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ES Short Term Trading 02-03-2011


Ice and snow everywhere!

Here is a look at the weeks profile to give us an idea where important zones are sitting.


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30minmp02032011
Too early to tell yet ,but....
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1149
hoping to exit both (early?) at 1294.25, as im hoping for a little turn near there and expect the triples to get run out later as we progress to my buy objective of 1289-90
Bingo!
...so far so good!
Kool, I find it very useful when projections come up where the VWAP is for example the 1297 turn.


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1minvwap02032011a
Another key in helping determine if larger projections will be hit is how VWAP support/resists current PA.
Originally posted by Lorn

Kool, I find it very useful when projections come up where the VWAP is for example the 1297 turn.


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1minvwap02032011a

Absoulutely, i used to always have the vwap on my 13 min chart! But since i upgraded to ninjatrader 7 some time ago, ive had trouble importing the indicator!...I'll figure it out sooner or later, hopefully!
just sold 1300.50....
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1150
I'll exit both at 1298.00 so i can get some sleep! (expecting lower tho...
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1151
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1153
...I have re-drawn the very short term projection to reflect the one min initial move... since im up 7 handles today, i'm still going to exit 1298.00 if they let me, and am lowering my initial stop from 1302.00 to breakeven, for zero risk!...Gotta sleep!!!
Wow, that hard spike down just now to 1298.00 filled me!! Thank God! now i'll sleep good up 12 on the day!... i was due!..Good trading all!
Since Kool is enjoying a snooze here are 30-min projections.


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30fibprjec02032011