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insyte
Rep: 200
Posts: 128
holding es short from 1343.50 for overnight trade. S/L at 1349.50. Target 1338.50. one contract.
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NickP
Rep: 7,237
Posts: 771
is this buy level based on the 1.618 stretch calculation ?

Originally posted by insyte

getting close to 1318. if triggered, taking half lot profit @1320 and moving s/l from 1313 to 1317.
IN
insyte
Rep: 200
Posts: 128
long now @1318. first lot tgt 1320
IN
insyte
Rep: 200
Posts: 128
sold half at 1320 for +2. raising s/l on balance to 1315. next tgt 1322.
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insyte
Rep: 200
Posts: 128
out of the trade now; +2 onf first lot; +4 on the second lot.
IN
insyte
Rep: 200
Posts: 128
yes, 1318 was the 1.618 strech target; also 50 dma ...so multiple support.
Originally posted by NickP

is this buy level based on the 1.618 stretch calculation ?

Originally posted by insyte

getting close to 1318. if triggered, taking half lot profit @1320 and moving s/l from 1313 to 1317.

NI
NickP
Rep: 7,237
Posts: 771
appreciate it
IN
insyte
Rep: 200
Posts: 128
o/n trade:
buy 1320.5 or
sell at 1330.5

whichever occurs first

with 5 point s/l and 3 point target
IN
insyte
Rep: 200
Posts: 128
closing the o/n short trade for a +2 point profit
IN
insyte
Rep: 200
Posts: 128
shorting when @1331.50 with 4 pts. s/l
IN
insyte
Rep: 200
Posts: 128
short now at 1331.5; s/l @ 1335.5
IN
insyte
Rep: 200
Posts: 128
or by at 1344.5 to tgt 1347.5