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#1 zoropb

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Posted 10 January 2019 - 06:41 AM

Good morning traders.

 

Overnight seems to have completed the A or 1 in a correction of this wave from Jan 3rd or it is the start of something larger. Taking out the Jan 3rd low pretty much kills this rally but, one day at a time. we have gone 5 days without a normal zone day which is about 2/3rds of the time. 5 days is rare. So with very high odds we are at mininimum going to get a normal 4 level day but probably 1 or 2 extenstions will not be out of the ordinary. Use these levels for key turn points in the session.

Todays level is 14.25 and half level is 7

 

Overnight high 81.75 to below

.5= 74.75

1 down is 67.50

1.5 = 60.25  (the low for now at 60.50)

2= 53.25

2.5 = 46.25

3= 39

3.5= 31.75

4= 24.75 Normal center

4.5=17.75

5= 10

5.5= 3.50  I could see it reaching here.

6= 2496.25

If we take out the overnight high everything readjust using the 14.25 and 7 from intra-day peaks or lows combine the two to get even more accurate points.

 

I can see us retracing just about all of the overnight to meet cash.

brb more coffee.


Edited by zoropb, 10 January 2019 - 06:42 AM.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 zoropb

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Posted 10 January 2019 - 06:48 AM

Forgot to mention but I am long from the 6.36 bar breach up. riding this to .5 level at 74.75 if correct and don't get stopped out at now 1 tick below the 6.42 bar.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#3 zoropb

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Posted 10 January 2019 - 06:50 AM

I finish posting it and ai goes right for my stop at entry lol looking for entry.   


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#4 zoropb

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Posted 10 January 2019 - 07:03 AM

long breach 6.52 bar stop under 6.59 about to move it soon.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#5 zoropb

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Posted 10 January 2019 - 07:13 AM

here is the example as I trade it live. 

the low of the entry bar or say 67+7=74 the .5 overall level is 74.75.  target is 74-74.75


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#6 zoropb

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Posted 10 January 2019 - 07:14 AM

stop 1 tick under 7.07 bar


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#7 zoropb

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Posted 10 January 2019 - 07:21 AM

next wave up should do it.


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#8 zoropb

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Posted 10 January 2019 - 07:39 AM

stopped  +.75  they need to kill time for the open.  Looking for entry. I still think it gets there.


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#9 zoropb

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Posted 10 January 2019 - 07:43 AM

I forgot about wave one at 65.  I should of dumped at 68.50 and not tried more on this move off the 65 because of time also.  See what lack of coffee does to me. lol


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#10 zoropb

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Posted 10 January 2019 - 07:45 AM

Looking to get in on the dip and breach off this w1 as long as the 7.40 bar holds.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.