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I would probably advise traders to take some gains here at 43.50 or scale out as it can easily bounce here. I am personally staying short - my system relies on the big trade and don't have to worry about making money for the day. Still holding.

Stopped at 47.25 for -1.5. No problem will remain on sidelines till evening session where hopefully we get some decent moves. Trying last one here - short again 46.50. Move is still valid so i am taking it. Tighter stop now though.

Thats exactly what i need. Thanks for the link mate - i think that will make life a lot easier.

Trying a short in the face of IHS. Short at 45.75 - tight stop. Very risky trade i know. Target will be test of low or 40.

Thanks for advice - i guess their are perks to this job and problems as well. I think i will try to avoid all use of the PCs over the weekend and get some kind of wrist support. This can't bode well for my boxing. I will try to find a way of getting rid of my other 2 mice and having and...

Seems to be selling off in a wedge like pattern or shorter term time frames. Want to see more of explosion of trend to the down side. Otherwise i think their might be some nice intraday opportunities to take a few points to the long side. Ideally i want see a bounce of 40 before getting...

Thanks AAA - have been licking my chops for the short side all morning. I am from UK so have been watching the market for about 4 hours now sitting on sidelines. I was reluctant to put on some day trade positions before the open because i was also short in my swing account. No longs in...

Tgt hit and filled at 43.50. +5.75 :D :D Old clownies on fire right now.

Shorting again at 49.25. Again very risky as short can get blasted here so i am using extra tight stops. Target is 43.50 on this one if it goes my way that is.

Out 46.50 +8 points in 5 minutes not a bad start.

Got my open drive so will be holding for more here. Beautiful start to the day with limited risk. Want 44 as a target.

Always think what the other players are going to do and how you would feel in certain positions. The rest is simple human emotions of fear and greed.

Want longs to be forced to puke some positions here before we go any higher.

Trying something silly here. Shorting straight from open at 54.50. Very very high chance of stop-out. Hoping for an open-drive down which will net me about 5-6 points.

Again same principle could be used for a short of 56. These strong trend days often provide the best risk to reward trades. This is looking very weak right now i really want to see a big bounce which i can short into during RTH. No swing longs until we break out of this downtrend on longer...

You know what Volente - could not agree more with this post. I realised quite a while ago that indicators for me just did not cut it. I think traders come into this game befuddled into thinking that trading is so hard and mathematically complex - this may be true for the quants or arb groups of...

I would love for this to bounce from this level back to 62 level. Want to see a move to1345 today before the day is up. Again we have somewhat of a balance day yesterday - just think how some of those long went home yesterday. Price closed near the low of the day - most longs will probably...

I want to share with you the 15min chart. It has blasted through one support area but bouncing of the next level at 50. I hope everyone viewing this could see the beautiful short at 62 represented by the down arrow. See how it break down and then tests as it often does the previous...

Anyone who uses market profile could show that a down move to 57 was inevitable especially with weakness creeping in on the 60min chart. I was hoping for the trend day yesterday in my day account - we basically consolidated slightly but that is the beauty of have a separate longer time frame...

Hey thanks mate - i feel i am doing better but still many impulse trades are creeping in which is a bad sign. Here is yesterday's chart;