Recent content by EMC2Trader

TUES - 1-11-2011 - (DAY SESSION PART 2) SUMMARY - Price worked its way to new highs above 1273 by 10:10 to provide gains on the day session one C3 long trade and then trading became tricky when no follow through developed past this key resistance area. Two long trades developed for small...

TUES - 01-01-2011 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Gap up continuation entry @8:31 (1271.50) provided gains when price moved above overnight highs (1272.50) as price first tested 1273 resistance. The following C1 buy that developed @8:36 should be avoided after key...

TUES - 01-11-2011 (OVERNIGHT-OPEN) MACRO – The ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After pausing inside 1258-1250 consolidation, price gapped higher and met some responsive selling, and now we are monitoring the 1273-1260 bracket. OVERNIGHT/OPEN -...

MON - 01-10-2011 (OVERNIGHT-OPEN) MACRO – The ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After pausing inside 1258-1250 consolidation, price gapped higher and met some responsive selling, and now we are monitoring the 1273-1260 bracket. OVERNIGHT/OPEN -...

FRI - 1-07-2011 - (DAY SESSION PART 2) 12:30- After a deeper pullback to 1265.50 around 11:00 developed, an excellent C2 sell took price to new intra-day lows and the 1260 area as expected. A nice price/volume/pivot countertrend buy trade then developed @1261.25 for gains back to the big...

FRI - 1-07-2011 - (DAY SESSION PART 2) 10:30 - Once 1272 held and price moved below 1270, expectations were for intra-day lows to be taken out (1268.25). This set a down bias in place for the trading session for price to test overnight lows (1264.50) and this down bias also coincided with...

FRI - 01-07-2011 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE -Leading to the open price moved higher off the 1274-1267 chop lows and an immediate price/volume buy set up developed @8:33 (1271.50) for small gains when the overnight highs at 1272.50 were taken out as price moved to the...

FRI - 01-07-2011 (OVERNIGHT-OPEN) MACRO – The ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After pausing inside 1258-1250 consolidation for 7 trading sessions to end 2010, price gapped higher and met some responsive selling, and now we are monitoring the...

THURS - 1-06-2011 - (DAY SESSION PART 2) 14:00/SUMMARY - After the bias turned briefly up at 13:00, the first C1 long trade @ 13:30 resulted in a second small loss in a row as price moved back below 1270. When a new attempt at an intraday trend fails with sharp pullback this is the sign of...

THURS - 1-06-2011 - (DAY SESSION PART 2) 13:00 - After the most recent short trade was stopped out above pivot highs at 1269.00, price moved higher above 1270, and bias is now up as price was rejected moving back into the 1270-1258 bracket.

THURS - 1-06-2011 - (DAY SESSION PART 2) MIDDAY - After a brief attempt to take out the intraday high at 1273.75, price fell sharply to new intra-day lows @9:59 which was a clear rejection to move higher, and set the trading trend down. A nice sell immediately followed @10:01 (1270.75)...

THURS - 01-06-2011 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - Price started the session lower and an opening price/volume/pivot sell developed @8:32 (1272.75) for small gains as price moved to 1270 support. A retrace move developed higher with no clear trade signals as price...

THURS - 01-06-2011 (OVERNIGHT-OPEN) MACRO – The ES has broken out of the 1200-1050 bracket on the way to the 1280 area. After pausing inside 1258-1250 consolidation for 7 trading sessions to end 2010, price gapped higher and met some responsive selling, and now we are monitoring the...

MACRO VIEW Here is what I am expecting when viewing the big picture of the ES market. Such big picture views don't necessarily effect day-to-day trading, but when you form such expectations, it does come into play in terms of bridging together developing structure with either falling in...

WED - 1-05-2011 - (DAY SESSION PART 2) SUMMARY - Another straightforward day of trading in terms of big picture analysis. Price started higher early in the session, held 1263, and then moved up to the 1270 target area. There were nice buys setups along the way at 9:40, 10:06, 10:16...