Emini Value Area Report for ES and TF – 9-11-2013

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.

This recent webinar I did with Trader Kingdom covers the single most important thing you should know about trading. I also cover these concepts in more advanced form with students in my mentorship program. Be sure to watch it HERE.

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 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 called Nindicators to do this analysis. These tools enable me to plan out day trading techniques using, in particular, the Nindicator Value Profile tool.

For the ES Emini SP Futures:

Bull Scenarios:

If we open above 1682.00 look to buy at 1682.00 or 1681.50 areas.

If we open above 1683.25 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 1679.50 look to sell at 1679.50 or 1681.50 areas.

If we open below 1676.75, 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, 1679.50 and 1682.00, 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 1053.20 look to buy at 1053.20 or 1052.50 areas.

If we open above 1055.30, 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 1049.90 look to sell at 1049.90 or 1052.50 areas.

If we open below 1047.30, 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, 1049.90 and 1053.20, then ranging is more likely.

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

Remember to check the Open Report on the Nindicator YouTube Channel just before the open of the day (you should subscribe so you are notified): http://www.youtube.com/user/Nindicators?feature=mhee

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.

Interesting in learning more from Rob? You can follow his blog over at MarketTradersJournal.com.