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My God, this 4180 level have been holding like a rock this entire session. Curious if we see a move once the cash session closes. Turned out fairly well with a close at 79.25. Traded poorly today, though. Only had the PM session as I missed the Open, so I got chopped up and took a few stops...

Could be a good spot for a swing trade for sure.

Don't you dare... I need my 4185 first... :)

Drawdown today. Got stopped out for a loss on that spike down honestly thinking we wouldn't drop another time, but I had confidence buying this dip for reasons outlined above. I'm happy if I can get 85 here to make it a green day, but I'm not holding my breath. I do think we're done below now...

Running stops like a mother... :)

Looked weak for a moment there, didn't it? Let's see if the range low holds or not. Got the move out of this range. Unfortunately, the wrong direction for me. Range bound days are my achilles heel. That is, I can buy a low with ease, but selling a range high is a hard trade for me to take...

Statistical model + range bound action + thick support below the LOD + trading green at the moment + intuition/experience. I'm not extremely confident, though, but it would be mildly surprising to me today. Just as surprising as a new HOD would be (also unlikely from my POV). If I were to...

Yeah. I feel fairly confident we don't sell off today. At best a new LOD and then we snap back up. I don't think it's the day to be short. Just not sure we're going to see any juice higher either. Could very well close in this area.

Well, I prefer trends over ranges any day of the week, unless it's a huge range of course... :) I hate this back and forth. What do you see for the close today, buddy? Is there enough juice to push this higher? I fear not today, but I remain hopeful.

Where the whales at, @Master Pu? Is there enough strength to push this to 4200 today?

Spikey! Keeps failing at yesterday's close. Looks like it's getting bought once again, though.

Reversed off it like clockwork. Pullback or reversal? That's the tricky part. Weak reaction for now, so let's see if we can push through on the next attempt.

So, are you looking at a bigger move for today, @Master Pu? FWIW, my view is that the market is predictable, but certainly not at all times. At the end of the day it's only probabilities, though, so that's why one needs to cut losses. Both yesterday and today's afternoon session are days where...

Using that logic nothing is quantifiable as at any given time a huge order could come in. :) I'm not saying we can't see a larger move today, though. I'm just saying it appears less likely from my perspective knowing what I know. If we can start moving above 80 that would excite me. Using...

Range bound...I see some similarities to yesterday so far. I'd say we see some range bound action here before starting a move higher or lower a bit later in the session. Like yesterday, I see some thick support below this area (~ 60-65) with repeated failures to break lower so far, so I'm...

Bombay Stock Exchange, huh? Was Padu part of the study? I don't think there's nothing new in this study. Most would-be traders fail and I'm sure the low barrier of entry is part of the explanation. I'd say that simply opening a trading account doesn't give you the right to call yourself a...

Sounds like technology stocks. I'm flat here. We may blow through the HOD, but my model says it's unlikely, so I'm not going to push it today in case it actually works. NQ is still lagging behind, so I'm not convinced there's enough strength to push higher today.

Sounds good. You're not a directional day trader, so I don't imagine double tops or SMAs would do you any good anyway. Neither play a role in my repertoire, so if you want to offend me you need to come up with something else. :) We probably have the LOD in for today, but the chance of taking...

A bit more complex than that. I had high probabilities of a new low and that happened. I'm not always able to stay mechanical/objective, though. What's your call for the day/week?

Another FBO at the LOD. NQ higher low. Very uneventful day so far. Trapping both longs and shorts.