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Yes. Crazy. A lot of of people must have lost a lot of money last month on that prior CPI drop. Hopefully, some learned that lesson and didn't repeat it this month, but I imagine many lost a lot today as well.

Lots of people, i.e., the crowd, usually get it wrong, though.

That was an insane drop. Again. I wonder what the slippage was on that for anyone with market orders. Glad I had the judgement to go flat going into that. And my sympathies to any longs holding into this. There's always been some spikey action on certain reports pre-market, but these last two...

You holding that into the report? I think you said you don't trade futures, but I wonder how much slippage there was on stops after last month's CPI report. I imagine it must have been considerable.

That's a 1-minute chart, though. And doesn't show where we're at in the daily cycle. Last month's CPI was released following a strong multi-day bear market rally. This month's CPI is coming off a strong drop near year lows. Sell the rumor, buy the news. Holding through the report is probably...

I was long from 92, but stopped out on a trailing stop. Got back in on the long side where I exited as the market stalled. I think this trade could easily be worth 100 points to the upside, but it's just too risky to hold into this report coming up. Last month's CPI tanked the market, but, that...

What’s your favorite market currently? If you had to choose only one market which would you choose? Would be interesting to know considering how many you follow/trade.

I asked about slippage related to the prior CPI report, but received no serious answer... :) Let's say you're long from 3590 and you're 20-25 points in profit by the report. Is it safe to hold it with a breakeven stop (20 points away from the last traded price) in order to gamble on a spike up...

Beautiful R/R on a long down here, yes?

Could be. Any pointers on how to adress that? The real damage was done pre-market and yesterday (also pre-market) trading when I shouldn't be trading. Made some bad decisions that compounded themselves and carried them with me into today's RTH session. I recognized we were reversing higher off...

Quoted for truth. This session have been a curve-ball to put it mildly. Not for newbies (like me)... :)

I think I said earlier in the thread that this market can turn on a dime and that is still my view. As such, I don't try to hold too strong opinions about medium/long-term direction in this environment. We have some numbers coming up tomorrow and Thursday which is likely to reverse this very...

Surprised?

And signing off. My market read have been way off today. I knew this was a tricky spot, so I should have known better. Hope the rest of you had a more profitable day/week so far. Stay safe.

Like now... :mad: Not easy to hold short through these spikes. I have 03/05 as some kind of line in the sand for today. If we trade above that and get continuation higher, I would assume we're done below. Right now, this is a range bound mess which may continue for a few hours until marking...

Dude. That's all you ever say... :) Didn't you have some grand short target way lower...?

50 % reversal almost to the tick. Technical trading. Let's see if we can get some continuation lower now. If we put in a higher low now and trade back into yesterday's range I suppose all bets to the downside are off for the day. It looks OKAY for now, but I'm very wary of these violent...

I'm eyeing that level, too. It's the year low in ETH/24/7 charts. Cash charts are in nowhere-land, though. With no major support until 3500. The problem is there's no real panic, though. So this isn't an easy short by any means. The last time we made new lows on the year it was a mess.

Algos mostly, I hope. Plenty of good long opportunities in this environment, though. Today is shaping up to be a trend day, though. At least it is so far.

3571,75. This year's ETH low. Those dreaming of a double bottom on the daily just got their dream crushed. We can easily see 3500 today if 70 doesn't hold. Or what say ye?