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Interesting development. Almost Outside Day. Open gap below @ 3880.

Bracketing long orders here. Buy stop @ 21.50. Buy limit @ 15. Tight stops.

Buy zone @ 3915/3912. Not chasing a long up here. Might even short this for a change.

While this market is overextended - this seems to be a solid up trend still, so I'll probably try to enter long on a pullback. We have 7 'Up Days' in a row here. Very bullish. The key takeaway from looking at some data yesterday is that this does not necessarily set up a sell/retracement and we...

You seem to manage risk and drawdown fairly well. Your problem, as I'm sure you're aware of, is that you're just a few normal losing days from blowing up. An easy solution to that is to simply trade micros for a while. Regarding NQ vs ES it's an interesting question. I think it depends a bit on...

Allright. :) No, I do not know that one. I'll look it up.

I thought you retired? :) I like the R/R on a short in this area, but not expecting the end of the world.

Personally, I feel we're in a tricky spot at the moment. Hard to commit to the long side after last week's monster move with all the air we left behind below. At the same time I'm too terrified to short this beast. LOL. Probably a good week to stay nimble and bank some profits on scalps. But I...

The T-Day Boyz want their green, but this one may not close green. Potential reversal area, IMO. Could be one of those days where they pull the rug. 3911-3915 for my upside target. Let's see if we can get at least that first. Fairly range bound day so far. Cleaner up trend on NQ.

What was your play? I was bearish going into last week, but switched to the 'bull template' for the week already on Monday. I thought your OP was meant humorous. Generally, the problem with every top call is timing. Same with those signs you posted. The market can stay irrational for longer...

As I day trade only - it's sufficient for me. I could trade other markets, but I would expect to spend some time updating my data and getting to know that market. For example, I track NQ and watch the ES/NQ spread, but I'm no expert on NQ and I've seen that some of the behavior or statistical...

I wouldn't characterize my approach as 'gambling on charts'. I think the key to profit in any market is a deep understanding of how it moves. My model/system/associated statistics is tailored for ES. As such, I couldn't simply move to another market which I don't know the first thing about and...

Buy zone here. Might get 80.

Long 89. Risk 5. May be a tad too early. We'll see. EDIT: B/E now. Rinse/repeat if stopped.

Thank you for that detailed explanation, Fonz. :)

And out. Looks like a good day to do something else. My main hypothesis is that today will be a grind and range bound session with narrow ranges, but probably with a close above 3898. Other scenarios would be a move higher or a drop towards 3880. Good luck all. :)

3 scalp longs done. Sub-optimal entry (01,50) on my last long, but I think I will be made whole. Exit @ 3904-05. I intuit that we may have limited up-side today and should/could be seeing some consolidation after last week's monster move.

Long on next pullback. 96 or 88. 'Dangerous' below 88.

Next week should be a trading range, but odds favour up instead of down as soon as we pick a direction for the next major leg up or down.

Care to elaborate on the differences you've found between NQ/YM?