GM Traders
Daily PP: 867
R1: 905
S1: 847.25
Monthly PP: 881
Weekly PP: 877.75
POC: 897.75
60m: 927.75 / 849
15m: 893.75 / 875.75
5m: 886.25 / 874.50
one little globex gap to fill @ 80.25
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
quote:
Originally posted by BruceM
failure here will go down to the 58 - 60 for those break out traders who sell the hour lows and win...
-50% IB extension = 58.0 also. 57.75 = .5 of Friday's range
BR
BruceM
Rep: 216,211
Posts: 19,895
no I tried the fade there but it went no where ...95 % of the time I'm buying while the market is dropping and selling when the market is rising into the zones.......I'm just not quick or good enough to stop and reverse but it certainly would have been good in hindsight...I prefer to exit and try again when I'm wrong.....especially if I'm not adding on....
All these fade zones work much better when you have good low or high $Tick readings...just an FYI
All these fade zones work much better when you have good low or high $Tick readings...just an FYI
PT
pt_emini
Rep: 5,707
Posts: 1,940
quote:
Originally posted by VOwater
Click image for original size
Looks like they sold down close to your 161.8% projection VO
VO
VOwater
Rep: 133
Posts: 4,121
yeah pt or over ran the 127.2...would like them to actually get back down to the 60 area...we just hit 61.8 retrace from 72.75 swing H
VO
VOwater
Rep: 133
Posts: 4,121
if they sell it here 60.75 would be 100% of the abc...also have a dt line here