ES Short Term Trading 6-18-10


giant 12 point consolidation....1113 - 1101 ..key between at 1106.50...other is 1117 - 1118.75 and 1125..selling rallies today
Bouncing from Bruces rat (1112.50) ... pt's 5 min avg (100 ema=1112.00) and Kools projection 1111.50, and 5 min lower boll band is 1111.50... lotta short term support down here..
next turn point 11:43 or so? (couldbe a high or low...probably a high)
went flat on 12.50 print ..no trades until new high or lows or 2pm time frame...still don't like thathigh but those have held before..

seems like we are talking to ourselves today Kool!!


Everybody is surfing today..!!
Yeah!...samo, samo... im buying 1111.50 but just 2 es.. still trying to make the adjustment to more size, but its an ongoing work in progress...
dam!.. mitta missed it by 2 ticks.. that 11:43 turn (a low, not a high like i hoped) could be the culprit...
smarter more conservative players would probably want to get closer to the lower edge of the prc band at 1110.50 or watch for an overshoot below, indicating a trend change short term from up to down
Bruce / Kool
The posts are appreciated... Interesting to read your thoughts and actions.
Thanks...
Click image for original size
829
one ticked?... or the calm before the storm? ... i'll keep my order alive for maybe 5 more min then pull it
seems like they will wantto push above 13.75 again and higher but standing aside as this is inside hour range and still real early in the day
That was also the globex low at 6:00am i think, a natural 'magnet'. i thought we might see boring mish mash today, ending up sideways... and the june es finished unchanged!..Look for downside action next week,imho! c ya!