so two trades today….first was early and came off….2-be-(-1) for 1 total…second was better at 44.50…..2-5-17.50 on that one…for a total of 24.5…so on to three contact trades a total of 25.5 ES pts
so for today there was one trade…….one 3-contract trade for 11 ES points total
Weekly Approach –
26 September
Last week was was relatively calm in a narrow range before the Fed announcement on Wednesday. The rally was fast after the Fed through the 2150 level, catching traders off guard as they entered the market on the buy side Thursday AM. It is now apparent that a trap was set for them as the market never got over 2173, and is now pulling back under 2150. The price action under 2150 should reveal signs for a poss rally to the 2180 area. If this is the beginning of a larger PB as the longer term charts have somewhat indicated, then the rallies will be shallow and the PA should reveal that as the week progresses.
for the week…we had a total of 5 three contract trades for a total of 58 ES points. see you next week.
so that’s it for this week…..although their were a few trades mentioned and in the posts and did ok…they wont be added in to the totals..for this week…..
No trades today. Dull morning session and had to leave around 12:30 for a meeting. Back at it tomorrow…..
Mentioned the possible 71-72 sell with stiffer resistance 74 above – and then the 64-66 area for a probable Buy – After the FED sunup it was the narrowest range since the summer. Relatively weak PA signals and no executions made.
Would have sold the 74 but didn’t see the level so sat on hands the am session.
ended up withe two….one the under 40 at 39…wahich was late and that did 2-5-be….and then after mentioningthe 35-36 as best B area did 38 ..which was little late too….that did 2-4-18—so two 3 contract trades for a total of 31 ES points
so for today only one posted trade…..ended with 8 pts on one 3 -contract trade…..was 2-3 on the first two..and the the 39 was posted as the conserv exit….so some may have done a little better so far for this week ,….three trades 27 ES pts
agr b here 2135
aggressive buy here 2135.00