MyPivots
    LO
    lordalfa
    Rep: 140
    Posts: 264
    0
    Good morning to the USA, good evening in Asia. As of now, 45 min before RTH. It took a steep plunge to the pivot at 903, all in less than 10 min.

    As a short term scalper. Lets see for the first 3 mins to confirm EMA3 is on top of EMA9, 3 green candles with bearish resistance with MACD pointing up. Target 4 points with SL at 3. Trailing stop change to 5 when price changes to 3.

    Have a profitable day everyone.
    Click image for original size
    45 mins to RTH 18 Dec 2008
    ,
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    correct,Bruce
    VO
    VOwater
    Rep: 133
    Posts: 4,121
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    chart is 1m candles
    VO
    VOwater
    Rep: 133
    Posts: 4,121
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    s @ 3.25
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    miving stop to 904.75....probably a bit tight here
    PO
    pookster
    Rep: 0
    Posts: 82
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    Thank you for the email kool....I appreciate it.
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    man, the 5 min proj gave 901.25 and thats dead nuts what we got! the funny thing is after i shorted 908.50,i put on my bracket(stop and exit) and got so busy doing some e-mails i wasnt even watching the thing dive! you know me ..i would have bailed at 905-6 for sure..LOL so i have all of you to thank for that!
    PR
    prestwickdrive
    Rep: 2,057
    Posts: 1,098
    0
    quote:
    Originally posted by koolblue

    man, the 5 min proj gave 901.25 and thats dead nuts what we got! the funny thing is after i shorted 908.50,i put on my bracket(stop and exit) and got so busy doing some e-mails i wasnt even watching the thing dive! you know me ..i would have bailed at 905-6 for sure..LOL so i have all of you to thank for that!

    repayment for good deeds done
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    quote:
    Originally posted by BruceM

    on your chart Kool is that ONLY a time projection...exclusive of price?
    after i entered i looked at the 1 and 5 min chart and put my order in just above the 5 min proj. then got side tracked and made a killing!proj was 909.75high and 906.50 low on the 5 min bar=901.25
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    PURE LUCK! NO DOUBT I WOULD HAVE RUN EARLIER!
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    gheesh do I loosen the stop because of those matching 01.25's.......?
    FE
    feng456
    Rep: 994
    Posts: 340
    0
    quote:
    Originally posted by BruceM

    Thanks Vo that's what I had imagined ...so you can use price projection failures on the lower time frame to get you going in the direction of the larger time frame......
    quote:
    Originally posted by VOwater

    and yes bruce the bigger time frame projections do indeed carry more weight



    speaking of failures....*cough *cough

    (im alluding to myself)

    yes yes i need more confidence but poking fun at myself is better than seriously saying im a tool.