Bull And Bear Emini Tug Of War
January 8, 2013 at 7:09 PM (QQQ)(DIA)(SPY)(AMZN)(MDBX)
We gapped higher on the Globex open Sunday night and so far that has been the high of the week. Our first Tweet of the week was to Sell 1458.25. Convinced we were on the right side, we followed up with an email to CFRN Partners to Sell 1455. Price found support at the first logical spot which was 1450/1451, the Weekly Trading Zone directly below. If you were in on the first Tweet the trade was good for 7.25 points. If you got it on the second alert at 1455 it was good for 4 points. Now those who've been around a while, know that when price hits a WTZ and forms a Doji, there's a good chance for a bounce. We got the bounce right up to the first logical spot for resistance, the Weekly Trading Zone overhead at 1458/1459. This is what we refer to as a Zone to Zone to Zone Move. But wait, we're not done yet. The next Alert was to sell 1454. How did that go? Which time? Let me show you... How often does this happen? I've run out of sticks to shake at it. If you're really curious, I wrote about the phenomena some months ago - Why Important Prices Are Almost Always Tested . Notice, on the last attempt to reach back up to the WTZ, there weren't enough buyers on deck to get the job done. This was a cue to look for a break of the WTZ Support Level below us. Did it give way? It sure did and we dropped through our add-on target at 1448 and fell another 2 points to 1446. So here's the recap: Where does that leave us? We just sent out a Tweet that said: ESH3 - Consider selling it again - 1454. So far this week it's worked like a charm. $ES_F #es #eminifutures Here's how it looks so far... So maybe you wonder, "Why bother learning how to trade? I'll just follow him." What happens when I stop? Wouldn't you rather be able to call your own trades? Whenever you want, wherever you want, without having to depend on anyone else? That's what becoming a CFRN Partner is all about. It puts YOU in the drivers seat, once and for all! They say Freedom is priceless. Turns out, they're wrong. Freedom always costs somebody something. Just ask a Vet. Lucky for you, our price is painless. We even have a way for you to earn back your tuition - 100%! Intrigued? Of course you are. Email me support@cfrn.net Past performance is no guarantee of future results. Trading is risky and you could lose all of your money and even more. We teach agressive risk management. We never risk more than 2 points on any trade in our Live Trading Room. If you've never taken advantage of our Free Trial, Apply Today! As opportunities unfold we'll keep you posted. Struggle At The Top - Bulls And Bear Battle It Out
(ES) Globex Open
(ES) Tweet To Sell 1455
(ES) Tweet To Sell 1454
(ES) Selling The Same Number Again
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