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Question is: what didn't I see? I was actually short the ES early on, and was short (twice) the YM after the open on current highs. The problem is that my stops were "within the noise" like B1 says all the time, because I also have an issue with terminating my losers. I now have this...

Today was an SDD by Pekelo's book of trends no? Drop, 10am top, drop, 1-2pm top, drop.... Damn, I was short @ 887.75, but my stop was too narrow (877.50 after it started dropping) :mad: :mad: And I didn't have the guts to go short after that, fearing a squeeze. I'm a coward :(...

No such rule? :eek: Market feels too cheery for my shorting guts then...

Played the SSO instead of the future today, made a buck, but only half as much as I could have made :( Pekelo, is the general rule of shorting an ADU on close still apply? Or are there too many possible issues? (automotive deal, santa rally, light volume). Was thinking of shorting the...

Btw, everyone's trading the March 09 contracts right? Have you all switched last thursday or last friday?

Thanks for sharing the info. Can you define "price wind"?

You and me both...

So no re-visiting the low 800s? With the daily ranges the ES is doing nowadays 1000 is barely 2-3 days away...

I have the impression that there's unfinished business down there (ie: gaps), but there's also unfinished business up there (875-895). That being said, star wipes the floor in terms of trade accuracy, and I've had the "experience" of having a position against his.

Thanks for the clarification SS and everyone on the scenario of a pullback to the low 800s. I guess tomorrow's a nothing-to-mildly-up day? Edit: Tomorrow we touch the 900 just to say "we did it!" ?

Boy, bad day! Traded against the trend, and re-entered short at the wrong time (thought we were 15 points higher, but actually only 5). Silver-lining for me was the fact that I was trading NQ instead of ES today (didn't like the smaller volume). I remember 2 christmases ago, me and my...

So he's implying that we're going back to 800-810?

Wait, are you saying to buy @ 805-810 are or that we should have bought 805-810 area? Overall what worries me about the long move is that open gap from Monday that is still unclosed, although a rally to 1000 only to slam it down again to 745-800 does seem like a viable scenario. In this...

Nice calls startraitor! you were on fire!

500 as in 500-515 or as in "anywhere in the 500 range" (like 575)? I don't deny the very possible number, just didn't expect (or bet) a rather direct drop. Guess Santa's not here this year?

I don't get this part, is the phrase bull or bear?

Bloody hands trying to catch a falling knife :( and my long bias kept me from shorting early on :mad: That being said, if we open with a gap up tomorrow (+15 - +25 range let's say), what are the odds that the gap will be closed on the same day? I'd think it's a no-brainer to short it, but...

90-something points, that's 45 points a day. If we're going up I'm betting a 75pt up day with a 15pt on Friday. Missed that second top this morning (afk), and just when I was all "Damn, that 865 is a sexy spot to go short". Fed meeting kept my fingers away from the trigger, so a whole lot...

Is 825 close enough to 820 or are we setting it up to go further down before going up for OE? 865 seems like a decent resistance on the 60min chart.

Isn't it falling a tad fast though? I expected a decent bounce before falling further. Also, with everyone eye-ing 760, wouldn't people jump the gun?