ES Short Term Trading 02-04-2011


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  • Lorn
  • 4-Feb-2011 at 8:39 AM
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Weekly RTH profile.


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30minmp02042011
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  • koolblue
  • 4-Feb-2011 at 10:28 AM
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Sorry bout the euro chart!..3 hours sleep!... up 3.5 handles on the day and watching... Normally, i would have taken one off at my 1302.50 and held the runner for closer to 1296-7 but i promised Thu we'd do something today for Vietnamese new year.(see picture at the end of Kools Tools primer #2 thread and you'll understand why!..LOL)
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  • koolblue
  • 4-Feb-2011 at 10:57 AM
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Against the consensus, as usual, it would appear the kools tools number 1296-1297 will come into play.. I'd be a buyer there, however as today ,seasonally should be flat to slightly down on a closing basis... and the 2.618 of 1288 seems a bit much for that!
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  • koolblue
  • 4-Feb-2011 at 11:21 AM
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im going to try a sell at 1302.50 with a stop just above the vwap and red avg on the 13 min chart at 1303.25...maybe 2 handles max
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  • Lorn
  • 4-Feb-2011 at 11:27 AM
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Here is a look at the VWAP chart. Should be telling how prices handle a challenge into it.


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1minvwap02042011
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  • koolblue
  • 4-Feb-2011 at 11:29 AM
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1159
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  • koolblue
  • 4-Feb-2011 at 11:38 AM
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the full initial projection on that one min chart has its 1.618 right at the vwap..1303.25 an ideal short term scalp area,imho
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  • Lorn
  • 4-Feb-2011 at 11:38 AM
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Agreed Kool.

Originally posted by koolblue

the full initial projection on that one min chart has its 1.618 right at the vwap..1303.25 an ideal short term scalp area,imho
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  • koolblue
  • 4-Feb-2011 at 11:48 AM
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Hope you took advantage,Lorn!.. I was too antsy and entered a bit early at 1302.50.. will take one off at 1301.00 to reduce risk...
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  • Lorn
  • 4-Feb-2011 at 11:53 AM
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Nope...no fill at 1303.50.

Originally posted by koolblue

Hope you took advantage,Lorn!.. I was too antsy and entered a bit early at 1302.50.. will take one off at 1301.00 to reduce risk...
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  • koolblue
  • 4-Feb-2011 at 11:53 AM
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Important turning point coming up around the 12:30 timeframe give or take ,imo
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  • koolblue
  • 4-Feb-2011 at 12:55 PM
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#$!@ stopped on the runner at 1304.00, loss of 1.5...now up 3.5 on the day
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