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Anyone shorting this...? This is a Monday and I view this as the market basing out before a push higher, but it's possible my mind is not able to comprehend what's going on. Dropping below 85 might change my mind.

Posted that picture too soon, I suppose. FBO on the initial pop. Let's see if this retracement gets bought or not. Not much changed yet from my POV.

Stop @ B/E. Add above 4508 or on the next buy signal. Massive up move possible here today.

Someone sold the top of that TL. Last week's midrange here @ 4494. Still leaning long here, but I wonder if dropping below the LOD here could initiate a bigger sell. Trying a small long from 91.

Legs ~ 4577. I think we should hold the current LOD for the bullish day to materialize. Let's see now.

4535 from here, I think. Could get legs if we break out.

FWIW, I reversed long @ 95,50, but posting trades and updating them gets tedious and I'm sure boring for the readers, too. Still looking for a bigger move out of this zone and it may very well be higher, so just trying to get in and not miss the train either way. It's possible we'll get some...

Scratched it for a tick of profit here. Sidelining until things are more clear. May need to wait for the Open to find a direction.

I think the week's first 100 points move is coming out of this zone. I'm leaning towards down, but it may very well reverse higher, too.

90 is yesterday's RTH Close, so normal to see some slowing down here. Could be setting up a bottom here, but my initial bet is that gravity leads us lower in this channel.

Care to show with a picture? Is that a breakout higher...?

I'm short from 90. Ready to bail for a 10 point loss.

Higher or lower next week? I don't hold a strong opinion. We can be reversing or basing out before the next leg higher. Open gaps in purple on SPX. What I do know, though, is that there are very high odds we'll either trade above 4600 or below 4400 on ES.

Those are not serious firms, nor serious applicants, though. Not surprising anyway. Since @newwurldmn mentioned FX, here's data from futures trading with Earn2Trade: And that's the amount of traders who pass. I imagine that out of these quite few ever sustain their performance long enough...

I agree with that. Another big factor would be capitalization. There are guys who are rich enough that trading a large account is similar to trading a demo account. On the other side of the spectrum you have guys who barely managed to put together $3K for trading and where even a small loss...

Stopped out for + 40 and reversed long on this PPT pop. 4500, I think.

Agreed. However, I feel that my stress levels in many ways are higher with trades that I hold for hours or days. Why? I'm constantly thinking/monitoring the position. With scalping, I'm just quickly in and out. The downside is like you say that the margin of error is much lower and you really...