Day Trading the E-mini Futures

[TheNegotiator 13]

below 100 or above 200 is easy enough

[TheNegotiator 13]

69k prev rev 77k .

[TheNegotiator 13]

looking to see what happens @75 area here if we get any extension.

[TheNegotiator 13]

86.25 there is the 50% of the nfp move so far.

[TheNegotiator 13]

looking to see what happens @75 area here if we get any extension.

 

also possibly @77 .

[TheNegotiator 13]

Just looking at the geometry a little bit here. Interestingly, if you take the NFP move (92.50-80.00) and plot the 100% reversal extension, where does that come in? 1305.00. Virtually right on the long term high volume price at 1304.75. Decent target if we do reverse at all I'd say!

[TheNegotiator 13]

Not too much I have noted on the chart today. Just that the current retracement area is the single print buying tail from 1/18/12:-

 

[TheNegotiator 13]

half gap is gonna be somewhere in the region of that lvn you mentioned b4 bakrob/ yesterday's low.

[TheNegotiator 13]

This smells very much like "Fed has gotta do QE3 now"-type action!

 

Btw that retrace there 1-tick failed the whole NFP move...

[TheNegotiator 13]

and just to remind anyone who's reading, we have ISM at 10am!

[TheNegotiator 13]

much lower than where we are now (87.50 ish) and I feel it has the potential to become slippery down to o/n low.

[TheNegotiator 13]

DO NOT LET THE MARKET HYPNOTIZE YOU! If you don't have a good idea of what is going on, you don't have to trade

[TheNegotiator 13]

If you don't have a good idea of what is going on, you don't have to trade

 

Or of course if you value your sanity!! (lol, maybe that's just me :crap:)

[TheNegotiator 13]

Watching carefully now as near current low and near IB completion

[bakrob99 11]

Very large upside Median Line which price is reacting to quite accurately. Would not be surprised to see a strong rally out of these lows. Watching - Stalking.

 

Need to take out 86.25

[bakrob99 11]

Here's what I'm seeing.

 

[bakrob99 11]

Here's the way I look for the buy zone (green shaded area).

 

Confirms ML trend. At least for now.

 

[bakrob99 11]

not looking so likely now .... changing it to Schiff ... its still in play

[TheNegotiator 13]

I have to say, that first chart is making me dizzy! I suppose it doesn't matter if you can keep track of it all though. Move to and reversal from midpoint and low vol there was sweet.(forgot to mention VWAP too)

[bakrob99 11]

I have to say, that first chart is making me dizzy!

 

It is busy becuase it has all my key reference lines on it. Plus I draw trendlines. It's not bad once you get used to it. Each KRA is color coded.

 

I had 1281 and 1292.50 on my chart since 5:30 AM as Composite Low Volume Nodes. They have framed today's NFP price action perfectly. The small green dashed are PRIOR R.T.H. Daily Lows. The Cyan dashed is a left over Gap (settlement) that got filled today. The Big Green dashed are High Volume Composite Nodes. The White Big dash is today's opening tick. The small white dash line is a horizinal line I use to show me the price of various price action ideas. That's about it. Look at it for 6 years and you get used to it.

 

 

BTW ... the Schiff median line is holding still and suggests we could rally.

 

Recent low was 1 tick higher than prior low. We'll see what develops.

[bakrob99 11]

Here's a plain view.

 

[bakrob99 11]

Mind you, it could also be this...

 

[bakrob99 11]

Looks like the downward sloping ML is working.

 

[bakrob99 11]

Measured Move, D-Target hit as shown

 

[bakrob99 11]

Nice bounce off D-Target (measured move)

 

 

And the 10K chart bounce is impressive