- Another eventful day, huge gap down caused by some Greece news. Fall didn't make sence , since Eur/usd and gold were up. Greece issues would hammer the Eur/usd or a dollar strength, but that was not the case. Things didn't add up, so i was looking for a gap fill to the up side; any reason to buy.
- And i found that reason, S2 seemed to hold with a lower high morning, so i bought the break supported by the 512 tick chart ema alignment. I was Targeting S1 at least.
- Another perfect play..

Tally:
+8pts ($400/contract)

- Today i employed a 512 tick chart to complement my 10 min chart. Just another assortment of ammo in my collection.
-Played out quite nice with the morning decline after a crappy consumer confidence. With the decline noticed the ema alignment 10>20>50.. The tick chart dowulble bottomed and a nice litle dogi on the 10 min appeared. So i took the signal with prices above the 20 ema on the tick chart to support the move.
- Prices prety much zoomed from here. That was it for the day.. A nice 7pt before i could finish my morning coffee.

Tally:
+7pts or $350/ contract

- Today's target area after the break of the down trend friday was the gap from a week ago.
- The morning alignment of the emas was encouraging as R2 got taken out. Of-course with a tight stop at morning lows and /or below the 200 ema.
- The trade played out all day ,as they gravitated to the gap and sellers' failed attempts to stop the match on.
- Took my profits EOD. We've got a gap not filled below today's low and a 200 ema on the 1 hr.
A gap fill might be more bullish with a neckline at current levels on the head and shoulders formation on the 1 hr.


Tally:
+10 es points ( $500 /contract)

Es and EUR swing trades

- Couple of trade ideas for swing trade. I'm holding a short on the EUR , just because the moves are grand when they do and the downtrend is so intense that a move is likely to those targets..
- Notice the similarity in the back test of the falling wedge, thus lower highs and lower lows.
- Good luck.

- Fridays are quite tough to trade, but an opportunity came i couldn't pass.
- The sell off was too intense that a let up was met by intense buying and short covering with a stratospheric VIX.
- patience was the mantra for me, since Fridays can be quite choppy. Volume came in on the high side with a break of the down trend and S1, just check out the cluster of tick max dots on the 3 min chart..

Tally:
+10 es points ($500/contract)

notes:
- Looks like a continuation is likely to the down channel on the daily, about 1085 or so. Looks like we just witnessed a washout,leaving a bullish doji candle stick.
- Monday, i'll be looking for a slight gap down to buy, if today's lows hold. Let see how this turns out..

- Haven't traded since the breakdown of the rising wedge just because it fell so far so fast, and confused as to what kind of markets are trading bull or bear.
- Anyway today was a fantastic day with great set ups,which i did play multiple contracts to maximize a beautiful setup on the 5 min and a bullish wedge break on the daily.
- The EMAs were all in alignment 10>20>50 ,VWAP held(blue dotted lone), an up-trending MACD and oversold state in the daily.

conclusion:
- Day-trade buy @ 1087 stops lows of the day, target R1 and then R2
- All target hit for a nice handsome gain for the day.

Tally:
+10 ES points ( $500/ contract)

notes:
- I'm actually looking for a lower high set up on the daily for a swing trade to the downside going forward given the markets retraced far enough to warrant a possible lower low or a lower high. Interesting to see what tomorrow brings since we stalled right at spx 1100..
If this hold 1120 is possible.