Gentle Trader

Archive for February, 2010

Nice feature added in ThinkOrSwim platform. Although I don’t use TOS anymore for trading futures (using Infinity right now), I still use it’s software from time to time.

Sell off scenario cited early about to be confirmed: gap down after an inside day. Immediate support around 1097.

Observed 2 short setups during last session.

Short inventory created since 1140′s are still opened, so medium term trend, in MY OPINION, is still down. This could reverse this week if this inventory is cleaned out.

One of the amazing features of Market Delta software is the footprint indicator. Right at the FED announcement, we could see the HUGE sell orders coming into the market.

After receiving my new DELL 2210H monitors, I just rebuilt my layout.

Big support at 1093.75 tested during overnight session. Keep an eye on it. Resistance at 1104 and 1105. If 1093.75 doesn’t hold, look at 1091 (LVN) and 1087.50 (HVN).

Strong trend day showed by Gutmann’s time pivot levels being taken early in the session.

NEVER FADE TREND DAYS LIKE THIS ONE, unless you are scalping.

You better buy dips in days like this. It’s hard for some day traders (including me) not to fade big moves like this, but it’s extremely healthy for your account.

Expecting ES to reject the low volume region highlightened on the chart. Resistance at 100.75, 102.75 and 104.50. Immediate support at 1093.75.

2 weeks volume profile: