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ES short term trading 7-1-10


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877
Thanks for that great explanation.
What made you believe that there was going to be an ABCD move when it happened, any clues to look for?

I am also looking for a buy at the 18 level as well.


Guys keep in mind tomorrow is unemployment report!
Originally posted by wvalen28

koolblue,

What a great disappointment if you stop sharing your posts. I just found this website and have finally started making money following your entries and exits. Please continue sharing with all of us.
...too many strange goings ons on this thread.. im off to trade the'mud' with my buddy Vo! he set up a room on skype. see ya!!!
that's me flat...off to great adventure.....and vote to keep Kool posting I gotta go over this thread later
Originally posted by sjzeno

Thanks for that great explanation.
What made you believe that there was going to be an ABCD move when it happened, any clues to look for?

I am also looking for a buy at the 18 level as well.


Guys keep in mind tomorrow is unemployment report!



It was that final break above 1017. I was trying to estimate a target for the breakout move. 1022.5-1023.5 appeared to be a logical target, as it was also YDay's lo.
I intially exited at the 1116.25 area...the 15 minute i looked at had a matching high later.....shut my chart down but I had a low range at 16 area in first 1hr and 15 minutes.....will look when I get home and address it.......sorry...good luck for the rest of today.....what happened Kool...? what is strange ? need to read all these later...c ay later...
Originally posted by sjzeno

the 12:15 bar on the 15min. is the first low range bar of the day.

The high of that bar is 1014.5 and the bar itself has a range of 3points.So 1014.5+3 gives 17.5 and S1 is right above it at 18.

Is this analysis correct Bruce??
see Price overlap thread......do a search...I really gotta run now...let me know if ya don't find it or perhaps someone can help you find that in my absence.......ok, wife angry and kids waiting in the car....glorious day trading life
Originally posted by wvalen28

what is this air pocket you guys talk about?
Kool got some questions with regards to your cycles.

Just a heads up though these cycles are happening now while I was compiling this post.

Okay, so I saw two potential cycles on the 5 minute chart. Let me know if I am seeing this correctly or not.

1. The Low at 11:05am (1006.00) to the Low at 12:25pm (1011.5) [???or should I be using the low at 12:20pm because its a down bar???]
Well if we use 12:25pm as the second low bar this predicts a short term peak around 1:45pm?

2.The High at 11:45am (1017.5) [??or should I use the 11:35am peak its an up bar and more volume??] to high at 12:40pm predicts low at 1:40pm.

I Hope this makes sense to you it helped me stay in my long a little longer to get that 24 number.

Any advice would be great
23-23.50 looks like it might be resistance as its where we have the volume spike from the morning.
Originally posted by sjzeno

23-23.50 looks like it might be resistance as its where we have the volume spike from the morning.


Yes, this rally has stalled around the 1023-1024 area. Lots of confluence of resistance here:
YDay's lo 1023
Gap fill 1024.5
7am(PST) selloff started at around 1024 area.
Originally posted by phileo

Originally posted by sjzeno

23-23.50 looks like it might be resistance as its where we have the volume spike from the morning.


Yes, this rally has stalled around the 1023-1024 area. Lots of confluence of resistance here:
YDay's lo 1023
Gap fill 1024.5
7am(PST) selloff started at around 1024 area.


wow, TICK spiked up to +1500 !! That was how much supply was in the 1024 area. That should be support now, looking for longs at 1023
Thanks Nigel, I missed that from the chart:

last post, going to keep trading not posting... no one pays it much mind anyway! good luck gang!


@koolblue - you have plenty of silent followers. Keep posting!

Also, look at your reputation on the Members List - as I type this you are the second most voted for trader on this site which means that other traders here think that what you are posting is high quality.