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We are about to open with a large gap down. Days like these usually end up being trend days (up or down). Gap outside of prev day range and below S2 are less likely to fill. We have a report at 10 to watch out for The levels for today are 1180-1185 at the bottom and 1225-1230 at the top...

I'd say test of AH high sounds reasonable.

Once again, the expected move to 1230 happened overnight and we have a big gap now. A large gap opening from yesterday's close represents extreme behavior and often results in a trend day in either direction. But as I type this the gap is getting smaller, so it's very likely to fill now and then...

Tomorrow is OpEx, it has a bearish bias for the first 45 min and then usually a trend less day with big up and down swings. After such a big drop some consolidation or pull back is due. We probably will retest the "thin" 25-30 zone above and potentially 1195- 1200 below. 1206-1216 was the...

P&L 0 points My target from the last night for the sell off today to 1220 and below was reached today, but I've failed to capitalize on it. I was too eager to sell and didn't have enough patience to wait for a proper set up. I got stopped out on a few trades, so when I finally got my trade...

The expected pullback to 40 happened overnight and then we sold off to 1220. The down gap is turning into an up gap now and testing the trend line since yesterday. If it breaks it, it may go to test yesterday's 50% at 1245. So 1242-1245 is the level to watch today for a reversal to take...

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11/16/11 The day closed at the low, very weak close - 20 points sharp drop. 2d day close below PP Close below weekly PP Broke the wedge, triangle, trend line on the hourly charts Target for this sell off is weekly S2, 50% expansion below last week’s low, monthly PP, 50 day MA, all ~...

I've been away for a while, taking a break and studying the markets. I'll be posting my end of day trades updates soon. I will also be posting my end of day and premarket analysis. All constructive criticism and comments are welcome.

you can't lose! :) :) :)

Makes sense now, I must have misunderstood what he was saying.

You are completely denying the value of teachers and education and think that everyone should reinvent their own bike??? now you are just as extreme as guru seeking people.

so you don't believe people can share their trading strategy and hep you without expecting anything in return?

Buy1Sell2, what do you mean???

thanks for your comments, I'm working on self-analysis and I also need to think about it and figure out some way to record my thoughts during trading.

P&L -7 points That big green candle after the report got me excited and I bought after a small pullback. Pullback was too shallow to buy so soon, but I yet again didn't want to miss the move. I know it all after the fact, but when I'm in the midst of it, I just don't see it. After that...

speaking of gaps, I think there is one opened around 1254-1244. We can easily drift there on pre-holiday low volume without a major pull back. Something to keep in mind and not try to catch the top.

Another observation is that I was so set on gap fill to come that I was ignoring what was in front of me and it was an uptrend. Need to be more flexible in my expectation and trade what I see.

I need to learn and relearn the lesson of top picking. Instead of trying to pick the top, I need to wait for the market to show weakness and sell pullback instead. You almost always get the same price or just slightly worse, and much higher probability of winning at the same time. I broke...

P&L 0 points