WeTheTrader is a resource for traders to share ideas about investing and trading the markets with Focus on the (ES) E-Mini S&P 500 Futures.
Friday, April 16, 2010
ES Retouches 1200
Market looking weak this morning but a nice potential long play formed when the ES retested 1200. A nice bottoming tail formed on high volume so we could be seeing the low for the day. If this tail holds up, we could see an upward price target back towards yesterday's highs...
Any comments or statements found on this site (http://wethetrader.blogspot.com) are the opinions of WeTheTrader, they are not intended as recommendations or suggestions.
Active trading (or Day Trading) is not a game, it has a very high level of risk. It is possible to lose all of the funds that you invest in your trades. It is not recommended for inexperienced traders or for persons who do not have sufficient resources and time to devote to their trading activities. Active trading is a serious commitment that should not be undertaken unless you are able to handle high risk and high stress well, and are willing to consistently adhere to objective and disciplined trading strategies and approaches.
Assumption of Trading Risk; You agree that WeTheTrader shall not be liable for, and you fully and knowingly assume all risks of, and shall indemnify and hold WeTheTrader or anyone affiliated with WeTheTrader harmless from and against, any and all claims (including claims by or through you) or loss(es) or other negative results, actual or perceived, caused by using any information on this site as a basis to engage in trading of any kind. To the fullest extent permitted by Applicable Laws, you fully assume all risks related to each and every one of the previously stated items.
No comments:
Post a Comment