End of day review 4-19-11 Tuesday

On a side note I'm gonna make the EOD post more about how the day met my expectation and the trades that i should have or i did take as opposed to what the day did. I keep a hand written journal now for my market reads and expectations for the day. I will keep doing the Pre market analysis as this sets up my morning so i am prepared for the open. So for me today was pretty boring. I'm trying to look back and see where i messed up and where i should or could have traded. I took a short this morning that hit my target of 2 points but i didn't fill so that sucked. See the 3 min trades chart for the rest of the trades. As for my expectation on the day compared to my morning analysis i came in neutral to bearish and was expecting sellers at the 1304-1306 area which we got so nice call there. then we rotated down to support where i was expecting buyers to be active due to the balanced day unfolding. We ended up testing the 1309 level at the close and this was a possibility as well. 

End of day review 4-8-11 Friday

ES opened above value this morning and as expected responsive sellers were active at the top of the range. The expectation was for ES to trade back into the range and test the vpoc at 1329 from yesterday and the cvpoc at 1327.50. Es traded down and tested both VPOCs. There were a few opps to join the move (see trades chart). ES bounced off of the 1327-1329 level and traded up to VWAP at 1330.75 and traded lower back to retest the 1327.50 mcvpoc area. We consolidated for a while and eventually broke down on our way to test the 1325.00 and 1322.00 vpoc areas on the composite. We continued lower testing the 1319.50 level and the low volume area of the gap from a few weeks ago. ES bounced back up trading into the 1325 hvn and 38% retrace level. Over all we stayed in the range from the past week and a half and didnt really make any progress. There are signs of sellers getting active up here so we may see a break out soon, maybe even next week. As of me i was sick most of the week and felt i could have done better but not thinking to hard into it because of being sick. 

End of day review 4-4-11 Monday

I got to work a little late this morning and didn't get a chance to get my analysis done before the open. so i spent a little time setting up and laid out a quick plan for the day's action. I was looking for sellers at the 1332-1334 area and was looking for buyers to be active at support area 1324-1326 and both of these levels capped the movements of the day. I had a balanced scenario in mind due to no catalyst out for the day and the FOMC minutes out tomorrow @ 2 PM. I was able to catch 1 long off the lows at 1325.25 for 2 points and that was about it. So tomorrow is another day and i will be back on track in the AM. 

End of day review 3-14-11 Monday

ES opened above Fridays value then found resistance around the 1292-1294 area. We traded lower down to support at 1281-1282.50 and bounced from there. i was expecting ES to trade higher today but we traded below the 87-88 level and confirmed sellers are in control. This left the door open for a move lower. We found support at 1281-1282.50 area and the market chopped along that level for a little bit. We traded back up into the bigger range forming value all around the level. So i looks like we have a range extension. Im still expecting the market to trade higher this week but i will be cautious of a move downward. Im expecting globex to trade above 1287 and no higher than 1298

1st trade: I was short at 1285.50 and ended up scratching. The reason for the short was we moved lower below key 87-88 level and stayed there for some time. As soon as ES moved back up in to resistance i was waiting there to sell. I scratched because we were chopping around for sometime at support and had strong buying back up into resistance. The trade was good for 2 points but i wanted to keep risk tight so after a point in front i went to break even.

2nd Trade: I took this short after i took the 1st trade. I don't know why i took it because on the first trade i scratched for a good reason and i went and tried to short again at the same level. My mistake.

3rd trade: This trade i took because i was looking for longs and we pulled back to trend line and level support. The reason was because we traded back above the key support level so i was looking for longs.

End of day review 3-4-11 Friday

It was a rough week my PNL was up and down a few times. I was busy with work so missed a few good trades today. I managed to end the week down only 100 or so. I learned a few things this week and i want to do a few post about them. But i have to run right now the beach is waiting for me. I will update later.