1305

I think I mentioned 1305 every day for a week now – “under 1319 nvpoc and mcpoc = potential 1305” Tough to trade with a rally on bad news on Tuesday and a collapse/news spike on Wed. Market entered late Jan range, found support at that combined with historical volume ledge – balanced and built…

composite 05/30

Composite on 24 hour chart Resistance 1350/54 nvpoc / hvn 1337.5/1339.25 – current balance prev vpoc / prev balance bottom 1330/1331.5 – hvn / nvpoc Support 1319 MCPOC – 4 days VPOC 1315 HVN 1310 LVN / key area 1305 prev mcpoc 1298 volume ledge RTH chart – Resistance 1347.25 LVN / NVPOC area 1335.5…

24 hour composite – 05/28

Gap up overnight but market struggling at Fridays session highs. There was light volume then and now however on days like this the market can make large moves – e.g potential crushing of record short interest in EURUSD. under 1319 nvpoc and mcpoc = potential 1305

05/25

What happened in overnight session – DAX break out and gap fill. I thought it was overbought so I took a short from 6400 and got 80 pips to my target (spread trade, not a full 25 euro contract unfortunately) DAX was +1.5% at one point, surprised the ES didnt do better. This is why…

05/24

S/R on RTH and 24 hour time frames Resistance: 1335.5/1337.5 MCPOC RTH/24 1329.25 1330.5/1331 – VAL added 1327/1329.25 LVN/HVN 1319/1320.25 – YdayHi/VAH 1310 line in sand Support 1305 MCPOC 1297.5/1300 volume ledge + yday VAL, Yday NVPOC 1287/90 weekly low, HVN

this week in context

When I saw the last hours of Wednesday I knew I recognised some of the levels from earlier in the week – the 1297.25 volume ledge, the 1305/1310 area the market has been fighting with and the 1316.75/1318.75 HVN/NVPOC The week in context vs last week: 24 Hour chart with S/R areas: Composite:

05/21

Resistance: 4. 1316.75/1318.75 HVN/NVPOC 3. 1310 Friday High, HVN 2. 1305 Friday Naked VPOC 1. 1302.75 Friday LVN Support – 1296.75 ONPOC / HVN and below = 1. 1290 Friday Low – HVN / volume ledge 2. 1287.25 Overnight Low – profile is thin under 1296 to 1287 3. 1279/1283 MVHVN 4. 1269.75 – MCHVN…