ES short term trading 5-6-10


  • 2
  • BruceM
  • 6-May-2010 at 7:06 AM
  • Rep: 216k
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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
  • 0
  • BruceM
  • 6-May-2010 at 1:44 PM
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trading for the trips at 47.50 off of 43..25
  • 0
  • MonkeyMeat
  • 6-May-2010 at 1:47 PM
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showing -1500 tick with that low at 42.50
  • 0
  • koolblue
  • 6-May-2010 at 1:49 PM
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Well , bingo!!! i tied to show this area all morning! Now i'll just play this for my usual short term scalp , but this COULD be a very important low! At least it has that potential! Calls here would be a good risk-reward. long 2 ..avg price 1143.25
  • 0
  • BruceM
  • 6-May-2010 at 1:52 PM
  • Rep: 216k
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minus 1600 ticks...wow....watch out...dangerous fade fo rthose triples
  • 0
  • BruceM
  • 6-May-2010 at 1:58 PM
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added at 41.50 but will not add again...
  • 0
  • koolblue
  • 6-May-2010 at 1:59 PM
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Maybe i should have listened to you Bruce! my stop is at 1140.25 ,since i believe an overshoot to 41.50 is possible!
  • 0
  • ak1
  • 6-May-2010 at 2:01 PM
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Originally posted by ak1

Originally posted by ChnDragun

Thanks feng...

huge mistake fighting the tape.


Take heart, we all are their for you, place a long at 1144.50 with a 4 pt prfit and a 4 pt loss then walk away and clear your head

kb my SL is at 1140.50. Lets see
  • 1
  • koolblue
  • 6-May-2010 at 2:04 PM
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Now imho, the close becomes important . Since the vix has closed above its boll. band 2 days now, if it closes back inside the band, that is a very reliable daily buy signal.
  • 0
  • koolblue
  • 6-May-2010 at 2:07 PM
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ugh! stopped out at 1140.25.. now up only one handle on the day...
Nothing like giving it all back!
  • 0
  • BruceM
  • 6-May-2010 at 2:08 PM
  • Rep: 216k
  • Posts: 19.9k
small loss due to mismangement of this trade.....don't lik ethese grinds lower with Tick in the gutter...
  • 1
  • stocksster
  • 14-May-2010 at 11:31 PM
  • Rep: 1,303
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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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