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AR01 Price Area Journal (Not a trading journal)
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AR01 Price Area Journal (Not a trading journal)

  #31 (permalink)
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03_01_10 Results (Awesome First Day with Zones)

We had an awesome first day with the resistance lines and zones.

Our first resistance line was hit and the market pulled back waiting for the news (bringing sellers into the market). The news pushed down to the open and then like a sling shot went the other way. Then the move was up to our upper zone. Once those stops above the resistance were broken then it was smooth sailing up to the zone.

The first penetration into the upper zone was resistance and then a 5 point pull back (just like the prior pull back almost to the tick). Then we went right up to the zone again and eventually within 1 tick of the high of the upper band.

Sweet

Upper zone: 1112.75 - 1115.75
NYSE Open:1107
Lower zone: 1102 - 1098

Attached Thumbnails
AR01 Price Area Journal (Not a trading journal)-picture-1.png  
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  #32 (permalink)
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03_02_10 Pre-Market

They didn't want us in that move overnight last night. The market went from 1116 to a high of 1122. They didn't hold any areas for very long so the resistance / support is somewhat suspect.

Upper zone: 1123 - 1126
NYSE Open:
Lower zone: 1107.75 - 1110.75

Attached Thumbnails
AR01 Price Area Journal (Not a trading journal)-picture-1.png   AR01 Price Area Journal (Not a trading journal)-picture-2.png  
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  #33 (permalink)
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03_02_10 Results


The upper resistance line acted as such today. Then a pull back and a push to one tick away from the Upper zone. A very narrow range today.

Upper zone: 1123 - 1126
NYSE Open:1119.25
Lower zone: 1107.75 - 1110.75

Attached Thumbnails
AR01 Price Area Journal (Not a trading journal)-picture-1.png  
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  #34 (permalink)
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03_03_10 Pre-Market

There are three lines today. The additional red one is from yesterday and has been a key point in the market going back to 2/19. See the 30 minute chart.

Note: as I was typing this up a quick move happened to one of my resistance lines. I may need to do this again prior to market open.......

Upper zone: 1120.75 - 1123.75
NYSE Open:
Lower zone: 1110.75 - 1113.75

Attached Thumbnails
AR01 Price Area Journal (Not a trading journal)-picture-1.png   AR01 Price Area Journal (Not a trading journal)-picture-2.png  
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The following user says Thank You to AR01 for this post:
 
  #35 (permalink)
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03_03_10 "Mid-Morning" Update

Well, I'm done SIM trading for the morning. I would have done much better had I trusted my pre-market areas.

Prior to the NYSE open the upper resistance line was broken and price went to the tick to the bottom of the upper zone. Price then opened at 1120.25 pulled down to the upper blue line (as support and blasted up into the zone. 10AM rolled around and it moved within 1 tick of the top of the upper zone. The picture speaks for itself.

Is the bottom of the zone playing support now?????

Upper zone: 1120.75 - 1123.75
NYSE Open: 1120.25
Lower zone: 1110.75 - 1113.75

Attached Thumbnails
AR01 Price Area Journal (Not a trading journal)-picture-4.png  
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  #36 (permalink)
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03_03_10 Results

I said I was done SIM trading but took another point based on my question about the bottom of the zone being support. The answer was yes.

FROM THE MID MORNING UPDATE
Prior to the NYSE open the upper resistance line was broken and price went to the tick to the bottom of the upper zone. Price then opened at 1120.25 pulled down to the upper blue line (as support) and blasted up into the zone. 10AM rolled around and it moved within 1 tick of the top of the upper zone. The picture speaks for itself.

END OF DAY UPDATE
Whoa. The blue lines and upper zone were fantastic. Price came back down at 10:33 to at the tick support in the zone and the went and poked it's head out. It slide back down into the zone and worked it's way to the lower level tried to hold a couple of times and then down to the bottom blue within a tick. Right back up to the upper blue. Again, the picture speaks for itself.

For the fun of it I added SMI4 on the second picture (See Holy Grail 2 Thread). Hmmmmm, further analysis is due.

Upper zone: 1120.75 - 1123.75
NYSE Open: 1120.25
Lower zone: 1110.75 - 1113.75

Attached Thumbnails
AR01 Price Area Journal (Not a trading journal)-picture-1.png   AR01 Price Area Journal (Not a trading journal)-picture-2.png  

Last edited by AR01; March 3rd, 2010 at 10:23 PM. Reason: spelling issue
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  #37 (permalink)
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03_04_10 Pre-Market

No comments this morning I'm behind. Picture attached.

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  #38 (permalink)
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03_04_10 Results

I got up late this morning and only added the picture to the pre-market post. I have added the zone information below that was in the pre-market picture.

The market moved up off the open to chop around in the upper zone. The 10:00 move started down and didn't quite make it to the lower blue line. The bulls jumped back in and ran it back to the upper blue line and chopped it around hitting the lower part of the upper zone as resistance. The third time broke the zone by the time I got home the upper zone high was met.

Upper zone: 1120.75 - 1123.75
NYSE Open: 1119.75
Lower zone: 1109.50 - 1112.50

Andrew

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  #39 (permalink)
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03_05_10 Pre-Market

These moves for the 5:30 news before I draw my lines screw with my reading. I am less confident in my areas this morning.

Upper zone: 1132-1135
NYSE Open:
Lower zone: 1124-1121

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  #40 (permalink)
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03_05_10 Results


The market open at 1129.25 and went to the lower blue line to the tick and then screaming back up to the upper blue line. It paused there to consolidate and then to the upper zone and within 2 ticks of the top. There really wasn't any threat to the bottom of the zone and the next push was out of the top.

Upper zone: 1132-1135
NYSE Open: 1129.25
Lower zone: 1124-1121

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