No registration required! (Why?)

ES Wed 10-26-2011


i would not trust these numbers. i am new at picking key numbers. also i dont know how you people post and trade at the same time. my hat is off to you. just maybe someday i could do the same.

ok here what i got

1250-52.5
1240-42.5
1234.5-36.5
1225-27.5
1214-1216
1206-08
1200-02

take care
duck
38 target not hit was the flip move
30.50,28.75,and 26.75 retrace levels
it can still hit but needs to break any lower high under
31 held so far and hourly S above
close will be interesting
36.70 is the 62% of the 1215-1250 range, a S/R level
break and hold for aces as it's the break of the range
32.50 below
The 38/39 and the 28/29 level has S/R and bell curve... will look for shorts and longs there if we get there tdy...
Originally posted by tradezilla

The 38/39 and the 28/29 level has S/R and bell curve... will look for shorts and longs there if we get there tdy...


This area has been hit several times, so weak. Bulls may prevail. Of course it is all news driven
Y, I agree.. it turned out to be a wash trade for me... I shorted 2 at 38/38.75, took one off for a nice profit, added 1 again back up and got stopped out on both....

the primary reasoning was LV, HOD and DX was basing with strong ledge support underneath so a runaway to the upside seemed less likely to me but got stopped out never the less...

BTW - a few other traders got 42.50 as a number, one was an old POC from Dec2010, another had doubles up there... My question is are doubles significant? Are old POC and value areas going that far back still potent?