Trading Blog
Fib setup in YM with squeeze trigger
The 55-57 are in the YM showed support this morning. The actual low was made at 60 which was close enough to look for a buy trigger. Notice the squeeze trigger on the 89 tick chart of the YM. So far we've seen a 99 point rally off the low made at 60.
How about this setup in ER
We had a nice two-step pattern into support and you could have used the 89 tick chart for your entry trigger.
British Pound Setup
This was a nice setup in the pound futures this morning. It was pretty much a simple symmetry setup that overlapped a .618 retracement. We fell short of the target at 20850 by 3 ticks.
Time is on your side!!!
Today we saw a beautiful hit with timing on the 15-minute chart in the YM. David D has shared the trigger that he used to enter the buy side with this timing in mind.
How about a two-step pattern in the ES
This was a classic two-step pattern seen in the ES contract today. The clue that it might play out was the fact that price was still below the 34 ema as we tested the two-step zone. A 10 point decline was seen from the 1544.00 swing high made into the zone. If you caught the middle of that....you should be a happy camper....or trader at least!
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