Friday, 16 November 2012

ES + YM..going lower but serious support here ...continued

If ever you needed proof that multiple PF structures are effective here's price action around the horizontal ML form yesterdays post plus a couple of addition micro forks added to show supp/res even at this low time frame. If you add the reaction lines you get a chart such as the ones below

Here's an update just under 2 hours after the Wall St opening: The reason for posting these isnt to illustrate a profitable open trade ( anyone can do that) but to show how support/resistance (when combined with an indicator based entry method) is a powerful trading tool.


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