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firewalker

Live Indices Trades

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Interesting action on ES yesterday. Afternoon rally was quite interesting.

 

I am still cautious on the long side for ES... take a look at Nikkei profile.

 

attachment.php?attachmentid=7280&stc=1&d=1215593070

 

July 8th showed long liquidation... "b" profile after higher value placement from July 4th. Overlapping value prior to the 4th is confirming longs caught on the wrong side... hence the down trend and liquidation on the 8th.

 

However, US markets rallied yesterday. Today (9th) the Nikkei gapped up, spent the entire morning rangebound then dropped. The "P" profile shows this as a potential short covering day with a close near the low of the range. Yesterday could be a bull trap on the ES. See chart below.

 

attachment.php?attachmentid=7281&stc=1&d=1215593263

 

Afternoon rally looked good but value is still enclosed within the previous day and not higher. What the DAX and FTSE do may be key today for the ES. (DAX is rangebound but sensing some selling pressure at the moment). Crude is slighly up as well.

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Think so foale, added another short at 5520 (aug)

 

 

Tough one this... or is it... 5540 3 times a charm

All depends on whether 11400 a ceiling or not...

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Think I might take a short at about 410 in the next half hour or so. Tight stop, though!

 

I gave up lookuing in the end

well held the shorters...

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Enough all this doom and gloom

well for a bit

 

If we can push back up to 11400 today... 11600 on the cards...

one of my Long term Dow indicators turned positive yesterday

Its been negative since 12700 !! now that would have been a trade...

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11600 today? Hope you're wrong because I'm short again from 336.

 

Today nah... just saying that break of 11400 woudl imo open up 11600 as a target.... later this week...

 

I have a small long from 11306 ( sorry over the 1 minute)

 

Added a long Dax at 6339

Edited by Foale

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sods law that is!

 

Yeah, almost closed the next one too early as well, but somehow managed to hold on and actually make more points than expected. Slippage sometimes works in your favour, although the Dow has now continued south, of course!

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Yeah, almost closed the next one too early as well, but somehow managed to hold on and actually make more points than expected. Slippage sometimes works in your favour, although the Dow has now continued south, of course!

 

Yes, theres some swinging around at the moment isnt there. See oil is coming down still... $136 Aug delivery, should help a rally in indices......

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Yes, theres some swinging around at the moment isnt there. See oil is coming down still... $136 Aug delivery, should help a rally in indices......

 

Doesn't seem to be working at the moment, Buzz. Just wish I'd kept with my short from about 400...

 

PS. c200 close, maybe?

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