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S&P Futures /ES - Looking Ahead Analysis (Intraday Tomorrow)

post #1 of 30
2/14/12 at 4:41pm
Thread Starter 

EOD February 14th 2012

 

Price is still developing inside the Standard Auction on the Daily chart

with the top at 1352.5. Last weeks POC at 1341 with this weeks at 1345. 

 

Today's intraday action showed development during the Tokyo/London

session with distributing seller dominated price down to last weeks intraday POC at 1338. 

Buyers and short profit takers alike responded to that price bouncing price

back into development and up to yesterday's POC at 1348. 

 

 

Intraday tomorrow (bottom right chart - 2hr)

Developing price between 1340-1349

Buyer Control > 1349

Fade Targets inside development:

Last week's POC at 1345

Daily POC at 1343

Bottom of Development 1340

Seller Control < 1339

 

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post #2 of 30
2/14/12 at 9:46pm
Thread Starter 

^Buyer Control dominance triggered at 49. 

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post #3 of 30
2/14/12 at 10:17pm
Starting to really like these levels of yours. Right now we see some similarities between today's session and Fri Feb 3rd. I have for a few days been suspecting a gap up and go scenario to be the bulls' best bet for breaking up through 1350 and here we are with the possibility it could play out tomorrow. Still I can't shake a feeling we'll have to at least come back and test upper 1340s perhaps as early as tonight, maybe China's bank says some opposite words to push that big red button.
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post #4 of 30
2/14/12 at 10:24pm
Thread Starter 

I would like a pullback too to give me a shot at entry. 

I think I'm going to start leaving buy stops at key buyer auction levels.

I've done it overnight but not during Tokyo. I mostly trade fades inside

development during that session. 

 

Weekly buyer auction starts at 49.5 with daily at 48 on the 2hr.

Daily chart with buyer's auction above 52.5. 

maintaining these levels is key otherwise we'll see some development

and as you mentioned may test the bottom of intraday development at 40. 

 

I'd like a pullback anywhere from 47-52 for a shot at a long. 

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post #5 of 30
2/14/12 at 10:27pm
Thread Starter 

check out the 6E counter long off of the bottom of development (2hr)

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post #6 of 30
2/15/12 at 5:16am
Thread Starter 

no pullback so far...

 

Where's all of the London session traders? 

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post #7 of 30
2/15/12 at 5:50am

i have an off topic question... do you guys never sleep??

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post #8 of 30
2/15/12 at 11:09am
Thread Starter 

Hahah! Yes. I eat, sleep, trade. 

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post #9 of 30
2/15/12 at 11:55am
Dude I am bowing down to your indicator today, mahvelous. In your experience do you find that certain levels (e.g. today the buyer control line) are sometimes in harmony with market inflection points and sometimes not? I suspect when I first watched them they were not in especially good harmony with market movements but in the last 1-2 weeks they have proven to be very, very useful. It's always possible i am just learning how to see them better, but I'm interested if you have thoughts on this.
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post #10 of 30
2/15/12 at 12:28pm
Thread Starter 

Right on, rando! Sometimes price movement may not be completely aligned but the difference

between spot on and just a little off doesn't seem to affect my trading. 

One thing is it took me a while to trust the levels and theory.

I'm still building onto that trust but I like where it's headed.

They seem to work just as well with CL, GC, and 6E as they do with ES. 

 

 

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post #11 of 30
2/15/12 at 12:34pm
Thread Starter 

Price ran up to the POC at 53 off of that 48 level. 

just watching things now. 

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post #12 of 30
2/15/12 at 12:40pm
Yes me too, in observation mode. Need to see if this little selloff in AAPL will show if it will be a market leader or bleeder in the coming hours/days. We all know how fast the switch can be thrown.
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post #13 of 30
2/15/12 at 4:07pm
Big spread on your indicator for tomorrow's trade. It seems to be suggesting the bears will enter trading with a slight edge.
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post #14 of 30
2/15/12 at 4:27pm


The whole Ichibomb system can be yours for a low low price of $15000...that includes one DVD,one book, one workbook, and some 8-track tapes so you can keep learning on the way to work!

 

And if you act whithin the next few minutes, he'll throw in a signed pair of slightly used shorts, and his 24x36 poster ( semi-naked ) to keep you motivated...
 

Quote:
Originally Posted by rando View Post

Dude I am bowing down to your indicator today, mahvelous. In your experience do you find that certain levels (e.g. today the buyer control line) are sometimes in harmony with market inflection points and sometimes not? I suspect when I first watched them they were not in especially good harmony with market movements but in the last 1-2 weeks they have proven to be very, very useful. It's always possible i am just learning how to see them better, but I'm interested if you have thoughts on this.


 

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post #15 of 30
2/15/12 at 4:30pm
Thread Starter 

Originally Posted by OldFart View Post

The whole Ichibomb system can be yours for a low low price of $15000...that includes one DVD,one book, one workbook, and some 8-track tapes so you can keep learning on the way to work!

And if you act whithin the next few minutes, he'll throw in a signed pair of slightly used shorts, and his 24x36 poster ( semi-naked ) to keep you motivated...

LMFAO

 

Order now and I'll throw in a free OldFart (semi-naked version not included)

 

 

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post #16 of 30
2/15/12 at 4:35pm


X-rated version sent upon request....$5 shipping and handling costs + no refunds on OF's pics....lol
 

Quote:
Originally Posted by IchibomB View Post

LMFAO

 

Order now and I'll throw in a free OldFart (semi-naked version not included)

 

 



 

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post #17 of 30
2/15/12 at 4:42pm
Thread Starter 

February 15th, 2012

 

The Tokyo session offered some burst buying above 49 before slowly fading

back into development on the daily chart. POC at 41 with price currently at 41. 

 

Intraday:

Development 1341-1359 -  POC at 1350.5 (basically right in the middle)

Seller control below 41 with it's first test at 38.5 (POC for January)

 

Here's a few scenarios I'm looking at:

I'd like to see some rotation back up to the POC at 50. May look to go long

above 42 with 45, 50 as targets. From there, I may look to short at 50 with the same targets going back down.

A break above 50 to 53 (buyer's auction) with a pullback on support may offer a buying opp up to 59. 

As mentioned seller control below 41 with it's first test at 38.5. A break below that and a pullback to 38

may offer a short opp with a nice reward down to 33 (bottom of development on the daily chart, top of development

on the weekly chart)

 

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post #18 of 30
2/15/12 at 5:06pm
Thread Starter 

I'm even contemplating going long here at 38 with a stop below 36. 
If it gets below that then I'm wrong and we should see 33. 

 We'll see...

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post #19 of 30
2/15/12 at 6:59pm
Thread Starter 

starter position. see what it can do. 

bid is looking a little too heavy for my taste right now. 

we'll see if that changes. 

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post #20 of 30
2/15/12 at 9:29pm
Thread Starter 

took the stop. guess I should've traded short with price being in the sellers auction. uhh

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