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ES Afternoon Rubber Band setups - addl thoughts.


Ive attached a chart of my High TF (roughly equivalent to a 5 min chart) highliting 3 RB setups on the ES yesterday afternoon (042409). Additionally, Ive included 2 charts showing the low TF criteria used for actual entries. These setups on higher TFs should provide larger trades.
As Ive looked thru a number of these setups (both long/short), Ive seen a high % not only reach the MA (the primary target of these setups), but move on beyond the MA an equal distance (essentially a measured move). Ive highlited this on the high TF chart using the MM tool I have available. Perhaps you can find value in these setups?

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