ES short term trading 4-29-10


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  • koolblue
  • 29-Apr-2010 at 6:11 AM
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649
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  • TraderF
  • 29-Apr-2010 at 9:08 AM
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interesting.....1201.50 is todays R2 and the 62% retracement from the ultimate high to yesterdays low. Also, 1202 is the Weekly PP.
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  • TraderF
  • 29-Apr-2010 at 9:21 AM
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might we be filling some "space" before a continuation move down?

Technically i can make more arguments down, but i don't really believe it. Anyways, i'm getting mixed signals if we go higher from here or lower. waiting for some clear signs but cautious.
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  • BruceM
  • 29-Apr-2010 at 9:22 AM
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So now that bigs are off we have the HTP at 97 so this overnight high is critical for early trade...It's also part of our zone .. I have LVP at 95.25 and 93.50 which goes well withthe midpoint and a natural target in the RTH
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  • MonkeyMeat
  • 29-Apr-2010 at 9:45 AM
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Originally posted by TraderF

interesting.....1201.50 is todays R2 and the 62% retracement from the ultimate high to yesterdays low. Also, 1202 is the Weekly PP.


I've also got a price action minor resistance level at 1201 fwiw. If looking to short, could be a decent zone for a reasonable risk/reward trade.
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  • BruceM
  • 29-Apr-2010 at 9:48 AM
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I'm trading for th e97 to be filled in with RTH..so I'm adding to shorts....LTP from day session...AIR!!
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  • BruceM
  • 29-Apr-2010 at 10:09 AM
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so far they sure don't seem to be liking that overnight high...I'd like to see 93.50...that would be cool...
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  • MonkeyMeat
  • 29-Apr-2010 at 10:10 AM
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short 98.50 and looking for 93-92 hopefully ... to close gap to yday's RTH high
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  • MonkeyMeat
  • 29-Apr-2010 at 10:22 AM
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YM bouncing off 11050 and NQ both have a decent overnight uptrend ... ES can't seem to break below the R1 ... was looking for a relatively quick break down below it. Out and on sidelines and looking to potentially short a few points higher although my bias may shift long depending on the price action if/when runs out the overnight highs
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  • BruceM
  • 29-Apr-2010 at 10:24 AM
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starting new shorts at 1200.50 pringt with high $ticks
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  • BruceM
  • 29-Apr-2010 at 10:29 AM
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trading and adding shorts for the 99.50 retest....amazing how the day sometimes changes
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  • redsixspeed
  • 3-May-2010 at 2:16 PM
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Originally posted by redsixspeed

Originally posted by redsixspeed

Maby EOM profit taking tomorrow; then back up next week...
..



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Looks like the first part; profit taking; is right on.

We'll see if we go back up next week, maby start back
up in the globex session Sunday

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Well they took their profit and went right back up..lol.
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