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I hope you managed to get out okay.

 

I think I will... I mean if we go below 21.50 I will most likely give myself a few hour break, but volume just picked up so I think the we should see a nice move up. Not much market moving news so it is taking people awhile to wake up :)

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I think I will... I mean if we go below 21.50 I will most likely give myself a few hour break, but volume just picked up so I think the we should see a nice move up. Not much market moving news so it is taking people awhile to wake up :)

 

I think there are comments etc. coming out of Europe. Just make sure you act on what the market does do rather than what you hope it might do.

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I think there are comments etc. coming out of Europe. Just make sure you act on what the market does do rather than what you hope it might do.

 

No I understand, Greece is said to be pulling out of the Euro though which is speculated good news. Greece, Spain and Asia at least for today I thought was positive

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We did technically just " fill in the gap ". Low 20's are hard support so besides the gap we really have not fluctuated much negatively that is the reason for me still having confidence of a positive day or else I would have done a reversal a long time ago.

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We did technically just " fill in the gap ". Low 20's are hard support so besides the gap we really have not fluctuated much negatively that is the reason for me still having confidence of a positive day or else I would have done a reversal a long time ago.

 

Are you still trading June btw?

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P&L is positive, this is what I like to see! Ok I still believe we should hit mid 30's with ease here shortly...

 

 

On my daytrading timeframes we continue to put in lower highs and lower lows.

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Back to slightly negative lol - Ok I'm telling you I have a strong grasp on the momentums and a long pattern of the markets but I will be convinced after we break 20's now, with the compound of contracts my pivot price ( where I am flat ) is now 24.50. Granted I won't be happy if I get stopped out but 24.50, I could not ask for a better position

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Back to slightly negative lol - Ok I'm telling you I have a strong grasp on the momentums and a long pattern of the markets but I will be convinced after we break 20's now, with the compound of contracts my pivot price ( where I am flat ) is now 24.50. Granted I won't be happy if I get stopped out but 24.50, I could not ask for a better position

 

Nikko, we had an open-test-drive from open. The market is responsively selling after a pretty decent move up (1258.75-1330.00). I think there's at least a few people who think they've got a decent location for their short, don't you? Look, I'm not saying we won't go higher, just that there are a number of reasons right now to go lower. Don't get married to your trade. Btw, I'm not telling you what you should do with your trade because you are the only one who is and can be responsible for it and your actions.

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Yup.

 

Just apart from anything, take a look at the difference in volume between the two...

 

Oh most definitely. I just compounded some more contracts at 21.25 so brings my pivot to 22.75 - I could not ask for a better set-up but will be done trading if it falls below 19 - Still believing in mid 30's

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Thanks Negotiator, but I'm sticking to June... I will trade Sept Next week, so your trading Sept I take it.

 

Sept contract became front month, technically, Thursday @ 9:30am EDT. But it usually takes until the next day for the volume to shift in favor of the new contract. That happened by Friday midday. Still some volume on June but most day traders are on September by now.

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Sept contract became front month, technically, Thursday @ 9:30am EDT. But it usually takes until the next day for the volume to shift in favor of the new contract. That happened by Friday midday. Still some volume on June but most day traders are on September by now.

 

Yeah, well it actually has no difference especially since I do not trade 100 contracts regularly. Plenty of volume and correlation is +/- .25 I do this for my own reasons there is no downfall.

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So I am positive as of 22.75 which is good ( hopefully not only for 2 min like last time ). I do not believe this is a fake so as my initial outlook I feel comfortable with my goals

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It would be key if we could break 25.25, 23.50 seemed to take exactly 4 tests before it broke. That is actually surprising, today is not an easy day, but I could exit with a decent profit. In all reality nothing is stopping us after 25.25 besides a little more resistance at 27.50 but not too much. About time...

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Yes we are showing power here. I thought this was going to happen 3 hours ago I've been waiting wondering how and why we are dropping after the gap... Anyway, we gave it a hard test @ 25.50 so I think we will break through this effortlessly as well, with not much more resistance @ 27.50. I might exit around 27.50 since I'm in deep with the compounding, or at least release half the contracts we will see here shortly

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Today should really revolve around TA as the news is positive and not much to look forward to until the morning. That being said it should be an easy uptrend, yet it is playing with my emotions, :) - Either way I will not exit my positions until my goals are reached or 19, not what I expected initially

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Today should really revolve around TA as the news is positive and not much to look forward to until the morning. That being said it should be an easy uptrend, yet it is playing with my emotions, :) - Either way I will not exit my positions until my goals are reached or 19, not what I expected initially

 

Why do you think the news is positive? It's a sham ... this loan but not a loan .... and the market doesn't buy it.

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