ES update


  • 3
  • koolblue
  • 30-Apr-2011 at 9:23 AM
  • Rep: 48.6k
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I'm still concentrating mostly on the euro as i slowly make the transition to increasing my position size, but am starting to watch the ES as i feel an inflection point (tho minor in the larger scheme of things) is imminent. Friday i had a ten lot sale ready to pop at 1361.25 and we touched 1361.00 before going to my objective! sheese!.. Anyway, here's a look at what may occur next week(then again, maybe we just continue on to dow 36,000!lol)

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es daily


...seasonals seem to support my hypothesis...

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seasonalmayspx


..Good luck gang!
  • 0
  • koolblue
  • 3-May-2011 at 3:59 PM
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BIG FAT BINGO!!!! I gave you the turn point and price objective and there it is! Hopefully you guys made some money off of it.

  • 1
  • koolblue
  • 3-May-2011 at 4:11 PM
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Click image for original size
1613
  • 1
  • rburns
  • 3-May-2011 at 4:50 PM
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Koolio I have used your numbers for a few years and the 13 and 30 are incredible. The 13 you show above is not what I used. From the 57.25 high bar I used the 4th bar over with a low of 51.25. This gave me 1347.62 and the 261 at 1341.68. I have a 30 giving me similar numbers. I also have 30 min air at 1343 and 1339. I am not sure why you used you 13 that way. Any explanation is appreciated.
  • 2
  • rburns
  • 3-May-2011 at 4:54 PM
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By the way if 1345.75 holds we have a 30 min upside of 1358.05 for the 161 and the 261 is at 1365.64 with air there also. That makes it a pretty big target.
Best wishes and good trading to all RB
  • 2
  • koolblue
  • 3-May-2011 at 4:56 PM
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well, basically because it gave what i felt would be the 'bare minimum' projection, cause im using the high to the low of the very next bar. Thats why i didnt jump in at 1346.75(the start of the air fill i showed... by the way i also had 1343,so my actual buy zone was 1343-1346.25.
  • 0
  • rburns
  • 3-May-2011 at 4:59 PM
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Thanks Koolio
  • 0
  • koolblue
  • 3-May-2011 at 5:20 PM
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Originally posted by rburns

Thanks Koolio
note also friend that the 1357.25 to 1351.25 move could be a projection to 1341.50 if the current low doesnt hold tomorrow!..So lets keep that in mind...Either way, i believe this to be a dynamic buying opp.
  • 0
  • Big Mike
  • 3-May-2011 at 7:51 PM
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Originally posted by koolblue

well, basically because it gave what i felt would be the 'bare minimum' projection, cause im using the high to the low of the very next bar. Thats why i didnt jump in at 1346.75(the start of the air fill i showed... by the way i also had 1343,so my actual buy zone was 1343-1346.25.


Always amazed and try to learn from your complicated (to me) system, but at the time wasn't 1346.75 the obvious next significant swing low?

Actually that is why it acted as support and it zoomed back to 1353s just like it did last time it was touched.
  • 0
  • TradeQueen
  • 4-May-2011 at 11:12 AM
  • Rep: 879
  • Posts: 204
Originally posted by koolblue

Originally posted by rburns

Thanks Koolio
note also friend that the 1357.25 to 1351.25 move could be a projection to 1341.50 if the current low doesnt hold tomorrow!..So lets keep that in mind...Either way, i believe this to be a dynamic buying opp.


Correct me if I'm wrong... but it looks to me... YOU NAILED IT! How do you do that? That's freakin AWESOME!
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