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And a nightmare for some, I suppose. A bit too jumpy for me today. Got chopped up using too tight stops. Sidelined and waiting for an opportunity now. With that gap filled we could rally from here, but at the moment this looks like a larger flag building for the next leg lower.

Gap filled on ES/SPX now. 4K next if no support from here.

If 20 doesn’t hold, this could get interesting. Bidless market at the moment.

Targeting 20 now. Let’s see if that can hold or not.

Yeah. Like I said, this is how it is for me. I have a suspicion it can be generalized, though. :) Where will you exit your long? Will it go all the way back to entry or do you have an uncle point?

In trading I find that there's a sweet spot between being flexible in your analysis and having conviction in your trades. If you post a trade online and express a great deal of confidence in it, I think it's easy to want to be right and defend your views as opposed to how you would manage the...

I closed down my trading computer for a bit, but if you believe in measured moves this rally just about equals the prior bear market rally now.

Wow. That was a crazy move. 119,50 points in a few minutes. I imagine those numbers can't have been good. I stopped out for 1,25 points loss on a long pre-release and decided to stay flat on the release. Back for more fun on the Open until the dust settles.

Oh, you were clear about being bullish. I've been bullish too, short term since last Wednesday. I've no idea if this will last, though. Personally, I still find that there's too much weighing down on the market to believe that this rally will continue, but I don't know and it won't influence my...

Do I interpret it correctly that your view is that the S&P bottomed out for now and this is not another bear market rally? Seems to be some goods news coming out lately. Who knows...

How is time random? You mention indicators. Something I don’t really use. You can back-test / back-check historical prices manually. No indicators needed. If you have a statistical model (which I have), you can use that model to make your tests or studies. Curve-fitting or optimizing...

I don't understand how back-testing / back-checking can be worthless. That could only be true if the markets were moving randomly. They’re not.

Very well put!

I would do something else. In order to have a fighting chance as a trader you likely need to put in close to ten years of effort and there's no guarantees by the end of that road. If you have a mentor to guide you and can focus entirely on trading for a while it's different, but even still...

Today was a successful BO of last week's range and a consolidation day. I suppose tomorrow's news will set the direction for the rest of the week. If those numbers are good it's not unlikely that we put in the week low already today. That open gap above at 4230 looks juicy by end of week...

LOL. You knew that, didn't you. :) Be a sweetheart and tell us a bit earlier next time. Beyond that, it's hard to disagree with your post.

Using 5-minute bars and not precise timings: 09:40 today. 09:50 Friday. An FBO, failure to breakout, of the opening range low. Pay attention to those. They can help you put some money into your pocket. :)

And stopped out... Too high, too fast. I've no idea if this can keep running or not. I know it can, but the R/R isn't sufficiently sexy. Ran into trouble on the Open today. Incredibly going short when I was going long and took me a few minutes to recgonize it even. But thanks to this beautiful...

Do you have an update by end of week? That one seems to be a bit dated as it's not by end of last week. I don't track sentiment that way. But I do notice that after one large red weekly bar people seem to be very bearish. And after one large green weekly bar people seems to get very bullish...

I don't have the data on this as I don't track overnight statistics, but by experience I can say that those Sunday night gaps pretty much always fill at least by end of week. A few weeks ago people seemed "too bearish". Now, people seem "too bullish". Should be interesting to see how this and...