ES Thursday 12-18-14


  • 5
  • BruceM
  • 17-Dec-2014 at 4:40 PM
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gonna kick it off with trying to answer a few questions from Tuesday trades....
No video below? Try this link: lesson_trade.swf








and here is "M" pattern from today...trade it at your own risk like all of this stuff
No video below? Try this link: M_pattern.swf








key numbers for Wednesday Overnight and Thursday....employment report at 8;30 EST

Click image for original size
vwap
  • 0
  • NewKid
  • 18-Dec-2014 at 10:11 AM
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bad trade execution hurt me today and i also made an error in reading the market. i hit my uncle point so i am going to sit out the rest of the day to keep my emotions in check.
  • 0
  • Aladdin
  • 18-Dec-2014 at 10:12 AM
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They maybe want to go and test that prominent POC 2046.75 from 12/11.
  • 0
  • NewKid
  • 18-Dec-2014 at 10:13 AM
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i agree Aladdin. i was considering whether to flip my short and use that as a target but like i said earlier, i am a little gun shy so i will sit out.
  • 1
  • BruceM
  • 18-Dec-2014 at 10:14 AM
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they are trying to leave singles at 30 minute high so 40 and 42.50 shorts need to keep that as a target and potential retest area....I wouldn't want 2 c 43.75...that will be my uncle point assuming I can find something to short
  • 2
  • BruceM
  • 18-Dec-2014 at 10:16 AM
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taking small sells at 40.25 on the way back down...will try small and use new highs as stops on these trades
  • 1
  • Aladdin
  • 18-Dec-2014 at 10:19 AM
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It is wise not letting emotions cloud your judgement, NewKid.
  • 1
  • BruceM
  • 18-Dec-2014 at 10:20 AM
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coming out heavy at breakout point..if lucky I will get one contract to run down to buying tail edge at 35.75 ...another one of our lines today
  • 0
  • NewKid
  • 18-Dec-2014 at 10:21 AM
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it plainly sucks to lose money but i am still paying tuition for the trading college and I will be damned if I forget this lesson. they got me today but i will get them back soon enough
  • 1
  • BruceM
  • 18-Dec-2014 at 10:24 AM
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lvn at 35.50 !
  • 0
  • Aladdin
  • 18-Dec-2014 at 10:24 AM
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Like right now I'm sort of trading against Bruce...pretty scary, if I think about it.
  • 0
  • BruceM
  • 18-Dec-2014 at 8:11 PM
  • Rep: 216k
  • Posts: 19.9k
no..I never trade at this time...never do after market trading but will sometimes take trades around 9 a.m EST...but even then it would be small
Originally posted by NewKid

Bruce, are you trading for those greenies?
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