ES 10-20-08


wow, i dont know how you guys can trade this pit open volitility cause i sure cant.
short term price proj. 948.50
5 min. avg at 955 providing some support but it wont last(in my opinion)
selling one 958.00
stopped at 961.00, 3 point loss...watching
short one from 960.00,3 point stop..looking for 948,exit sooner
ALMOST STOPPED! Gotta break that 5 min. avg at 956.25 for me to be right tho.
covering here
out 953.25, plus 6.75,nice scalp ...up 12.25 buying the 10:59? low around 948 i hope
took one more off at 52.50....that's inside a key zone for me and the opening range bar...still trying for new RTH lows.....only two contracts left to work with
quote:
Originally posted by BruceM

stopped at 60.25..trying again from 68.50..target is 59

I should point out for any interested parties, 1 min proj is 948.50, 5 min is 941.50.. ill likely still try a small buy at 948.50 for a quick 2or 3 handle bounce. Fantastic entry , Bruce!
counter trend weekly, monthly Market Profile i.e. DVAH DVAL, and 30 min Chart with some special RSI settings. Thanks for the compliment, I was going to buy puts yesterday but I waited to long cause I was in a trade, and before I knew it it was 4:03 and its best to do it at the close because the majority of the time the market changes trend short term in the overnight, which will effect options greater.