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the grail trade looks good. I just wish I had been more patient with my ES trades. SPY puts up from 2.80 to 3.15 so far. Problem was I didn't wait for the lower trough. When that happened I would have shorted ES at 54.

How do you see this? I don't get how one compares the futures volume to the underlying.

almost a grail on 5min. clear diverence but not quite a LL yet. edit:now it technically is a grail trade @54. I'm done on ES for today, too many stopouts. Instead, long SPY puts at 2.80, .30 stop (1055 ES). Funny, this is where I originally bought them a while back. This hasn't been...

out, guess 55.75 (R3) was worth paying attention to.

short 52.50 stop 53.50 RSI diverged on 5min, where's the breakdown? hope this isn't an all-day-up day...

covered at 50 reshorted at 51.75 flat at 49.75. Thought it would stay in box between 52 and 49. trying to reshort again.

small short at 51.75 stop 53 add at 52, 52.5

ah, thanks Pekelo. BTW, my short earlier stopped out. Looking to reshort around 51 at the trendline. edit: around 52-53 if things look ripe for the shorting.

2nd Gap Rule, again??

sh 1045 stop 1048

clearer, hopefully, shot of the dragon. 33.75 high so far (sitting at 33 in this shot). My exit remains at 34.50, but I moved my stop to 31.50. reversal target is 36.50

posted in ES journal 20 min ago @ 30.50, ES now at 32.75 (about halfway there): my contribution for the day. I have a limit buy at 30.5 which hasn't filled yet, but if it does after 12:25PM then my stop is a point. Dragon H=8.25 Failure was perfect at 4.25 (1028.25) 3rd top/reversal...

out 2@31.5 cover target = 34.5 on last. stop moved to 30 (BE). Probably too close but this might be last/only trade of the day and I want to be GREEN. Got an appt to make.

filled L @ 30.5 st @ 29.5 looking to cover 2/3 at 31.5 and let last ride to 36ish.

my contribution for the day. I have a limit buy at 30.5 which hasn't filled yet, but if it does after 12:25PM then my stop is a point. Dragon H=8.25 Failure was perfect at 4.25 (1028.25) 3rd top/reversal target = 36.5 The triangle points to same area as well.

RTH = reg trading hrs Gap fills: within a point is filled. I liked what someone said earlier in this thread about the low of last 5 min candle.

The 4:15 close was 1027.25. The 4-4:15 high was 1028.75. Watch for a false breakout to those levels. If 1030 prints it should be safe, in my humble newb opinion.

Actually I didn't really pay attention b/c I didn't realize it was 2nd in a row! It still paid but should have paid REALLY nicely. 1020 or 1040. I'm leaning towards a squeeze to 1040 if it breaks above 1027. I'm 3/4 since last night with the only loss being my only short. edit: the...

yup, could be false breakout from the triangle (see 30 min SPX).

out, that sucked. one tick from being a riskless trade.