| ESU9 For 07/30/2009  |
|
| Symbol | R1 | R2 | Pivot | S1 | S2 | |
| ESU9 | 979.33 | 983.67 | 971.67 | 967.33 | 959.67 | |
The Fractal Futures Trader
Learn to Make $500-1000 a Day Trading the E-mini Contracts
Posts tagged ‘pivot’
ES Emini Trading Question
the price action had been hovering around the SMA for quite some time. I like the trade.I suggest not taking countertrend trades when the price action is significantly below the SMA. Especially if the SMA is showing a clear trend, which isn’t the case today.
Todays Pivots
July 30, 2009
Todays Emini Chart
I traded 2 contracts all day, which is ten dollars for every point on the Dow, and the market stayed fairly active. Notice where the Pivot is today, and how the market swings up to and around the pivot. The pivot was a very important line in today’s trading.
Pivot Point for ES contract: July 23, 2009
Stocks run into resistance (supply) because those traders that bought too late and saw the price go down now want to get out at break even so they sell. Stocks find support (demand) because those traders that missed the move up now have a second chance to get in so they buy.
-
Free Access
To Our Live Trading Room!LIVE TRADING
DOESN'T LIE!We trade live everyday from 8am-11am CST. Join us for
2 FULL DAYS
of live trading signals
with our members.
-
DecisionBar Trading Software has revolutionized the way people trade the stock and futures markets. The DecisionBar indicators now run on four superior software platforms. If you trade stocks, futures or commodities, eSignal, MultiCharts or TradeStation is the platform for you. Get started right now, at DecisionBar Trading Software.
Set an appt. or ask a question
