January 31, 2008 ES Charts

[Soultrader 12]

Interesting chart here on ES 5min. Possible VSA setup combining MP levels.

 

[Soultrader 12]

Long setup continued from previous post:

 

 

Target naked POC from 1/28.

 

[Soultrader 12]

First exit shown. Concept here is price has auctioned too far away from the previous day value. Looking for it to balance out inside the 1/28 value area for now. Second exit target will be based off the IB range OR the 1/28 VAH at 1350 ish.

 

[Soultrader 12]

Final exit chart here:

 

 

Trade strategy here was using VSA techniques at key Market Profile levels with auction theory in mind.

[Soultrader 12]

Interesting potential short setup developing.

 

[Soultrader 12]

Short setup here with exit target chart shown below:

 

 

[Soultrader 12]

Stopped on that short :doh:

 

[Soultrader 12]

Another stab short with stop @ 1354.50. Target 1346 ish. Previous day VAL here.

 

[Soultrader 12]

Ok no more countertrend trades. Getting killed here. Stopped again:

 

[brownsfan019 17]

James - just an observation -

 

1) Great looking spinning top short

 

2) Into a great looking pullback hammer

 

Throw up an SMA and you'll see the pullback clear as day. I took +2 on each of those (fixed targets, esp counter-trend).

[Soultrader 12]

James - just an observation -

 

1) Great looking spinning top short

 

2) Into a great looking pullback hammer

 

Throw up an SMA and you'll see the pullback clear as day. I took +2 on each of those (fixed targets, esp counter-trend).

 

Yea, I hesitated whether to take 2pts or not. The hammer did make me think.. should of reacted faster.