ES short term trading 7-1-10


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  • koolblue
  • 1-Jul-2010 at 7:10 AM
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877
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  • DavidS
  • 1-Jul-2010 at 12:30 PM
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correction
"conceive"
I'm trading too. :)
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  • sjzeno
  • 1-Jul-2010 at 12:38 PM
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the 12:15 bar on the 15min. is the first low range bar of the day.

The high of that bar is 1014.5 and the bar itself has a range of 3points.So 1014.5+3 gives 17.5 and S1 is right above it at 18.

Is this analysis correct Bruce??
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  • sjzeno
  • 1-Jul-2010 at 12:39 PM
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Just saw 17.5 got hit as I was posting
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  • phileo
  • 1-Jul-2010 at 12:41 PM
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based on ABCD projection, I think we should at least see a tag of Bruce's air pocket 1022.5 on this next move up.
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  • wvalen28
  • 1-Jul-2010 at 12:42 PM
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what is this air pocket you guys talk about?
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  • phileo
  • 1-Jul-2010 at 12:42 PM
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some serious buying, TICK hit +1300 on that latest impulse move
Bonds have broken below support level 128.01. Things are looking good for a 1022.5 target
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  • phileo
  • 1-Jul-2010 at 12:44 PM
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Originally posted by wvalen28

what is this air pocket you guys talk about?


see Bruce's Posts on Page 2
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  • sjzeno
  • 1-Jul-2010 at 12:47 PM
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Phileo can you explain the ABCD move. Is it a measured move or..?
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  • sjzeno
  • 1-Jul-2010 at 12:48 PM
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Phileo can you explain the ABCD move. Is it a measured move or..?
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  • phileo
  • 1-Jul-2010 at 12:49 PM
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Originally posted by phileo

some serious buying, TICK hit +1300 on that latest impulse move
Bonds have broken below support level 128.01. Things are looking good for a 1022.5 target



Click image for original size
update of jul1 bottom


Ok, here's the ABCD projection: AB=1007-1017, CD = 1012 - 1022

That big red line in the chart is a downtrend line starting from YDay's hi 1044. We've broken that. I think the bottom is in.

I plan to buy any pullback that approaches 1017-1018 for another 10pt measured move to 1027.
I think 1017 should act as support now (O/N low, and swing low from this morning)
Thanks Nigel, I missed that from the chart:

last post, going to keep trading not posting... no one pays it much mind anyway! good luck gang!


@koolblue - you have plenty of silent followers. Keep posting!

Also, look at your reputation on the Members List - as I type this you are the second most voted for trader on this site which means that other traders here think that what you are posting is high quality.
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