ES 12-18-2008

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.
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welcome PDQ...you will have to explain as im not familar with the specifics of her trade

Hi VO:
The 5 minute ADX must be above 30, which signals a short-term trend move, and the price must re-trace to the 20 period EMA. The 20EMA is the entry point and the objective is a re-test of the recent swing (885.50 in this case).

thanks for the explaination PDQ

we have that 73 - 71 as the next big magnet...

60m has a number at 73.75

got a deadly 15m @ 76.75

singles 74.5-75.75 and 75.75-77.25

nice call on the 85.5 PDQ

This is my Quote page goes with every chart. Checkout Trins, Adv-Dec & Volume.

Thanks Prestwickdrive:
This is one of LBR's trade setups and it's one of the most reliable that I've seen. It works on any time frame and the accuracy is 90% or better for at least a partial re-test.

l @ 74.75

quote:

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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:

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Originally posted by VOwater

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

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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.