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ES short term trading 01/14/11


I agree with koolBlue as to the high gap opening tomorrow because it is the only way the ES will overcome the 1283/1284.50 barrier if it wants to continue higher.

Looking at the all sessions 60m chart you will see that it's attempting to make what appears to be the #2 E.W. Notice also that the oscillators are moving downwards towards the oversold area. Maybe they will turn right around the 50% oscillation, creating a short down cycle.

if that is true, then "if awake" I'll be buying above 1284.50 (Today's high) or lower if a set-up presents it self in a lower time frame. Then I'll be holding on to my horse. LOL
Maybe the Asian market will do the buying, around 2AM E.T.

Will see, and as always; the market has the last word and in due time will show us the way.
The set-up never came up, so my alarm never went off to wake me up.
Currently and base in my calculations from the 1274.25 low made O/N If above 1278.50 will target 1282.00 and possibly 1287.00. Failure to find support at 1278.00 will have me looking for a retest of the low and possibly lower to 1273.75 and 1269.50. Will see, in due time the ES will show me the way.

ES trading 1278.00 @ 09:22
Originally posted by i1hunter

I agree with koolBlue as to the high gap opening tomorrow because it is the only way the ES will overcome the 1283/1284.50 barrier if it wants to continue higher.

Looking at the all sessions 60m chart you will see that it's attempting to make what appears to be the #2 E.W. Notice also that the oscillators are moving downwards towards the oversold area. Maybe they will turn right around the 50% oscillation, creating a short down cycle.

if that is true, then "if awake" I'll be buying above 1284.50 (Today's high) or lower if a set-up presents it self in a lower time frame. Then I'll be holding on to my horse. LOL
Maybe the Asian market will do the buying, around 2AM E.T.

Will see, and as always; the market has the last word and in due time will show us the way.
O/N Profile. Bigger range then recently. Should be interesting heading into a 3-day weekend.

Keep an eye on the euro.


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onprofile01142011
Weekly profile. 76 will be a key number.


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30minmp01142011
God ,i hope im right about the re-test! Short from 1278.75
me too although, it looks like i might be donating today.
So far, i still feel ok about this trade, but time will tell... usual stop is in place
1278.00 hold up well and moved up to the 1282.00 target. 1278.00 still the base support and above 1282.00 will target 1287.00. I'm keeping my eye on 1284.50 (yesterday's high, there's strong resistance there. I'm flat and waiting for next set up.

ES trading 1280.75 @ 10:10
Originally posted by i1hunter

The set-up never came up, so my alarm never went off to wake me up.
Currently and base in my calculations from the 1274.25 low made O/N If above 1278.50 will target 1282.00 and possibly 1287.00. Failure to find support at 1278.00 will have me looking for a retest of the low and possibly lower to 1273.75 and 1269.50. Will see, in due time the ES will show me the way.

ES trading 1278.00 @ 09:22
Originally posted by i1hunter

I agree with koolBlue as to the high gap opening tomorrow because it is the only way the ES will overcome the 1283/1284.50 barrier if it wants to continue higher.

Looking at the all sessions 60m chart you will see that it's attempting to make what appears to be the #2 E.W. Notice also that the oscillators are moving downwards towards the oversold area. Maybe they will turn right around the 50% oscillation, creating a short down cycle.

if that is true, then "if awake" I'll be buying above 1284.50 (Today's high) or lower if a set-up presents it self in a lower time frame. Then I'll be holding on to my horse. LOL
Maybe the Asian market will do the buying, around 2AM E.T.

Will see, and as always; the market has the last word and in due time will show us the way.

Nice rejection of that 1282 high volume zone.

Below there are low vol zones at 1279.50 and 1271.25
Flat after being stopped out and watching...
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1056
it had potential but the signs of trend are here...like the test and hold of the open print, the closes above yesterdays highs,the Overnight high and 60 minute highs....so all those things had me thinking that would be a tough fade...comparing this chart with Wednesdays chart offers lots of educational value..

Congrats to those who were able to hold for those upper numbers and nice projections too.