ES short term trading 1-19-11


  • 1
  • BruceM
  • 19-Jan-2011 at 8:56 AM
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Without question the key zone to watch is 90.50 - 92 that includes pivot numbers, the breakout from yesterday late in the day, MP numbers, the close clusters, O/N low and last weeks highs


above that is 96 - 98 area...yd highs and R1 area...


what I'm leaning towards is selling try and target all those left over triples from yesterday ultimately but making sure we start taking something off in front of that key zone....so basically sells above 92 ...will watch volume and $tick as usual
  • 1
  • johnpr2010
  • 19-Jan-2011 at 9:09 AM
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I see other area in confluence with your numbers 1287.25 as a support from a fib extension 1.618 Let's see what market will do...
  • 0
  • johnpr2010
  • 19-Jan-2011 at 9:27 AM
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Is 1292.00 is the half gap target?
  • 2
  • Lorn
  • 19-Jan-2011 at 9:28 AM
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O/N profile for everyone. 93.50 HVN.


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onprofile01192011
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  • koolblue
  • 19-Jan-2011 at 10:25 AM
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1066
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  • koolblue
  • 19-Jan-2011 at 10:28 AM
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1068
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  • koolblue
  • 19-Jan-2011 at 10:36 AM
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1069
  • 1
  • WS
  • 19-Jan-2011 at 10:38 AM
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ES is near Yesterday's L. 1282.75. I expect some testing here looking for support. Moving below I have support at 1279.75, below that 1274.50.

ES trading 1284.00 10:37
  • 1
  • WS
  • 19-Jan-2011 at 10:58 AM
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Notice that ES is zig-zagging as usual at a important support area, as it is yesterday's low.

If the ES was to move above 1285,75, then the PvP will be the objective.

Below, the failure point for the test as support (zig-zags room to oscillate) will be 1279.75 and will target 1274/1275 area.

ES trading 1283.50 @ 10:58
  • 1
  • einstein
  • 19-Jan-2011 at 10:59 AM
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Hi Kool. Been lurking here and there-just trading very partime. When you have time I was interested in knowing the following:

1) are you still trading crude oil?
2) your risk/reward ratio seems to be the opposite of what everyone else teaches. For example you often use a 3 point stop and exit at 1.75or 2 handles. On the other hand you seem to be succesful overall. Just wondering how you can be profitable in the long run with that type of risk/reward? Good trading!
  • 0
  • optimusprime
  • 19-Jan-2011 at 11:00 AM
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can someone please explain what prep you are doing before the open to determine the directions of the day or trade? i see fibs, murray math and TPO charts. how are these being tied together in order to find the direction of the market? you can answer after todays trading , i know this will take a while to respiond to. thank you
  • 0
  • koolblue
  • 20-Jan-2011 at 4:58 AM
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Originally posted by toaksie

How do you get the arching bands on your charts kool?
they're called polynomial regression cycle bands. I'd be happy to send it to you but it only works on ninjatrader.
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