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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.
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45 mins to RTH 18 Dec 2008
covered one at 903 to reduce risk...up 10.75 now ..looking for a 898 retest
s @ 3.25
1 off 2
1 off 2 stop be and flat
man, i was gonna cover at 901.50 but forgot i changed my exit order to 901.00...sigh ..still in
biggest volume so far is 900 - thats the zone to beat or use as attractor..this is like summer trading...
STILL PROJECTING (AND EXPECTING ) a retest of 898... at least!
was late entry and should have not protected trade so fast but would have had to worry about 6.50 H...not a great trade
covered 904.50..couldnt take a chance with my 898 already hit.
if they get 6.50 on close look for 9.75, then 12
Originally posted by BruceM

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