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  TheNegotiator said:
Anyone else take the long @VPOC/VWAP/Low Vol there?

 

I'm long 96.00 area...not the best location... I was waiting to see a test of 94.00 on the rotation we got to 94.50/// SO I'm in...

 

I'm going to scale in front of single & yest mid-point @ 1401.00 ish & then target gap fill

 

If this thing shows any energy I ""might" add on rotations if it doesn't get too far along to the potential targets//

 

Otherwise ..

 

BTW: I see flags everywhere.. 15m

 

Edit:

I am not crazy about the 94.00 - 94.50 area..that is where I actually would have preferred getting long... on a stop picking run... so that, unless we breakout here is still a rotation risk, imho... so I may add there to reduce my average or just suck it up... my risk on this one is a bit out of line but I'm pretty confident in my levels - until they get broken... :helloooo:

Edited by roztom

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Yeah, those buyers had better start getting free and easy though soon. Can see plenty of reason to get up there yet if it doesn't - look out below!!

 

Not breaking up though is not the same as breaking down :crap:

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  TheNegotiator said:
Yeah, those buyers had better start getting free and easy though soon. Can see plenty of reason to get up there yet if it doesn't - look out below!!

 

Not breaking up though is not the same as breaking down :crap:

 

I edited my last post... :crap:

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  TheNegotiator said:
Press the big green buy button please

 

Not fair..I already donated to the FLoor Traders Retirement Fund...maybe we should start a thread: BUYERS WANTED - ES at reduced prices.... :rofl:

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MP efficinados say that the prev days VAL 97.75 is resistence to this upmove and that we have to penetrate the VA to go higher... Also yesterdays open is right there so it might rotate from there... The key landmark/ initial obstacle to me is yest open, not the VA...

 

If we get past the open then we will be on the open road up the mountain... What is logical here, IMHO is that we rotate a bit..this will test the longs...

 

If I see the "Right Stuff" I may add.. if it fails :doh:

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  roztom said:
MP efficinados say that the prev days VAL 97.75 is resistence to this upmove and that we have to penetrate the VA to go higher...

 

True although I'm not a fan of "value" when it looks like it does here. On the other hand, it is the same area as yest open and single prints.

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  TheNegotiator said:
True although I'm not a fan of "value" when it looks like it does here. On the other hand, it is the same area as yest open and single prints.

 

My flags measuring objective is 1401 ish which is that single...so that may be where I jettison my load... assuming I don't get dumped first..

 

We could still get to that 94 - 94.50 area on rotation so that is going to be my concern on this trade until we resolve it... or show some more energy going up so we can rotate to higher swing lows...

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Looking at the orofile from yesterday... 1402.50 is an obsacle then close 1404.00 & NVPOC 1405.50...If for some reason we get up there we could even test that bad high from yesterday but I am not going to hang out for all of that...

 

BTW I have a CLVN @ 1405.50 so that might also come into play... :2c:

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  TheNegotiator said:
It's all coming to a head now. Got to do something soon, right?

 

It's YOUR turn to push the green button...:rofl:

 

Josh: Maybe you can push the green button? :confused:

Edited by roztom

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  roztom said:
It's YOUR turn to push the green button...:rofl:

 

Josh: Maybe you can push the green button? :confused:

 

lol -- Tom, I have already pushed the green button and am probably not going to do so until near the close. I had a beauty of a trade this morning, I bought 92, one tick from the low, exited a bit early, but got back in and have had a stellar morning. I have that dangerous feeling where it's like the market has been going where I send it in my mind. Joking about this, but it has been one of those days. Took 1 tick of heat on each of the two trades, it simply doesn't get any better feeling than that. I had my level at 92 to watch, the volume poured in, tried to break down, weaker volume and couldn't push it, and off it went north. My mistake was the early exit, as my target was somewhere between 98 and 00. But, I did get back in.

 

If anyone's wondering, I had two areas to look to buy: 93.75-94.25, and 92.00-92.50. The bids stopped it cold at 92... I would not have randomly bought there if I had not already been watching it like a hawk, and if the volume/tape didn't support it. Both aligned, and it was a good opportunity. As always a bit of luck too, as anything can happen, but luck earned in this case I think.

 

BTW, earlier I simply meant that you spelled Linn "Lind" ... call him Bill or Dr. Linn or Buddy Joe if you like ;-)

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I think I'm Hullucinating flags... I find the 15m bars work very well for me to easily see where the rotation extremes might be.. Also they clear the clutter out from my view of range & tic charts I use..

 

The 15m are very clear to see triangles/flags .. If you think about it the pennent is pretty much a triangle or coil which will build energy for a directional move...as long as the pennent doesn't get out of shape they are pretty good.. today's looks good so far evenrthough we are overlapping now in a trading range...this is when the rotations become probable, imho... got to pick those stops below - "easy money"... :confused:

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  joshdance said:
lol -- Tom, I have already pushed the green button and am probably not going to do so until near the close. I had a beauty of a trade this morning, I bought 92, one tick from the low, exited a bit early, but got back in and have had a stellar morning. I have that dangerous feeling where it's like the market has been going where I send it in my mind. Joking about this, but it has been one of those days. Took 1 tick of heat on each of the two trades, it simply doesn't get any better feeling than that. I had my level at 92 to watch, the volume poured in, tried to break down, weaker volume and couldn't push it, and off it went north. My mistake was the early exit, as my target was somewhere between 98 and 00. But, I did get back in.

 

BTW, earlier I simply meant that you spelled Linn "Lind" ... call him Bill or Dr. Linn or Buddy Joe if you like ;-)

 

Nice work Josh.. I'm glad somebody is ringing the register... I'm still waiting: The market said "my check is in the mail.." :confused:

 

BTW: Here is the rotation.. GRRR :crap:

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BTW: This is when my floor trader buddy laughs at me..

 

I had 2 pts in my longs which are now under water and he would have grabbed most of that 2 pts on his 20 or 50 lot whatever he put on... & then repositioned for another rotation if it set up for him...

 

I have run numbers and it is true that as the targets go out the probabilities go down however...when I trade like him my costs are so much higher the costs kill me... He keeps telling to lease a membership so I can trade like him but my brain is too slow for that level of continouus focus..

 

BTW: He owns one of those fast Cigarette boats and owns several race cars -Type "A" personality... he stands at a podium when he trades... He has a warehouse where he has the largest monitors available up on the walls 54" or something... 6 of them and the fastest technology. He also has a fulltime assistant to handle his orders, etc...

 

He is a VP guy also...

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