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  • #21,841
  • Sep 26, 2011 10:48am Sep 26, 2011 10:48am
EU has finally made it back up and touched that 3530 upper supply zone level... it did so on no buying pressure so I would be surprised to see EU take out that level this afternoon...

Short at 3520 expecting a retrace... down to 3490ish...
Today's zone = Tomorrow's opportunity!
  • #21,842
  • Sep 26, 2011 10:48am Sep 26, 2011 10:48am
Quoting Steve Gill
Went long on ES at 1137.50 after a test in a rising market off the top of a trigger bar. Stop now moved to B/E (see attached chart).
Steve you rock...
Today's zone = Tomorrow's opportunity!
  • #21,843
  • Sep 26, 2011 10:49am Sep 26, 2011 10:49am
Quoting pres78
Steve you rock...
Yes but you're short EU and I'm long ES - one of us is going to get upset soon LOL
Blogging daily now at www.volume.zone
  • #21,844
  • Sep 26, 2011 10:51am Sep 26, 2011 10:51am
Quoting Steve Gill
Yes but you're short EU and I'm long ES - one of us is going to get upset soon LOL
Yes but we are both at BE... (also how do you think I feel... I am long ES and short EU)
Today's zone = Tomorrow's opportunity!
  • #21,845
  • Sep 26, 2011 11:16am Sep 26, 2011 11:16am
Moved my SL to the low of the highlighted test. If that test failed, I wanted out of my long (at a small profit) and into a short, so I had placed a sell stop order on the low of that test, which has just triggered, closing my long and going short. See attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 5M 260911v7.jpg Size: 208 KB
Blogging daily now at www.volume.zone
  • #21,846
  • Sep 26, 2011 11:19am Sep 26, 2011 11:19am
Quoting pres78
EU has finally made it back up and touched that 3530 upper supply zone level... it did so on no buying pressure so I would be surprised to see EU take out that level this afternoon...

Short at 3520 expecting a retrace... down to 3490ish...
Finding some support at 3485 supply zone bottom... Out of EU shorts and have closed all Oil longs and ES longs...

Short Oil 5min ND at 80.00 (there was a beauty ND which gave an 80.30 entry but I missed it)... It was perfect with it's close right on my previous supply zone high...
Today's zone = Tomorrow's opportunity!
  • #21,847
  • Sep 26, 2011 11:21am Sep 26, 2011 11:21am
Quoting pres78
Finding some support at 3485 supply zone bottom... Out of EU shorts and have closed all Oil longs and ES longs...

Short Oil 5min ND at 80.00 (there was a beauty ND which gave an 80.30 entry but I missed it)... It was perfect with it's close right on my previous supply zone high...
Closed at 79.70 after we saw demand again at 79.60 demand zone. Wicked looking reverse UT closing above the DPV.
Today's zone = Tomorrow's opportunity!
  • #21,848
  • Sep 26, 2011 11:21am Sep 26, 2011 11:21am
Another Oil trade.

We reached previous supply zone.. triple top now.

1st bar We have a kind of 2 bar reversal, would prefer a lower close but we know there is weakness on previous supply zone.

2nd bar We are making higher highs on decreased volume, 2nd sign of weakness

3rd bar Made a ND with the bottom touching 80 level, if it wanted to go higher there is no way it would be a ND.

Had my entry below at 79.98 got out at 79.72 (79.76 with spread)
Attached Image (click to enlarge)
Click to Enlarge Name: oilweakness.jpg Size: 117 KB
Trade Smart
  • #21,849
  • Sep 26, 2011 11:23am Sep 26, 2011 11:23am
Quoting pres78
Finding some support at 3485 supply zone bottom... Out of EU shorts and have closed all Oil longs and ES longs...

Short Oil 5min ND at 80.00 (there was a beauty ND which gave an 80.30 entry but I missed it)... It was perfect with it's close right on my previous supply zone high...

Nice trade !!
Trade Smart
  • #21,850
  • Sep 26, 2011 11:47am Sep 26, 2011 11:47am
Quoting Steve Gill
Moved my SL to the low of the highlighted test. If that test failed, I wanted out of my long (at a small profit) and into a short, so I had placed a sell stop order on the low of that test, which has just triggered, closing my long and going short. See attachment.
Hey Steve we are finally on the same side of the market... I am short 1139.75 off a 5min ND into the low of a previous supply zone...

Nice trading Steve.
Today's zone = Tomorrow's opportunity!
  • #21,851
  • Sep 26, 2011 11:52am Sep 26, 2011 11:52am
Gold,

2 bar reversal,

We are clearly making lower highs,

2nd bar had a higher high and closed lower than previous bar close making a bearish engulfing, price was at a nice resistance area marked in the chart.

Update: closed half at 1:1, rest at BE. Target 1598
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 113 KB
Trade Smart
  • #21,852
  • Sep 26, 2011 11:54am Sep 26, 2011 11:54am
Quoting Osman
Gold,

2 bar reversal,

We are clearly making lower highs,

2nd bar had a higher high and closed lower than previous bar close making a bearish engulfing, price was at a nice resistance area marked in the chart.

Update: closed half at 1:1, rest at BE. Target 1598
Looks like the 2BR's are being kind to you...
Today's zone = Tomorrow's opportunity!
  • #21,853
  • Sep 26, 2011 11:54am Sep 26, 2011 11:54am
Hi, is there a post that describes some of the terms you are using - ND, NS, DPV, ...?
  • #21,854
  • Sep 26, 2011 11:55am Sep 26, 2011 11:55am
Quoting pres78
Hey Steve we are finally on the same side of the market... I am short 1139.75 off a 5min ND into the low of a previous supply zone...

Nice trading Steve.
Nice one - my SL set to b/e - we've got a bounce off the trigger 1135, hopefully not too big a bounce!
Attached Image (click to enlarge)
Click to Enlarge Name: ES 5M 260911v8.jpg Size: 203 KB
Blogging daily now at www.volume.zone
  • #21,855
  • Sep 26, 2011 11:56am Sep 26, 2011 11:56am
Quoting marf
Hi, is there a post that describes some of the terms you are using - ND, NS, DPV, ...?
Best thing is to read master the markets, most of the phrases are in there. ND = no demand, NS = no supply etc.
Blogging daily now at www.volume.zone
  • #21,856
  • Sep 26, 2011 11:57am Sep 26, 2011 11:57am
Quoting Steve Gill
Nice one - my SL set to b/e - we've got a bounce off the trigger 1135, hopefully not too big a bounce!
Last 5min was an upbar but effort to rise... weakness should continue down another level or so...
Today's zone = Tomorrow's opportunity!
  • #21,857
  • Sep 26, 2011 11:58am Sep 26, 2011 11:58am
Quoting Steve Gill
Best thing is to read master the markets, most of the phrases are in there. ND = no demand, NS = no supply etc.
Thanks!
  • #21,858
  • Sep 26, 2011 11:58am Sep 26, 2011 11:58am
Quoting pres78
Looks like the 2BR's are being kind to you...
Once u have a good teacher, they're easier to see


Update: Gold trade closed.
Trade Smart
  • #21,859
  • Sep 26, 2011 12:05pm Sep 26, 2011 12:05pm
Quoting pres78
Last 5min was an upbar but effort to rise... weakness should continue down another level or so...
Looking for 1131.75 as my ultimate target... trade entry was 1139.75 and is at BE. Not in any other trades and done for the day...
Today's zone = Tomorrow's opportunity!
  • #21,860
  • Sep 26, 2011 12:07pm Sep 26, 2011 12:07pm
Quoting pres78
Looking for 1131.75 as my ultimate target... trade entry was 1139.75 and is at BE. Not in any other trades and done for the day...
Why 1131.75 Jason? I don't have any fibs or triggers at that level.
Blogging daily now at www.volume.zone
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