Tag Archives: balance

ES Trades Back Into Prior Range

ES failed breakout of balance

After a failed breakout of balance to the downside on the final trading day of 2017, the ES opened back within the prior multi day balance, trading mainly inside the excess single prints from the 12/29 profile.

Price mechanically bounced from the open print in B/C periods, off the opening (A) period high in E, and off the overnight high in G period, before one timeframing higher into the close and leaving another poor high in the profile that exactly matches the poor high from 12/21 at 2696.00.

split view profile 1-2-18
split view profile 1-2-18

Following the late end of the year volatility on the final trading day of 2017, nothing apparently has changed yet in 2018 as the market is back within the prior multi day trading range, with no volatility or signs of any other larger timeframe participants.

Tuesday’s profile left a long line of excess single prints below the matching B/C bar lows at the open, this area could have good odds of being at least partially filled in. Price acceptance below 2681.75 targets the lower distribution from 12.29.

The profile chart also left another poor high, two points below the all time high. The potential balance trading scenarios could still apply; see price look above and repair the poor high, targeting the all time high at 2698.00 and possibly target the 2700 price level, then either find acceptance at higher prices or fail and trade back into the multi day range.

(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)




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6.5 Point Range, Balance, After Gap Open Higher to begin the Week Before Christmas

gap higher

Potential island reversal or new trading range? The ES gapped open higher to begin the Christmas holiday trading week, trading in a balanced, small 6.5 point range. Euphoria over Trump’s tax plan still dominant.

Often, since large gaps are rarely filled the day or day after they’re created, when the market gaps open by a large point amount it can be the beginning of a new short term trading range.

Monday’s market profile chart featured a very prominent point of control and a poor high, also another new all time high. Balance trading scenarios could apply:

– look above and repair the new all time high (poor high) at 2698.00 targeting the 2700 price level, finding acceptance at higher prices.

– look above repair the poor high and fail to find acceptance, trading back into the prior range and targeting the wide POC, potentially the low of day and gap below. Gaps are a form of excess, they can be visualized as single prints on a market profile chart.

– look below Monday’s range and fail, return back into balance, targeting the wide POC and potentially the poor high and 2700 level.

– look below Monday’s range and find acceptance at lower prices, targeting the excess and potentially the ufilled gap from 12/15.

Another possible scenario would be to remain balanced around Monday’s range, which could be more likely considering the lightened holiday volume, barring any significant outside news events.

Note: There are currently four unfilled gaps since November 15th below the current price. This is highly unusual, poor structure that was likely caused by emotional momentum type short term and day time frame traders. The odds are very high that some of these gaps will be filled in in the near 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)




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Rotational, Balanced Day Ahead of Contract Rollover

balanced rotational day

One day balance in the ES ahead of the March 2018 contract rollover. Potential balance trading scenarios could include:

– Look above Wednesday’s range high/balance and find acceptance, potentially targeting the single print from the low of the 12/5 upper distribution at 2638.00.

– Look above the balance and fail, with good odds of retesting Wednesday’s prominent point of control and potentially the opposite end of the range, and potentially lower.

– Look below the one day balance and find acceptance and build value at lower prices, potentially testing the 2605.00 low from 12/1 and the prior weekly low at 2597.75.

– Look below Balance and fail, returning back into the range and test the wide POC, and potentially retesting Wendesday’s high.

The odds, ahead of contract rollover, could probably favor another balanced type of session on Thursday in the absense of any major news events.

(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)




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