ES Short Term Trading for 4-21-11


  • 3
  • MonkeyMeat
  • 20-Apr-2011 at 11:18 PM
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Here's my MonkeyMap of the ES 30min chart of 20 days. The Gray background is the "overnight" trading. The right vertical axis shows the 20-days worth of Volume at Price in Light Blue. The Red lines are my PASR "zones" of potential S/R with the Magenta potential semi-significant. The White dashed lines are the Weekly Pivots. Have a Yellow line above the current market that looks like a potential significant Fib cluster area to me. Hope this helps some in this whacky current market action!

Click image for original size
es 30m sr for 42111


Don't have much in the way of PASR above what is a 3 year high for now ... my bad!
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  • koolblue
  • 21-Apr-2011 at 12:39 PM
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Back, and it doesnt look like i missed much!
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  • mrg
  • 21-Apr-2011 at 12:44 PM
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I dont think i could draw a straighter line
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  • koolblue
  • 21-Apr-2011 at 12:46 PM
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i got rid of my runner at roughly breakeven (1333.00) to preserve a profitable trade, and because i live by the old axiom, what cant seem to go down ,is gonna go up
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  • koolblue
  • 21-Apr-2011 at 12:47 PM
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Originally posted by mrg

I dont think i could draw a straighter line
pre holiday trading ,with all the big money gone... i expect this non- action, but with an upward bias today.
  • 1
  • Lorn
  • 21-Apr-2011 at 12:51 PM
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Originally posted by BruceM

Hey Lorn...is your CD getting worse as we push up right now...I'm showing CD weakening on these attempts to go higher right now


It has weakened a little in this sideways consolidation but nothing I'd write home about.


Click image for original size
esvwap04212011
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  • koolblue
  • 21-Apr-2011 at 1:25 PM
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Click image for original size
1602
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  • koolblue
  • 21-Apr-2011 at 1:40 PM
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Well, we could stop right at 1331.00, but im going to slightly adjust a buy scalp target to the 1329.50-1330.50 range... trying to be very cautious !
  • 4
  • BruceM
  • 21-Apr-2011 at 1:47 PM
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that's me done 4 on and 4 off at 31.50 print ...a perfect hit on the vwap and POC.....don't diddle in the middle !A better example u won't find...at least not today


Look how CD diverged as we made new highs on the days...now look at your $ticks ..not shown here and look at your volume shown here...classic example of price trying to push away from a volume node -VWAP combo....on low volume !

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perfect
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  • koolblue
  • 21-Apr-2011 at 1:48 PM
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well done ,Bruce!
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  • koolblue
  • 21-Apr-2011 at 2:21 PM
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boring action today!.. Im going to start my weekend... same opinions still apply ,however... Hope everyone has an enjoyable holiday!
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  • koolblue
  • 21-Apr-2011 at 4:21 PM
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Well, i just woke up from my nap and was about to post how it looks like 1331.00 held it, but check out the last 4 min of trading!...ha! Crafty bastards! too late to take advantage of!... c ya next week!
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