ES trade 11 May

+7.5pts

Stopped out wasn't sure if it were to go down further. It was showing signs of upside for the opening of RTH.

2nd chart is the downward channel so far.

ES trade 7 May

Took 4 pts today. 1 loss. Looking to take 1 more trade. A long at 905. 15 min projection 904.75.

My hardware setup

For those interested in my platform setup.

This is my trading hardware.


Center: Dell 2407 24" in Landscape
Left and Right: NEC MultiSync 2470WNX 24" in portrait

Since this is game with high stakes. Gaming hardware.
Keyboard: Logitech G15
Mouse: Logitech G9 Laser

Calling it a day

Looks like I am wrong and we are in the best Bear Market Rally of all time

ES Globex 05 may 2009.

Bought 898.25 but got a fill for 2 for 898.75. Projection was at 898.25.

Covered one off at 900.75. +2

Trailed the next one to exit at 904.00 +5.25

Sold 904.25 for a scalp. I don't know where is she headed, so covered at 903.25. +1

Now I bought 2 at 899.75. A little late as the 2 bar projection asked for 898.50. But an ABC to the upside was formed on the 610T.

I believe we are still in a downtrend until we hit 59-60 levels. The 15 min deadly outstanding projections is still 60.25 unless we take out 887. And the 261.8% extension of this down ABC is at 59. Usually it is either the 161.8% extension or the 261.8% extension is a stopping and turning point.

But then again, you can see another ABC on the upside formed.

The current 15 min deadly projections.