ES short term trading 5-6-10


  • 2
  • BruceM
  • 6-May-2010 at 7:06 AM
  • Rep: 216k
  • Posts: 19.9k
Most of these are being generated from the weekly chart..

57.50 - O/N low , yesterdays afternoon rally point

62-64 - LTP in ON, VA low,PP and POCP

70 - all that volume and VA high

75 - 77 air pocket and R1 ...Magnet ******

85 - 87.50 air pocket and r2

94 - 98 combination of LTP's and HTP



****Gap at 66.25 in O/N data so those reading get short up here at 68.50...most still sleeping so you'll miss this one
  • 1
  • BruceM
  • 6-May-2010 at 3:30 PM
  • Rep: 216k
  • Posts: 19.9k
let me add to this....you can go broke trading for air pockets...we know they fill in a great deal but we can never be sure of "when"....

those minus 1500 ticks where a good clue to at least lighten up on fades....

all this stuff looks easier when the trades are over...
Originally posted by BruceM

great odds after a minus 5- 6% daily drop that we recover at least 1/2 of that in the next week...who is our stats person here


as far as I can tell all one minute air pockets got filled back in...lots of lessons here today on many levels
  • -1
  • ak1
  • 6-May-2010 at 3:33 PM
  • Rep: 858
  • Posts: 740
WHY DO THEY KEEP MAKING 1118 WEEK??? SHORTING 1125
  • -3
  • ak1
  • 6-May-2010 at 3:41 PM
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  • Posts: 740
I think they will come for 1118 till it holds
  • 0
  • ak1
  • 6-May-2010 at 3:42 PM
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I hhave a short sitting at 1134
  • 0
  • ak1
  • 6-May-2010 at 3:48 PM
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  • Posts: 740
Here they come for my short in a bad mood
  • 0
  • phileo
  • 6-May-2010 at 3:50 PM
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  • Posts: 520
close above 1148, and I think there is a chance at a recovery
  • -3
  • ak1
  • 6-May-2010 at 3:56 PM
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  • Posts: 740
Going long at 1125
  • 0
  • redsixspeed
  • 6-May-2010 at 3:57 PM
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  • Posts: 1,711
is this what they mean by "sell in May, go away...
  • 1
  • rburns
  • 6-May-2010 at 3:59 PM
  • Rep: 1,896
  • Posts: 383
you posted your winner. what happened to this
WHY DO THEY KEEP MAKING 1118 WEEK??? SHORTING 1125
  • -2
  • ak1
  • 6-May-2010 at 4:01 PM
  • Rep: 858
  • Posts: 740
OOPS GOT ME
  • 1
  • stocksster
  • 14-May-2010 at 11:31 PM
  • Rep: 1,303
  • Posts: 181
The real cause(?) for the market crash on May 06, 2010...

Read at Reuters..."Exclusive: Waddell is mystery trader in market plunge"
http://www.reuters.com/article/idUSTRE64D42W20100514
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