Market Slices through Fibonacci Grid like a Hot Knife through Butter

Wow, that was fast!  Stocks rebounded like a rocket off our 2,425 Fibonacci Pivot.

Let’s chart today’s @ES Fibonacci Grid in play:

Emini @ES Intraday Trend Reversal

I highlight these levels develop a game-plan for the next trading day for our members.

The prior gap-down (overnight) sent the market back to our 2,425 level and ended the session at our 2,448 “50%” pivot.

The next day (yesterday) took us UP toward our 2,458 pivot where the market closed.

Today we’re seeing a strong gap UP toward our “Final Fib” level of 2,469 at yet another key short-term pivot.

Remain bullish (playing for 2,500) if price remains firmly above 2,470 or else cautious within the Fibonacci Grids if price trades down away from 2,469.

Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.

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Emini Plays the Fibonacci Levels like a Fiddle Aug 30

We finally got a breakout of our Fibonacci Grid!!!  Here’s today’s big update in price action.

Let’s chart today’s @ES Fibonacci Grid in play:

Emini @ES Intraday Trend Reversal

I highlight these levels develop a game-plan for the next trading day for our members.

Yesterday saw a gap-down to our 78.6% level (overnight) and a strong intraday rally back inside the highlighted range.

Today gave us a big breakout through 2,448 which set in motion a play UP toward our 2,457 level which is achieved right now.

For the rest of today, use 2,457 as your bull/bear pivot and play the departure from our target.

Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.

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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).”


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Emini Playing the Tight Fibonacci Range Today Aug 23

We expect Range Contraction (consolidation) after big Trend Days like yesterday.

At the moment, that’s exactly what we’re getting with today’s tight intraday range.

Here’s today’s @ES Fibonacci Grid in play:

Emini @ES Intraday Trend Reversal

I highlight these levels develop a game-plan for the next trading day for our members.

We had a NEUTRAL pivot bias between the 2,440 and 2,448 Fibonacci Levels… and lo and behold that’s exactly where toady’s intraday high and low occurred.

It’s almost like magic!  We’ll continue playing this range until we get a breakout, and I’ll discuss that plan for members tonight!

Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.

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Corey Rosenbloom, CMT

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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).”


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Our August 15 Bouncing Emini Fibonacci Grid Update

With volatility back in the market (for now), let’s update our Fibonacci Grid for the @ES because – believe it or not – it’s STILL working very well for short-term traders.

Here’s today’s @ES Fibonacci Grid in play:

Emini @ES Intraday Trend Reversal

Monday gave us our strong, expected rally up away from the 2,440 critical pivot (that I’ve correctly been highlighting to members) and we now see price gapping up – and falling this morning – at our 2,470 Fibonacci Target.

In simplest terms for a quick update, our pivot points to watch today include (today’s gap-up high) at 2,469 and the 2,458 Fibonacci Levels.

A breakout above 2,470 suggests we’ll retest the high while a break under 2,458 means we’ll play lower toward 2,445 again.

Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.

 

 

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Corey Rosenbloom, CMT

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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).”


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Emini Still Fiercely Trades within our Fibonacci Levels August 1

We have YET ANOTHER “gap and crap” day like yesterday where morning strength (a gap up) turns into immediate weakness toward support.

We’re playing the same game within the same levels as yesterday (see the prior post).

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

While we had a bullish gap up, the bears took their swipe as price returned within our very short-term Fibonacci Grid.

Our intraday low so far is the 50% Fibonacci Retracement of the July 27th swing.

We’re monitoring the mini-Fib range between 2,466 and 2,472 and the bullish breakout swing above it or bearish breakdown back toward 2,462 at least.

As today plays out, focus on these levels and the ping-pong play between them until we get a breakout.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

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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).”


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Well Look, a New Updated Fibonacci Grid for the Emini July 28

After a series of new all-time highs – at which point we really can’t draw a Fibonacci Grid to target pullbacks – we ARE seeing a decent pullback today to a key “first Fibonacci” target.

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

A big rally emerged on July 6th off the 2,410 level that sent price surging toward 2,480.

However, a persistent negative momentum (and volume) divergence set the stage for risky conditions for the bulls … and the market snapped yesterday.

The selling (liquidation) was particularly powerful in tech names in the NASDAQ index though the Dow and S&P 500 were spared most of the collapse-style price movement.

Nevertheless, here we are, trading into – and possibly bouncing “up away from” – the 23.6% Fibonacci Pivot just above 2,460.

Use this as your short/term and intraday “bull/bear” pivot price as highlighted.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

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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).”


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No Really We are Back Inside our Emini Fibonacci Grid July 10

We’re baaaaaaack!  And probably never, ever, ever leaving the Emini Fibonacci Grid.

That’s of course not true, but for now, we’re back within our grid!

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

Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid.

The yellow “midpoint” highlight stretches from the 2,420 level to 2,432.

Price gapped down beneath the yellow (tight) range, reversing powerfully off 2,414.

Write down these levels and play the continued ping-pong between and slightly outside these levels.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

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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).”


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July 5 Emini Update Still Playing in that Lovely Fibonacci Grid

The market remained within the tight Fibonacci Grid we’ve held since June began.

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

Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid.

The yellow “midpoint” highlight stretches from the 2,420 level to 2,432.

We’re BACK within the short-term range.

Note the powerful V-Spike Reversal off the 2,402 confluence – also at the 2,400 “Round Number” pivot.

We’ll continue using these levels until we get an actual – not one day – breakout from the magnetic pull of the grid.

Despite the fun Fourth of July holiday, that day was not yet today.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

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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).”


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July 3 Holiday Emini Fibonacci Grid Planning Update

Fun with Fibonacci!  As we enter the 4th of July holiday, let’s update our Fibonacci Grid.

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

Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid.

The yellow “midpoint” highlight stretches from the 2,420 level to 2,432 where price reversed this morning.

We’re BACK within the short-term range.

Note the powerful V-Spike Reversal off the 2,402 confluence – also at the 2,400 “Round Number” pivot.

We’ll continue using these levels until we get an actual – not one day – breakout from the magnetic pull of the grid.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

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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).”


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Pitch Perfect Fibonacci Grid Strikes Again June 16

If you’re new to our style of simple intraday trade-level planning, use today as a reference for how we do it.

Also note yesterday’s “Our Fibonacci Grid is Working Perfectly” post for the set-up for today’s activity.

Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:

First, review our introductory reference post “How to Use our Intraday Fibonacci Grid for the Emini.

We use them as targets to play “toward” and as possible reversal points “away from”  intraday.

The market – with few exceptions – has traded within our grid recently, giving us an edge over traders not using it.

Yesterday saw a V-Spike reversal up away from our 61.8% Level toward our 23.6% Level.

Today’s session revealed a collapse “down away from” 2,433 toward our 50% Fibonacci pivot at 2,422.

The grid won’t work forever; price will break out of it.  Exploit it as much as possible while it’s working for you.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

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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).”


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Our Intraday Emini Fibonacci Grid is Working Perfectly June 15

If you’re new to our style of simple intraday trade-level planning, use today as a reference for how we do it.

Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:

First, review our introductory reference post “How to Use our Intraday Fibonacci Grid for the Emini.

We use them as targets to play “toward” and as possible reversal points intraday.

The market – with few exceptions – has traded within our grid recently, giving us an edge over traders not using it.

Today’s session gapped violently lower but reversed just as aggressively higher off our 2,416 Fibonacci Pivot (61.8%).

We’ve seen a full rally up through our intraday grid as a V-Spike Reversal session morphed into a Trend Day.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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).”


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A New Bounce off our Emini Fed Day Fibonacci Grid June 14

We use our Fibonacci Grid as target levels to play “toward” and reversal points to play “away from.”

That’s true in today’s morning activity, as you’ll see below.

Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:

We had a full pullback to our 61.8% short-term Fibonacci Level at 2,417 and buyers stepped in aggressively.

From there, price closed Monday’s session at our 38.2% retracement into 2,427.

Here’s a key quote from yesterday’s planning:

Today’s bullish gap-up set the stage for another swing back toward the highs (through our “Open Air” bullish zone) as discussed for members last night.

That’s exactly what happened with this morning’s gap and price retraced straight to our 2,433 target.

We’re seeing a rally at the moment but keep in mind today is a FED DAY so monitor price action closely.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

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Corey Rosenbloom, CMT

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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).”


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