ES 12-18-2008


  • 0
  • 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.
Click image for original size
45 mins to RTH 18 Dec 2008
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  • 0
  • koolblue
  • 18-Dec-2008 at 10:29 AM
  • Rep: 48.6k
  • Posts: 16k
ill re enter short at 907.75
this last lift started on news the White House is nearing a conclusion on the automakers bailout
  • 0
  • BruceM
  • 18-Dec-2008 at 10:33 AM
  • Rep: 216k
  • Posts: 19.9k
s 06.50..concern is hour range run out on highs possible
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  • BruceM
  • 18-Dec-2008 at 10:35 AM
  • Rep: 216k
  • Posts: 19.9k
new tick highs without the ES or YM...
  • 0
  • koolblue
  • 18-Dec-2008 at 10:35 AM
  • Rep: 48.6k
  • Posts: 16k
dam, the 1 min proj was 907.50 and they cant over shoot 1 tick?... sigh..order cancelled...watching
  • 0
  • BruceM
  • 18-Dec-2008 at 10:37 AM
  • Rep: 216k
  • Posts: 19.9k
both in key resistance zones...only thing I like below are those 901.50 doubles
  • 0
  • koolblue
  • 18-Dec-2008 at 10:38 AM
  • Rep: 48.6k
  • Posts: 16k
next mini peak due about 10:54-55
bigs have been steadily buying since the top of the hour from a trough of -5k to +7700 now
  • 0
  • BruceM
  • 18-Dec-2008 at 10:39 AM
  • Rep: 216k
  • Posts: 19.9k
flat at 6.50...not enough volume
  • 0
  • BruceM
  • 18-Dec-2008 at 10:40 AM
  • Rep: 216k
  • Posts: 19.9k
thanks PWD
  • 0
  • 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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