Search results

ER2 is hands down the best intraday futures trading instrument there is. You just have to know what your doing. It has the best fills, best range and trend and slippage is small. Put up a 15 minute er and es chart, tell me you dont see a divergence...... The er has been getting crushed the...

Not quite sure what you mean by that statement. What I am getting at is that the bull run is typically exhausted after 3 impulse waves to the upside and has to retreat before resuming its move up. As long as we are under that projected 5 wave move it is going to create downward pressure on the...

The Support zones held as planned. The first zone was breached, but its main component was a structure that was formed by the opening print. At the time I constructed it I just used the globex because the market had not opened. The comment made earlier about support at 1433 was the new level...

You are going to find that there will always usually be an argument for the direction. That is why there is a market and why it moves with mass psychology. Its a matter of ranking the arguments against the trade which creates an odds and probabilties situation and use that accordingly to...

ES is in an uptrend and the odds are always with the higher degree trend. The only nuance is that we are at a weekly resistant zone, completed a 5 wave move and also coming off a double top. The trend is your friend until its about to end. So in a sense, yes you could go long. But if you are...

what is this bullshit. Look at the divergence between the er and es. I should have bought russel puts, this is ridicolous. Here is the updated chart from the 5 wave move I called out to the exact point and also stated that 793 was a MINIMUM profit target, not a completion. Now trading 26...

If they are going to turn it to the upside its going to happen right here at 1434.1434.50

1436-1437 now local resistance

Es hitting support here at 1433! if this cracks below here look out below!

The second ES support I constructed is a bit off. It is stronger in the 1430-1431.50. Basically it should be adjusted down by a point.

Here are the ES zones for the day. Resistance zones are not as defined and I would definately not recommend shorting those levels without tight stops and smaller size due to being countertrend. Odds call for a trend day so it is better to stick with the direction. Be careful and conservative...

Just did some s&p cash daily analysis before hitting the sack. Look at this massive brick wall we are trading in and just above... People seem way to optimistic buying at these levels. This market is way overdue for a decent pullback and a volatility breakout. Typically, those always result...

lol tops are choppy but good news is odds are for a sustained breakout tomorrow in one direction.

This could be it guys..... The long awaited 5% correction. I bought some puts at the highs and will close out with any move to new higher highs. So basically I will suffer a very small minor loss. It most likely wont rollover straight away, it will consolidate and fake every which way before...

Minimum projected target was hit this morning in the globex session in the 793 area. Out 100% of position for a 10.5 pt gain(1,500) per contract. Risk Reward on trade was 1:10.5 791.50-793 is pretty good support Expect it to hold here and move back up to the 796-797 area. That will be the...

Well ya its thinner but it is also twice the size so you can trade less contracts. I am able to trade 15-30 lots most of the day without any problems, except for lunch. But I am also using limit orders 90% of the time. Whenever I tried to trade 60 lots on the ES.. hell even 20 lots there is...

Romik if you are consitently profitable trading the ES you should check out the mini russel (er2). Today is a great example of the oppurtunities in this great contract while the ES did crap all. Its violent, but it's a great daytrading instrument.

You guys need to shut up and trade. There are many ways to skin a cat, each to his own. Just took out profit target 1 here at 796.50 for 8pts per contract. $16k. Holding second unit short with BE stop looking for 793-794. Initial position was a 1pt stop. ...Updated Chart...

If any of you are mini russel traders the completion of the 5 wave move is much more clear. The symmetry is very precise which gives it a very high ranking. It traded up into the meat of the zone on monday, therefore it does not need to test those levels again before hitting the minimum...