ES 4-4-2011


Getting the week started off here is a look at last weeks RTH profile.

Obvious zone on this chart is the gap in the middle with virtually zero volume.


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es30min04032011
chasing from 1328.25, tight stop at 1330.00...
Originally posted by koolblue

chasing from 1328.25, tight stop at 1330.00...
my thinking is that if they brek that red avg it may carry north a while... besides we have positive seasonality today so i need to be very cautious!
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1572
of COURSE I COULD BE WRONG... buying could always suddenly pick up?! One thing is certain, VERY tight boll bands on the cash chart show a big move is coming soon!!!
full ahead at the speed of nothing!... yawn!
Originally posted by koolblue

full ahead at the speed of nothing!... yawn!

IF IN FACT I GET LUCKY HERE, I'LL TAKE ONE OFF AT 1327.25 AND HOLD THE RUNNER FOR CLOSER TO 1324.50
COVERED ONE AT 1327.25,PLUS ONE BIG HANDLE!..UP 2.75 O/N THE DAY ..holding the runner , probably exit around 1325.00-1325.50 if lucky.havent changed my stop yet...
Originally posted by day trading

Originally posted by Big Mike

Does anyone have today's Value Areas? Thanks in advance.


Sorry - dropped the ball over the weekend - here they are:
http://www.mypivots.com/board/topic/6577/-1/value-areas-and-point-of-control-2011-q2#77886


Thanks DT! No apologies needed, I appreciate your work.
Hopefully i'll be exiting at 1325.50, expecting around 1324.75....
just chickened out at 1326.25 because of the huge vol on my dom at 25.50 and 25.75!... plus 2 handles anyway... up 4.75 on the day!
Glad ya nabbed SOHU ... unfolded well. Considering the market was range bound, most of the stock picks held up well with many also reflecting the ES price activity ... but they performed pretty well overall ... with 1 or 2 semi-lemons. Thanks for the feedback; it's nice to hear back that someone's profited from the picks. Good stuff!