Author Archives: TraderHank

2015 hit

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  Finally my 2015 area of mS was hit this morning and I was able to back ratio my 209/210 call credit spread by 1 contract.  So I took a small profit on my short leg and my position is … Continue reading

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Sideways

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Not much to say or do right now with the price action in the ES.  We have gone sideways for the last 4 days playing ping pong from 2028.50-2044.77 areas.  I’m still looking for a pull back to mS (minor … Continue reading

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5th day up will the bar close green?

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  Our hourly price chart is still sideways with pricing moving from the 2043 price area back down to 2030.  It has been ping pong since last Thursday but this morning price is hanging out at the lows and may … Continue reading

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Waiting…

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  Currently the ES price action is sideways on the hourly chart but I’m really waiting for price to come back down and hit the 2015 area so I can back ratio my 209/210 call credit spread, exp. May 20th, … Continue reading

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Blue Sky

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  We are set to close the week up again, 5 weeks of buying and currently we are trading at the 2036 range and I’m out of targets on the hourly chart.  My nearest ES target is from the Daily … Continue reading

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It’s so Pristine…

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  In this business you have to really trust your method and at times you are going to doubt your method and that is normal.  Lucky that I’m in complete bliss with the Pristine method.  Here is the chart of … Continue reading

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Wide Ranges

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  After yesterday’s breakout to a high of 2010.50 price fell back below the key 1994 area of mS and continued lower taking out MS at 1977 and finally finding a support area at 1966.82.  Price since has rallied all … Continue reading

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Early morning breakout

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  Just as the ECB announced lowering their rate by 1/2% the ES spiked upward breaking out of it’s Major Resistance area of 1994.  Now the 1994 should be the line in the sand if we are going higher. ES … Continue reading

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Breakdown

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  Price broke down yesterday through the 1984 level and has found support at the 1977 level which it has tested twice before moving up again to retest the 1994 area.  So now we are ping pong sideways between 1994 … Continue reading

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Inside days

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  Not much has happened as far as the ES price action since Sunday evening except to say that we are definitely in a sideways pattern on the 60 minute chart.  MR is at the 2007.66 area and MS is … Continue reading

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