Down to the Lows You Go Emini Morning Update Nov 1
We continue using our key Fibonacci Grid for the Emini, but we may see a breakout on the horizon!
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades:
Here’s a reference guide of how to use and trade from these morning updates.
We had a “Range” or “Ping-Pong” strategy expectation going into today’s session as I highlighted to members.
Namely we’re seeing range behavior between the prior low near 2,110 and the Fibonacci Level 2,128.
Today’s session was a departure “down away from” 2,128 “toward” the 2,110 pivot where we are currently.
Be sure to incorporate these levels into your short-term trading.
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Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).
We got to be very sure of these levels because if we are uncertain then there is a lot of trouble coming our way, so we got to be nice and relaxed with everything and only then we will be able to gear it up. I like it a lot with broker of OctaFX caliber which is head and shoulder above the rest having steady spreads from 0.1 pips while there are over 70 instruments to select from and much more, it’s so beautiful here.