Quote from Laissez Faire:
Nice failure there at the 50% level. Only overshot it by one tick.
It was a decent scalp entry. Taking it out now. If not reversing @ 93,50, it looks like it`s higher from here. :eek:
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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It was a decent scalp entry. Taking it out now. If not reversing @ 93,50, it looks like it`s higher from here. :eek:
I agree, time to change focus and look to the gap fill. :eek:
i think we see 1196 in next few mins, i'll short this for a few points.
Yes, that was a Fibonacci wet dream there.
Seems like the fifty percent level has been working very well lately.
I hope you used a tight stop. :eek:
Pulling back to the 93,50 zone would be an acceptable long entry from here. If not, I`ll sit in silence until we take out the morning highs.
If is after all a T-day
S@ 1196.25
stop@ 1200
short 95.5
Look at the charts. Twin reversal off a higher low on that second push down from the failure at the 50% level. 9 points higher in less than 15 minutes.
That is strength and not something one would be looking to short, unless for a counter trend scalp.
If we were to go any lower today, we would have respected 93,50, IMO.
Couple that with T-day and EMG target above at 1206 
Now it`s just a matter of looking for a long entry.
As always, my humble opinion only.
That is strength and not something one would be looking to short, unless for a counter trend scalp.
If we were to go any lower today, we would have respected 93,50, IMO.
Couple that with T-day and EMG target above at 1206
Now it`s just a matter of looking for a long entry.
As always, my humble opinion only.
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