Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Search the Community

Showing results for tags 'highs'.

More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Welcome to Traders Laboratory
    • Beginners Forum
    • General Trading
    • Traders Log
    • General Discussion
    • Announcements and Support
  • The Markets
    • Market News & Analysis
    • E-mini Futures
    • Forex
    • Futures
    • Stocks
    • Options
    • Spread Betting & CFDs
  • Technical Topics
    • Technical Analysis
    • Automated Trading
    • Coding Forum
    • Swing Trading and Position Trading
    • Market Profile
    • The Wyckoff Forum
    • Volume Spread Analysis
    • The Candlestick Corner
    • Market Internals
    • Day Trading and Scalping
    • Risk & Money Management
    • Trading Psychology
  • Trading Resources
    • Trading Indicators
    • Brokers and Data Feeds
    • Trading Products and Services
    • Tools of the Trade
    • The Marketplace
    • Commercial Content
    • Listings and Reviews
    • Trading Dictionary
    • Trading Articles


There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



First Name

Last Name









How did you find out about TradersLaboratory?


Favorite Markets

Trading Years

Trading Platform


Found 1 result

  1. Over the past few days, the ES has been moving back down from the current highs made at 1377.25 on 2/29/12. The current tight uptrend has been in place since a pullback of around 60+ points in Dec last year. Now many people have been calling for a market top recently and so I thought it'd be useful to discuss the chances of this. Whilst this is a discussion about the ES, of course the same logic can be applied to anything else. Right now, I am seeing some signs of a possible pullback. Note that I said pullback not top. I think the distinction is important as I personally feel that the stock markets could be ultimately set to go much higher given the support that is so freely offered to them. I have done a couple of charts to help illustrate a key point. The first shows how until yesterday, the last 3 consecutive RTH sessions in ES to show lower highs were actually before the 60+ point pullback. Admittedly the ranges were much bigger at that time, but nonetheless, since then has been pretty much one-way traffic. The other point is that value or most traded volume in the same last 3 rth sessions, has been lower each day. Now this is not to say we are going into a retracement necessarily either. It's more than possible that we do move lower to establish a short term bracket low and move sideways for a time before moving one way or the other. Auctions basically tend to go:- Imbalance-Balance-Test-Imbalance The current move up from Dec '11 is imbalance. Anyway, balance can be short or not so short. The next chart shows possible areas of importance where the market may no longer be imbalanced to the upside and possibly when it may become imbalanced to the downside.(1350 odd and 1330 odd). The question is, what do you guys think of the odds of a short term retracement here?
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.