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ES short term trading 5-28-10


Anyone trading today?? anyone shorting 06.25?
I'm done at 95.75..I'm not jerking around for that triple..this could bop around 94 - 95 ..sorry I never posted entry ..it was jsut too fast..but it had to due with that Tick/vol divergence..but I was way off the low
in other words I didn't buy those new lows...but sure wish I had...
All that I know is that selllers are waiting at 1078 and 1072 to cover losses. We should see 1069 but when time will tell.....
I hope u all enjoy your day off with the market on Monday and get to enjoy your families this weekend....for those americans here lets not forget those who gave up so much for us...
If we live long enough we should see all these prices again....LOL! for me I need a time frame to make that usable....I stick to the Rachets!!
Originally posted by ak1

All that I know is that selllers are waiting at 1078 and 1072 to cover losses. We should see 1069 but when time will tell.....
hey red u once asked about triples being S/R when broken.....this might be a good example..especially if they hold this brief drop..as a matter of principle I'd like to see them run out those triples above..it just would be cool..

Volume trying to be symetric so trade between 91 and 96 will round that out some more..
hopefully the patient buyers are accumulating for that last thrust up in 5 minutes..or less..got that..to getthose triples
Bruce, you really called this afternoon! I am learning a lot from you. Made some money because of it too. They took out those 98 triples even. Kudos!
there we go a prfect run out of trips....the 3:20 train left right on time...see my post.....didn't take it but it was a good one to watch...
great...that's what it's all about...did you see how they make them sufer sometimes to run a triple.....wow!!
Originally posted by Piker

Bruce, you really called this afternoon! I am learning a lot from you. Made some money because of it too. Kudos!
Anyone position long right now. I shorted at 1100 on Friday with my stop at 1110. Could use a looser stop. This could push into 1125. The trend to me is still down and feel the upside if this trades back down to 1040 again is very big. The break of that support could send the market into a free fall. 950,875,800. These levels will be next to be tested if that happens. The jobs numbers seem to be pretty important in terms of what the bulls are doing. I'm short two contracts. No price target looking to use two stops. Bring one to entry and the other as a trailing stop if I get onside.

Also if anyone has money kicking around CME in my opinion is a decent long. Nice on the charts Daily and Weekly. CME Group was heavily involved in the package to Europe. Trading at $316. Stop at $290. This thing was up near $700. It will see $450 again on the conservative side. 8-9 percent risk for 50 to 100 percent return. This is a longer time frame trade. 1 year or more.