Tag Archives: prominent POC

ES 8 point trading range

The ES traded in just an 8 1/4 point range on Wednesday, leaving a very prominent point of control at 2155.00.

es-8-point-range

Market profile balance trading rules could apply if price opens within this range on Thursday – look either above or below balance and accelerate, look above or below balance and fail, or continue to balance. A breakout from either side should have better odds of continuation if price first trades to Wednesday’s wide POC, or fairest price.

Wednesday’s high at 2158.00 was just a tick below the previous session’s high at 2158.25. Weak, mechanical trading references have good odds of being tested in either the next or a future trading session.

Tuesday’s profile left a poor low at 2136.00. Trading below Tuesday’s low with acceptance could possibly bring lower references into play as noted in our previous post from Sept. 29th.

(the above post and every post 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. Please read our disclaimer)

Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: 

Balanced, Inside Day

balanced inside day.

Friday was a balanced, inside day trading contained mainly within the middle distribution of the previous trading session. Possible trade scenarios (barring another gap open) for the next session could be to look outside of either of balance and accelerate, or fail and return within the balance. If look outside of balance and fails the destination trade is the opposite end of the balance.

There are probably lower odds of price staying within the balance. Breaking out of balance, to either side, should have better odds of follow through if price first visits the very wide point of control from Friday at 2061.50 and reverses.

(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. Please read our disclaimer

Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: