ES short term trading 4-23-10


  • 5
  • koolblue
  • 23-Apr-2010 at 7:10 AM
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Good morning. still looking for that E wave to 1196 (or even lower3-4 handles!). Heck, i still want to see slightly higher to be sure D is complete. I also have 1212.25 as a possibility on the upside if we just continue higher. (wave 4 could also have completed at 1186.25 making a flat.). Monday the 26th looms just ahead. It certainly looks like Thurs. gave us a great low for the late Friday run up into bullish Monday. heres a short term look...
Click image for original size
628
  • 0
  • ak1
  • 23-Apr-2010 at 9:56 AM
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CHOP CHOP CHOP stay in what ever your position and exit at profit
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  • BruceM
  • 23-Apr-2010 at 10:00 AM
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flat last two at 1207.50 and looking to short
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  • ak1
  • 23-Apr-2010 at 10:07 AM
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What is Dow doing
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  • BruceM
  • 23-Apr-2010 at 10:07 AM
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should test 05.25..at least
  • 0
  • BruceM
  • 23-Apr-2010 at 10:14 AM
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s 09.75 and keeping it small..they already came back and tested ON
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  • ak1
  • 23-Apr-2010 at 10:15 AM
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fix the gap at 11030 for Dow
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  • PAUL9
  • 23-Apr-2010 at 10:16 AM
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AK1,
what is a "golden candle?"
  • 0
  • ak1
  • 23-Apr-2010 at 10:17 AM
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The 10:05 is the golden short candle
  • 3
  • TraderF
  • 23-Apr-2010 at 10:18 AM
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market is acting weird. obviously like it clearly wants to break out but then when you look at individual stuff, ie....nflx, aapl, etc....seems way overbought. i'm a little skeptical on how much legs this has to the upside if any.

i had a great long at 1202 but screwed myself b/c i forgot to change my default target of 5 pts.
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  • ak1
  • 23-Apr-2010 at 10:19 AM
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Originally posted by ak1

Also on a 5 min chart look for a golden candle that is atleast one tick away from the open or close of the first 5 min candle to enter short or long
  • 0
  • redsixspeed
  • 26-Apr-2010 at 11:49 AM
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Originally posted by redsixspeed

using the move from yesterday I have a measured move to 1218.25
this is my highest projection

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Yesterday in the above quote would be refering to Thursday.
The projection of 1218.25 is still on the radar as we have not had a pull back yet that would cancel that projection..imo
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