No registration required! (Why?)

ES short term trading 5-07-10


Once again a historic day. (the secular bear that started in 2000 has seen many of them!).Unlike 87,(i was trading!), unlike 98, unlike all the history made last year in a historic bear market, this crash was simply stunning. The dow plunged 1000 points not in time measured in 2 days or even all day, but in MINUTES! Welcome to the new dayz of algorithm driven robot trading! TRULY AMAZING . I didnt have many comment or posts during most of it because my charts were messing up (so i thought) and ive been around enough to know when Not to trade. I thought that was pretty much common sense, but apparently some chose otherwise. Foolish! I saw movements measured not in 1 or 2 handle increments like the 87 crash, but moves that looked like 7 or 8 handles at a time.I read one analyst who said they were closer to 20.Anyway, to the future. Like with any major earthquake, there is always the chance of small aftershocks, so please if you decide to dip your toe in the water, exercise due caution and USE PROTECTIVE STOPS!....Trust me, new highs (thats right i said new rally highs are ahead). The world isnt ending quite yet! lol
the DOM for ES has 1/10 the normal size.
I used to see 3K contracts on the b/a
now I see 200-300 contracts on the b/a

All the 'bots are gone !!
I see a short area @1115.75
Originally posted by phileo

the DOM for ES has 1/10 the normal size.
I used to see 3K contracts on the b/a
now I see 200-300 contracts on the b/a

All the 'bots are gone !!


It's simple every big boyz quite for the day. They dont want to see blood in the market.
Originally posted by johnpr2010

I see a short area @1115.75

I see dead people.
Originally posted by MonkeyMeat

Originally posted by johnpr2010

I see a short area @1115.75

I see dead people.

What is it that you're seeing, analysis-wise, for a short in that area?
Originally posted by MonkeyMeat

Originally posted by MonkeyMeat

Originally posted by johnpr2010

I see a short area @1115.75

I see dead people.

What is it that you're seeing, analysis-wise, for a short in that area?


Hey this is for the one that talked tooo much. What the market did? Dont give me minus feedback if you dont know what I am talking. Thanks
Click image for original size
703
Originally posted by johnpr2010

I see a short area @1115.75

Well, your lvl was acting like resistance for a short while.
May have been good for a 2pt scalp.
What was your reasoning to go short 1115.75?
STOPPED AGAIN! at 1118.50..loss of 3 more on one es...i should take up knitting!...Sheese!
Originally posted by phileo

Originally posted by johnpr2010

I see a short area @1115.75

Well, your lvl was acting like resistance for a short while.
May have been good for a 2pt scalp.
What was your reasoning to go short 1115.75?


Simple I draw a fib retracement from day session low to next candle HH after a LH. Then took out levels 161.8 to short on my discretion.
thanks for the chart..have a great weekend