ES Short Term Trading 5/5/10


  • 3
  • MonkeyMeat
  • 4-May-2010 at 10:43 PM
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Have adjusted PASR lines that I see for potential support and/or resistance in Red with Magenta as "semi-significant" ... the Cyan dashed lines are the Weekly Pivot levels on the 30m chart that shows 24 hour trading with the gray background areas being overnight trading. Hope they're helpful as a map for Wednesday's trading.

Click image for original size
es 30m sr for 5510
  • 0
  • phileo
  • 5-May-2010 at 9:54 AM
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heads up, we got some econ.rpt coming out in about 7min. that might create some spikes either way

The open looked like a carbon copy of yesterday, until the reversal at 1155.
  • 0
  • ak1
  • 5-May-2010 at 9:55 AM
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Originally posted by BruceM

Sarting RTH longs at S1 58.50

If we close below 1158 at 10:00est think about exiting the long. FWIW
  • 1
  • BruceM
  • 5-May-2010 at 9:55 AM
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if they can hold that O/N low we have a great long trade...70 is still the giant magnet..ultimately
  • 0
  • PAUL9
  • 5-May-2010 at 9:56 AM
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today is 2nd gap in same direction.
Historically, based on study I did, data Sept 99 through March 2009, roughly 72% chance of fill today's gap.
  • 0
  • BruceM
  • 5-May-2010 at 9:57 AM
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62.25 is my best so far..c'mon 64 and 69.....two way sword when you have add ons....
  • 0
  • BruceM
  • 5-May-2010 at 10:08 AM
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we are gonna need some higher $ticks to rally from here ..Otherwis ethey will go test the 59 volume
  • 0
  • BruceM
  • 5-May-2010 at 10:10 AM
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only a plus 650 tick....not good for the rest I think...battle at YD low..RTH
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  • TraderF
  • 5-May-2010 at 10:10 AM
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i'm likely out today. don't think i'm interested in the short. hindsight, the move of the day might have been the 56 long.
  • 0
  • BruceM
  • 5-May-2010 at 10:14 AM
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sure seems lik ethey want to test 59.50...hope not...
  • 1
  • BruceM
  • 5-May-2010 at 10:17 AM
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Ym not following the weakness is making this choppy and dull...


only down .54%..other two down over 1.10 % or more..still early though
  • 1
  • BruceM
  • 6-May-2010 at 6:56 AM
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you got a bad attitude man ! Call it what you like!!
Originally posted by ak1

Originally posted by BruceM

can you get us a visual on your air concept..I don't see it....perhaps we need to call it AK1 air so we don't confuse folks...
Originally posted by ak1

Air at 1163



I like the name. Thanks. I can't give the visual as you need to watch a 30 min chart to catch it. It occures at the high and low of a recent 30 min candle. When we hit these levels we must go back 2 ticks. If we do not then we have air. I usually let this run for 4 points and then enter hoping to fill the air.
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