ES 03-23-2011

Good morning all. Just a few thoughts I wanted to share. We have a unique situation here with at least two of the best traders you will find anywhere Kool and Bruce along with a number of others ( sorry for not mentioning all} sharing their thoughts thru out the day. They give price levels and reasons prior to making a trade. This is the most valuable assist a trader like myself can have. No I do not attempt to blindly piggyback their trades but knowing what price level they are interested in and why sure helps me. So that makes up the proticall here. Pls feel free to post but do it before the trade and say why.

[Admin edit - removed off-topic material]

out at 83.75. Not gonna spend the next 2 hours staring at consolidation. Thought I would post since I already declared a position.

Great thread and after many months reading, decided to make a couple posts.

"Mr. Big Wig" certainly makes you sweat for your money, even if you follow him...lol

Exit...whew

Nice trade Lisa.

Final count - see blue mark

Sorry, fast fingers

Here we go into the afternoon hours and we have some small hidden divergence on the CD with it pushing above the peak about half hour ago while prices remain below it. This is right around yesterday RTH low not sure if bears can overcome this though. We shall see.

just got time to check ES. 50 EMA crossed 200 EMA. May go up.

Bought @ 1288

will update soon.

Here is a look at 5 min chart with projections up off the low. Red dashed line is YD RTH low. Orange dotted line is O/N low. Green dotted line is O/N high.

looking to sell at 92.25-92.5...only a small piece...96 would be ideal but doubt we get there without first some room for a small scalp short...

Hey MM,

I traded FOSL, PLCM & BIDU, great trades!

Looking foward to your posts

Diana

Originally posted by MonkeyMeat

That's GREAT Nigel! Even though the ES gapped down and sold down early, most of the stocks held up with most moving up pretty quickly and steadily when looking at their 5min charts. Of course there's always gonna be a lemon or few that don't behave as anticipated.

NFLX (which can be a mean bastard sometimes), FOSL,OPEN,DVA,SINA and BIDU were all good pretty much from the start ... looking at their 5min charts. Then again, it's where you get in and out that makes a good long trade work (or not).

PLCM was the skanky lemmon and AH kinda all over the map ... woulda been a psychic to pull any money outta those other than the late day rally in AH.

I'd invite others to take a peek at the daily and today's 5min charts on these to see what some good setups in equities can do. Anyway, no horn tootin' for me ... been doing this too long to have ego involved. Just glad someone made some coin with 'em!

Also, as I've mentioned before about equity picks I've posted ... they can act as an INDICATOR for ES trading. If the majority of good long picks just fall apart ... tends to signal more weakness in the market (ES). If they are holding up strong, then it can signal strength in the market with potential intraday upside asserting itself in the ES.

Btw, what stocks were you in NIGEL?

Originally posted by NIGEL68

Thank you MM for those stocks, took 3 of your stocks and made more than $400 today.

Keep posting

Originally posted by MonkeyMeat

For any equity traders out there, if the market moves up, here are some stocks that may offer some potential good long plays for a day trade (or more) today and perhaps the next couple of days.

NFLX, FOSL, AH, OPEN, PLCM, DVA, SINA, BIDU

Some look better than others ... but I'll be watching these. If the mkt sells down, then best to avoid 'em for now.

MM