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    MonkeyMeat
    Rep: 12,738
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    Here's some Monkey Price Action S/R levels after reviewing multiple time frames on the ES. I've got them on an Hourly bar chart with Red as significant and Magenta as semi-significant. The levels are based on my chart reading of price action that I've described in other topics/threads. The Cyan dashed lines are the weekly standard pivot price levels.

    Looking for any and all feedback, as usual, coming into Wednesday's trading session!

    Click image for original size
    BR
    BruceM
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    flat at 82.50.....no trades until after announcement...
    PA
    PAUL9
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    Bruce,
    you're not trading until after the FOMC announcement near 2:15 east coast?
    BR
    BruceM
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    Correct sir!!
    Originally posted by PAUL9

    Bruce,
    you're not trading until after the FOMC announcement near 2:15 east coast?
    AK
    ak1
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    Thanks Bruce
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    PAUL9
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    did some sort of headline come out.near 11:28am East coast?
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    stocksster
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    Originally posted by PAUL9

    did some sort of headline come out.near 11:28am East coast?


    S&P downgraded Spain.
    PA
    PAUL9
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    (Edited )
    I found one, cnbc reported that S&P downgraded SPanish debt.

    thanks stockster, we must have both been posting close to the same time.
    MO
    MonkeyMeat
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    Originally posted by BruceM

    LTP at 84.75 is my first target......

    Hey MM if you're here...I really enjoyed that Monkey picture on the dog...while I think of it


    Thanks Bruce ... lookin' into getting my own. The rodeo was cool ... have been spending time with friends and fam from out of town so have been scarce here lately. At least I got my S/R lines up on the topic. Hope they're of help to some. I'm really liking these daily topics ... really good info, analysis and interaction!
    RI
    richd8980
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    I love trading the FOMC news on the retracement, I am predicting that it goes up then retraces all the way back
    BR
    BruceM
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    Damn it Rich..I want down first..LOL.

    All markets trading above their HTP so I like the longs if we drop first....waiting and watching for the retest of the breakout point....best sell will be into the 95 - 97.50 if they can push it quick first...I'm not expecting much of a reaction though...

    Hows that for double sided calls ? gheesh!!
    BR
    BruceM
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    Nice call on the push up Rich...I prefer my ON trades in the morning....so I didn't re-sell....I don't use hard stops...I'm looking to the profile for direction or exits when I'm wrong
    Originally posted by richd8980

    Bruce you are looking to go short overnite at 90.50 what is your profit/loss set at? I like the 93.50 area as better resistance when the European session opens at 2 am there is usually a push up.