buy and go fishing ? e-mini VWAP trading

  Good morning,

the ES is bouncing from last month vwap close 1371 and i think it's heading for 1360. As stated many times on this blog in the last few days this is a very important level for me. As long as 1371 holds a resistance i'm bearish on a longer time scale. But keep in mind, i'm a daytrader, so beeing bearish won't keep me from buying around 1350 where strong support is lining up.

Here's my chart:

Posted by sputnik

  ES March 2008 future reached my target i posted pre-market

Posted by sputnik

  Good morning,

at the time of this writing all indices are trading above their monthly vwaps.So my fearless
foreast for today's ES is a retest of 1371. That said, it's usually very expensive for me when i have such
a strong bias, not matter if bullish or bearish. Here are my charts:



And an overview:

Posted by sputnik

  Good morning,
here are my ES S&R levels for today:

S1: 1332
S2: 1326
R1: 1344
R2: 1350

Good trading.

Posted by sputnik

  Good morning,

here's my pre-market ES chart:




S1: 1331.50
S2: 1315
R1: 1347
R2: 1355


1355 is the monthly vwap. The german DAX future visited the monthly vwap earlier this morning,
here's what happenend:



Good trading, and take care. Trading is not a science, no method is perfect. For free intraday real time
updates and market comments visit us in Echat

Posted by sputnik