ES Short Term Trading 6-7-10


  • 2
  • MonkeyMeat
  • 6-Jun-2010 at 10:26 PM
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Here's my charts with Price Action S/R levles ... significant ones in Red and semi-significant in Magenta. The Cyan dashed lines are the Weekly Pivot levels.

First is the Daily ES chart:
Click image for original size
es daily for 6710

And the 30-minute bar chart of 20 days:
Click image for original size
es 30m sr for 6710
  • 0
  • koolblue
  • 7-Jun-2010 at 11:38 AM
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see? this is why im such a lousy trader... i KNEW 1064 was in the cards and likely 1067 .. just no guts!
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  • koolblue
  • 7-Jun-2010 at 11:41 AM
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Hopefully they will go for the 5 min air at 1060.25?
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  • koolblue
  • 7-Jun-2010 at 11:45 AM
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Incidently , my guess for the lod is 1057.50...time will tell!
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  • koolblue
  • 7-Jun-2010 at 12:00 PM
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Click image for original size
806
... JUST HOPE WE SEE 1060 FIRST!
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  • phileo
  • 7-Jun-2010 at 12:02 PM
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Originally posted by koolblue

Hopefully they will go for the 5 min air at 1060.25?



THere was an air pocket 1062.5, and that filled, but we haven't seen anything below that ever since the fill.

KoolBlue, looks like it might tag your 1067 target. 1066.5 was the open.
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  • phileo
  • 7-Jun-2010 at 12:03 PM
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Originally posted by koolblue

Incidently , my guess for the lod is 1057.50...time will tell!



1061 was my guess, I got that one totally wrong!
Your guess is looking good, I'm seeing TICK strength after the break back above 1060
  • 1
  • koolblue
  • 7-Jun-2010 at 12:05 PM
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YEAH, my real target is higher 1077 ish? but time will tell. Remember Bruces time honered 10 handle push! 1057 to 1067?....
Click image for original size
807
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  • phileo
  • 7-Jun-2010 at 12:06 PM
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big breakout left another air pocket 1065.25 - 1065.75

will this one fill?
If not, that would be two unfilled air pockets .... bullish.
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  • koolblue
  • 7-Jun-2010 at 12:08 PM
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its early.. that one and 1060.25 could both still fill in time, tho my best guess would be for a slight upside close today.. we'll have to see
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  • koolblue
  • 7-Jun-2010 at 12:10 PM
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This is probably a good short scalp right here, but im too skittish... any takers?
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  • feng456
  • 7-Jun-2010 at 4:30 PM
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Originally posted by BruceM

a bad close below that spike bars low leads me to believe that the 38 - 37.50 will be tested soon...


probably overnight eh?
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