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LO
Lorn
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Posts: 1,406
Here is the developing RTH weekly profile. Obviously prices are well above this at the moment. Also on the chart is Paul's Monday Range fib extension where if prices reach the 1.618 extension of Monday's RTH range on either side the probabilities of prices hitting the 2.000 range are extremely high during the rest of the week. In this case to the tick almost!
BR
BruceM
Rep: 216,211
Posts: 19,895
adding at 97...looking to target 95.25 first...tricky...not convinced on my data ..hard to incorporate something new
KO
koolblue
Rep: 48,651
Posts: 16,032
well, we might be a bit early,Bruce, but im also short from 1296.50.. back to the gap stuff... when the opening gap is above yesterdays high, something approaching 80% of the time it does not get filled and we trend up! We'll see!
AP
apk781
Rep: 4,392
Posts: 410
sold 98.25, 2.618 short term proj for the 92.5-94.75 move...will unload everything at 96.75 if i can...don't like how long it is taking to play out
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BruceM
Rep: 216,211
Posts: 19,895
flat at 97 ...slight loss..that hour range needs to resolve and 99 sits as a target still
KO
koolblue
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Posts: 16,032
well. i covered at break even (actually filled 96.75 for a one tick loss on each es)... just too bullish today,i guess... looking to buy again, but not here ..i need a good decline or its already too late for me!
AP
apk781
Rep: 4,392
Posts: 410
whew
Originally posted by apk781
sold 98.25, 2.618 short term proj for the 92.5-94.75 move...will unload everything at 96.75 if i can...don't like how long it is taking to play out
KO
koolblue
Rep: 48,651
Posts: 16,032
Originally posted by koolbluereasoning: the 13 min vwap is at 1296.50 and tho the little one min proj is 1296.00 i just got spooked...if i would have been stopped on this trade i would have been at my daily limit and have to quit for the day, so id rather err on the side of caution!
well. i covered at break even (actually filled 96.75 for a one tick loss on each es)... just too bullish today,i guess... looking to buy again, but not here ..i need a good decline or its already too late for me!