ES Thursday 11-3-11

Hey Bruce, I just hope you are a good sport and keep posting the way you always have!

I know I said that I will not post any more but NickP got me going with he's reverse psychology.

Basically today, I pointed out and trade from the 1237.00 area bc it is 38% Fibonacci retrace from 1283.50 high made on 10/28 at 16:01 and 1208.50 low made 11/01 at 08:52.
1237 area is also a Fibonacci 23.8% and it's acting as resistance. If you look at your intraday charts, you will see that the ES tested that area many times including late this afternoon in the O/N and was not able to find support.

Now ES is moving back down to test the next support area again, at 1214.50. Failure here will target 1204.00 and possibly 1178, same objectives as previously. Stops started above today's high now at B.E. 1236.00. Will see where it takes me.

Below is the same daily chart I had posted for some time now, last time was yesterday at 02:00.


Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, awesome, incredibly profitable trading experience!!

btw;

I didn't post a chart. There are about 29 pages of charts with candle signals in my thread "Candle Pattern". These charts drill down and show exact patterns/signals not just a chart with a bunch of lines on it.

Hi Red, can you point me n the right direction in finding the thread on 'Candles' please
thanks mate
Brent.T

Originally posted by brent.t

Hi Red, can you point me n the right direction in finding the thread on 'Candles' please
thanks mate
Brent.T

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at the top of this page click search > enter candle pattern in the site and forum box > click the first chart to go to my thread

Thnx, found them...

Originally posted by redsixspeed

the #s for targets posted in this thread today ... 1259 / 1265 / 1261.25 and some others .. me had #s in the same area ...

1252.75 / 1258.50 / 1262.25 .. I make a zone with them and measure between:

zone one 1252.75/1258.50 ... zone two 1258.50/1262.25

see zone two; to measure the first move into the zone use the fib retrace tool ... pull from 1258.50 up to 1262.25 .. edit the tool to only show 6.18 & 75.0 ... the next move into the zone the fib would be reversed and use 50.0 & 61.8

we'll see how that plays out tonight if es moves back into the zone
but 1262.25 is the main target

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For those up this early a.m. ES hit that 1258.50 and backed off ... still moving down as I type ... I'am still looking for a move back into that top zone ... 8:30 #s have some to do with that

Originally posted by brent.t

Thnx, found them...

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your welcome

bouncing off the bottom of the zone at that 1252.75

Originally posted by redsixspeed

bouncing off the bottom of the zone at that 1252.75

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looks like the battle for that 1252.75 is over .. those 8:30 #s are big
1262.25 key # ... I'am done

have a good day ..

ES took out that 1262.25 from me post above ^^ .. got a 5' close at 1262.50 ... lol ... not a strong close ... see how that plays out ...

doing battle at that 1262.25 this EARLY a.m. ..