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ES Wed 9-21-11


Don't forget that today is a Fed Day. Resources for today:

All fed rates over last 21 years:
http://www.mypivots.com/trading/fedrates

The ES on the previous 113 Fed Days:
http://www.mypivots.com/trading/feddays
Originally posted by palmer

wow-
prestwick


Agree. It happens way too often for me to ignore it any more and it works on other vehicles too like crude and Nat Gas which I focus on more. It is terrific to use on crude and gas inventory days. Too bad KB left the room early.
this may set up for some great short tomorrow
I am guessing it may set up a nice long tomorrow if today low holds, will likely trap late shorts to the party and grind higher.... if this supp area holds, many will just look at this as a higher low.... just another perspective.... nobody knows until whatever happens happens...
Originally posted by della

this may set up for some great short tomorrow
A repeat of today's lesson for me - confirmation often comes at the price of trade location.. but its often a better choice.. gn
Originally posted by destiny

Originally posted by destiny

Originally posted by destiny

No decent set ups in es due to FOMC pending news but CL made an A up and never looked back. Hopefully soon i will be able to trade one more instrument - for a total of 3 - and will not try to force trades.
.

FOMC trade set up @ 2.24 pm. No time to think just trade .

http://www.screencast.com/t/kCs1pnh22


I missed the original down move in CL due to FOMC news but I am sure not gonna miss this one as DXY maintained high levels.

http://www.screencast.com/t/0MTYsRQbd9c5


I do not traded as i wanted either. This is for analysis and reflection

http://www.screencast.com/t/aizvxKhhbaR
Tradezilla, dude, 33 posts today is an "improvement" over yesterday's count ...lol
Originally posted by destiny

Originally posted by destiny

Originally posted by destiny

Originally posted by destiny

No decent set ups in es due to FOMC pending news but CL made an A up and never looked back. Hopefully soon i will be able to trade one more instrument - for a total of 3 - and will not try to force trades.
.

FOMC trade set up @ 2.24 pm. No time to think just trade .

http://www.screencast.com/t/kCs1pnh22


I did not traded as I wanted either. Today after 2.30 pm was like playing at SUPER BOWL.


I missed the original down move in CL due to FOMC news but I am sure not gonna miss this one as DXY maintained high levels.

http://www.screencast.com/t/0MTYsRQbd9c5


I do not traded as i wanted either. This is for analysis and reflection

http://www.screencast.com/t/aizvxKhhbaR
Y, I think all these posts are taking away from my trading judgement.. I'll contribute my numbers but need to concentrate on my trading again.. For me

above 70.50 is bullish
Under 66.50 is bearish
anything in between is indeterminate..
However, I do have to say I don't understand why the enthusiastic vote downs on my rep.. I've basically given aways years of expensive experience and many good calls at your disposal.. You can clearly see that the calls are mostly accurate and explained how I came to those conclusions but its all good... At the end of the day, its just between us and our account balance.. GN all
Originally posted by DavidS

Trade plan
1- shoots up to 1193.50 or higher to 1197, short as 1198 R level
2-drops below lod, go with it using 1189, 1187 as s/r line
1181-2 the 38%, target below that would be 1175,1171, or lower(1160)
above 1198 will reevaluate
between em all is 1193.50 key level imo and working good above and below so far today
1189 should have been a buy signal? there's a message there somewhere 1193.50 the key to me
maybe will muddle around in the area
Magic Beans!


You were right on the MONEY. CONGRATULATIONS.
using price as leading indicator
thinking overall down but subject to change my mind
Appreciate the sentiment but it's not about that. It was an event trade(earnings,fed,etc...) He/She who hesitates is lost.
No news. No volume. Price is always the leading indicator. :)
1998 was resistance. Didn't make it?
Stopped at 1996.50 I think.
The 1182 target was missed by a tick. Took about 4 minutes top to bottom. That was the event.
Correction stopped below 1189. Other levels represented in corrections/ pauses and 1260 exceeded. Extension.
This was posted pre fed announcement. The objective is to be right, in the trade, even if 98 was hit.

Originally posted by destiny

Originally posted by DavidS

Trade plan
1- shoots up to 1193.50 or higher to 1197, short as 1198 R level
2-drops below lod, go with it using 1189, 1187 as s/r line
1181-2 the 38%, target below that would be 1175,1171, or lower(1160)
above 1198 will reevaluate
between em all is 1193.50 key level imo and working good above and below so far today
1189 should have been a buy signal? there's a message there somewhere 1193.50 the key to me
maybe will muddle around in the area
Magic Beans!


You were right on the MONEY. CONGRATULATIONS.
using price as leading indicator
thinking overall down but subject to change my mind