[ant]

Good volume at 11:25am EST (5-min chart) in the ES.

[Dogpile]

agree, best volume bar of day comes to upside after market in total 'balance' --- could be a trap but odds play is to 'go-with' and manage a stop..

[ant]

Originally Posted by Dogpile »

agree, best volume bar of day comes to upside after market in total 'balance' --- could be a trap but odds play is to 'go-with' and manage a stop..

It could be a trap, but I'm sticking to the plan I made outside the "heat of battle". I do want to see it clear yesterday's high on good volume before going long though.

[Dogpile]

btw, the pinball buy is Rashkes way to mechanize Taylors book. The way the book explains it... you buy a 'test' of the previous days high/low. Today was classic. We had a 'pinball buy' to start the day -- and tested the previous day low. A test can be a higher low or a lower low -- the point is to watch the action 'around' the low for a potential entry.

Taylor would call this 'Buy Day, Low Made First' --- its not a long-term trade by Rashkes thinking -- just a trade.

[ant]

Agreed. Pinball buy would have worked well today.

[ant]

So far no trades for me today.

[ant]

I am long 3 contracts at 1482.50.

[Dogpile]

having a nice start to the month... here are my 3 trades for today.

ES/YM did give a pullback but I just scalped it for ~4 pts and 30 ticks respectively.

re pinball buy, I thought NQ had best pinball buy set-up so I was long that this morning -- wish I had held it. (note I entered and exited and re-entered -- as you can see on the chart -- held above my original stop so this was a mistake -- as it usually is -- but I hate losing trades to start my day)...