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Whippy moves. Running stops left and right. I just don't have the conviction to short this. I'm waiting to see if we can trade higher to enter a long, but not entering anything inside this mess right now.

Yes, agree. However, I'm sure whatever Powell says today could change that. I'm not sure if his talk will be a non-event or not. But he can sure move the markets if he slips his tongue.

Are you still looking short and considering the trend down? I re-entered a swing long at 3900. Will add on a breakout above 3915/20. Small size (MES). From my POV, the trend is not down on the hourly. It's range bound and possibly turning higher. The problem with trend trading is that by...

Agreed. However, I'd say that the market is more range bound than trending lately. There's no clear direction to me on the daily. If anything, it seems like we're going higher on the daily chart. At any rate you're calling this as a down day then?

Interesting take. It's the first time I'm hearing it put this way.

On which time frame?

Late shorts and bottom pickers hurting equally here. I'm flat here as my crystal ball is fuzzy. I'm leaning short, but there's always the chance that this is just a deep pullback of the range high (which isn't an exact level anyhow).

Scratched this for a small loss at 95. It turned out to be a weak bounce and the range low didn't hold. It appears to me there's too much downside momentum on higher time frames to reverse this here.

Ranging / flagging. We might be stuck here until Powell starts talking. I'm not sure if Powell today will be a non-event or not, but I'm sure he could mark out the next major move up or down by a few words alone.

It's EliteTrader. Hostility and condescending remarks are the norm here, not love. I don't see too much of it in this thread, though. Consider it tough love. What if someone showed up here and said they read a few books on being a surgeon, have practiced on a few dead animals and now want to...

Retraced back to the range high where we broke out last week and reversed. It's a weak bounce for now, so let's see if it holds or not from here. I'm once again trying to leg into a weekly swing long here around 3910. Wrong around 3890/95.

Interesting development in the afternoon session. Back to back trend days are rare, so it should be no surprise that we stalled here and closed pretty much unchanged for the week at Friday's Close. Personally, I'll easily admit that I was thinking we'd see continuation on this breakout. That...

How about 3 - 6 years? Still interested? 6 months is nothing in this game. To be honest, you're still a babe in the woods and you can inflict tremendous hurt upon yourself if you start swinging any serious size. Short term trading index futures consistently is very difficult and you need to...

I've read most of his posts and it's not gibberish to me... :) From what I understand the system isn't automated either, but a semi-discretionary system. Maybe he'll have something to add on the subject.

Not sure how long he'll be talking, though.

Because I'm a p**sy and because I hate losing... :) I planned to re-enter a weekly swing long, but got busy with day trading and didn't feel the entry was as sexy around 50. I may re-initiate a swing long later, but not at this price. Let's see how the week plays out. A lot can happen between...

Stopped out this one for one point profit on a total of 3 MES contracts after adding. Obviously, now I regret not giving it a bit more room, but I was thinking we might pull back all the way to Friday's Close on a pullback. It's not impossible we have the week low already. Made a few bucks day...

Lots of lines to choose from, though. Just by coincidence price may bounce off one. Simply put: How would you know to buy around the yellow one and not the next red one below? If the answer is that price slowed down there and put in higher low. Well, wouldn't that be the case even if there...

Never mind the Fibs. Personally, I only like the 50 % (which some may argue isn't even a Fib). This trade seems too obvious, now. So, maybe it won't play out.

Hungry dip buyers lurking below. They must have read @schizo's call... :)