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ES 03-23-2011


Good morning all. Just a few thoughts I wanted to share. We have a unique situation here with at least two of the best traders you will find anywhere Kool and Bruce along with a number of others ( sorry for not mentioning all} sharing their thoughts thru out the day. They give price levels and reasons prior to making a trade. This is the most valuable assist a trader like myself can have. No I do not attempt to blindly piggyback their trades but knowing what price level they are interested in and why sure helps me. So that makes up the proticall here. Pls feel free to post but do it before the trade and say why.

[Admin edit - removed off-topic material]
SEE, that dam red avg(15 ema) on the 5 min chart is at 1283.34, and as always that will be hard to break thru! in my favor were at the upper prc band on the 5 min chart and overbought... so im hopeful...
"i'll take one off at the one min lower band at 93.50."

Confused on this. You are short correct? Are you saying 93.5 as a stop?

Thanks for posting your charts...interesting.
Originally posted by G Runt

"i'll take one off at the one min lower band at 93.50."

Confused on this. You are short correct? Are you saying 93.5 as a stop?

Thanks for posting your charts...interesting.
yes i am short from 1285.25.. trying to cover one (im short 2 es) at 1283.50...(i think i mistyped 93.50, sorry..hard to trade and post!!!) this mish mash has me wanting to unload both es at 1283.75 now! my stop is currently 1286.50
Thanks. I was following, but that threw me off. Tough reading while trading too!
Originally posted by G Runt

Thanks. I was following, but that threw me off. Tough reading while trading too!
im really sorry.. i do that sometimes.. i work a full time job nights and have only had 3 hours sleep so far!
Thats another reason i want to hurry up and exit both at 1283.75 instead of holding a runner for closer to 81.50... need sleep!!!
No worries. I am short at 85. 3 point stop. watching for a move to 80 then re-eval.

Still looking for the gap fill underneath and Japan carry over for a bit. If we can hold 88, we may be off to 1300 in short order.
there...out at 1283.75on 2 es,plus 1.5 on each! that completes a nice day for me! i suspect lower, but i cant rule out a move as high as 87 or so first... gotta get some rest ..Good trading all!!!
Click image for original size
banana097
Footprint chart shows longs piling up
Hey MM,

I traded FOSL, PLCM & BIDU, great trades!

Looking foward to your posts

Diana

Originally posted by MonkeyMeat

That's GREAT Nigel! Even though the ES gapped down and sold down early, most of the stocks held up with most moving up pretty quickly and steadily when looking at their 5min charts. Of course there's always gonna be a lemon or few that don't behave as anticipated.

NFLX (which can be a mean bastard sometimes), FOSL,OPEN,DVA,SINA and BIDU were all good pretty much from the start ... looking at their 5min charts. Then again, it's where you get in and out that makes a good long trade work (or not).

PLCM was the skanky lemmon and AH kinda all over the map ... woulda been a psychic to pull any money outta those other than the late day rally in AH.

I'd invite others to take a peek at the daily and today's 5min charts on these to see what some good setups in equities can do. Anyway, no horn tootin' for me ... been doing this too long to have ego involved. Just glad someone made some coin with 'em!

Also, as I've mentioned before about equity picks I've posted ... they can act as an INDICATOR for ES trading. If the majority of good long picks just fall apart ... tends to signal more weakness in the market (ES). If they are holding up strong, then it can signal strength in the market with potential intraday upside asserting itself in the ES.

Btw, what stocks were you in NIGEL?

Originally posted by NIGEL68

Thank you MM for those stocks, took 3 of your stocks and made more than $400 today.

Keep posting



Originally posted by MonkeyMeat

For any equity traders out there, if the market moves up, here are some stocks that may offer some potential good long plays for a day trade (or more) today and perhaps the next couple of days.

NFLX, FOSL, AH, OPEN, PLCM, DVA, SINA, BIDU

Some look better than others ... but I'll be watching these. If the mkt sells down, then best to avoid 'em for now.

MM