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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I have two one minute bars with matching lows on the RTH lows...can anyone confirm that?

I have 3 bruce

now YM is on lows but not ES.....these two need to get in synch before any real trend can begin.......otherwise more back and fill and ES will retrace up a bit

SAME HERE BRUCE 9:54 AND 9:55

thanks for the confirmation

OH WAIT YOU MEAN IDENTICAL BARS? NO..BUT THE SAME 898.25 LOW AND ALMOST IDENTICAL

I mean the same exact low on your one minute chart

low would be 98.25

yeah,VO thats cause thats a 610 chart..our 1 min has 2

quote:

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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:

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Originally posted by VOwater

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

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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.