ES Short Term Trading 02-03-2011


  • 2
  • Lorn
  • 3-Feb-2011 at 8:48 AM
  • Rep: 16k
  • Posts: 1,406
Ice and snow everywhere!

Here is a look at the weeks profile to give us an idea where important zones are sitting.


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30minmp02032011
  • 1
  • koolblue
  • 3-Feb-2011 at 11:01 AM
  • Rep: 48.6k
  • Posts: 16k
Too early to tell yet ,but....
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1149
  • 0
  • koolblue
  • 3-Feb-2011 at 11:08 AM
  • Rep: 48.6k
  • Posts: 16k
hoping to exit both (early?) at 1294.25, as im hoping for a little turn near there and expect the triples to get run out later as we progress to my buy objective of 1289-90
  • 0
  • koolblue
  • 3-Feb-2011 at 11:09 AM
  • Rep: 48.6k
  • Posts: 16k
Bingo!
...so far so good!
  • 1
  • Lorn
  • 3-Feb-2011 at 11:13 AM
  • Rep: 16k
  • Posts: 1,406
Kool, I find it very useful when projections come up where the VWAP is for example the 1297 turn.


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1minvwap02032011a
  • 0
  • Lorn
  • 3-Feb-2011 at 11:16 AM
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  • Posts: 1,406
Another key in helping determine if larger projections will be hit is how VWAP support/resists current PA.
  • 0
  • koolblue
  • 3-Feb-2011 at 11:19 AM
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  • Posts: 16k
Originally posted by Lorn

Kool, I find it very useful when projections come up where the VWAP is for example the 1297 turn.


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1minvwap02032011a

Absoulutely, i used to always have the vwap on my 13 min chart! But since i upgraded to ninjatrader 7 some time ago, ive had trouble importing the indicator!...I'll figure it out sooner or later, hopefully!
  • 1
  • koolblue
  • 3-Feb-2011 at 12:03 PM
  • Rep: 48.6k
  • Posts: 16k
just sold 1300.50....
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1150
  • 1
  • koolblue
  • 3-Feb-2011 at 12:10 PM
  • Rep: 48.6k
  • Posts: 16k
I'll exit both at 1298.00 so i can get some sleep! (expecting lower tho...
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1151
  • 1
  • koolblue
  • 3-Feb-2011 at 12:36 PM
  • Rep: 48.6k
  • Posts: 16k
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1153
...I have re-drawn the very short term projection to reflect the one min initial move... since im up 7 handles today, i'm still going to exit 1298.00 if they let me, and am lowering my initial stop from 1302.00 to breakeven, for zero risk!...Gotta sleep!!!
  • 0
  • koolblue
  • 3-Feb-2011 at 12:50 PM
  • Rep: 48.6k
  • Posts: 16k
Wow, that hard spike down just now to 1298.00 filled me!! Thank God! now i'll sleep good up 12 on the day!... i was due!..Good trading all!
  • 1
  • Lorn
  • 3-Feb-2011 at 2:10 PM
  • Rep: 16k
  • Posts: 1,406
Since Kool is enjoying a snooze here are 30-min projections.


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30fibprjec02032011
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