18/03/10



Entered short postilion right the session have started. Reasons were: 1) bearish divergence on minute and 5 minutes ES chart w/ lower high back to latest overnight high; 2) Materials sector (the strongest at that moment) w/ Nasdaq Composite futures sliding sharply and finally 3) $add was at the level of -200 while $spx was at zero. Fixed as ES twice failed to push mkt lower w/ no $tick below even -400.

Opened long trade hour and a half before the closing bell on: 1) Russell 2000 futures posting higher high, plus 2) internals were in favor w/ 5 $ticks above +800 and only 2 below -800. Market indeed pushed higher. I was already willing to exit the trade but technical error have happened. There was trouble w/ broker connection. As ES again dipped below VWAP connection again have appeared. But soon was out of the position as: 1) ES seemed one more time fail to strongly break above VWAP and was going to slide because 2) $add unlike ES did post lower low. But again unfortunately, as I have exited, market stated to recover.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial