Feels nose-ish to me...
ES bounced off of 1477 50% fib retrace of opening move to morning low and leaning lower
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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Feels nose-ish to me...
ES bounced off of 1477 50% fib retrace of opening move to morning low and leaning lower
50 % retrace on the ym met from 8.28 low now lower low on es. long at 13295. Careful shorts.
Quote from jagmot:
Ok getting long here 1473.25 with stop at 1471 (just below lod), target 1479 for about 3 to 1 r/r.
Edit: Market will test where the home numbers came out. Once we test that number 1478-1479, I will then reverse my position and get short if I don't get stopped out first.
Edit2: stop moved to 1473.50 (1 tick above) to pay for comm.
Ok stopped out (paid for comm at least) and reentered trade at 1472.25. Same parameters as before.
Edit: BE now 1472.50
Edit2: stopped out +1 tick
Edit3: back in at 1472 (sometimes I can be too persistant!)
Out and short here small size at 13309, one min trend line, one more test of lows or break trend line? Would like to see es lead the way to 50% retrace. Tight stop above trendline.
It is interesting to see the market pushing up like it did yesterday only to do the opposite the next day. I think everybody was expecting declining home #s, but not over 12%, especially during summer season which is generally the busiest time for real estate. What is going to happen in the fall and winter????
Out of 2 fat 13297, holding one for lower lows with stop above 1 min trendline. Double bottom here and break of 1 min trendline signal long only till further retracement met.
Quote from bsparkyman:
Out and short here small size at 13309, one min trend line, one more test of lows or break trend line? Would like to see es lead the way to 50% retrace. Tight stop above trendline.
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