ES short term trading 7-7-10 5921


  • 1
  • BruceM
  • 7-Jul-2010 at 9:29 AM
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Just a giant range between 1039 and 1006

key zones

1037 - 1039
1025 - 1028
1014.50
1006
  • 0
  • phileo
  • 7-Jul-2010 at 1:34 PM
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Originally posted by BruceM

I missed it but anyone who traded for that triple run caught a fairly good move


Bruce, any thoughts as to what might happen this afternoon?
  • 0
  • BruceM
  • 7-Jul-2010 at 1:34 PM
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I'm trying to sell if they break new highs before the 41.75 retest...double top up there stopped my sale...sometimes they hold and certainly aren't perfect
  • 0
  • PAUL9
  • 7-Jul-2010 at 1:51 PM
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If you take the 5 day average RTH range (22.65)
and add it to today's RTH Low 1024.74

the sum is 1047.40
  • 1
  • BruceM
  • 7-Jul-2010 at 1:56 PM
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rat 43.75!! with a key zone..gotta go easy and watch the volume at new highs now....if they can push it....air having a tough time filling on this trending day..they gonna run out that high!!
  • 0
  • BruceM
  • 7-Jul-2010 at 1:57 PM
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s 46.50 and hating it !!
  • 0
  • BruceM
  • 7-Jul-2010 at 1:59 PM
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if this trend is really strong they won't come back for that 41.50 area..tough trade!!
  • 0
  • BruceM
  • 7-Jul-2010 at 2:07 PM
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they like to test a previous 30 minute low in trends and haven't had a test in (5) 30 minute bars...just not sure it's gonna happen now either

flat 46//not a good time for me
  • 1
  • BruceM
  • 7-Jul-2010 at 2:10 PM
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Phileo,,,I see no reason we can't test 50 today at some point and obviously that 39 - 41 area needs to hold back any decline...other than that I have no real clue..after the first 90 minutes my trade profits decline but I'm slowly getting better...not fading as much in the afternoon period ( 2 pm on ) helps or at least going lighter and selective
  • 0
  • phileo
  • 7-Jul-2010 at 2:10 PM
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1047 should be major resistance from 6/29, but I'm too scared to step in front of this runaway train.
  • 0
  • BruceM
  • 7-Jul-2010 at 2:11 PM
  • Rep: 216k
  • Posts: 19.9k
nice Paul..here we are !!
Originally posted by PAUL9

If you take the 5 day average RTH range (22.65)
and add it to today's RTH Low 1024.74

the sum is 1047.40
Here's a 30 minute chart of the ES with the DVATool on it showing 1 filled in single print from Tuesday (red horizontal dotted line) and 4 single prints left from today's trading (white horizontal dotted lines).

Click image for original size
ES 7 July 2010 showing 4 single prints left behind on this day.
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