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ES short term trading 12-31-10


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1011
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new years subsamples
...see today, ny-1?
I did just sell 1252.50, but i would deem this as 'risky' since there were good positive divergences on the technical indicators on all time frames up to 30 min from the prc low!..Next resistance would be around 1254.00....
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1012
I will exit at 1250.50, if they let me ,in order to be ready to jump in at 1249.50
Bingo!..out at 1250.50..plus 2 handles on 2 es... waiting for 1249.50 (hopefully)
Whoop!...there it is!..long from 1249.50 (nice fill).. if this doesnt hold tho ,your looking at about 2 handles lower.. have to leave for a bit ..un sure of my exit ,but i want at least 1252.00 so thats where i'll put my order for now
fwiw Eur/USD is hitting the upper Bollinger band on the daily and all other subsequent time frames....and at naturally resistance 1.3400 on a low volume trading day.
Out at 1252.00...plus 2.5 handles on each..
From the daily notes page here at mypivots!... Note the Demark pivots . You can see why these are the only ones i ever pay attention to!. I dont trade off of them ,but use them more for confirmations of my price projection techniques.

Daily Pivots for day following 30-Dec-2010
Classic Woodie Camarilla DeMark
R4 1272.50 1269.50 1257.75
R3 1266.50 1263.50 1256.25
R2 1260.50 1260.50 1255.50
R1 1257.50 1257.50 1255.00 1256.00
PP 1254.50 1254.50 1254.50 1253.75
S1 1251.50 1251.50 1254.00 1250.00
S2 1248.50 1248.50 1253.50
S3 1242.50 1245.50 1252.75
S4 1236.50 1239.50 1251.25

Weekly Pivots for week ending 24-Dec-2010
Classic Woodie Camarilla DeMark
R4 1312.75 1304.75 1265.00
R3 1291.00 1283.00 1259.00
R2 1269.25 1269.25 1257.00
R1 1261.25 1261.25 1255.00 1265.25
PP 1247.50 1247.50 1247.50 1249.50
S1 1239.50 1239.50 1251.00 1243.50
S2 1225.75 1225.75 1249.00
S3 1204.00 1217.75 1247.00
S4 1182.25 1196.00 1241.00
Beautiful calls and play KoolBlue.

I have 1254.50 and possibly 1255.50 targets at 11:50am
ES trading 1253.75 11:26.

Will see in due time the market will show me the way.

Congrats KoolB. Outstanding work!
Happy New Year everyone!..Remember to use a designated driver, practice safe sex,(but not at the same time!lol) and point your automatic weapons in the air before firing! (i was raised near Detroit,Mich!). See you next year!