ES short term trading 1-28-11

Originally posted by koolblue

Originally posted by BruceM

I agree...some will look at trading on both sides of the MOnday - Tuesday range as a Neutral week...Like we do with the 60 minute IB.......so the midpoint of the weekly range shows up right there at the numbers you say....and others will want it to close on the lows or highs.....

Originally posted by johnpr2010

Someone believe if we are going to 84 or 87 area?

Bruce, just trying to learn here, not critique.. if you believein 1284 or even 1287, why arnt you looking to be long since the last 30 min bar made a higher high that the previous one ,etc? That would seem to be in the range of the trades you usually go after, especially if you got in ,say at 1277 or 1278,etc

Originally posted by koolblue

Originally posted by koolblue

Id believe 1284.25... beyond that.. not sure yet

(from one min initial move 1272.50 to 1277.
00=4.5 and 4.5x 2.618=11.78 which added to 1272.50=1284.28 or 1284.25, but you better pray we get thru the 1.618 first!... see above post!above post meaning the 12:13 one

Originally posted by BruceM

I can tell ya this though Koolio.....my confusion would be confirmed with that 1 pm close as it was above the 77 number but right at the weekly open.....

So if I was long I would have wanted to see closes way above both...

Much easier to eat lunch then trade..