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Long 85.5. Stop 79, target 94

We are on top of channel - bull flag. If we can break it than there is 20 in cards.

I believe that we will see this month 1070 like minimal downside target. Until 1020 I will say that it is not trend reversal, we are still in uptrend. Bellow 1010 that will be different situation. However I am sure that bellow 1070 will PPT start using large cailber weapons :D

The only problem is that everybody (me included) looks for such moment. Experience in such cases learned me that they will not continue until most of us will give up. Howewer at 1188 if it will start show sign of rebound Iwill buy it.

Ok, it is very interesting that until now I never saw intelligent discussion about averaging down/up in ES. Rule: Never average down at top of channel (overbought), and never average up at bottom of channel (oversold conditions). This mistake made our young friend. Howewer, if I look...

Yes, look how many unfilled double gaps we left behind us in SPX during last months. In SPY I see one example confirming rule where it was not 100% filled, just almost filled. Ammo, it was filled out of RTH. We can repeat it, quite probable scenarion, but gap will be no more as magnetic as...

There are so many SPX gaps bellow us that it is impossible apply this rule to it. Where it works best is SPY.

Yes, but it was closed, they were left just 2-3 tick. Gap like this one can be considered closed. Moreover at SPY it is closed completely and thats what is important. For all practical purpose there was not any "magnetical" gap above us.

This is first gap. There is no open gap above us just what we are making now. However I believe long trade that you make is correct and target 1204 you will get. 1210 - if you will get 1210 you can get some more I think.

Long 203.50 stop 97.75 Out at 205.50 +2

Long 1203.75 stop 1998.75 Edit stop to BE+1 Stopped

Problem is that even smallest possible position 2 contracts (1 original and one add on) can make damage in thousands very, very easily...

Even if your account allows drawdown 100-200 ES points (what is real danger especially now when we rise so much, I do not speak about 600 points like it happened) per your position I personally do not see any sense hold it that way. Do not forget that you can be underwater months, even years...

Quite dramatical reversal on gold, may be stop run on breakout swing traders. Because ES is moving very little may be just headfake.

Is there some guru that know how to get chart uvol dvol in quotetracker?

It is more or less than "unofizially expected"?!

We are on top of trading channell. There will be or spectacular break of it or we will see 1100 in short. Problem is that tomorrow is free day and such day are "reserved" for breakout that should not be possible during normal trading. This is the only reason why I am not making swing short but...

I am sitting whole day on hands except one short on gold. ES is not enough volatile for me today.

Trading today I am feeling like <p><font class="vb"><a href="http://www.youtube.com/watch?v=gNeOkk6awVs" target="_blank">http://www.youtube.com/watch?v=gNeOkk6awVs</a></font></p>

This is next to last trading day before election? Has somebody some statistic or experience what happens in that short time prior to it?