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ES Short-Term Trading 3-7-2011


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Originally posted by pt_emini

Originally posted by koolblue

well i ws right to be suspicious of that as a low!...stopped at 14.50.. loss of 2 handles ..up 7.50 now and watching


Thanks Kool for that nice smooth fill on my Long Entry at 14.50 ...



Spoke too soon, trade got smoked on that flush through 1313.00
Back in Long at 13.00 even for a bounce scalp
just food for thought as i look at the longer term 30 min chart and prc band! The lower bands are around 1301.50 to 1305 and a quick look at D.T.'s daily notes page shows avg daily range between 22 and 24 handles... high so far 1327.25! i must admit that has me cautious on any long!. when you combine that with lousy seasonals this week..and the historical tendency to pullback the week after an expiration thrust upmakes me nervous here(but still bullish longer term!)
Originally posted by pt_emini

Back in Long at 13.00 even for a bounce scalp


out at 14.50 for 6 ticks
Originally posted by koolblue

just food for thought as i look at the longer term 30 min chart and prc band! The lower bands are around 1301.50 to 1305 and a quick look at D.T.'s daily notes page shows avg daily range between 22 and 24 handles... high so far 1327.25! i must admit that has me cautious on any long!. when you combine that with lousy seasonals this week..and the historical tendency to pullback the week after an expiration thrust upmakes me nervous here(but still bullish longer term!)
The point is, even tho i believe we will likely achieve the gap fill at 1308 i alluded to on the weekend preview, slightly lower may be in the cards..like 1304-5 for a 'normal ' range day or tha 1301 area even... i'll likely still scalp longs along the way however!
since my one min chart keeps giving me that 1309.75-1310.00 number and thats the one min lower band ,i'll try a long scalp there if hit (one only!)
order to buy 1309.50
Originally posted by koolblue

since my one min chart keeps giving me that 1309.75-1310.00 number and thats the one min lower band ,i'll try a long scalp there if hit (one only!)


Good call on that one Kool, I tried at 10.50 and chased it a point up off the low and never got a fill.
1307.75 is the big freakin magnet.....careful longs!
heres why im trying a touch lower,... and missed it so far!....
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