Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The ES is still moving up to the 1286 area to restest and possibly of a move to 1294. Bias up holding at 1271 and a possible retest area of 1279 before we move up or if we break 1279 area we should retest 1271.
The ES has been moving up and out of the 1250-1288 range. I had a meeting yesterday so I didn't prep for the morning. I had 2 trades on 6/28 that where ok but I could have exited better. Yesterday I had two afternoon trades. The first one was a quick exit and then I reenter after it confirmed direction by holding 1297.50.
The ES is moving up but very stretched. I'm watching for a reversal around 1310 and possible break of 1304.50(micro Bias) which should then move the ES down to 1292. A hold of 1304.50 and the ES could move up again. But watch for the 1310 area for a stall or hold.
Again we are still stretched to the up side. Bias up at 1312.50 area so I'm looking for a break or hold of micro bias. A hold and we retest the highs, a break and we start the correction of the leg up. Area's to watch for reversals if we start to correct. 1304 and 1292
Yester day I missed one trade opportunity and ended up with zero trades.
The ES is still stretched to the max and close to resistance at 1340 area. The key today is 1328 (micro Bias) a hold and up to 1240 a break and we start to corrected and move down to 1313 area or 1295.
Today's prep is pretty close to yesterdays. The key is 1328 a break and we move deeper and retest 1314 or 1292 before we leg out and retest highs. A hold and we retest 1342 and stay sideways. Watch for a higher low in range for a hint that 1328 could break.
To many entries and reenters I need to take the risk. I went break even a few times and got low ticked. I had direction pegged with good entries but no profits and only commissions.
ES 9 trades 1 mistake 4 losers and 4 winners +.25 and a lot of commissions
7/7/2011 Es held 1345 and moved up to retest 1353 area, one scratch and one Profit.
7/8/2011 ES moved into correction with the Jobs report. The first trade was early and stretched down, I need to wait for the test of micro bias before going short. My winner was a short at the hold down of micro bias.
ES stretched and moving lower. Key area are 1325.50 (micro bias down) a break of it and we should get a move back to 1329 area for a test of old support. If we hold this look for the ES to move to 1317 (full volatility) or 1312.
