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ES Short Term Trading 02-04-2011


Weekly RTH profile.


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30minmp02042011
Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.
I'm sure Kool will confirm but that is what I have as an initial projection. I'm being a little suspect of it though because of the nature of that reaction down.

Originally posted by prestwickdrive

Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.
Originally posted by prestwickdrive

Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.


I hope the above helps someone. I focus on energy futures and the initial projection for CLH1 off of the jobs number was 90.62 (based on the 91.35-90.90 move). While I was typing the above it hit 90.63 and I missed it and it just rebounded to 91.20. Ugh. Kools Tools work most of the time in all markets I have tried them with.
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onprofile02042011
Originally posted by prestwickdrive

Correct me if I am wrong KB but from that initial reaction off of the jobs number it looks like the ES wants 1296.0 from an initial projection off of the 1308.5-1300.75 move and 1288.25 for a full move unless we take out 1308.5.
..correct, that would be by the book
Today, believe it or not, im looking for a relatively flat day (on a closing basis).. its too late now ,but historically speaking , you always fade the NFP move!!! from Bespoke...
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nfp day tendancies
Be advised, the secondary top give a similar area!...
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1155
trying to sell 1304.25... heres what my longer term 13 min looks like...
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1156
looking for first resistance at 1302.50...
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1157
exited 1302.50.. bingo!!!...
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1158
#$!@ stopped on the runner at 1304.00, loss of 1.5...now up 3.5 on the day