ER2 charts

futures live trades

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bh_trade
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Postby bh_trade » Wed Apr 11, 2007 1:53 pm

I believe a close below the bottom trendline would invalidate the pattern and project at a minimum to its origin (811.60). Unless I am mistaken . . .

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humble1
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Postby humble1 » Thu Apr 12, 2007 11:24 am

bh_trade wrote:I believe a close below the bottom trendline would invalidate the pattern and project at a minimum to its origin (811.60). Unless I am mistaken . . .



No doubt about that yesterday....that lower trendline offered a heck of a short opp as well.

zeller4
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Trade Zones and Fibs

Postby zeller4 » Fri Apr 13, 2007 12:33 am

Anybody use the first 5-min. candle for the Fib Target tools?
or do you use a different setting?
Attachments
TRO_TRADE_ZONES and FIBs.png
TRO_TRADE_ZONES and FIBs.png (62.4 KiB) Viewed 373 times

humble1
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Postby humble1 » Fri Apr 13, 2007 9:17 am

looks like a short opp has setup.

Image

humble1
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Re: Trade Zones and Fibs

Postby humble1 » Fri Apr 13, 2007 9:21 am

zeller4 wrote:Anybody use the first 5-min. candle for the Fib Target tools?
or do you use a different setting?


never used them, I always depend on the pattern measurments and S/R for guidance on targets. can you post the chart before the target is hit so we can see what is projected? very interesting. Thanks.

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bearwatch
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Postby bearwatch » Mon Apr 16, 2007 11:47 am

Looks like all the price pattern targets have been hit already, at least the double-bottom that just reached late Friday on 60min. Is this the top of resistance or is there more air higher up?

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zeller4
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Re: Trade Zones and Fibs

Postby zeller4 » Mon Apr 16, 2007 1:45 pm

humble1 wrote:never used them, I always depend on the pattern measurments and S/R for guidance on targets. can you post the chart before the target is hit so we can see what is projected? very interesting. Thanks.


Here's a test screenshot of AB #F taken at 9:40 a.m. on 3-minute candles (for demonstration - no crystal ball!)

kz
Attachments
TRO_TRADE_ZONES and FIBs.png
TRO_TRADE_ZONES and FIBs.png (52.49 KiB) Viewed 335 times

zeller4
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Postby zeller4 » Mon Apr 16, 2007 2:13 pm

(will do some more testing on fibs for 1-min, 2-min, 5-min etc...)

humble1
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Postby humble1 » Mon Apr 16, 2007 4:36 pm

price is now testing the weekly wedge trendline on the snap back. all upside targets on the 60 minute chart have been hit. gap resistance will close on the daily chart if this closes at or above 830.9. if the wedge breakdown on the weekly chart is legit, it will confirm right here.

bearwatch
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Postby bearwatch » Tue Apr 17, 2007 1:40 pm

Looks bullish from here. Buying pullbacks but feel naked without patterns to play from.

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