From misc |
Wednesday, June 30, 2010
Tuesday, June 29, 2010
06/29 ES DT
From misc |
Today has some classic textbook setups.
1. Opening big gap down, naturally looking for the 06/09 gap filled at 1151. Today is large range day, so the scalp size is 2 points, instead of 1 point.
2. After sharp down, short at bar 6 LOW 1, for scalp.
3. Bar 9 LOW 2 and bull trap, for MM target.
4. Buy setup is at bar 14, but conservative traders can just wait for short setup.
5. short at EMA area at bar 21, tick forms ND in shorter time frame. ES didn't even touch EMA before going down for at least a scalp. It shows aggressive selling. But Market should have another leg up.
6. Shorts continue to short at EMA at bar 35 and 36, it tested low this time. But it's unlikely for market go straightdown at this point.
7. Bar 57 is EMA gap 1, bar 60 is EMA gap 2. Target is retest the low or forming the new low. Bar 60 is a gift. Stop is the bar high. Still the day is range day so far, at least scalp half position.
8. Bar 65 went down then up, traps both bears and bulls. Normally it means big move ahead.
9. Bar 68 is another excellent entry.
10. At this point, it's reasonable to expect market test 05/25 low and 02/05 low. It broke 02/05 low marginally, then bounce.
Saturday, June 26, 2010
Monday, June 21, 2010
Friday, June 18, 2010
Thursday, June 17, 2010
Wednesday, June 16, 2010
Tuesday, June 15, 2010
Friday, June 11, 2010
ES 06/11 day trade
From misc |
1. Open MM to the target.
2. H1 at bar 10 for scalp
3. now it's trend line broken for higher high, 2 legs down is expected.
4. short EMA at bar 25 for scalp
5. bar 27 and 28 are 5 ticks failure in 5 mins chart
6. second entry long at bar 28 is good
7. buy at EMA at bar 32 for scalp
8. short at bar 46 is high probability trade. 2 leg corrective upmove.
9. short at EMA at bar 55
10. bulls should be happy to see bar 59 and 60 took out low of bar 27, 28 and 37 then reversal. Buy at bar 60 for scalp.
11. buy at EMA at bar 66 for scalp
12. doji bar 69 2nd long entry, looks bad, but works good. Upside move broke high of bar 44 and 46 is expected. But eventually bulls made strong break move to make new high.
Thursday, June 10, 2010
Friday, June 4, 2010
Thursday, June 3, 2010
Wednesday, June 2, 2010
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