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    DA
    day trading
    Rep: 39,586
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    Don't forget that today is a Fed Day. Resources for today:

    All fed rates over last 21 years:
    http://www.mypivots.com/trading/fedrates

    The ES on the previous 113 Fed Days:
    http://www.mypivots.com/trading/feddays
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    palmer
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    bingo prestwick- I just did that myself
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    tradezilla
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    81.50 is now the pivot, stay above we go higher, stay below we go lower
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    palmer
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    1185 should be initial resistance here
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    palmer
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    should have poked that monthly pivot long - oh well
    TR
    tradezilla
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    Palmer, I think that's a good call, above 85 is confirmation we are likely going higher
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    prestwickdrive
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    That was also a nice ABCD 96.5-82.25-90.75 projecting 76.5. Wish I had noticed that earlier.
    PA
    palmer
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    well that was met :)nice
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    prestwickdrive
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    Originally posted by palmer

    bingo prestwick- I just did that myself


    Did you get 76.0-81.25 giving an initial of 84.5 (just hit) and a full of 89.75? In a trending market the retraces against the trend seldom go past the inital target.
    AP
    apk781
    Rep: 4,392
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    do you look a t3 pt extension often? if so, how accurate are they compared to just the 2 pt ones ?

    Originally posted by prestwickdrive

    That was also a nice ABCD 96.5-82.25-90.75 projecting 76.5. Wish I had noticed that earlier.
    PA
    palmer
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    nope I didn't do that any one the upside- but that then the 1185 was correct for resistance. I was using low of that massive candle- I guess we need to watch 89.75 for a trend change??
    DA
    DavidS
    Rep: 3,181
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    Appreciate the sentiment but it's not about that. It was an event trade(earnings,fed,etc...) He/She who hesitates is lost.
    No news. No volume. Price is always the leading indicator. :)
    1998 was resistance. Didn't make it?
    Stopped at 1996.50 I think.
    The 1182 target was missed by a tick. Took about 4 minutes top to bottom. That was the event.
    Correction stopped below 1189. Other levels represented in corrections/ pauses and 1260 exceeded. Extension.
    This was posted pre fed announcement. The objective is to be right, in the trade, even if 98 was hit.

    Originally posted by destiny

    Originally posted by DavidS

    Trade plan
    1- shoots up to 1193.50 or higher to 1197, short as 1198 R level
    2-drops below lod, go with it using 1189, 1187 as s/r line
    1181-2 the 38%, target below that would be 1175,1171, or lower(1160)
    above 1198 will reevaluate
    between em all is 1193.50 key level imo and working good above and below so far today
    1189 should have been a buy signal? there's a message there somewhere 1193.50 the key to me
    maybe will muddle around in the area
    Magic Beans!


    You were right on the MONEY. CONGRATULATIONS.
    using price as leading indicator
    thinking overall down but subject to change my mind