Hey Traders,

end of the crazy week, will be away from charts for a while (yeah right) so just wanted to update on whats going on with this blog / site:

• April was first full month. First week in May reaching 350 visitors/day.. (hopefully soon there’s some visitor participation
• 164 Posts Made to Date
• Rolled out MARKET MINDS beta this week, one stop resource for posts by best blogger out there
• Besides posting daily analysis I would like to finish the Trading Strategies section to show exactly how I approach various set ups , and maybe you will take a thing or two away from it for your own system
• Started developing some new strategies for project “UNO CONTRACTO” (or something , lol) for traders with smaller accounts. Using $5k (account) featuring never holding more than 1 contract of any 1 security, trading Gold, Euro and ES futures; these strategies totaled $3.6K  just this week!!. It’s a rather high risk % strategy, but what else do you expect on such tiny account. Will have to polish up some rules to make it more mechanical and then present it on here, so stay tuned! (Won’t be any time soon probably since i’m struggling to get basic stuff of the blog out)
• Feel Free To Subscribe to mailing list on the right of the site
• Follow ESEC Futures on Twitter
• Check back on Sunday for weekly analysis of ES, Euro and Gold
• Whatever you do DONT MESS WITH TRADING GODS

That’s about what’s going on with the blog, going to continue posting analysis and develop parts of the site with more useful resources coming your way.

Have a great weekend!

Vlad

Trade of the weekend GTM09 (Gin Tonic contract)

p.s. feel free to post suggestion and comments about the blog and what you would like to see more or less of in the comment section or via the contact form

Besides various obvious misdeeds like breaking rules, dragging stops, chasing, overtrading and various other trader NO-NOs, there is a another one… DONT POST IN BIG GREEN FONT ON YOUR BLOG LIKE AN IDIOT AFTER A MONSTER DAY / WEEK

Here is a screenshot from today’s intraday analysis update:

You will never guess, who was short EC aka EURO FX Currency, with trade going my way with GTC (good till cancel) order at break even oh lets say 20 minutes later…. good set up, good entry, no loss trade… and then this happens!!!

(Click on Image to Enlarge)

FREAKING GLOBEX of all things on the planet goes out for exactly 45 minutes!! Not to mention that the trade went further in my favor during that stretch judging by EURUSD the spot cross of this futures contract. The stupid thing gaps up 50 pips and never looks back.

By the time I am done talking to TS support and CME exchange , got nothing more than finger pointing and “OOOOOPS”. By the time I got off the phone, had to covered for 80 pips loss, since my account rep is on vacation or something and TS nor CME did not have a solution for me.

This was clearly a GTC .. good till cancel order , not GTFO (good till f outage) order , regardless of weather or not I get my money back on this when my rep gets back, this is one good lesson on how not to mess with the trading Gods!! You can’t make this stuff up!

Cheers

Vlad

Update 3:15pm EST:
After getting new low $TICK of the day, started rolling over, with support at daily 50% line of 918.75. Below there daily lows.
p.s.
feel free to follow me on twitter as I often post stuff on there that i dont have time to post on blog and also trade :)

Update 2:51pm EST:

Euro and ES continue to have a monster day. Looking  for high $Tick clue at these levels on es.
Not worth jumping in front of this. 910.75 was THE play of the day, now a little too late to the party.

Update 2:15pm EST:
ES is rocking to new highs, aboveR1 and  829.5 rally highs/ gap fill nothing left till about 940 January highs and 200dma at 951. Last 2 hours on Friday, might just have to leave this market alone for the week. Be careful if you do choose to trade.

Update 1:45 pm EST:
if  recent high holds, watching 916.75 ambush on the way down for further direction
resistance levels from before still the same

Update 12:15 pm EST:
after ambush was broken ES is heading for the highs with R1 925 right above, with overall rally highs at 929.50.
p.s.
when you see me in the club tonight, dont forget to buy me a drink for that 910.70 call ;).. alright enough gloating

WTF?!?!? why are Globes FX Futures down … while i’m in a position… must be a sign to be done for the day

Update 11:15am EST:
916.75 is 50% line from the highs, that ambush zone is key level to watch for possible break out to the highs, 910.75 remains support on the downside.

WHY ARE YOU STILL HERE?!?!?!?

IN TODAYS INTRADAY UPDATES ALONE THERE ARE 200+ pips in BOUNCES ON THE EURO AND QUIET A FEW ES POINTS!!! GO ENJOY THIS NICE DAY ADDICTS

(I will still be posting updates, working on fighting greed and euphoria)

Update 10:26am EST:
After getting super slapped by 200dma ;) euro is plunging, support expected at 1.3427 50% fib from overnight lows.
ES testing that fib from previous update

Update 10:07am EST:
ambush from yesterdays low at 910.75 after new high

Update 9:51am EST:
Watching R1 and 929.5 rally highs.

Update 8:41 am EST:
If 922.5 holds 910.25 is key 50% retracement in pivot point area to watch for direction

Update 8:16 am EST:
Job Numbers at 830am, be careful

Euro continues to rally and is not too far from key level of top of the channel and 200 dma, that level will be key in determining further direction

Update 6:35 am EST:
Keeping an eye on the R1, yesterday traded above it pre market, and briefly at the open and never looked back after.

————————

Good Morning Traders,

Another false hope for the bears, as the futures are up 10 pts (6am est) in anticipation of the economic date later this morning

Euro penetrated top of ambush range suggesting further market bullishness, high probability stab at a long would be ambush from yesterdays lows.

Have to be careful trading around the open considering the news.

Euro is approaching 50% retracement from the nightly lows at 1.3385. Will be watching that level closely along with the channel from Daily Euro Currency update from earlier.

Good luck and good trading to all

Vlad

Hey Traders,

Crazy news driven day for the euro today. Euro is approaching key turning point that could determine longer term trend

Trend on the daily chart remains green and usggesting more upside as well as rising 50 ema. With declining 200 dma righ above.

Euro remains at the top of the bigger channel with 200dma today meeting with the top of the channel and is expected to act as key resistance, with break above likely indicating a start of new trend

It also looks like a potential inverse head and shoulders pattern setting up on the euro with target of yearly highs for the euro currency.

There is also a smaller channel without that bigger channel, otherwise known as weekly channel of ECB whipsaw:

Will be watching for clues at the boundaries of this channel along with 200dma.

Cheers

Vlad

Hey Traders.

quiet a news frenzy between 6 and 10 am this morning, with ES opening up just above R1 filling the January gap and not looking back for the rest of the day:

That is a big engulfing outside candle, but we have learned that candle patterns are rather meaningless during this run, so looking for technical level break down.

Just today SP500 finally backtested wedge support from the first part of this bear market rally, adding to the overhead gap fill, adding to the “ready to plunge case”, yes it is still too early to hold FAZ parties, as every pullback so far has been bought crushing the bears. Even retrace to 870s and the bottom of the channel still near 23.6% retracement of the rally wouldn’t be very bearish.

ES has found support right above weekly 50% retracement, not causing much damage as far as bullish case is concerned:

Right now ES traded right up to the ambush zone from the highs, will be watching break out out of the 896 - 914 range for further direction. With intermediate term support expected at 50% retracement from today’s low.

More market moving econ data in the morning tomorrow

Check back in the morning for intraday updates

Cheers

Vlad