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Previous Intraday Trading Session: [ 5/2/2013 ]

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TIMEALERTS 
15:53Scalpers, if you can get 1591 before the close, go for it.

 
15:40Sluggers and Scalpers:
Looks like we are going into after hours.
Hold this trade with a stop at 1595 and place a limit at 1585.

 
14:51Chart update. Waiting for a breakout below that bottom red line.

 
14:22Waiting and watching.

 
13:51Chart update.

 
13:40Perfect reversal candle at the high for the day.

 
13:39Trade #4 -- Sell 1593

 
13:00I was about to sell on the long wick candle at 12:00, but something does not feel right about the market today. It shouldn't be go up. So I will be extremely cautious the rest of the day.

 
12:11Just watching for now.

 
11:25I do not want to go long as there is a wave 5 forming here. We'll hav eto wait to see how things play out in the next 10 minutes.

 
11:23I do not see any reason for this rally to end before 1600.

 
11:11Trade #3 -- Stopped out 1588.50 [-1]

 
10:43Trade #3 -- Sell 1587.50 -- Stop 1588.50

 
10:22Still looking for a reversal.

 
10:11Trade #2 -- Stopped out 1586 [-2]

 
10:08ES has been moving sideways into the reversal area. This increases our chances of a move lower.

 
10:03That was close.

 
09:49Trade # 2 -- Sell 1584

 
09:18Reversal area -- 10:00 to 10:30

 
09:17Trade #1 -- Sluggers out at 1582 [+1]

 
09:16Sluggers should take profit at 1582

 
09:14Chart update. See how the tails bounced off the red lines. Don't know how high it will go, but it will go lower eventually.

 
09:12Long tails. It is going to go up.

 
09:10Sluggers should lower stops to 1583

 
09:07Trade #1 -- Scalpers out at 1581 [+2]

 
08:56In at 1583

 
08:55Trade #1 -- Sell 1583

 
08:53Chart update. If you don't bounce off the top red line, then we go short.

 
 
 
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