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]

1283 is O/N low. Prices coming back to it again here.

Originally posted by Lisa P

Watching retest of that level 1279.50-79.75 from caption I posted before

Hope you got in LISA!!! good call, btw..

Kool, and an early one too...lol

Im going to sell 1285.50, but one only ... dont want to give back much today! its the median line on the 13 min, the 1.618 proj, and pt's 100 ema on the 5 min chart...oh yeah, and the upper band on the one min chart...

Originally posted by koolblue

Im going to sell 1285.50, but one only ... dont want to give back much today! its the median line on the 13 min, the 1.618 proj, and pt's 100 ema on the 5 min chart...oh yeah, and the upper band on the one min chart...

LOWERING MY ORDER TO 1285.25

CMON DAM IT ..push!!!!

Bingo!... now please head south! lol

Heres how i'll play it(at least untill i get the downside projections) i'll take one off at the one min lower band at 93.50... if on the other hand we mish mash sideways for a while i may exit ...i dont want to see it take too long to form a top here!

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