ES short term trading 5-14-10


  • 2
  • koolblue
  • 13-May-2010 at 6:14 PM
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05may2010calendarimage
  • 1
  • phileo
  • 14-May-2010 at 11:52 AM
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Originally posted by rburns

Pls just be careful today and not too stubborn. This was posted earlier and a worthwhile read.


121 Posts
2
Posted - 05/14/2010 : 08:45:52
Just a word of caution. I have never seen Terry so negative.
http://www.ttheoryfoundation.org/t-theory-calculations.html


This guy is projecting a re-test of the fat finger crash (1060):
http://www.moneycycles.com/sp500_daily_update_current.htm
  • 2
  • phileo
  • 14-May-2010 at 11:58 AM
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I'm too scared to trade this volatility because I don't want to use such a big stop!
Just on the sidelines for the rest of the day observing this trend day.

- still haven't tagged the declining VWAP
- each -ve TICK extreme produces lower lows
- NYAD pinned to below -2500, no advancers at all
- lots of -ve TICK extremes, no +ve TICK extreme (big players are not covering just yet)

I still think 1126 will be retested at some point today.
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  • koolblue
  • 14-May-2010 at 12:05 PM
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The range so far is one handle over the 5 day avg. You would expect a bit more. the 5 min proj down comes at 1122.75 and thats where the boll band is.. tempting
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  • BruceM
  • 14-May-2010 at 12:12 PM
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Lets see a nice big air pocket down....into the PV...only one air pocket didn't fill today so fairly efficient selling


Hey Paul..it was Fridays high...so that was the big gap...



any longs should use the volume at 31.50 as a target


One 1/2 the IB just hit and I'm long off the 25..key number..
  • 0
  • BruceM
  • 14-May-2010 at 12:28 PM
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best is 30.25 and trying to hold 3..inside current days Value...lets see if 27.50 can hold this up
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  • BruceM
  • 14-May-2010 at 12:29 PM
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the Vwapers sold that 30 print..hence my initial exit
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  • BruceM
  • 14-May-2010 at 12:58 PM
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took 32.25...last two are either gonna hit 36.50 or get stopped at 25.75....
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  • phileo
  • 14-May-2010 at 12:58 PM
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moment of truth here at 1132.5
+5 point move goes to whoever guesses the correct direction
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  • BruceM
  • 14-May-2010 at 1:00 PM
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up to my 36 area...I hope...lol..trailing now...36 is Peak vlume
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  • BruceM
  • 14-May-2010 at 1:18 PM
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31.25 is my final...I don't like those lows at 28 area and just noticed them
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  • redsixspeed
  • 15-May-2010 at 10:23 AM
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Originally posted by redsixspeed

Originally posted by BruceM

so it seems my histogram on IB may be wrong...anyone else have a High Volume Histogram price up at 37 that is higher than the volume node at 30 or 31?

===================================================================
Bruce,

Seems your right @ 37.00...I don't use vwap...I know kool says
load it just before open...I forget to load it...LOL

====================================================================
I loaded vwap just before market close = 1136.00
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