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If we pop above 4550 - @tiddlywinks might get his Outside Day.

Apparently, that was an overreaction. First hurdle above is 4550. Let's see if that reverses this or if we blow right through.

Appreciate your honesty and sorry to hear about your loss. Relative to account size, it's no biggie, though, and you're still very much in the game. It's not clear to me unless you mentioned it earlier in the journal, but what is your market experience...? Why not just trade 1-2 micros for a...

Covered B/E going into the release. Not touching this until RTH opens. Largest 5-minute bar in a while. :)

Looks pretty to me, so I suppose beauty is in the eye of the beholder. :) Thanks for sharing that chart, Tiddly. Do you think low volume holds any significance? From Hershey's (and yours...?) view I suppose that could indicate it was an FBO?

Small long here (71.50) as a lotto ticket into the CPI. Add if it gets legs. 15 point stop-out if not.

Should be interesting. Maybe we're back to bad news is good news...?

Got it. Thanks for clarifying. Humbly, I don't think anyone is obliged to do anything, but if one is posting about building a position and calling trades, I don't think it's out of the way to keep things transparent. Since the market rallied so strongly these last two days I was merely...

Bruce Kovner took out $3K on a credit card to get started trading commodities in 1977. Find out the equivalent of $3K today and you have your answer. :)

My simple view is that the market is breaking out to the upside. If we can clear 4600 on ES tomorrow I think we'll see 4654 already tomorrow or Friday at the latest. Today SPX filled the first gap above. There's a small chance we'll print a mini double top or FBO here, but I have to say I...

To be clear - you shorted starting yesterday and anticipate a larger move down from here...?

The fact that you have to ask probably means that you need more than you have at hand. :)

As predicted. In advance. Hope y'all made a buck. :cool:

When these large gap up days base out in the morning they rarely reverses down.

You should never "hate" anything about the market. Be friends with it. I get your point, though. :) This Wednesday is currently set to open with a larger gap up ~ + 1,0 % with the prior day being positive, too. Out of the last 10 times that happened, only one day was a "Down Day", but still...

At this point one can only hope someone does something stupid. Or if you're already long: kick back and wait to collect. :cool:

ET needs more posts like this one.

Nothing to complain about then. :)

Today was a good day for the bulls. Continuation higher tomorrow, IMHO.

One problem trading micros is that I now find myself swinging for the fences on most of my trades being a greedy asshole, so I might have to find a happy medium. Took a few scalps with a full e-mini on the way up that's massively more profitable than my cute little micro trade. :)