ES short term trading 4/15 /10


  • 2
  • koolblue
  • 14-Apr-2010 at 5:53 PM
  • Rep: 48.6k
  • Posts: 16k
Wow, some action, huh? The power in the rally off of the Feb. low is stunning (3rd waves usually are!). New highs exploded today to 611, a new rally high. This basically means that even if we tank tonite or tomorrow, higher prices eventually are likely. Im going to reprint the chart i last showed on last weekends preview because i think it may be important, and ill try to do a brief update tomorrow morning if i can stay awake!.....
Click image for original size
image
  • 0
  • stocksster
  • 15-Apr-2010 at 11:57 AM
  • Rep: 1,303
  • Posts: 181
We still haven't touched 1204.25 today. This number is courtesy of BruceM's observation as mentioned in a separate thread a few days earlier.
  • 0
  • koolblue
  • 15-Apr-2010 at 11:58 AM
  • Rep: 48.6k
  • Posts: 16k
thx pal! As you can see from my chart , thats what im waiting for!
  • 0
  • stocksster
  • 15-Apr-2010 at 12:02 PM
  • Rep: 1,303
  • Posts: 181
Yep, Kool. You came up with a similar number too; I see that.
  • 0
  • koolblue
  • 15-Apr-2010 at 12:10 PM
  • Rep: 48.6k
  • Posts: 16k
The problem is, shorts are the way to go today, not longs! But i'll likely risk a small amount there for a quick bounce.
  • 0
  • i1hunter
  • 15-Apr-2010 at 12:11 PM
  • Rep: 1,730
  • Posts: 268
Sorry guys for the duplicated posts. I can't delete them - hope webmaster can help me with that.
  • 0
  • johnpr2010
  • 15-Apr-2010 at 12:24 PM
  • Rep: 2,285
  • Posts: 274
Yes here we go to our destination of 1209.75.
  • 1
  • koolblue
  • 15-Apr-2010 at 12:48 PM
  • Rep: 48.6k
  • Posts: 16k
Click image for original size
586
. GOTTA LEAVE FOR A FEW... SEE YA SOON! GOOD LUCK
  • 0
  • i1hunter
  • 15-Apr-2010 at 12:58 PM
  • Rep: 1,730
  • Posts: 268
The 1213/1214 keeps showing up in my fibs. work. Plus 1213/1215 are pivots resistance. Will see.

I'm long a bit late here at 1206.50. spt at 1204.75
  • 0
  • johnpr2010
  • 15-Apr-2010 at 1:30 PM
  • Rep: 2,285
  • Posts: 274
It should filled my 1st target in 1209.75 then my second is 1210.75 and let the rest run. Remember take profits all as you can to pay all taxes since they are due today. LOL
  • 0
  • i1hunter
  • 15-Apr-2010 at 1:40 PM
  • Rep: 1,730
  • Posts: 268
lol. took parcial 1209.25. stp 1207.75
  • 1
  • i1hunter
  • 15-Apr-2010 at 4:24 PM
  • Rep: 1,730
  • Posts: 268
Originally posted by i1hunter

I think that it has one more leg up. In the 2 min. chart I can count 3w and right now working on the 4? a.b.c.d.e? if so then the 5w should be up to the 1114. will see.


The 2m. chart did the a,b,c,d,e and the 5w but it was very, very small 5w. I thought the 5w will subdivide.
One thing that bothered me was that the 2m. stochastic was not even in a low cycle (oversold) at the end of "e" and the 10m. stochastic was still on a high cycle or in the overbought area. If I was expecting a meaningful move, then the two stochastics should have been in the oversold area.
I hope this is some what clear.

Great work from everyone here. Thanks for sharing your way of seeing.
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.