ES 12-18-2008


Good morning to the USA, good evening in Asia. As of now, 45 min before RTH. It took a steep plunge to the pivot at 903, all in less than 10 min.

As a short term scalper. Lets see for the first 3 mins to confirm EMA3 is on top of EMA9, 3 green candles with bearish resistance with MACD pointing up. Target 4 points with SL at 3. Trailing stop change to 5 when price changes to 3.

Have a profitable day everyone.
Click image for original size
45 mins to RTH 18 Dec 2008
,
Prest, check your e-mail when you get a chance
taking some at 900..minor support begins....this is second attempt...first got to the minus 4 and then stopped runners..this is close to minus 8 and support
GM everyone, Vo thanks for the numbers
missed my 898.00(see globex chart posted 6:47 this morning) by one tick...watching
GM margie and yw
have a failed new low would like to see 5m retest and failure
selling
short 2@ at 905.00,3 point stop
quote:
Originally posted by koolblue

Prest, check your e-mail when you get a chance


TY Kool. That looks really intersting. I'll check it out this PM.
I had 10:06 as a mini peak...we'll see!
quote:
Originally posted by BruceM

Thanks Vo that's what I had imagined ...so you can use price projection failures on the lower time frame to get you going in the direction of the larger time frame......
quote:
Originally posted by VOwater

and yes bruce the bigger time frame projections do indeed carry more weight





speaking of failures....*cough *cough

(im alluding to myself)

yes yes i need more confidence but poking fun at myself is better than seriously saying im a tool.