ES Journal Archive (2006 - 2008)

[brightstone]

going to retest the bottom @23.50

 

[apex82]

Quote from brightstone:

going to retest the bottom @23.50

Most likely move up 1427.50-1428.50. That is now local resistance

 

[brightstone]

stalllllllllll

 

[my2cents]

1432.50 - 1423.25 = 9.25 pts

Rule of 10? Ahhhh......close enough for government work.

I'm done.

 

[apex82]

Quote from apex82:

Most likely move up 1427.50-1428.50. That is now local resistance

It can test fridays low now if it wants. I still think its got antother push up first.

 

[apex82]

Quote from apex82:

Here are the levels for the day. The first 2 S zones are minor support. Which consists of a zone from 1424.75-1422.75 The main resistance is just above the market 1429-1431. Mondays before FOMC are typically range reduction days. That will be the plan for today. If the market can get down to minor support within first 15-30 min of open it increases odds that it will test and run up to first resistance, possibly double top and then get a possible retest of fridays low. If it does not test Minor S soon after the open and instead runs up to first resistance it severly decreases the odds of minor S holding and will expect a retest of Fridays low.

Good trading, be careful as most likely choppy today.

Just wrapping up the day. Today called for a range reducton day which was the case. Called for a test of minor S in the first 15-30 minutes or the zone was canceled. This did not occur and the other scenario of a DT occuring in R1 was the case. On the third test of R1 it ran the stops and then finally reversed. All in all a good day as far as the projected price action, but not many trades. Once again, the er2 providing many oppurtunities....
Still in a 2 and half month consolidation, break out is coming. It should definately be a sustained breakout that will last for weeks.
Here is the updated chart with todays price action.

 

[porge]

thanks a million for a great day..

 

[porge]

should definitely ? too much of that and you go stand in the corner........

 

[volente_00]

Quote from my2cents:

1432.50 - 1423.25 = 9.25 pts

Rule of 10? Ahhhh......close enough for government work.

I'm done.

What about from the reaction low at 1422 to 1432.5 today ?


http://quotes.ino.com/chart/?s=CME_ES.H07.E&v=i

 

[bighog]

NO cigar !!!

That low was from Fridays session. You are correct though. ..

My day as a daytrader is from 0930 eastern standard time to 1600.est.

got 6 today, 4 trades, not bad considering. no losses

all from the +6,

A key reversal off the top at the 1200 bar cst, clearly was a short signal at 1429.75 but was not awake. Key reversals and a break below support is valid signal in range days. pays to be focused...