ES Trading for 03-02-11


  • 1
  • pt_emini
  • 2-Mar-2011 at 9:41 AM
  • Rep: 5,707
  • Posts: 1,941
Opening Profile

Consolidated overnight at lows of yesterday's 36 point range.

Click image for original size
Opening Profile
  • 1
  • pt_emini
  • 2-Mar-2011 at 10:07 AM
  • Rep: 5,707
  • Posts: 1,941
120 Minute Chart

If yesterday's low holds here, then it looks like a triangle corrective wave structure may develop. If this low gives way, then AB=CD projects down to 1286 or lower, note unfilled gap sitting down in that same area.


Click image for original size
120 Minute Chart Structure
  • 1
  • Lorn
  • 2-Mar-2011 at 11:52 AM
  • Rep: 16k
  • Posts: 1,406
This getting sold majorly right now as shown by CD. If prices can find support here on the VWAP we could see a swift short covering move otherwise more down.


Click image for original size
1minvwap03022011
  • 0
  • koolblue
  • 2-Mar-2011 at 11:56 AM
  • Rep: 48.6k
  • Posts: 16k
Good morning! Great charts guys!...P.T., fwiw, i also have 1286 as a target... not sure if i showed that yesterday or not... i'll have to look.
  • 0
  • koolblue
  • 2-Mar-2011 at 12:24 PM
  • Rep: 48.6k
  • Posts: 16k
Working a short here from 1305.50...may be early tho, 1308 is possible
  • 1
  • koolblue
  • 2-Mar-2011 at 12:29 PM
  • Rep: 48.6k
  • Posts: 16k
Click image for original size
1260
  • 0
  • koolblue
  • 2-Mar-2011 at 12:34 PM
  • Rep: 48.6k
  • Posts: 16k
Originally posted by koolblue

Working a short here from 1305.50...may be early tho, 1308 is possible

..BINGO!...SIGH!...1308.50 will stop me out!
  • 0
  • koolblue
  • 2-Mar-2011 at 12:35 PM
  • Rep: 48.6k
  • Posts: 16k
Originally posted by pt_emini

Opening Profile

Consolidated overnight at lows of yesterday's 36 point range.

Click image for original size
Opening Profile

yet another reason 1308 might be a good turning point?
  • 1
  • BruceM
  • 2-Mar-2011 at 12:35 PM
  • Rep: 216k
  • Posts: 19.9k
both sides of IB trading so watch the middle at 1307...volume spike there too
  • 0
  • koolblue
  • 2-Mar-2011 at 12:37 PM
  • Rep: 48.6k
  • Posts: 16k
Thx ,Bruce...and i notice 1308 is the median line on the 5 min chart..Man, i wish i would have been more patient!
  • 0
  • koolblue
  • 2-Mar-2011 at 12:40 PM
  • Rep: 48.6k
  • Posts: 16k
stopped... shoulda stayed in bed today!
  • 2
  • Lorn
  • 2-Mar-2011 at 5:05 PM
  • Rep: 16k
  • Posts: 1,406
There you go Bruce. I've marked the area you are referring to with corresponding blue trend lines. Certainly not an overwhelming divergence but it was one for sure.



Click image for original size
1minvwap03022011b
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.