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Thanks for the tip. Any idea what time the central bank will announce?

B1S2, I'm trying to understand your divergence trading. Do you have any posts you could refer me to?

Covered @1256.50

I'm glad it would have gotten you too! :) If it wouldn't have, I was doing something wrong with your BB method. Follow-up trade was a gut trade.

Yes, going to hold into 4:15 close, see if we get some panic.....1260 cover stop.

Out @1266 and reverse. Pathetic volume on rise.

Bounce off BB. Long. 1266

ES must really want to go up....looks like it is reversing the BBpattern and turning upwards.

Looks like a boring trendless day, maybe a BB day?

Second chart

Dont worry 4RE, I'm in the same boat, wishing I had been able to trade the afternoon session. What opportunities! I saw a double short around 76-73 and a nice 81-79 plus mucho more. Oh well, work calls. If I was superstitious, I'd think the market was testing me with all these missed...

For tomorrow, I can see a possible long target for 1292.50-1294.50. But short target??? In my eyes, the rise today was very orderly with few gaps. Will be interested to see 4RE's take.

I don't really see that channel, can you show it. Of course, I can see it now! :D I didn't take the trade either. I always get burned in the last hour of trading and didn't think it'd go up into the close. Perhaps I should have let the chart decide for me. With so little overhead resistance...

Anyone thinking of buying if we hit 1283? No resistance since 5/17. If it breaks it on good volume should be 2-3 points easy. Probably a better setup for Friday if we close around here.

4RE, Any chance you'll trade the secondary target? 1279.50-1281.50 Its funny how fast I become greedy! :D Thanks again for all the advice. After a couple of bad days to start out, I'm did it right two days in a row though only a point a time. Not much for most but its making me feel pretty...

Thanks Lamont, Your post helped me understand better the concepts of S+R. Hopefully it will also help with my trading, now that I understand the basis of why I'm getting up in the morning to crouch over my computer with my cat crying at me for food. :D

Sure, I didn't put in the sell limit @1277 until after it got close to there. The way I trade is that I have 3-4 sell prices sitting there ready to be sent with a stop already in place. I think I was too busy figuring out the other sell limit prices to transmit the sell @1277 one. Thanks for the...

OK, thanks man. I guess my broker screwed me. Who do you use?

Where did you exit the trade 4RE? I'm just trying to understand how you modified your trade since I thought it was buy @1275, sell @1277. I had a sell limit at 1277 that never filled. Did you enter a little earlier?

Nice...you do bring up a good point. If we have a set long range but the chart starts indicating a little resistance on the intraday then might it be a good idea to tweak our entry? EG. Like K-Rock said, he bought after it broke above the previous high and easily got his two points. One of...