Recent content by CheatWallStreet

And now it's exploded the upside. Lord almighty I am rusty. It's hit my resistance line at 2914.50, but 2912 (the weekly close of two weeks ago as well as Thursday's high) "should" be a support line. We'll wait for what we hope will be a less asinine entry.

Just looking at that chart's giving me an embolism, I hate mapping out "possible paths" as it just seems like so much speculative fiction. Bottom line, price approaches key level, wait for buying or selling pressure and respond accordingly. Operative verb: "wait." Not rocket science...

Ok, it's been a while (long story) but I'm back in the game. Just went short at 2910.25. Too much overhead resistance for a jump quite yet. A drop to at least Thursday's opening 30-min range mid is in order (2906.25). ES/NQ/YM hovering just below the respective Thursday's opening range high...

I've yet to read it but I will. The author, Larry Chan, is a serious guy with solid ideas. He's worth my time.

What about MontreaL?

Tomorrow's early forecast. Comments, complaints, ridicule welcomed... http://cheatwallstreet.com/2017/12/05/early-es-emini-forecast-for-12-06-17/

In my view, +1 tick is a "scratch trade." Anything less is a loss. But I'm a hard-ass.

Idea #3 It's still the bull's game to lose...

in other words, balance, imbalance. Channels, Levels... Did i overlook something?

Idea #2... Bottom line: 2388 to 2398 is the mother of all chop zones. Engage within that area only from the periphery to balance, and only for scalps.

That about sums it up: Mexican standoff.

It's remarkably awful. But if you're careful, it can be scalped efficiently.

Long-time lurker, throwing his two cents into the ring. Not a journal of trades so much as a journal of thoughts about the ES/SPY/SPX financial-industrial complex. These are my thoughts as they happen. I'll consider myself fortunate if I'm right as often as I'm wrong. These ideas help me...