ES Wednesday 3-4-2015

Originally posted by PAUL9

Newkid,
50%...66%...61.8% and on and on....

I looked at range extensions for years but it wasn't until I started watching Bruce that I realized that the range extensions that seemed to work the best worked only because they were coincidental with one of his Profile observations (which IMHO work way more often than range extensions)

Originally posted by bhmoney

i use 25, 50, 100. 50 is generally pretty damn strong though in my experience with an open drive towards it for at least some bounce

Originally posted by bhmoney

no stats on it, but been using it for about 10 years and noticed a general trend so now i watch her closely. I also agree though that when paired with a level, she can work magic like today and yesterday

Originally posted by Big Mike

Just to add more grist to the mill. Today is the type of day that made me change from a fader to a momentum trader. I try to let the market tell me a story (price action).

Earlier I mentioned the EURO IB low as critical. it was critical because once it was broken to the downside, there was very little push to go above it, price just consolidated sideways around and below the Euro low.

This had me leaning short all the way. When the little burp on the opening didn't hold it was time to hop on short. Targets- Y low and beyond on runners.

Different perspective.

Good luck to all.