ES 12-18-2008


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  • lordalfa
  • 18-Dec-2008 at 7:20 AM
  • Rep: 140
  • Posts: 264
Good morning to the USA, good evening in Asia. As of now, 45 min before RTH. It took a steep plunge to the pivot at 903, all in less than 10 min.

As a short term scalper. Lets see for the first 3 mins to confirm EMA3 is on top of EMA9, 3 green candles with bearish resistance with MACD pointing up. Target 4 points with SL at 3. Trailing stop change to 5 when price changes to 3.

Have a profitable day everyone.
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45 mins to RTH 18 Dec 2008
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  • VOwater
  • 18-Dec-2008 at 1:49 PM
  • Rep: 133
  • Posts: 4,121


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  • myptofvu
  • 18-Dec-2008 at 1:51 PM
  • Rep: 2,018
  • Posts: 666
sitting @ 894.50 for a long
94.5 is bottom of singles we had coming into today between 94.5-97. 93 is -50% IB extension
With the Fed making money free (0%)i.e. borrow 50 million and pay it back with another borrowed 50 million ad infintum, it won't cost you a dime, it seems volatility will leave the stock market and futures and head for the currency mkts with the dollar tanking. The euro today is going ape sh&*

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  • myptofvu
  • 18-Dec-2008 at 2:24 PM
  • Rep: 2,018
  • Posts: 666
quote:
Originally posted by myptofvu

sitting @ 894.50 for a long


no fill cancelled trying again 887:50 long

out 889:50
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  • VOwater
  • 18-Dec-2008 at 2:24 PM
  • Rep: 133
  • Posts: 4,121
l @ 86
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  • VOwater
  • 18-Dec-2008 at 2:26 PM
  • Rep: 133
  • Posts: 4,121
1 off 89 stop 87
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  • JackS65
  • 18-Dec-2008 at 2:29 PM
  • Rep: 100
  • Posts: 379
Short from 896.00 x 2 added 2 more below out at 888.00 23 pts.
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  • myptofvu
  • 18-Dec-2008 at 2:30 PM
  • Rep: 2,018
  • Posts: 666
any word on what caused that 10 point drop?
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  • VOwater
  • 18-Dec-2008 at 2:31 PM
  • Rep: 133
  • Posts: 4,121
GE downgrade
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  • feng456
  • 18-Dec-2008 at 6:11 PM
  • Rep: 994
  • Posts: 340
quote:
Originally posted by BruceM

Thanks Vo that's what I had imagined ...so you can use price projection failures on the lower time frame to get you going in the direction of the larger time frame......
quote:
Originally posted by VOwater

and yes bruce the bigger time frame projections do indeed carry more weight



speaking of failures....*cough *cough

(im alluding to myself)

yes yes i need more confidence but poking fun at myself is better than seriously saying im a tool.
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