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Saturday, June 23, 2007

Current chart 6/22



This post is yesterday's chart for the ES, back to the present.

Here are some ideas for profiting from this intraday action - to be looked at:
  • Trading of the open
    • Gives most chance of catching a trend day
    • Trade the breakout of the first cluster
    • Trade the bottom of the 2nd cluster in the direction of the 2nd bluster breakout
    • Trade a top heavy pattern cluster
  • Trade with regards to value placement of each 15 min bar, i.e. stick with trend as long as value is rising look to exit or short if value is static or falling
  • Trade around previous high/lows - look for rejection by low number of TPOs and a build of value above - look to trade at value for breakout
  • Trade for market break if price clusters at an extreme for extended period
  • Trade to previous 15 minute highest TPO value - scalp type trade
Just some basic beginning ideas to check out.

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