You Know It’s All About the Fibs Emini Update Oct 6

Oct 6, 2016: 11:04 AM CST

“It’s all about the Fibs, about the Fibs… and Triangle.”

There’s no change in our Fib Grid and Triangle Trendlines as the market remains within our key levels.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

We’ve been tracking a triangle as price compressed between the red and green trendlines and our Fibonacci Levels.

The key focal points include the 2,148 and 2,157 @ES Levels as highlighted.

Our “Triangle Trendlines” have been compressing around the 2,153 “Midpoint Magnet” price.

Keep doing what you’re doing (trading within the range) until we get our breakout event.

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).

1 Comment

One Response to “You Know It’s All About the Fibs Emini Update Oct 6”

  1. Paul Says:

    There is no doubt that this is really an excellent way of working, but got to be very sure about it to be getting any real benefits. I am always able to do it fairly easily which is to do with broker like OctaFX which is all class above the rest and have solid benefits with steady spreads from 0.1 pips to high leverage up to 1.500 while there is also smooth trading platform in cTrader, it’s all very cool and helps me working out nicely.