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ES Short Term Trading 4/14/2010


Here is a simple S/R levels that I confirm with fibs and past days zones to target a good entry point.

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simpleidea
Originally posted by phileo

short 1204.25, 1.5pt stop, initial target 1201


What's your angle phileo
Originally posted by ak1

Originally posted by phileo

short 1204.25, 1.5pt stop, initial target 1201


What's your angle phileo


Just watching TICK, and noticed that a cluster of TICK > +550 can't push price above 1204.5.
buyers unwilling to initiate at 1204.5, NYAD already +1485, so further upside would be limited.
This is admittedly countertrend short, since all EMA's still pointing up.

Now it's your turn, what was your setup/trade parameter/entry criteria for going long 1196?
still absolutely amazed at the size in the ladder.

except for the inside market smallest size (either side) is 2800, ask side has several 6000's

koolblue, do you think this could be evidence that large positions are actually starting to test the waters of distribution?
1196.25 WAS THE PREVIOUS HIGH SO PRICE SHOULD BOUNCE TO RTH OPEN
Originally posted by PAUL9

still absolutely amazed at the size in the ladder.

except for the inside market smallest size (either side) is 2800, ask side has several 6000's

koolblue, do you think this could be evidence that large positions are actually starting to test the waters of distribution?
Dont know ,Paul! What i would really expect is a series of days with ups and downs but basically mish- mash sideways before a significant fall. ....
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sc
out 1203.75 +0.75pts, but what a grind.... need to look for better setups, that's for sure...
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580
weekly R2 is 1207 this week...very cool...and holding for a 1203 retest in overnight
Originally posted by ak1

Originally posted by rburns

I second your comments Bruce. Boasting is just useless BS


My approach is very simple and would like to share it but for those voting against me and giving comments, please let me know if you can assure me that the concept will not be misused by tricky vendors to sell it to innocent nubies. That is why I post trades as I take them so that all can benefit.

I wouldn't say that people were "voting against you." I would say that people were letting you know that they didn't find value in that particular post that you made. They also told you why they didn't find value in that post.

If a bunch of traders vote down a post that I make then that's valuable feedback for me that there's no or little value in that post. If lots of people vote it up then I know that I'm doing something right. If they vote it down and tell me why then that's great news because I can try and add value by modifying my posts.

Say we were all standing in a room and you said "I got short at 1200" and then I said "I got short at 1200 because that price is R2." Whose comment with the traders in the room appreciate more and clap or cheer for more?
Originally posted by ak1

Beautiful
09:15:19 BUY_LIMIT 1196.25
09:30:04 SELL_LIMIT 1199.50


EHEEE!!!!!!! Stopped out... loss 4 pts. Went long at the 8:29 red candle <--- this post was made by AK1 in his topic "trading the open"

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I did not vote on this one. I do understand everyones thought process;
but it looks to me; AK1 is showing both sides
That is correct redsixspeed. I take trades with a 4 pt SL. I want my fellow traders to benefit. That is why I post my trades so that everyone knows that I am taking trades not just calling them for fun. But if my posts are unwelcome that's fine. I will stand on the side. Cheers everyone. Enjoy your trades.