S/R Emini Journal

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Quote from JimmyJam:

I have:
Support @ 1266.80
Resisitance @ 1277.37
based on the new contract specs.

If resistance is breached from below it is going to become support (most likely result, based on the overnight bullish engulfing candlesticks).

If on the other hand, it turns the market back we will continue to go down from here (not my opinion).

Best,
Jimmy
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My first short, if it comes up will be 1260. We are pecking around the 1264 mark right now which was my first short but I want to see the open to be sure.

GL to you,
4re
 
my levels for the emini-russell...

I will be taking these if the momentum looks good before the breakout......

long above 728.50
short below 702.00
 

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BTW,
ES M6 is getting more volume than ES U6 right now. Since they are tracking the same I will be switching to new contract today.

Fundemantal Tid Bit:
Usually when our American Forces catch/kill a big target the market tends to rally. So if we go up today thank Al-Zarqawi.

4re
 
Quote from 4re:

BTW,
ES M6 is getting more volume than ES U6 right now. Since they are tracking the same I will be switching to new contract today.

Fundemantal Tid Bit:
Usually when our American Forces catch/kill a big target the market tends to rally. So if we go up today thank Al-Zarqawi.

4re
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... and the fact that the Bears are sitt'in on A LOT of profit!:) :(
 
Quote from 4re:
Yep, I took the 68.50 long and lost 2 points on it.
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Didn´t see your post so I took 1267.5 long - got 5 ticks otherwise ...:confused:

Sorry for you 4re -

Best Helmut
 
This may or may not be of interest, but these little Ss and Rs at or near the open can offer good opportunities for scalping. In this case, the long in the ES would be 65.75 +/-.

The same pattern showed in the NQ. A similar pattern showed yesterday in both, though those also incorporated the PDC.
 

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Quote from 4re:

Yep, I took the 68.50 long and lost 2 points on it.
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ouch....don't sweat it...you'll make it up in no time......

how's your YM testing coming?
 
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