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Problem with fibs is just like with trendlines -- both can be useful, but so many points to draw from. After I read what you wrote, my instinct on the chart was to draw from the twice-rejected 1200 area, it was a decent swing point. From there, it turns out 1180 is the 61%. Several places...

A short here at 80 is very tempting, as is possibly one at 84. http://screencast.com/t/taaD5G3Zp6eQ

cancelled this, forgot to post it-- no trades today yet

order cancelled obviously will sell 69.50 stop 71.50

I will buy 63.50, stop 61.50, target 71

This is a case where my entry at 64 was not a very good one, in fact my gut told me to exit when it started to curve back down a minute or two after entry. However, a logical stop below the LOD (would have been 60.50 or 60.75) would have made this a 3.25 pt stop, with a 5 pt target, which would...

As I relax on the holiday today, thought I would check in. Hope anyone else celebrating this T-day also had a good one. So, as I said I am not a trader of the Wyckoff method. But I read some of his writings, and came to appreciate the simplicity of much of his basic beliefs. He has three...

Like some of you guys call BS on all this up stuff, I call complete BS on this last move down ... really, the day before a holiday, a big dump with 5 minutes to go? BS... wish I had gotten some, but it's not "normal" and hard to trade IMO.

LF you've mentioned 6875 a few times -- why that number? edit: nevermind, I guess you mean the last swing high at 6850

Thanks all of those who tried to edumacate me. I will have to read those again later to understand it.

can those of you who know what you're talking about translate the eurobonds news for me? good or bad for ES? :) good I guess but don't know that stuff at all

out 61.25 for +1.75

short 63 stop 64 EDIT: 64.25 stop

out 62 for -2

filled, stop 62, target 69

buy limit 64

does not feel like a bottom yet

Thanks I'll take it on the road! :) What would we be then B, "long winded"? :D

Looks like you should get something from this. A second attempt, with not much effort, some shorts should get interested, I would expect. But if it breaks up, beware of support turned resistance around 10am right at 1170

You're welcome my friend -- it may be useless info to some, others may find it useful, but it's basically what I look for. I studied the principles of Wyckoff (minus all the smart money acc/dist cycles etc.) and after just watching the market for a while, this is what resonated with me. You do...