ES short-term trading for 7-15-10


  • 1
  • PAUL9
  • 15-Jul-2010 at 10:13 AM
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Bruce,
You were right again (what else is new)
I see 81 printed, but I don't remember why you expected it.

Today is looking pretty grim, especially with the seasonal weakness koolblue had in that average performances of trade days of the month.

It is before 11 o'clock and the ES has already undercut its 5 day average of the Low versus the Open which is at 1086.50 for today. A move like this often means trend sell day.

with 5 day average RTH range at 12, today's RTH H minus 12 = 79.75, have to watch PA there , with second air, return to 83.25 likely? Am I reading this right, Bruce?
  • 0
  • PAUL9
  • 15-Jul-2010 at 10:18 AM
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there is still gap left open (created by 7-13 gap up)


technically still open down to 7-12 close of 76.25
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  • phileo
  • 15-Jul-2010 at 10:22 AM
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looking at a potential trend day down.
I will be looking for short setups only
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  • PAUL9
  • 15-Jul-2010 at 10:22 AM
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GAP now filled and with the end of the half hour near at hand, MP letters down in this area will create large area of single prints above.

Long 77.00 target 82.00 stop 74.50
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  • PAUL9
  • 15-Jul-2010 at 10:28 AM
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Originally posted by PAUL9

GAP now filled and with the end of the half hour near at hand, MP letters down in this area will create large area of single prints above.

Long 77.00 target 82.00 stop 74.50


Print of 1080.00 compels me to tighten stop to 77.25

target still 82.00
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  • PAUL9
  • 15-Jul-2010 at 10:33 AM
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tightening positon stop sell to 78.25

I just thought price should have vaulted higher
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  • phileo
  • 15-Jul-2010 at 10:36 AM
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Originally posted by PAUL9

tightening positon stop sell to 78.25

I just thought price should have vaulted higher


LVN between 1081-1082.

If it ain't going up, it's probably going to go back down
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  • PAUL9
  • 15-Jul-2010 at 10:38 AM
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Yes, phileo, I agree.

at this point just 1 tick above 80.25 should bring buyers for a point

I am very close to just hitting the close position button.
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  • PAUL9
  • 15-Jul-2010 at 10:39 AM
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moving sto to 79.50 (could hit close position button anytime)
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  • PAUL9
  • 15-Jul-2010 at 10:42 AM
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no patience,

couldn't stay with it.

closed position. fill was 80.25
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  • PAUL9
  • 15-Jul-2010 at 10:44 AM
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Is there anytbody out there besides phileo?

just post something.

what's the weather like where you live.
  • 1
  • BruceM
  • 15-Jul-2010 at 11:55 PM
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You can look here in the morning as it will be updated by then but we have had lots of high closing $Ticks this week...

http://www.wallstreetcourier.com/index1.htm

so doubt we have lots of divergence lately. This guy corey posts some simple but effective view points regarding internals too..

www.afraidtotrade.com
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