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!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

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).”


Afraid to Trade.com Blog

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

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

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).”


Afraid to Trade.com Blog

Is it Possible to Make Money on the Open? (WEBINAR JUNE 15)

REGISTER FOR WEBINAR
Join Steve Spencer on Thursday June 15th at 4:15PM EST for a webinar on how to to make money on the open. He will discuss the following:

Learn why many traders struggle to generate profits during the first 15 minutes
How to formulate a plan to trade the first 15 minutes
How to control risk during the open
How to drill down to the exact setups and the exact prices to trade
Learn if the open is right for you to trade

See you there!

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SMB Capital