S/R Emini Journal

[4re]

OK, here are my numbers for tomorrow.

Long 1308.25 - 1311.25 I have to keep it up there

Short 1291.00 - 1287.25 I wonder why???

Good luck everyone,

Gary

 

[Thom64]

Quote from 4re:

Before I do my charting for tomorrows S/R numbers. I want to show you guys this Q's chart. It is getting interesting. Looks like it should pop up out of this flag but it sure is taking its time. I am going to look at the S&P chart and see how it compares.

Greetings Gary,

Looking at that chart,2 gaps look like a target to get filled.The last gap up got filled and sold off promptly.IMO I see downside very possible.

On a side note,Ive traded using range charts all week as suggested by Krishiyer,its been very helpful in my setups.Caught some nice down moves on the YM and QM.can anyone suggest a good range for the ES setting?

cordially Tom

 

[krishiyer]

Quote from Thom64:

Greetings Gary,

Looking at that chart,2 gaps look like a target to get filled.The last gap up got filled and sold off promptly.IMO I see downside very possible.

On a side note,Ive traded using range charts all week as suggested by Krishiyer,its been very helpful in my setups.Caught some nice down moves on the YM and QM.can anyone suggest a good range for the ES setting?

cordially Tom

Thom
glad you found range charts useful in YM.what range are you using 10/12 (usual stop loss noise)
posting a es chart .play with range keeping a 2 day range till colour & shape is not too big/small so that you can catch a bigger move.

 

[4re]

In case some of you guys are up and looking at your charts. Between 8:30 and 10:30 ET there are several market moving news items coming out. Get ready cause it could be a fun ride. I won't be back in time for the first one. Gotta take my son to school. But I will be back shorty.

 

[volente_00]

Quote from Thom64:

Looking at that chart,2 gaps look like a target to get filled.The last gap up got filled and sold off promptly.IMO I see downside very possible.

I agree with you.

 

[volente_00]

http://www.youtube.com/watch?v=_QzxC4U6joQ

 

[MiniDowTrader]

Quote from volente_00:

http://www.youtube.com/watch?v=_QzxC4U6joQ

Now that's some funny stuff!

...and a catchy tune to boot!

MDT

 

[volente_00]

shorted at 1299.50
2 point stop for JJ



Where is the 10:30 crew ?

 

[MiniDowTrader]

Quote from volente_00:

shorted at 1299.50
2 point stop for JJ



Where is the 10:30 crew ?

It's a T-day V...whadda thinkin?...a drop to 1291 then a rally to 1304?

MDT

 

[volente_00]

T day rally started at 3 this morningwhile you were sleeping ! my guess on range for today is 1301 to 1293.