Stepping Out to Our Larger Emini Fibonacci Grid Nov 3

Bycjrosen

We’ve been very successful using short-term Fibonacci Levels for intraday @ES trading.

With the breakdown this week, we have to expand our grid, which is what we’re doing in today’s update.

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.

I’ll provide more information and updates – especially to members.

For now, we’re focusing on this larger grid which puts 2,135, 2,104, and now 2,080 into play.

We use these levels as both targets for price to trade TOWARD and then as potential intraday reversals.

Want these levels and additional strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

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).

Similar Posts

June SP500 Breadth Divergences and Reversals

Bycjrosen

Monitoring Market Internals – particularly Breadth – tends to be very helpful for short-term traders to asses market strength or weakness, particularly during a mature rally or decline. Let’s take a look at the current state of Market Internals and how they have been effective for trading intraday trend reversals and breakthroughs. The simple price…

|

Triangle Breakout Play in Boeing BA Jan 8

Bycjrosen

For those who may have missed it, Boeing Stock (BA) broke to new recovery highs out of a rising wedge or ascending triangle pattern on the daily chart, sending prices higher in solid breakout mode.

Let’s take a look at the daily chart to see this breakout, as well as upper resistance levels to watch and lower support levels to guide traders.

Important Lessons From Market Internals Now and the Prior Two Rallies into Resistance

Bycjrosen

With the market completing an almost exact push up to the S&P 1,130 level, as has been the case two times in the last two months, let’s take a look at the current state of market internal (divergences) and compare those to the prior two times to see if we can get insights into the…

4 Comments

  1. Pingback: The Expected Emini Bounce Materalizes Today | Afraid to Trade.com Blog
  2. Pingback: The Nov 6 Expected Emini Bounce Surges Higher | Afraid to Trade.com Blog
  3. Pingback: The Emini Election Day Surge Simply Continues | Afraid to Trade.com Blog

  4. We can always gain plenty with reversal in place, but we got to make sure we do it all very nicely and don’t try to be in haste because that will cause issues. I am able to do it all well and that’s all thanks to OctaFX broker and with their fabulous conditions available that include having lowest possible spread at 0.1 pips for all major pairs while they also have superb deposit bonus which is up to 50% and is use able too.

Comments are closed.