Search results

I want a long entry here (16) and I'm tempted to take it, but I don't want to become a bag holder here. So, waiting for the Open. So far this year we haven't had many large gap ups on the Open. Only 5/35 exceeding 20 points.

Good stuff. As a n00b, I'd say you're doing better than many "intermediate" players! :)

Is feel something you generally use for your trades? You seem to have pretty good entries most of the time. I was long and just stopped out B/E. Still leaning long, but no way I'm going to enter anything inside this mess and get chopped to pieces. Let's see where RTH opens.

Big move coming out of this swing low unless the ### in 11 minute should disappoint.

That's all very speculative. Again, I invite you to extend your repertoire from bull market and bear market and include range bound market in your vocabulary. Because that's what this is, IMO. Yesterday, when sentiment was fairly bearish here in the journal we likely came into a range low and...

The ony problem here, buddy, is that the lower line was drawn today. Your bull flag didn't look like that by start of this week. If these lines are to be used or trusted, we can't be fitting them as we please, can we? I think they are more indicative than precise, though. If I had deep pockets...

Mickey Mouse called the top. 200 points lower he's finally getting bearish. Is he now calling the low...? Stay tuned... :) PS: The only reason I'm giving him a hard time is because he's constantly criticizing every other method and because he blocked me for no real reason saying I'm full of...

It's been consistently wrong on every call on this thread. Okay. Maybe he got one out of ten right, but certainly far worse than a coin toss. Incredibly, the same guy is bashing TA/PA every chance he gets. Seeing that he's now bearish and a lot of other people starting to become bearish, too...

You have to be really creative and hopeful if you're going to keep saying it didn't already fail when it failed yesterday. :) Of course, the market can trade back up there from here and breakout, but surely the bull flag is no longer existent? If you want to get really creative one could...

There was an interview with a Hedge Fund Market Wizard who would always stop himself out of profitable plays by using too tight stops and one of the things he had to come to terms with was that if he wanted to play he needed to be willing to accept the required risk on a trade. I recognized...

Intuitively, one might reason that if we were to see a rally today we'd be on our way already. Barely an hour left for today. A drop seems more likely. It will happen without me participating, though.

Covered that B/E. Looking to re-enter long on a second reversal. Not shorting this today, although I can see the short side.

I longed 4002. Tight stop. Will add if we pick up a direction.

Yeah. You got a good entry on your short. Should be holding it comfortably if we break. Taking it's time, though, and no way I'm shorting down here. Clearly a level of interest and where we can see a big bid coming.

Would be odd if we dont make a new HOD or LOD by the Close, right?

And stopped out. Working a buy stop above market for a re-entry if the LOD holds. Maybe the next one'll get legs. Just don't have the guts to sell this today for some reason.

Okay. I got a long entry. Let's see if we can get legs. Targeting 4060. Maybe we'll just range around here. That would be a disappointment.

The market appears to be at an inflection point here. So far, the FOMC minutes was not a good excuse for a rally. Breaking below 4K a second time I'd assume could get legs. Careful. :)

I wouldn't say this was a no-brainer like @schizo said... :) I wasn't around until now, but am stalking the long side here on a pullback. Might wait until post FOMC minutes. Outside Day potential to the upside, i.e., >= 4060, but those minutes can easily trigger a sell as well.

By tomorrow’s Open I do mean RTH. That’s in 15 hours. Not every day trades below the prior day low. So, not a no brainer in my book. Although like I said I think it’s likely for tomorrow. Could be a great buy, though.