ES Journal Archive (2006 - 2008)

1519 is a 38.2% fib retracement of the downmove from the 10/31 swing high at 1558.75 to the 11/5 low at 1494.25

The 50% retracement point would 1526.50.

The 61.8% retracement point would be 1534, which looks like a strong resistance level.

 

closing out more here at 1520 on the retest

one piece left for the homerun up to 1525 trailing stop up to 1517.50 locking in a good chunk of profit

 

I'm magenta with envy.

 

...... why you closing ?
... this looks like the take-off point....
...cup with handle... launch pad...
...edit.....yep... launch pad

 

Ahh come on, hold it all the way 1547.

Rocket fuel is good stuff.

 

..... avarus... you rockin' this thread....
..... in a good way....

 

Because it wasnt a longer term trade.. just let this one run because I saw oppurtunity... I am still a student of the markets and the psychology of holding a very large position while way past your intended target.

I hear ya on the launching pad so this last unit I am holding for 1530 area.

 

your not so bad yourself there buddy all the best.

Edit: There is lots of experience in this thread. You all know who you are.

 

There's 1525! Damn, when you're hot, you're hot!

So...down from here?

 

..... can't relate.... still small fries here....
... nice trade though....