ES short term trading 1-25-11

Boring, yet interesting day yesterday. The market, and this is important, proceeded higher ,against the seasonal tendancies (which denotes strength. Today, which is State of the union day we seasonally should be under pressure for one more day before things turn more positive tomorrow, We'll have to see what develops.Historically, state of the union day is positive overall for the next few days (higher today for instance 16 out of 20 times) . That would line up nicely with the more positive seasonals from wed on...Note also that the nas was leading on an up day, not lagging yesterday, another positive in my mind. Todays news releases are a wash in my mind with likely neg housing reports and a likely positive consumer confidence report.I dont expect any thing real dramatic today, but it seems possible we could be setting up for a positve last half of the week ,as speculated in the weekend preview.

Moved stp up to 1279.25

ES trading 1279.75 14:49 I was just going to post it and got stop out at 1279.25 lol

Originally posted by WS

Moved stp up to B.E.

ES trading 1279.50 @ 14:37

great job,WS! i have a buy in at 1275.50, but it'll have to happen soon as i dont like trading at the end of the day.

Thanks Kool.

The trend is down for the day. I thought it will find some support in this area. Maybe it will. I'm very cautious to the outside. More comfortable taking shorts. Will see if gives me an other set-up.

Originally posted by koolblue

Great job WS!...I WAS SOOOO tempted at 1277.50, but had just gotten stung on a trade so i passed.

Same here,, but i bet tomorrows another story!..lol

Giving it one more shot.

Long 1279.50 stp 1277.50

Originally posted by WS

Moved stp up to 1279.25

ES trading 1279.75 14:49 I was just going to post it and got stop out at 1279.25 lol

Originally posted by WS

Moved stp up to B.E.

ES trading 1279.50 @ 14:37

Moved stop up to B.E. 1279.50

ES trading 1281.25 @ 15:09

Originally posted by WS

Giving it one more shot.

Long 1279.50 stp 1277.50

Originally posted by WS

Moved stp up to 1279.25

ES trading 1279.75 14:49 I was just going to post it and got stop out at 1279.25 lol

Originally posted by WS

Moved stp up to B.E.

ES trading 1279.50 @ 14:37

taking partial profit at 1284.00, and let the runners go.

Stp up at 1281.50.

ES trading 1282.50 @ 15:20

took profits at 1285.00. flat now.-

ES trading 1284.75 15:22

nice and great persistence too!!

a shot of the key lows and the inability of the market to get 30 minute closes below there on bars A, B and C

Originally posted by koolblue

Hey room, when you get a chance check out my reply to that guy on traders lounge here at mypivots!..LOL if you agree vote him down! If you think im being too hard vote him up

I deleted that topic - I agree - did not add any value.