ES short term trading 9-7-10


  • 2
  • BruceM
  • 6-Sep-2010 at 11:01 PM
  • Rep: 216k
  • Posts: 19.9k
Two key zones up top into resistance now:


1106.75 - 1110.50

and


1115.50 - 1118.50 ******

Bias is once again to the downside.


key support will be 1098.75 - 1101.75 on Monday. Below there is

90 - 93

83.75 - 85

76 - 77 *****

4 days of a rally and friday creates the "P" profile. I think this trend up is tired
  • 0
  • Lukamud
  • 7-Sep-2010 at 3:38 PM
  • Rep: 60
  • Posts: 13
Short 1093.25 stop at 1094. Target 1 1091.25 Target 2 1090.50
  • 0
  • Lukamud
  • 7-Sep-2010 at 3:42 PM
  • Rep: 60
  • Posts: 13
Should drop here or I would exit
  • 0
  • Lukamud
  • 7-Sep-2010 at 3:52 PM
  • Rep: 60
  • Posts: 13
First target hit, second too, keep small 1 runner for lower. Stop at BE 1093.25
  • 0
  • Lukamud
  • 7-Sep-2010 at 3:54 PM
  • Rep: 60
  • Posts: 13
Target on runner 1097.25 (it folks traped doing short on Sept 2 at 15:30 pm)
  • 0
  • Lukamud
  • 7-Sep-2010 at 3:56 PM
  • Rep: 60
  • Posts: 13
Stoped at 1091.25 Flat!
  • 2
  • Lukamud
  • 7-Sep-2010 at 4:06 PM
  • Rep: 60
  • Posts: 13
BTW, Bruce, like your approach! I've been reading your posts for a while! Your analysis realy stands up! Especialy when you nail certain numbers. I do my trading based on support/resistance and price action (certain charts patterns) but valuating volume is kinda new for me.
Hope that I didn't influence any losses with my postings. I'm new to this wonderfull site, and like educational approach provided here!
  • 0
  • rburns
  • 7-Sep-2010 at 4:11 PM
  • Rep: 1,896
  • Posts: 383
Thanks for posting Luke
  • 0
  • MonkeyMeat
  • 7-Sep-2010 at 4:57 PM
  • Rep: 12.7k
  • Posts: 1,334
Originally posted by rburns

Thanks for posting Luke

Ditto
  • 1
  • BruceM
  • 7-Sep-2010 at 5:28 PM
  • Rep: 216k
  • Posts: 19.9k
Thanks and welcome to the forum. Lots of great stuff out here on the forum. We aren't that picky about posting after the trade is over as long as we can follow the logic. So I wouldn't post and trade if it influences you. Nice trades by you and stops posted too. Well done!
Originally posted by Lukamud

BTW, Bruce, like your approach! I've been reading your posts for a while! Your analysis realy stands up! Especialy when you nail certain numbers. I do my trading based on support/resistance and price action (certain charts patterns) but valuating volume is kinda new for me.
Hope that I didn't influence any losses with my postings. I'm new to this wonderfull site, and like educational approach provided here!
  • 2
  • BruceM
  • 7-Sep-2010 at 5:32 PM
  • Rep: 216k
  • Posts: 19.9k
Here is a visual on this trade...you can see the gap in the data and the air pocket above...so that gives me at least two reasons to buy into the decline...if we add in the Nq/Tick divergence ( not shown) and the fact that 90 - 93 was a key zone then it wasn't so risky.

Didn't trade after this one today...luckily..!
Originally posted by BruceM

starting new longs at 92 even...gap in data above but still high risk...tick and NQ diverge

Click image for original size
gapindata
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.