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ES Short Term Trading 6-7-10


Here's my charts with Price Action S/R levles ... significant ones in Red and semi-significant in Magenta. The Cyan dashed lines are the Weekly Pivot levels.

First is the Daily ES chart:
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es daily for 6710

And the 30-minute bar chart of 20 days:
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es 30m sr for 6710
they will test a previous 30 minute bars high...( but from where).if only we could get a good signal off the 56.25 RAT!!
woohoo! LONG AT 1056.50, split the diff between Bruces ratchet and my 1067.00... covering one at 1068.50.. stop to be and runner near 59.50
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809
The details are in the thread My Trading Plan. However, to save you time, I'll give you a brief here. Basically using BruceM's ratchet levels, i saw that right before open the market had tested 68.75 and dropped below it. Therefore, I decided that I was going to go short away from it towards 62.50 area.

This is in testing mode.


Thank you, appreciate your quick response. I will go through that thread now.
OUT HALF AT 1058.50 FOR 2 EASY HANDLES.. STOP AT B.E. 1056.50, NOW I CAN RELAX... AND HOPE SHE WANTS HIGHER
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810
PS: THE RED AVG O/N THE 13 MIN IS AT 1062.50, ANOTHER REASON I THINK THEY PUSH IT UP THERE,, ALSO THEY'LL TRY TO REGAIN FRIDAYS CLOSE ... KUDOS BRUCE O/N YOUR 56.25 NUMBER/!
Nice trade Kool and great to have ya back...I took the long off the double inside bars...was hoping to get 62.50 and then a trade above that 30 minute bar but I think I'm gonna get runners stopped .If we fail at this 56 it could get ugly quick....at least down to 50 - 51 I think .. I will not try another fade
The challeng down here is that TIME seems to have validated these lower prices....nobody is finding todays prices such a bargain to get a rally going....and that 60.50 is the spike bar low so the longer we stay below there then that increases odds to just tank down..

Hate to be so negative...just calling it as I see it...just stopped out...
No fades for me now......I want to sell
Originally posted by BruceM

a bad close below that spike bars low leads me to believe that the 38 - 37.50 will be tested soon...


probably overnight eh?