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I could be wrong of course and ach, but it's always worthwhile bearing in mind on a reversal.

 

I love Josh's "...ACH" caveat...very pertinent. Tom's "...the enemy is me..." quote is also right on the mark.

 

Fun day to see where we go from here...I probably need to go buy a helmet so I can join Tom. :)

 

CYP

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I love Josh's "...ACH" caveat...very pertinent. Tom's "...the enemy is me..." quote is also right on the mark.

 

Fun day to see where we go from here...I probably need to go buy a helmet so I can join Tom. :)

 

CYP

 

LOL..I'm looking into used Fallout Shelters...need to upgrade... :rofl:

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88.50 - 89.00 is where cheap stops should be..that is where I am going to initially stalk long... :helloooo:

 

tested 88.50..long 89.50 helmet on...

 

EDIT: If it breaks down further I will dump these & position at next area down 85.75 - 86.50

Edited by roztom

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88.50 - 89.00 is where cheap stops should be..that is where I am going to initially stalk long... :helloooo:

 

tested 88.50..long 89.50 helmet on...

 

EDIT: If it breaks down further I will dump these & position at next area down 85.75 - 86.50

 

If this bum holds it together I am going to scale @ just before HOD and then will target 94.00 area ..very long shot 97.00 - 98.50..

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N: What do you make of that drop in Delta that just happened?

 

Not much. I think someone might have been getting cold feet. Possibly a broker executing? Dunno. I think though, if it hits the 27.2% IB ex and it's weak, it doesn't get back up. ach

 

Edit: Plus I forgot to mention that the drop wasn't much in relative terms.

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JOsh: I want to revisit our conversation about yesterdays low not being a good low..which was a good reason to think it would get tested... now todays - well tail of the tape......

 

Hindsight being 20/20 I fixated on the NVPOC 77.00 and disregarded the single @ 80.25for another scale..I cost myself big and it was right there in front of me...

 

That is the stuff that drives me nuts.. IT's one thing not to know this stuff but the worst is when it doesn't register eventhough I'm looking right at it...

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Well I've got a good scale out so I'm now targeting before the CLVN @ 94.25... Then a runner for 97.75 naked close + NVPOC98.50 - the Hail Mary Pass....

 

Yes...the classic "hail mary pass" trading technique... You are really digging deep, Tom. I love it!!! :)

 

Still holding from my poor 90.5 long entry...but oh well, at least I'm on the correct side of the market (for now)...

 

CYP

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The question as of 12:17cst is wheather we are going to rotate around this upper balance area or sit up here.. we don't have any kind of a decent high yet but we are heading into the lunch potential counter-rotation time of day...

 

However, The market structure doesn't necessarily lend it to much rotation at the moment but ACH - right...

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:(This thing is tall & skinney - typical trend day.. that rotation we had was a reach... 88.50...this is primed IMHO but I might be drunk with Long Fever...

 

We're bumping up @ CHVN 92.25 but IMHO it is not much of a barrier also it's Tuesdays low..so we should pause here...

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:(This thing is tall & skinney - typical trend day.. that rotation we had was a reach... 88.50...this is primed IMHO but I might be drunk with Long Fever...

 

We're bumping up @ CHVN 92.25 but IMHO it is not much of a barrier also it's Tuesdays low..so we should pause here...

 

It's also the 38.2% IB ex and 50% of the weds/thurs gap...

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It's also the 38.2% IB ex and 50% of the weds/thurs gap...

 

This 93.00 we just put in had a reasonable rejection... I considered pulling the trigger on part of my position..this is a bit testy since I have a plan, etc but now it will rotate..the problem of course - how far ..If I sell and we have a shallow rotation I give up potential location - if this is it then I am going to watch open trade profits evaporate..just the issue that always stalks....

 

The 94.25 CLVN is a important number plus the low of the gap.. it is difficult for me to think it won't get tested... that is the dividing line IMHO... :2c:

Edited by roztom

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Yesterday's high was 90.75 as was last 30mins low meaning we would prefer to stay above for the ol' "one time-framing" to persist(I know it took it by a couple of ticks on the rotation to 88.50 but like Tom suggested, that could have been orchestrated anyway). Coming up on the hour, could be an important point.

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I really don't want to see 88.25 again... but based on structure this rotation "could be about it" give or take a few ticks to 89.00 area again..

 

Since I scaled 1/3 of my position I am going to see how we behave here and potentially put it back on... sine I have taken some risk off the table... will see..

 

Edit: I didn't get enough of a pullbk to add..i thought 90.00 would get ticked and I got another buy at 91.25 but not enough room with next target close & risk out of whack..imho... so just hanging out with my next scale 93.50... then Hail Mary pass..

Edited by roztom

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