Jul 082014
 

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The SP ES Emini Value Area Report and TF Russell Value Area Report are a day trader, day trading plan based on Auction Market Theory and Market Profile techniques for Emini trading of the S&P 500 Futures and Russell Emini Futures markets.

Even if you do not use this type of analysis, you should know about it, because large numbers of very well capitalized traders use this approach in their futures trading. As a result, it is likely in your best interest to know and understand it as it is part of a complete trading education. I have written about these techniques here: http://markettradersjournal.com/volume-profile-analysis/ and elsewhere in this blog.

I also advise reading the outlook for both markets as they are related markets. Knowing both markets can improve your intraday trading by helping you to know when there are important day trading signals. Differences between them can also provide clues to what is really going on (though I do not cover cross market analysis in this report). The report is for use on the date posted above based on profile numbers from the trading day before.  I use the NinjaTrader platform with a set of tools from http://www.IndicatorSmart.com to do this analysis. These tools enable me to plan out day trading techniques using,  in particular, the SmartVolumeProfile tool.

 

For the ES Emini SP Futures:

Bull Scenarios:

If we open above 1960.75 look to buy at 1960.75 or 1958.25 areas.

If we open above 1967.50 then this is even more bullish and may cause a runner to the upside started by stops being hit.

Bear Scenarios:

If we open below 1955.50 look to sell at 1955.50 or 1958.25 areas.

If we open below 1952.75, then this is even more bearish and may cause a runner to the downside started by stops being hit.

Neutral Start Scenario:

If we open between, 1955.50 and 1960.75, then ranging is more likely.

Always be cautious of the impact of reports that come after the open of the day.

 

For the TF Russell Futures:

Bull Scenarios:

If we open above 1170.20 look to buy at 1170.20 or 1167.70 areas.

If we open above 1182.40, then this is even more bullish and may cause a runner to the upside started by stops being hit.

Bear Scenarios:

If we open below 1163.20 look to sell at 1163.20 or 1167.70 areas.

If we open below 1161.90, then this is even more bearish and may cause a runner to the downside started by stops being hit.

Neutral Start Scenario:

If we open between, 1163.20 and 1170.20, then ranging is more likely.

Always be cautious of the impact of reports that come after the open of the day.

Compare this report and the Open Report with your own analysis.

Glossary: 1) VAH – value area high, 2) VAL – value area low, 3) POC – point of control, 4) HVN – high volume node, 5) LVN – low volume node, 6) VPOC - virgin point of control, 7) A letter "C" in front of 1-5 above constitutes the same for a composite profile. Composite profiles are profiles composed of more than one day of data.

Note: These reports may vary a bit from Nindicator reports as they may under various circumstances use slightly different calculations.

 

 

 

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