ES Short Term Trading 9-24-10


  • 1
  • DavidS
  • 24-Sep-2010 at 8:52 AM
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Already broke yesterdays high and my downtrend line quickly.. Things like this can happen when you don't break 1117.
Thick black line at 1124.75 is the former high previously known as 1129 on the old contract.I think we all know the other levels. 1100 or 1160?
Click image for original size
es 12 10 9242010 60 min
  • 2
  • BruceM
  • 26-Sep-2010 at 6:15 PM
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thanks for elaborating....I'm selling at every 5 plus point move above the close...so short now at 48.75....

Huge closing $tick and 90 % up volume......odds favor some consolidation in the day session.....I plan to add at 53.75 if it prints in O/N if they don't bring it back to open print....to reach target


41.50 is the key support area to watch going forward...


NO STOP....! so trade me or fade me...you know where the RATS are...use em!
  • 2
  • BruceM
  • 26-Sep-2010 at 7:02 PM
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turns out that 47.75 will be the key price in O/N ...so far!....they will try and break it away from there eventually...and obviously us shorts want it to break down..
  • 0
  • redsixspeed
  • 26-Sep-2010 at 7:03 PM
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we opened above support @ 1143 and move up to a key high @ 1149
where the shorts are...I was looking for a lower open....anyway
any pull back may be less than I had thought...

I'll go back to my cave now
  • 0
  • Big Mike
  • 27-Sep-2010 at 11:55 AM
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Originally posted by BruceM

thanks for elaborating....I'm selling at every 5 plus point move above the close...so short now at 48.75....

Huge closing $tick and 90 % up volume......odds favor some consolidation in the day session.....I plan to add at 53.75 if it prints in O/N if they don't bring it back to open print....to reach target


41.50 is the key support area to watch going forward...


NO STOP....! so trade me or fade me...you know where the RATS are...use em!


Great trade if you are still in it!!

Good luck to all.
  • 0
  • redsixspeed
  • 28-Sep-2010 at 8:15 PM
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The pull back from the 1149.00 area from my prior post is
complete imo..the key # was in the 1127.00 area

this link gives an clue as to what direction I think we
are headed



we'll see...
  • 1
  • BruceM
  • 28-Sep-2010 at 10:07 PM
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I still view this like a giant magnet attactched to 1141.50....and they still need to clean up my 1136.25 print....I don't see anything that's gonna snap this out of these trading ranges on Wednesday but maybe thursday......this market needs some motivation!
  • 0
  • redsixspeed
  • 29-Sep-2010 at 5:45 PM
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feels like EOM is holding things down...still above
zone 1140/1135
  • 1
  • redsixspeed
  • 30-Sep-2010 at 8:57 AM
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Originally posted by redsixspeed

feels like EOM is holding things down...still above
zone 1140/1135

===================================================================
Market held @ the 1140/1135 zone...My concern was eom selling
may push it below the zone and a close below would have been
bad for my target...market was trading @ the mid point of the
zone waiting for the 8:30am #s...now we have Ben Bernanke today as well
so it may be slow going to the next zone...but so far the next
zone is still on the radar...gotta get thru some stuff to get there
  • 1
  • redsixspeed
  • 30-Sep-2010 at 4:50 PM
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O.K. we made it thru eom,Ben and the #s...my support zone so far is holding...first of the month this is the best chance to head back up to zone 1163.25/1167.50

I saw a post today to a link for a guy named Mr. Top Step..this
guy and myself could not be further apart on what we think is
going to happen...he said a possible move down to 1100.00
I been calling 1163.25...can't get much more apart than that

I'am running out of time...was looking to be up there by Friday
  • 1
  • BruceM
  • 3-Oct-2010 at 3:42 PM
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Predictions are Fun Red but how are you or anyone using this information to trade....Are you buying and holding longs down here?

These other folks, who think the downside is coming...are any of you position trading this....short?

My questions are here because I am always searching for those who aCTUALLY TRADE and hold for the long term....

For the record I think a huge downmove is coming and soon but I don't hold anything Overnight......so it's a fairly useless prediction ...at least for me it is..
  • 1
  • redsixspeed
  • 19-Oct-2010 at 12:41 PM
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Originally posted by redsixspeed

Friday close was above the 1140 which is the top of the zone it also closed above 1141 a key # for me...this was a weekly close as well so I am still looking for more up...gotta have a plan..


====================================================================
We made it to zone 1163.25/1167.50..this area is hit 80% 0f
the time...the next zone above is 1176.00/1180.00 and is hit
90% of the time....I view these as giant magnets...we seem
to have stalled at these areas...some say a reversal is near.

Its one thing to see a cluster of #s in an area...but if I know
how often the area is hit I have a better idea of market direction
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