Author Archives: Trade Advantage

could be that after opening down we may see a small rally to just above the 80 area….which has dominated the es this week

both 1300 and 1340 are constructive for a B sig for eod and or holding this am’s for higher finish (2177)…..if still in…..there is a poss we could see 85-90 by eod or wkend….not in but worth noting

ok 2184.25…on last……..slow day and long…but 2-3-3….so 8 es pts on one trade…..tom is friday…and sometimes more volatility……

gnight

getting close to close so 2184.25 on 2nd…..

we have till 1615….actually 1700..depending which broker your with…..then will need 4600 for each contact held( thts what it is at my broker)……prob most are trading on around 500 -1000 day rate margins…and don’t want to hold o/n anyway

absolutely no penetration of that high this am….maybe in the last 5 min or just after the close with some bs earnings….it’s a long day when there isn’t much to do…..

still good chance to rally…its a common practice of the insiders to rally late in the day or o/n to keep traders and investors out till prices are higher

double top blues…..a familiar tune….still has a chance to rally at last bit here…just no movement …..CL up good today….but if you look it was basically in an up trend all day…..very small pbs..so that would have been tough

hard to say where this rally will go….but 85-90 is poss…notice the double top….so pb first then hopefully up through 85

if b 2181.25….should be ok …but if get the first 2 then be…and look for a rally

there is a chance of late day rally….but would think from a little lower….1430 is ok….with the vol and finish ….will keep an eye on it…2180 was a magnet today……I wasn’t here..but 1235 was a b….nothing great on the vol..but the cci and the finish is there…….prob be tom and fight another day

ad to run out a bit….that 1055 sell sig 2183 area would have worked out if done and held…..but still tight ….o/a

just a few observations and words here…..I had said the 1055 bar almost guarantees a Pb…and I had mentioned a poss sell near the open..but have not traded yet today. I generally try to look for setups…in trading..that have the potential and higher probability to attain something like a 2-5-be and see( and where one can allow for more risk which leads to higher profit)…this prevents over trading and helps with patience and discipline…all daytrading is gambling and risky to an extent…if one is scalping at every so called signal and over trading it will almost certainly lead to frustration and loss for the vast majority of traders….IMO – I would rather do 4 trades and make 30 ES points than 40 trades( which is not that unusual for trading sites and daytraders)…and have huge brokerage cost and the inevitable confusion, frustration and most likely…financial ruin that it will entail. Invest and trade in the same way. In the lowest possible risk that we can and only when we feel we are on the side of the exchange insiders.

and this could just trend up slowly in a grinding way….until later..then pb etc

Mon and thurs..so far…narrow tough days to trade…as least as I see it……but Teus and Wed pretty good days….about 30 ES pts….based on about four -3 contract trades….( that 3 reductions…obv people with larger accts should be doing quite well)

in purely a chart tech way….a rising wedge after the open developed and the snapback bar at 1025 with ok vol would have been a B sig around 81…..just saying this for illustrative purposes….I’m not in the trade and its in hindsight of course…the tech indicators like that can work for brkouts…esp if enough other signs..vol..cci…snapbacks etc…it’s a case where a brkout …although usually small can occur…the 1055 bar almost guarantees some type of pb….but prob small…will see at lon close etc

pretty dismal mkt trading wise so far….Bullard still speaking…and and the San Francisco Fed head…Williams is speaking at 4…..osd of that poss little sell near the open havnt seen much of anything….yet:)

staying around 80 for sure….very narrow….just too hard to tell here …..a move up poss dev…pb would be 74-76 area….just have to wait

cl heading towards 50..thats quite a move since the recent low….this es is hovering here awaiting this 10 stuff

and if you survive be and they pb with 10 1005 into lon then it would be a decent move