All posts by ES Traders

Failure to Breakout of Two Day Balance, Wide POC Near Range High

Failure to break out of the two day balance. The wide point of control from Thursday is just below the high of the two day range.

failed breakout of two day balance

Price acceptance back into the two day balance below the point of control targets the wide point of control at from Wednesday at 2649.25 and potentially the poor low at 2638.50.

Acceptance back above the balance could target 2676.00 and the upper distribution from 3/22, and potentially the high from 3/21 at 2698.25 (bottom of unfilled gap) and gap fill from 3/21 at 2712.50.



(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)

Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: 

2 Day Balance



The ES is currently trading in a small two day balance within a larger multi-day balance

  Two day balance ES daily chart
Two day balance within a larger multi-day balance, ES daily chart

Wednesday’s profile was a balanced, inside day featuring a prominent point of control and a poor low.

2 day balance, inside day

The point of control could act as early support or resistance, or draw price back to it, perhaps briefly, depending on where it opens. Potential trade scenarios in regard to the two day balance could include:

– Look above balance and accelerate/find acceptance higher, targeting prior daily highs
– Look above balance and fail, return back into the balance targeting the wide point of control and possibly the opposite end of the balance, potentially lower
– Look below balance and accelerate/find acceptance lower, targeting prior daily lows
– Look below balance and fail, return back into the balance targeting the wide point of control and possibly the opposite end of the balance, potentially higher
– Remain in balance within or around the current balance (probably lowest of odds)



(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)

Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: 

Inside Day, 40+ Point Rally and Selloff



Price traded mainly within the upped distribution from Friday’s profile, dipping into the lower distribution in the final period when price sold off over 40 points from the high.

inside day
Inside day

Price one timframed higher from the open through six 30 minute periods, developing a six TPO wide point of control at 2643.00, then abruptly reversed and one timeframed lower into the close.

Split view market profile chart
Split view market profile chart 4/9/18

Monday was an inside day. Price acceptance below 2610 probably targets Friday’s low at 2584.50, and potentially the daily lows from 4/3 and 4/4 at 2573.50 and 2571.25, respectively.

Since Monday ended as an inside. balanced day, potential balance trading scenarios could include price either looking above or below the high/low of the balance and either accelerate or fail, or remain in balance. Monday’s range was 43.75 points. Profiles with many anomalies often have good odds of being at least partially repaired in a future session, if not the next.

Price acceptance above Monday’s high, which is a poor high, targets Friday’s high a 2656.75 and possibly the wide point of control at 2661.25 from the 4/4 profile. The high from that day’s profile at 2672.25 is also a poor high with no TPO’s of excess. Poor highs could signify shorter timeframe traders were in control, leaving good odds of those levels to be revisited, or repaired, at some point in the future.



(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)

Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: