2% swing moves

I've been doing research for the past six months on fading moves of 2%(ES) off a most recent swing high or low (1H chart). Seems to be very effective, anybody else with experience in this type of setup?

1951 * 0.98 = 1911.98...4.50 point bounce so far from 1912.00...low at 1911.00...so far so good

Nice it worked for you but for me, that area was already "used up" on Friday

Originally posted by stocksster

1951 * 0.98 = 1911.98...4.50 point bounce so far from 1912.00...low at 1911.00...so far so good

looking at 1891 or a small move off 1931 (1% off lows and near O/N High)

Target off 1891 (if we get there)would be 1910, right before that 1912 tops level

Originally posted by Big Mike

looking at 1891 or a small move off 1931 (1% off lows and near O/N High)

1912.50 x2%=38.25
1912.50-38.25=1874.25

is this correct thinking big mike?

That's how I do it.

Originally posted by duck

1912.50 x2%=38.25
1912.50-38.25=1874.25

is this correct thinking big mike?

Loser

Originally posted by Big Mike

Target off 1891 (if we get there)would be 1910, right before that 1912 tops level

Originally posted by Big Mike

looking at 1891 or a small move off 1931 (1% off lows and near O/N High)

here we go mike

long the rat 75 stop 3 point

stop out..

out 77.25 thanks mike for the set up