ES Friday 9-16-11

ES finally moved above 1198 and in it's way to 1250.
The numbers posted last night worked well today, with the ES closing in the 1202 objective area.

For tomorrow, Friday, Sep. 16, I have the following:


Buy above 1208.75
with 1212 / 1218 / 1224 / 1229 / 1235
as outside objectives.

Sell below 1203.00
with 1198 / 1191 / 1181
as downside objectives.

Will see how the above numbers works out in the night and day session.
I usually keep my protecting stop between 1 and 3 pts, (Your call)

The above numbers work best from S/Rs and Fibs.

Will see, in due time the market will show us the way.

Good luck and good trading

so you only use 5 min?

Originally posted by prestwickdrive

Originally posted by palmer

prest you got a 1195 15 min projection ??

Sorry Palmer. I was away for a break. I do not use 15 min projections so I didn't have that. I do have 1197.5-1201 giving a full of 1206.75 though.

Spoke too soon ... Looking at it again I see what you mean. 14.5-7.0 gives a full of 94.75-95.0.

Originally posted by palmer

so you only use 5 min?

One and 3 minute charts work well for me but I think it all works out basically the same way. If my shorter time frame extreme that I used for a projection is taken out I just calculate the next one based on the next cycle inflection point.

1206 s/r level
also the open for me
my settlement # is 1216.74, don't know why the difference
will see if price and time can meet at 1215
above the 1206 is the O/N 1208.75
stocks strong with marginal new high for AMZN,AAPL pushing at 400
DJI leading and 50% s/r about 11400

ES is trading near the 50% from this morning's H - L (1214.50 - 1197.50) 50% 1206.00

If the ES is able to hold here, maybe down a bit to 1202 but no necessary, then up to possibly 1220 objective.
Below 1202 will void the above.

Will see for now. I will buy above 1208.00. ES now trading 1205.25 at 12:22 E.T.

scouting for a short- aggressive looking around 1208.75-1209.75

Long ES 1208.25 @ 12:36 E.T. ES now trading 1209.00 @ 12:38 E.T. SL at 1206.75. 1220 possible objective. 1215 resistance.

2 point stop as I think we will revisit highs

Hello 1st post .......Question was this morning highs at a half way point in the overall ES daily chart.

Moving protecting stop up to B-E. (1208.25)
ES now trading 1210.00 @ 12:47.

Market Profile Single Prints summary for today for ES Z1. There was a single print from 9/1 at 1205.75 which would have been a short price if we had opened below it. Because we opened above it was considered filled.

The market created a single print in the F bracket today at 1205.25 which would have triggered a short when the market moved back up to this price which would have been stopped out for a 4 point loss.