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That wasn't the point. Don't be so obtuse. :rolleyes: Anyway, don't wanna hijack this thread over unpatriotic a-holes who are patriotic only in name.

As long as price stays in the zone, namely just chopping up and down, I plan to stay put and do nothing. It's only a problem when it breaks out of the zone and stops me out, and then reverses hard and breaks out to the other side, where I would be stopped out again. Unfortunately, they do happen...

What I don't understand and still don't make sense to me is why Wall Street (stock, futures and forex markets) is closed on national holidays. They should not observe national holidays. They are the fucking least patriotic of the bunch. All they've done throughout the history was added chaos and...

So this will be my plan of action for the near future. I will buy when the price trades ABOVE the midzone and sell BELOW the midzone. For instance, ES is trading at 4075, so I will hold my long until it gets up to the next midzone at 4190 and then reverse to short. Where will the stop be? Stops...

I guess I have a weird way of looking at charts. Call it a confirmation bias, but everything seems to line up perfectly. :)

Only the quarterly and the leaps. No weeklies.

Okay, fine, I'll get out at 4100 or thereabout. :fistbump: :)

Well, let's put the question in another way: Is there such thing as taking out too much loan?

In either case, ES usually goes up during the holiday shortened sessions and we also don't have any major economic news slated for Tuesday, so my thinking is we'll be heading higher until they spook the market with FOMC minutes on Wednesday. BTW I don't think PMI carries much weight to move the...

But FOMC minutes don't comes out until Wednesday. Have you already forgotten what I've always said? Buy into FOMC and sell afterwards. :fistbump:

I certainly understand what you mean but as you can see, I'm already up (although I don't plan to liquidate my position any time soon). As long as you time your entry and exit pretty well, it really shouldn't take long to make money, regardless of what timeframe you use. Anyway, I've day...

Swing trade long position SL just below the bottom range.

Hard to believe, but we've already retraced down to the midrange. Let's see if we can go up from here.

Yeah, I'm fully aware of that, and I plan to reverse to short should we capitulate. But I'm gonna take a small position for now and see where it goes. BTW what qualifies this as "too old"?

As long as we don't fall below 24250 again, we should be fine IMO. Once we break out above 25270, I suggest you sell your wife and children and go full tilt. :D

I think one way to mitigate the risk is using the 4 hour chart rather than the daily. Also, unlike day trading, where reversals are easier to detect using S/R, I believe it's easier to trade the pivot zones for swing trading. So for the upcoming trade, I will look to enter long at the midpoint...

Did any of you catch the ride down? Or hopped on at the bottom?

Of all the posters here, I feel you know me and my style of trading the best. Honestly, I'm conflicted about switching over to swing trading. Certainly the current environment is the worst time to make that transition. Anyway, thanks for the reply.

Hey, I appreciate your input. All in all, good points. :thumbsup: BTW I'm pretty much a noob myself :)