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At last, what a frustrating afternoon! If one can survive the chop, he will probably be OK at other times :)

Short 1342 off 5 50% size, stop near 1344.5, hard stop +10 -2.5 re-entered full position off 5, same stops Yes!! C'MON!! Scaled out +2

Short 1343.5 off 5, stop near 1344.5, hard stop +6 b/e don't like it 1m points to bounce off TL + it's bloody slow

1/3 -2

"Support!!!" T. Cruise Goodbye

Short 1343.5 of 3, stop near 1344.5, hard stop +10 -1.5 I see your post V, I'll do it later today, I am looking for re-entry here re-entered same stops 3rd lower peak on 2 complete, waiting on 3m now C'MON BEARS!!!!!!!!!!!!!!!!!! Scaled out 2/3 +2

3m chart putting in a 3 lower peak within a descending triangle, watching 1m chart now for entry 1.07pm

I am waiting upon daily chart's histogram to either rise towards centreline or decline towards it creating a pattern that normally provides either conviction of strength or weakness, here is an example of bearish indication, turn it upside down & below centreline & you will have a bullish...

This does look like a descending triangle in a bear intraday trend, so Wolfe does stand a chance here, when looking on 5m chart I can see 3 attempt of swing towards 45-46, perhaps headfaking a bit higher & then putting in 3rd lower peak in histogram & by 1.30-2pm continuing with predominant trend.

Going by rules of Wolfe & this being a pennant within a downward trend price is expected to go lower. But I personally do not put much value in Wolfe waves, sometimes they measure quite accurately oscillations within a flag/pennant, other times they don't, I don't have any back-tested data...

BTW Vertigo, I see a possible Wolfe within this pennant, for it to be book perfect price needs to make one more stab at 1345-46

pennant & histo looks like we go down from it, not taking the trade though

1/3 -.0.25

I think I would be forced to :)

TY Mins, personally I don't see the point in back-testing, I understand how a market works to a degree that makes sense to me to participate via methods that show weakening price action in combination of price & indicator, I know what an average oscillation in an active market may serve as a...

Here is visual of 1m, basically re-entering dominant trend for the day was the idea after the bounce, 1m' histogram provided a perfect lead for a heat-free entry. From what I have seen so far on days like today there is ongoing selling pressure into midday, hence price collapses pretty quick...

So what you say is that discretional traders ultimately are all losers?

1/3 +3.25 reversed Short 1346 off 1, stop near 1348, hard stop +10 Scaled out 2/3 +4 Seen this before when they push it into lunch

Kinggyppo, TY for spoiling my day, that woman is the ugliest one I've ever seen

One has to know which camp he belongs to, I am with pikers piggy backing all the way