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He is basically saying the risk and reward ratio is better if you open the position at the shoulder. It makes sense because you get the move along the shoulder and then the bonus of the follow through after if confirmed. Some people choose to wait until after confirmation but with that...

Me too. Worst day I have had since I started trading last year

Looks like its really going for the cash gap close

Its not the size, but what he does with it that counts, you should swipe left if you don't like it. Kirkland jeans are the best.

Same here, I was long early on for a bit but quickly went short. I closed out at 13640 though because of the pivot so left loads on the table to go to the shops. I bought 3 pairs of jeans thinking they were a bargain but that lost time made them the most expensive jeans I have ever bought.

Yeah, the weekly seems to be bouncing off a trend line, plus the daily is quite far from the moving averages, so I can see a move to 14200 and then a continuation downward again.

Apart from the major fib level support

Less than 100 points away from the biggest head and shoulders I've ever seen

Especially with the imminent Putin public address *apart from I forget the markets were closing early

Yeah good point! That would be quite a drop in a single day thinking about it!

Do you think your green trend line might have been broken? Or are you keeping it as valid? What do you think of a downward trend line between the two recent peaks? I am trying to decide if we will see some follow through tomorrow. If the green trend line is broken more convincingly I would lean...

So for the NQ/ES we have bounced down off a major fib level, broken down through an hourly up trend line, and now retraced up 38% for NQ and even less of a retracement for ES. So this looks pretty bearish to me now.

Yeah exactly, I think a lot of the time the news just brings forward a movement that would have happened anyway.

Unless it breaks down through the trend-line of course

Short term looks long because an hourly trend seems to be establishing now

Good call! Even looking at your chart I couldnt see anything long about today, so I never would have figured it out. I couldnt even figure out what indicators you were using :-)

Looks like a double top on the hourly right at the moving averages and the 50% fib level. But the vold and voldq are all pointing up still which doesnt support a downward move. Does anyone ever look at the vold or voldq?

Both the NQ and ES have been stopped going up so far by the moving averages and the 50% fib level. Its where I had originally planned to open a short position but got FOMO last night when the indices were drifting down overnight.

Yeah the futures were drifting down nicely until Russia claimed they were withdrawing troops, which caused quite a spike upwards.

I agreed with your post before this one. Today looked like a bounce down off of the hourly moving averages. It was getting a bit far away and over sold, so after today it should have more freedom to go down again now. So I am staying short. Although it could revisit the 4 hourly moving averages...