Wednesday, July 2, 2008

Wednesdays ES setup


Intraday trading plan

First test 1.294-95 is Sell Short Daytrade, test 1.302-1304 area is Sell Short Daytrade, test 1.310+- is Sell Short Daytrade, trading above 1.321 is SELL SHORT SWING .

First test 1.282 +- is Buy Scalp, test 1.277-78 area is Buy Daytrade, test 1.268-69 area is Buy Daytrade, test 1.261-63 area is Buy Daytrade.


From 1.297 to 1.261 we buying Long position in SPY, SSO, ITM options ( scaling - Position trading ) - average price is 1.280+-, Target for Swing Long position is now above 1.310 p.