ES Thursday 2-16-12


  • 6
  • BruceM
  • 16-Feb-2012 at 9:52 AM
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42.50 - 44 is first resistance to go back to 38- 39 area...( lots of stops at 40.25 now )above is 47 - 49.25 for sells to use 44 as a target


this is a bracketed market still and all the volume this week is in this 42.50 - 44 so these sells are harder I think...safer sells are higher up in that upper zone

below the 38 area i will wait till I see trade under 35 to look for longs
  • 4
  • koolblue
  • 16-Feb-2012 at 10:00 AM
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es 03 12 15 min 2162012

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seasonalfebruaryspx

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file1318877389 112f8a822ef99e6568a618207ff0a9a2
  • 3
  • johnpr2010
  • 16-Feb-2012 at 10:08 AM
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chart13
  • 3
  • koolblue
  • 16-Feb-2012 at 10:11 AM
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Just sold 1345.00 to front run the 1345.33 on my chart...
  • 0
  • G Runt
  • 16-Feb-2012 at 10:14 AM
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  • Posts: 68
Originally posted by koolblue

Just sold 1345.00 to front run the 1345.33 on my chart...


catching the high tick...not bad.
  • 2
  • koolblue
  • 16-Feb-2012 at 10:15 AM
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Originally posted by G Runt

Originally posted by koolblue

Just sold 1345.00 to front run the 1345.33 on my chart...


catching the high tick...not bad.
No, the high tick was 1345.25 ...right at my price projection
  • 3
  • johnpr2010
  • 16-Feb-2012 at 10:16 AM
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I am correcting the number to be 1345.25 to 1345.50. I did the measure wrong by one tick.
  • 0
  • G Runt
  • 16-Feb-2012 at 10:18 AM
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  • Posts: 68
Originally posted by koolblue

Originally posted by G Runt

Originally posted by koolblue

Just sold 1345.00 to front run the 1345.33 on my chart...


catching the high tick...not bad.
No, the high tick was 1345.25 ...right at my price projection



for entry purposes of course as you were selling. I know the actual tick. My congrats are still in place.
  • 0
  • koolblue
  • 16-Feb-2012 at 10:19 AM
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ohhh ,i see what u mean... sorry , i thought maybe your charts were off!
  • 2
  • koolblue
  • 16-Feb-2012 at 10:24 AM
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well lets see, high was 1345.25 ,then initial move to 1343.25 for an initial move of 2 handles, so the 1.618 is 1342.00 and the 2.618 is 1340.. so i will exit 1342.25 if they let me . I always exit early to be safe!
(ps: thats currently the red avg on the 5 min chart)
  • 1
  • koolblue
  • 16-Feb-2012 at 10:28 AM
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Note that to reach the 'average' daily range we need to go to about 1348.25 (14 handles)
  • 3
  • ETM
  • 16-Feb-2012 at 6:01 PM
  • Rep: 967
  • Posts: 94
Originally posted by Dubya

Many Thanks to all the traders who kept shorting this market all the way up today and buying back above new highs..could not have done it without you....just kidding..the real credit goes to the Goldmans and Chases aand Wells Fargos of the world that make up 80% of the emini market..their computers all decided to pretty much go in the same direction today...and that I believe is educational...tomorrow is a new day..we will see what they decide to do tomorrow...I will leave the predictions to others...quite frankly, I am not that smart....


Less snark

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