ES Journal Archive (2009 - 2010)

[startraitor]

gap fill then overnight lows.

 

[Eko_Trader]

Quote from wave:

hi king thanks.

eko, that 40.25 may have been the long.

They're bringing lower. I'm a buyer around the 35 level

 

[ammo]

euro rejected at mar 09 lows,bulls need to bring in the tanks if we're gonna rally

 

[ammo]

http://www.youtube.com/watch?v=QtJrOz-urWA&feature=related

 

[wave]

Quote from Eko_Trader:

They're bringing lower. I'm a buyer around the 35 level

I think you got it. Good call.

 

[austinp]

In response to earlier questions, I don't post in here until after I'm done trading for the day. Too busy managing real-money trades and working with the CM Team.

Now that I am done intraday trading ES for today, will post up some (hopefully) helpful pointers in a little bit.

 

[Pholeuon]

Like I see we have problem crawl above any important MA.
This can be fake demonstrated weakness but otherwise we simple are heading down - may be retest the downspike.
Right now we are trapped tightly between 2 important MAs so we need break up or down. I am sitting on hand and will try visit the winning party.

 

[austinp]

First of all, the ES opened the real session pretty much in the middle of two (2) gaps below and the upper gap near 1156+

So it had magnetic pull from both directions. One or the other should prevail, odds of probability are greater than not one gap if not several will close today. Least possible stat is sideways chop that goes nowhere all day. Possible, but not probable.

#1: ES staged a high-swing CM control bar setup. Dropped a bit lower, lifted back up to reject at CM-CtrlBar mark, found sellers as it usually (not always, but usually) does.

#2: staged itself at the morning low = yesterday high zone of reaction, then broke lower

Very high odds of probability that today's gap will then fill. It did. Short the intraday signals at or below 1145, hold for the gap, exit according to intraday trading business plan... which was planned out well ahead of time.

Done for the day. See what tomorrow brings

 

[Pekelo]

Quote from austinp:

Very high odds of probability that today's gap will then fill. It did.

Then how come there was not a short trade in your blog from 1144-45 holding it down to 1135???

 

[austinp]

Quote from Pekelo:

Then how come there was not a short trade in your blog from 1144-45 holding it down to 1135???

I got bumped out on trails as it popped around. Maybe those results are substandard to yours today, but it met my intraday daily objective. That's all that matters to me