ES short term trading 7-6-10


This week's Economic Events.
  • 1
  • PAUL9
  • 6-Jul-2010 at 10:13 AM
  • Rep: 14.9k
  • Posts: 1,170
It's days that you "don't believe" the one sided trade that seem to just keep going. (I know, in my stubborn past, I've been on the other side)

that outside bar created 10:00-10:05 was reaction to weaker than expected ISM services number.

Pretty bullish if the selling reversed in a 5 min window.
  • 0
  • BruceM
  • 6-Jul-2010 at 10:14 AM
  • Rep: 216k
  • Posts: 19.9k
added at the RAT!!!...no signs of selling ...tricky trade
  • 0
  • BruceM
  • 6-Jul-2010 at 10:25 AM
  • Rep: 216k
  • Posts: 19.9k
34 fills all air today so far
  • 0
  • BruceM
  • 6-Jul-2010 at 10:30 AM
  • Rep: 216k
  • Posts: 19.9k
so far I'm not impressed by the breakout volume...lower or on par to Thursday and Friday.....
  • 0
  • phileo
  • 6-Jul-2010 at 10:31 AM
  • Rep: 3,062
  • Posts: 520
1038.5 = 34 pt range today
what are the odds that we've seen the HoD ?
  • 0
  • phileo
  • 6-Jul-2010 at 10:33 AM
  • Rep: 3,062
  • Posts: 520
FYI, that response to the bad ISM number was a bonafide breakout, as both Euro and Crude broke out to new session highs at around the same time.

Pretty bullish signal if you ask me.
  • 0
  • phileo
  • 6-Jul-2010 at 10:34 AM
  • Rep: 3,062
  • Posts: 520
Originally posted by BruceM

34 fills all air today so far


1034.25 but no further.... they're teasing you, Bruce!
  • 1
  • DavidS
  • 6-Jul-2010 at 10:34 AM
  • Rep: 3,181
  • Posts: 557
Mornin.
Where to?
Click image for original size
es 09 10 762010 60 min
  • 0
  • BruceM
  • 6-Jul-2010 at 10:43 AM
  • Rep: 216k
  • Posts: 19.9k
yes Phileo..those double 34.25 will get broke I believe and soon
  • 0
  • BruceM
  • 6-Jul-2010 at 10:46 AM
  • Rep: 216k
  • Posts: 19.9k
that is two non - consecutive lows on 5 minute at 34.25...seems early to have one of those..usually expect that kind of stuff over lunch..

hour needs to run too but which side??
Here's another view of the same chart that BruceM posted above. I've stretched it out vertically to make the air pockets clearer.

Click image for original size
Air Pockets on 6 July 2010 with green and red volume bars.
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.