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Candle Pattern


ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
Originally posted by redsixspeed

opening 5min. low 1070.50 +.75 above the top Of my T1 zone

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I trade a matrix I developed but that is not what this topic is about I only metioned it to say this...ES opened @ 1071.25... two key matrix #s are 1072.00/1068.00 so we opened mid of those #s..now I had the projection @ 1069.75 and a s2 @ 1070.00...these are #s confirming this area...what I am saying here is the more I can confirm the better....to me #s don't mean anything unless they confirm an area I am watching...I post #s from time to time as I did this morning and I appreciate anyone who does
I can't belive in my haste posting the #s above I didn't included
the most important # taken from my measured move which was 1075.00.

The measured move is also found in this topic

http://www.mypivots.com/board/topic/4072/25/candle-pattern
Originally posted by redsixspeed

I can't belive in my haste posting the #s above I didn't included
the most important # taken from my measured move which was 1075.00.

The measured move is also found in this topic

http://www.mypivots.com/board/topic/4072/25/candle-pattern


I am taking medicine for a head cold don't know how I go it,
anyway I just noticed I posted my # wrong... the measured move
was 1070.75....I knew it was a 75 in there somewhere...
The bottom of my T1 zone is 1065.25 as posted earlier...we got within a 1pt...if we take out zone one I go to zone two...

This is not a hidden technique...but you must connect the dots
in Nison work...it will take due diligence
Some may wonder why I post in the manner I do. In this forum is the following quote:

The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think. - Jesse Livermore


as I was explaining to someone a few years ago some of the things I do to project price he said "I just want someone to show me what to buy"...sounds alot like what Jesse said.....

If you work for something it will have value....When you have changed out a chair or two you'll know you have put forth the effort
Just made myself a note to be aware of the o/n news, that 5a.m. # took me by surprise...
I failed to post my T1 zone up here but we are in it now
my T2 = 1103.75/1106.50
There are volume charts posted showing where resistance will likely
be...I have noticed in the past that a target zone I have is where the volume chart is as well....today is no different....

my T2 zone is 1103.75/1106.50.....I thought I would ckeck the volume
chart and sure enough I saw #s in this same area....seeing an s/r area using different methodology is a good thing.....



better late than never-----> my T1 today was 1096.50/1099.50
I pay close attention to the mid point of these zones and watch
volume for the first clue for traders in the area
as I type we are @ the bottom of TZ1 from yesterday

TZ2 1103.75/1106.50..... I'll be watching the mid point of this
area if we get there
Originally posted by redsixspeed

as I type we are @ the bottom of TZ1 from yesterday

TZ2 1103.75/1106.50..... I'll be watching the mid point of this
area if we get there


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TZ1 being a tough nut to crack...I thought it would...Market turned
@ the mid point again....maby it's going to get a running start and
bust through...LOL....
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...