Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Dogpile

ES Trading for 10/8 thru 10/12 2007

By Dogpile, in Market Profile

Recommended Posts

Dogpile    10

Dogpile
Posted

Dalton talks about this set-up in his book... When a good 30-min buying tail forms a higher low -- that is bullish. The futures market has strong tendency to run stops above or below the recent high/low. This tendency is what makes a lower high and higher low important. If the market isn't even strong enough to run stops above a spot everyone knows there are stops... then that is a message -- we need confirmation by a break below the high-volume 1570 level. That could come in an overnight gap down.... we will see.

5aa70e0e4ef33_Oct10LowerHigh.thumb.png.cc4f617912f000bd5c167a17c3d7014f.png

Share this post

Link to post
Share on other sites

Dogpile    10

Dogpile
Posted

looks like we have moved out of the muckity muck now. getting away from 1570 was a very good thing to happen -- hopefully will open the range up as we now don't have the high-volume zones in either direction to worry about for a bit.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept