ES Day Trading 5-31-2011


  • 3
  • Lorn
  • 31-May-2011 at 8:28 AM
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Getting thing started with a look at last weeks volume profile. Obviously prices are much higher here in the O/N but one of the interesting things to note on this chart is the expanding volume on up moves and decreasing volume on pullbacks. Classic behavior in an up trending market.


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es30min05312011
  • 1
  • neoikon
  • 31-May-2011 at 12:34 PM
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When we have a Monday holiday, I like to continue to use the Monday's pivots instead of the ones generated from yesterday's limited action.

That being said, so far, we've found resistance at R3 (43.50), R2 briefly offered some support at 38.75, but failed... and it seems we found some support on R1 (34.25), went 52.8 of the way to R2 (36.50) and looks like we're rolling over.

I would love to see this make it down to 30...
  • 0
  • BruceM
  • 31-May-2011 at 12:37 PM
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that's me done at 33.75......low volume from O/N is filled in...I had one left with stop at 36.75 that they just missed on that mini retrace up...

hope it keeps dropping for those holding
  • 0
  • Dubya
  • 31-May-2011 at 12:44 PM
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Nice technical work and nice trades Bruce...new here and just listening for now...is there a way to have posts automatically pop up on my screen? Not that familiar with the site and have been refreshing to read posts...thanks
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  • neoikon
  • 31-May-2011 at 12:55 PM
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Originally posted by Dubya
...is there a way to have posts automatically pop up on my screen? Not that familiar with the site and have been refreshing to read posts...


Yeah, I am curious of a better way as well...
  • 0
  • TradeQueen
  • 31-May-2011 at 1:12 PM
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I get what you both are saying as well as agree with you, although I feel anything else would just get too chaotic.

There is a calm about this method I really like. sorry.

Originally posted by neoikon

Originally posted by Dubya
...is there a way to have posts automatically pop up on my screen? Not that familiar with the site and have been refreshing to read posts...


Yeah, I am curious of a better way as well...
  • 2
  • neoikon
  • 31-May-2011 at 2:32 PM
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  • Posts: 173
RTH 52.8% retracement at 39 right there...
  • 0
  • neoikon
  • 31-May-2011 at 2:58 PM
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  • Posts: 173
Bouncing between a couple trips... 38.75 and 37.25.

I'd love to see this break down to 30-31, but I am not liking this action.
  • 0
  • BruceM
  • 31-May-2011 at 3:13 PM
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yes and a gap in the data at up 38.25...poor volume..
  • 0
  • chrisp
  • 31-May-2011 at 3:17 PM
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no trade here, but an interesting observation, Month of May, globex range 1373.5 - 2.25, middle = 38, RTH 67.25 - 8.75 middle = 38, end of month window dressing??
  • 0
  • zodei1
  • 31-May-2011 at 3:55 PM
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I think we eill see a new High and prefer as Target 1.350 O/N or tomorrow
  • 0
  • TradeQueen
  • 1-Jun-2011 at 2:55 AM
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  • Posts: 204
I deserve that! Foot still in mouth. BTW... the function works Great! Wouldn't of wanted to miss this post... no really!



Originally posted by Dubya

This is a good option to have..hopefully it will still remain "calm" TQ......
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