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Target 4 points, 64.50 so we have to see 65.00 to have a chance to get it.

Break even stop now at 60.50 that covers my commission too, not going to play the cat and mouse game.

When I take a trade late in the day I never risk much because there's not enough time to make another trade. Right now if there are enough sellers at the 5 minute upper Bollinger Band to break the 1500 Low by more than 2 ticks I don't want it. But I understand by folks selling it at the upper...

We get above 62.00 and it may run, that was an easy reversal to take at 1500 with only a few ticks to risk.

No clear path on the ES until after 1500, so I expect it will swing back and forth.

If the ES breaks above 64.25 ( the Low of the 30 Minute 1030 price bar) then the short position is in jeopardy and they could continue up until 1330, otherwise it will stay down until 1400. You would place a break even stop on that 2nd Crude trade.

The complexities are great in these markets but the charts I posted the past few days simplify them. The market will go either Peak to Peak or Valley to Valley, and if anything gets out of line be suspect, because it may signal a change in how the market will trade. In the ES I thought 0830...

They sold the 1030 ES Peak and broke the 0830 Low this market could go down now until 1400, Peak to Peak, instead of the Valley to Valley. Crude corrected at 1100 as expected and should resume it's move up until 1230. The dynamic changed on the ES. Always protect yourself at all times in these...

ES was tricky, chart wise it was hard to say which way it would go but one thing you did know was 0830 was the pivot for the move. A break above it after the open was a long or a breakdown below it was a sell. This move goes up until 1330, with a correction around 1030 or so

Crude should go up until 1230, with a correction around 1100.

The reason why it looked like the perfect buy was because the Peak to Peak and Valley to Valley Highs to Lows were completed.

0900 Peak on Crude, looked like the perfect buy.

I predicted yesterday would be up and obviously I was wrong. However the charts I posted yesterday and today will tell you when turning point Highs and Lows will occur. No need for the Red Line. Here is a very simple way to look at these charts. A complete cycle High to Low or Low to High...

Here is what I am recognizing about the charts I posted. Instead of them telling you the trend they are showing you all of the price swings keying off of the peaks and valleys of those charts. Even with Crude's sell off this morning, look at how it would reverse off of the counter move at the...

What I just described to Trackstar just happened in the Crude Oil market during 2130 on the chart and we began moving down.

Thank you Trackstar. Yes you are correct in saying when the data point line on the chart, (not the polynomial line) is moving higher, price will be moving lower with the opposite being true, with the data point line moving lower, prices will be moving higher. When the data point line crosses...

Based on the ES and Crude Charts, I believe both will be up on Monday. I decided not to attempt to go into detail and describe all the turns because I realize it's not necessary. If I know in advance that a market is going to be up for the day I should be able to profit from it. The charts are...

I did read the entire article and here are my thoughts about it. No distinction was made or addressed about the difference between wealth and prosperity. Prosperity = Being Rich. The wealthy may make significant sums of money, but many of the wealthy are very poor in many respects. I understand...

On Monday before the intraday session begins I will indicate where the Price Highs and Lows will be for the ES and Crude. Did you like that 1410 bar on Crude? Price action folks and trend traders kept pushing it down but it's time was way past due to continue down and so that is what happens.

ES tops out at 1430, but you may get a rally after 1600, Crude bottoms at 1330.