ES 1-5-2009


Watching the 910 area this morning...

VAL 910.25

910.50 is the 61.8% retrace level of Friday's up trend.

Below 910 we have the 904 level:

Weekly Pivot Point at 904
Daily S1 at 903.75

904.25 is the 78.6% retrace of Friday's up trend.

POC at 913.75... will probably be ignoring this level today.

Pivot Point 918.25... will be ignoring this level also.



construction spending # at top of hour. 916 is sq 9
L 1 @ 18.50
flat 20
l @ 20.25
1 off 22.25
flat 22.75
Good morning. Paper trading with Ninja Trader. Strategy Runner did not seem to have the comprehensive drawing tools that Ninja has. Thanks to VO and KB that introduced Harmonic and Elliot waves.

Made 3 pts with SR. Enough for today. So it is testing and trial with the Ninja.
ABC off Globex Low retest... 2B with 8:20am low ?



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projection off Globex Low retest ... 2B with 8:20am Low ?
All thwe negative diversions of friday need to be met, I hope....
PT trading the 2B!! thats what got me long @ 18.50

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quote:
Originally posted by Margie

myptof, I thought you were joking the other day, hilarious!



lol, no its real...its just a divergence trade, need to have been in a trend and a higher high or double top (or close) The divergence is the big thing. I ended up drawing eyes and naming it for my own amusement. I've been calling it the Batman for years now.