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Me, too. "Swung on a missed...strike one!"

Well, "they" did it...in the very last minute of RTH. With 1530.25 voilated, we're very likely to move up to 1540, where there's a very strong resistance zone and probably a good opportunity to go short.

If they're going to do that, they'd better hurry. I'm gritting my teeth and holding on to my shorts here. I raised my stop one tick to 1530.75. If I don't get stopped out before the close, I'll hold my position into the Globex, where I think there's a decent chance we may drift down...

Interesting that you decided to play this one for the base hit. I'm hoping for a home run here, if not today (in the last hour) then tomorrow morning or later in the week. My stops are close (1 point) so I can't get hurt too bad if I'm wrong here. (Only my pride, Boo Boo, only my pride. :) )

By "swing hi" you're implying that you believe this will be the high for at least a period of days or weeks? (As opposed to HOD?) (If so, I think there's an excellent chance you're right.)

Added to short at 1529.00 Last tick 1527. for +2 and +2.5 Below 1525 will lower stop to break-even.

So far, HOD is 1530.25, one tick below my stop, and exactly the same (to the tick) as the HOD of 6/29. If HOD is violated, next resistance is 1540 area.

Stopped out for -1. Back to Plan A. S 1529.50 with 1-point stop Target1 1515 for +14.5 Target2 1505 for +24.5 If stopped out, will look to re-enter short around 1540.

Nice descending price channel here about 4 points wide since about 11am. Presently from 1523 to 1527, descending slowly. at 12:43 L 1523.75 with 1-point stop at 13:08 closed out at 1526.50 for +2.75 at 13:12 S 1526.75 with 1-point stop target 1523.75 for +3

Looking to enter short at 1530.25 or better at 1540, for a move down to at least 1515 and perhaps 1505.

Possible bull flag continuation pattern here? EDIT: Confirmed bull flag breakout.

Looks to me like typical "buy on the rumor, sell on the news." My guess is that we'll pull back a bit (perhaps to LOD), and then move higher.

FWIW, I'm inclined to agree. I'm showing a declining trendline presently at 1520 and descending at a slope of 4 points per hour. I'm showing resistance at 1522.50-1523.50, and again at yesterday's HOD of 1528.00.

Stopped out for -1.5.

S 1512.75 BS 1514.25 (1.5 points) PT1 1505.50 (7.25 points) PT2 1498.50 (14.25 points)

Well, I blew the execution on that one. Entered long at 1510.50 with a 3-tick stop. Got stopped out when price spiked down to 1509.50. Attemted to re-enter long at 1510.50 but never got filled. :mad: If I'd had a larger stop (which would have reduced the risk/reward ratio) or waited for...

B1S2, please define what you mean by "short term" in the context of the above. Weeks? Months?

Yes, so far this looks like a great day for an automated tick-scalping strategy, but not so good for hitting any home runs. It would take a rally to 1528 for me to enter short with any real enthusiasm, although there's weak resistance at 1523. Likewise, it would take a decline to 1505 for me...

Well done yourself! My trading strategy for ES is simple. I can sum it up in one sentence: "What would Apex do?" :D

First unit profit taken at 1510.50 for +12.00 Second unit profit taken at 1513.75 for +4.00 Done for the day. :) Good trading, everyone. See you tomorrow.