ES Journal Archive (2011)

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Some levels from last week

Week open = 1325,75
Week high = 1330,25
Week low = 1298,25
Week pivot = 1315
Week 50% = 1314,25
Week close cash = 1316,25
Week close futures = 1318,75

50% range expansion upwards = 1346,25
100 % range expansion upwards = 1362,25

50% range expansion downwards = 1282,25
100% range expansion downwards = 1266,25

Credit goes to Lawrence Chan for his STOPD levels and work on range expansion.

Friday`s high = 1319,25
Friday`s low = 1309,50
Friday`s pivot = 1315
Friday`s 50% = 1314,5
Friday cash close = 1316,25
Friday futures settlement = 1318,75

Notice that Friday`s PP and 50% is the same as the weekly values.

Beyond that, 1305,1310, and 1308 were important levels last week.

Highs and lows for the other respective days should also be remembered.

R10 projections should also be remembered.

Off for a long brisk walk on the Norwegian country side now. Back to kick ass by the open :cool:

Good luck fellas!
 
Well, that was officially the quickest trade I've ever taken. Any reason for that meltdown? Was it news related? I saw the TL break and had to chase it almost a point to get in.
 
Quote from Laissez Faire:

Long @ 1297,50. Stop @ 1295,25. Target: Higher than 1297,50.

Will consider reversing if my stop is hit.

Out @ 1299. +1,5.

Choppy action. Will re-enter after I get better confirmation. Possibly wait for the opening range to complete.
 
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