DislikedScenario 1. Price corrects into the next support and long setup at the 1632 area (with a stop below 1622) and then continue higher into previous highs at 1670s or even continue into the first and second targets respectively at 1689 and 1719.Ignored
a quick update on ES setup. So far the e-mini is playing according to scenario 1 and we have targets above. I will keep following this scenario unless we hit the stop (move below 1622).
Therefore my latest analysis at: http://elitefive.wordpress.com/2013/...lish-language/ is still valid.
I wanted to let you know that I have also started a thread called "Key Concepts to Correct Trading Behavior - by FibStalker" (http://www.forexfactory.com/showthread.php?t=428085).
Moreover I have just released a free eBook titled: "Key Concepts to Correct Trading Behavior – A guide to relevant concepts for trading success in a market governed by High Frequency Trading (HFT) and Program Trading" which can be downloaded from my blog: http://elitefive.wordpress.com
Let me know what you think about it and if you find it helpful/useful.
Good luck.
-fibstalker
"markets traded by programs/HFT offer a significant trading edge..."