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Showing posts with label ES. Show all posts
Showing posts with label ES. Show all posts

Monday, August 31, 2009

Thursday, May 21, 2009

Swing vs Day trade

Swing trading has larger time window to prepare and make decisions. It can also allow multi-intruments to be monitored.

Day trading requires close monitoring of opportunities and there is opportunity cost of missing larger swing trades.

ES in action 20-21 May





Thursday, March 05, 2009

The Path of Least Resistance

Today, all the indices were lazy chaps. I said that because they all wanted to pursue the path of least resistance. Most of them were below the pivot lines (various VWAPs) before the open except INDU which was boxed inside mean lines.

There was some potential to see cycle up in futures but INDU cash called the shots.
INDU cycles shifted to DOWN/DOWN and all of them were forced top down.

Market Internals were bearish since the open and that really set the tone.