elovemer

manage again at 90.5 + 6.5 = 97

full move on TF ............. .............. ........... will give some support to ES here... possibly ...edit...TF is russell2000 futures

00.25 80.25 possible globex range

globex signal is 99.5.....90.5--89.5 ................look at trend 9/18 sma manage at 93.5

91.25.....01.25 next short 96.25.......86.25 next long

.... important to move stops on this .... trade management

manage 94.5..... ... manage again 91.25 plus 6.5 ... 97.75

92.5 ..... 6.5 manage...... 99

rth 01.5.........91.5 manage..... 94.5 this is the hard trade to take .................................. amounts to a globex 50% retrace then a rth 50% retrace ..from 84.25

92.5....02.5 .. but have to be careful.... because may be better to hold on .. rather than reverse.... ... inside action ... going to outside action .... can blow thru

if trader is somehow magically filled at the low tick .... management at 95.5

01.5.....92.5--91.5 st 3 pnt you can't get filled if the low tick is 9 points ....................... which brings up another point.... you can split your entry... some at 9 and more at 10 ....

bounce on 50% twice .......... ..........

95.5 ....05.5--04.5 ........... .............

............ ............... ..............

... when there is a slight trend but not too strong... which persists day to day. ... that's when it is important to take the reversal trades as a means to fund entries in the direction of trend. ... if the trend continues... .the trader can just repeat this process until it fails. ... if the trader has a 4 point gain on a reversal trade and then reverses to go with the trend, the trader using a 3 point stop can allow the bears 7 points from the last pivot high .... usually 6.5 points is enough to allow the trend to return

..once the swing turn is in.... there are not many ten moves against the direction of trend ... until it gets near the upper range of the swing the 50% level of the last move is usually the level to watch for a return to the direction of the trend

... if trader misjudges trend... and does not reverse position at 4-5 points trader can still reverse remainder of position at BE stop price ... more risky but can still have chance to catch next move in direction of trend on the remainder position ... especially if 20 point globex range favors more room to the upside rather than downside range expansion ... if range is already used up including lower price range, then more risky to reverse position ........................... right now possible range is 82---02

84.25 ....94.25 .... only minimal pullback could reverse to long at 91.25 ... 4 points ............................ 91....01 next short

..... the 92 short is good... because if it has not pulled back yet once rth opens, then you have two gaps below and the chance of getting a full move and maybe more

... if the trader feels that there is trend.... .... it is important to take the reversal trades, if only as a means to pay for a stop on an entry in the direction of trend .... this way you get a small gain (or loss), with hopes to make a larger one on top of it .... it is when the trend is very strong and fast, that it is better to stay out.... ...... you can't know this in advance but once it is known, it is better to take heed of it ... if you can take a reversal trade and then enter with the trend on a 50% pullback of the move...... you stand to catch the next 10 point move ... if you don't know if there is trend or not, then taking the reversal trade is like swinging over and over until you catch the one which is the turn... that is why the trade management aspect is so important. .... waiting to catch the one which is the real turn, can be costly without good trade management ..... this also brings up trade size management. 3 points is the minimum needed to move the stop. .... if it is 3 points from the turn, you can move stop to the turn. ... if it goes 3 points from the entry, you can move stop to BE (how different the turn and entry points will be will obviously depend on how far past 9 or 10 points the turn was) .... if you are trading halves, then you can take half off when you get a 3 point gain and see what happens on the remainder ... if you are not trading halves, then you can take more off when you get a 6.5 point gain ... beyond 6.5 points, there is a good chance of going the full 10 points. ... beyond 3 points, there is a good chance to go 6.5 points .... the key is to manage your size so that if you have a chance for a 3 point gain, you take it rather than let the entire size be subsequently stopped out .... this is because you will also have trades where you just get stuck with a 3 point loss ..... it is important to cover the cost of getting stopped out... ...another note is that when you get the really strong moves of 20 points with minimal pullback, it is a signal that a swing turn is near.... .... this can be seen by recent action going into this week.

77.75....87.75 82.......92 on the 92 short... ... reversing to long at 50% pullback is risky because again you have not one but two gaps below now

84.75 ........74.75 .......... ...........

77.75 .....87.75 .......... .............

if trader believes there is trend. then trader reverses to long at 83.5.....4-5.....79.5-78.5 and uses a 3 point stop again