low on my 135 min chart. That helps me profile the most recent PA or most recent auction. The auction process is like any other buying /selling process, think about a dept store, flea mkt, super mkt etc it doesn't really matter. If inventory is too hi or product just isn't moving, it goes on sale....20% 30% 50% etc. once the price reduction is low enough, the consumer flocks and inventory is reduced, mission accomplished. Sometimes sale prices aren't low enough to interest the consumer and price must be reduced further. In trading this is a retest of the HVA / LVA & this is why I rarely just sit an order out at a specific price. I want to see where the consumer views value. Hundreds of years ago, It used to be trial & error but with spread sheets these days it's fairly easy find where the break point is. this is how the s/r levels are formed as I see it Hope this makes sense.