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shorted 1407.00 lost 1.25 pts, re-shorted 1407.25.. scale , 1405.00, nxt 1402.75 in front of CLVN 1401.75... nxt 98.50 area...

 

If I see rotation to 1406 area + mid-point might add... :helloooo:

 

 

...press the [RED] button please...

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shorted 1407.00 lost 1.25 pts, re-shorted 1407.25.. scale , 1405.00, nxt 1402.75 in front of CLVN 1401.75... nxt 98.50 area...

 

If I see rotation to 1406 area + mid-point might add... :helloooo:

 

I am now not so sure about short before long... 3 separate 1-ticks below, trying to break to new lows, and nothing doing... if it gets above 1406 and holds, I'll be a buyer from here.

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Don't look now, but the overnight low is a to the tick 38.2% retracement of last week's low to the 1420 high... ahh, love those fibonacci traders who brilliantly think that 38.2 and 61.8 actually hold some special meaning in finance! :D

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Daytrade the emini? Do not do it. It is TOO dangerous. It is a gamble. You could lose money.

 

Then follow your beliefs: Don't Trade It... Right thing for you..

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Don't look now, but the overnight low is a to the tick 38.2% retracement of last week's low to the 1420 high... ahh, love those fibonacci traders who brilliantly think that 38.2 and 61.8 actually hold some special meaning in finance! :D

 

I use fibbos as point of reference most of the time josh, unless they line up with other things, I don't trade off them. There are some that work well alot of the time. For example, after a decent move, the 78.6% ret holds in ES many times(no stats- maybe we can do some). You don't have to use it and I wouldn't blame you for not. But there are people who can make money using MA's. So it's different strokes you know.

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Daytrade the emini? Do not do it. It is TOO dangerous. It is a gamble. You could lose money.

 

Haha, I missed this one! To some, trading any product is too dangerous and that's true if you don't know what you are doing(and sometimes even when you do:crap:)

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bailed just below the low, 03.50

 

Good risk management..I feel like a cork in a tempest today... :helloooo:

 

UPdate: Pulled my stop to B/E 1405.00 since I have poor trade location & we bounced off CLVN 1401.75..glad I scaled in front there... just in case

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I use fibbos as point of reference most of the time josh, unless they line up with other things, I don't trade off them. There are some that work well alot of the time. For example, after a decent move, the 78.6% ret holds in ES many times(no stats- maybe we can do some). You don't have to use it and I wouldn't blame you for not. But there are people who can make money using MA's. So it's different strokes you know.

 

I use sense of smell... sometimes these trades stink or is it me??? :rofl:

 

N: N: SOme people use Everything but the kitchen sink.. In fact watch for my new trading book: "Trading With Everything Including The Kitchen Sink." :helloooo:

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Scaled 2/3 @ 1402.50 as prev posted...last scale target 99.00 in front of NVPOC 98.50, CHVN 98.50 & naked close 97.75...that's all I know..:missy:

 

Covered half at 1403. Holding rest for about another 15 minutes before re-evaluating. Shooting for 1400, then plan to get long...

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I have bought 1402.25, but do not have that "sunshine" feeling yet.

 

1394 looks tempting, doesn't it?

 

94.00 looks like a bit of a reach but ACH but technically it is possible...

 

I personally always look at this as the necessary rotations to fry the weak hands and for the big boys to load up..doesn't mean that is what it is... in a Up Trend, with the power we've seen then the extended target "might" be tougher to get to..like that NVPOC @ 77.00 we were looking for on Friday or whenever.. I try to put these targets in context of the bigger picture but I am blessed with the knowledge that I know I don't know...

 

The clusters of stops to me are the high probability targets and as we go further out the probabilities go down, especially if you consider this a counter-trend rotation, IMHO. :2c:

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Covered half at 1403. Holding rest for about another 15 minutes before re-evaluating. Shooting for 1400, then plan to get long...

 

I'm sure you have a good reason for picking a level to go long at that level... WOuld you mind sharing Why? Tx

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1403.75 IBL & current MP lvn is an interesting spot to consider an add or is taken out I am off the short & will stop out B/E on last 1/3... :helloooo:

 

 

15m bar very imp't here.

 

Bailed balance 1401.75..not sure it is over to the downside but we tested key 15m bar so rotation up possible to test IBL... IMHO ..

Edited by roztom

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Here's some "Market Logic." :confused: Since we failed to make a new low on that test of the low especially against the 15m bar...something I personall like to read...then the path of least resistence is to rotate up for the stops on the interday shorts - weak hands...how far do we rotate? Where would they be sitting? IBL & 1405 -1406.00 IMHO

 

If you look at 15m bars, imho you often can clearly see where the nearby Swing H/L is that most interday stops will be clustered at..that along with the VP is where I look for continuation trades or if violated by more than a few ticks the possibility of a change in Trend.. interday... not that any of this matters - pure conjecture... :missy:

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I use sense of smell... sometimes these trades stink or is it me??? :rofl:

 

N: N: SOme people use Everything but the kitchen sink.. In fact watch for my new trading book: "Trading With Everything Including The Kitchen Sink." :helloooo:

 

Yeah, absolutely. Trouble is that many things look plausible but it's important to separate those from what's actually useful for your trading.

 

As far as lower targets being possible, well possibly. I think that it did look like they were going to turn it around back through the 1.50's and into IB, but the longer it holds below the more the chance is of a flush. 99, 98.75, 97.75 etc all confluence and then it be a lower target of 94/95 area. A clean swing above the IBL and I'd think we'd be heading for the 10's and tues vpoc (and current high at the very least).

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