ES Short Term Trading 8-3-2010

02-Aug
1124.25
1110.25

possible highs for the 3rd:

1110.50
1110.75
1111.00
1111.25
1111.50
1111.75
1112.00
1112.25
1112.50
1112.75
1113.00
1113.25
1113.50
1113.75
1114.00
1114.25
1114.50
1114.75
1115.00
1115.25
1115.50
1115.75
1116.00
1116.25
1116.50
1116.75
1117.00
1117.25
1117.50
1117.75
1118.00
1118.25
1118.50
1118.75
1119.00
1119.25
1119.50
1119.75
1120.00
1120.25
1120.50
1120.75
1121.00
1121.25
1121.50
1121.75
1122.00
1122.25
1122.50
1122.75
1123.00
1123.25
1123.50
1123.75
1124.00
1124.25
1124.50
1124.75
1125.00
1125.25
1125.50
1125.75
1126.00
1126.25
1126.50
1126.75
1127.00
1127.25
1127.50
1127.75
1128.00
1128.25
1128.50
1128.75
1129.00
1129.25
1129.50
1129.75
1130.00
1130.25
1130.50
1130.75
1131.00
1131.25
1131.50
1131.75
1132.00
1132.25
1132.50
1132.75
1133.00
1133.25
1133.50
1133.75
1134.00
1134.25
1134.50
1134.75
1135.00
1135.25
1135.50
1135.75
1136.00
1136.25
1136.50
1136.75
1137.00
1137.25
1137.50
1137.75
1138.00
1138.25
1138.50
1138.75
1139.00
1139.25
1139.50
1139.75
1140.00
1140.25
1140.50
1140.75
1141.00
1141.25
1141.50
1141.75
1142.00
1142.25
1142.50
1142.75
1143.00
1143.25
1143.50
1143.75
1144.00
1144.25
1144.50
1144.75
1145.00

starting shorts at 20.50...

Nq seems like the problem child today...all markets stuck in YD congestion..trying to get that damn 17.75 again...lots of high $ticks up here trying to push us higher

stopped again at 20.25....

22 even will be my next try at shorts...then above the highs of yd if they print...so i will add up there

air at 21 will be first but hoping they push us out higher before they clean that air pocket up.... 18.75 is second target

gotta get and stay below that hour high if they are gonn go get my 18.75 and lower

Apologies from earlier post. Equidistant move up would be approx 40 pts from low if it holds. 1113.25=target 1153.

Banks trying to break R, but not yet?
NDX 1896 needs to break upward.
BP worth watching at just under 40 here.
So far the e mini tacked to upward sloping S/R line at 1120 area. We still have a lower high from Monday and below 1129.
Definitely don't want to see a lower low today but S creeping up and now at 1112 level.

this low volume isn't given us much to work with in the way of air pockets....not much range so targets are much smaller ..raising next target to 19 even...peak volume there

trading both sides of open and in YD range so I'm trading as if we are consolidating until proven wrong!

18 will be final if we get lucky over lunch here....that's 50 % and one tick above that 17.75 I'm watching

The reason that we are here is to learn more from each other. The quality of discussion on this forum is exceptionally high when compared to other trading forums.

Getting into arguments in cyberspace is a losing battle. You will never win and all parties will leave upset and frustrated.

Let's follow the popular sentiment already expressed and put this behind us and move on.

We all want to learn more and be more profitable and fighting works directly against that.

I frequently receive PM's from site members when this sort of thing happens. If you have any concerns that you don't want to post in public then feel free to PM me.