dang whats going on with the futures?

Discussion in 'Trading' started by jedwards, May 24, 2010.

  1. NoDoji

    NoDoji

    Yes it was! And with my stop at b/e I slept quite well!

    :p
     
    #31     May 25, 2010
  2. your day is done before the market opened?:eek:
     
    #32     May 25, 2010
  3. NoDoji

    NoDoji

    With $460 in the bank, I'm considering it :D
     
    #33     May 25, 2010
  4. promagma

    promagma

    Bring on the doom!

    MohdSalleh how you liking this volatility :)
     
    #34     May 25, 2010
  5. was the 1046.75 target a keltner band or something?
     
    #35     May 25, 2010
  6. Cramer and Kassz007 went long at the close.
     
    #36     May 25, 2010
  7. lescor

    lescor

    Nope. This is not the same setup as the big gap down last week. I was much more nervous about this one and don't trust it. Played a lot more conservatively.
     
    #37     May 25, 2010
  8. NoDoji

    NoDoji

    I had an extremely powerful and complex technical reason for targeting that level. Back in early Feb's strong pullback, I was watching ES sell off hard and it found amazing support in the 1040's. I couldn't remember exactly if it was 1046 or 1042, so I placed my target a few ticks above 1046 figuring that would be a decent enough profit.

    To put it in plain English, it was a support level based on the "I guess I'm getting old because my awesome memory is failing me and I can't figure out how to get an accurate long-term daily chart of ES up on QuoteTracker" strategy :p
     
    #38     May 25, 2010
  9. According to TOS data, low of the feb5 daily bar was 1040.75, just a few points from todays low.
     
    #39     May 25, 2010