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It certainly is in oversold territory, but I think the selling was too orderly today to leave much room for a bounce before the selling continues. I am on the short side at the moment; I think we may have some down closer to 815 before we bounce. Just my thoughts; they're free and not worth much...

I must say that for an individual who goes by the moniker "wee man" to be so interested in this thread is honestly too funny... :D Mr. Testicle, said in the manner of Agent Smith in the Matrix movie has a nice ring to it, but Mr. T. likely has more widespread recognizability.

I'm sorry; I am still inflating my ego to a point where public adoration is a conjugate to my trading so for now my GONAD is private. Look for my GONAD in the future...

Ok, I know some of you are following Oscar's calls like I am, out of curiosity. Recently, he's had a somewhat rougher time making the coin, so I for one have reasoned it might be time to throw him a bone. He goes against many of my rules, so I thought maybe if I combined his indicator with...

This is a lesson that took me some time to master. This fact is simple; the market does mot care what your entry price is. Therefore, your stop must be set more intelligently than simply adding or subtracting two percent from your entry price. So, you must set your stop in a spot that proves...

Just a thought. Maybe you should work on refining the entry so that the 2% covers it...

I feel your pain. The good news is that you should have an answer to this dilemma soon. Should head you way just about now, I would think. Quite a bit of overhead at about 475 though. On the FM I think you may be SOL, though you should be able to better your position. Hoping for the best; you...

But this is the point. The time element is what make the market zero sum. Remove this contrivance and the market is not zero sum.

It would be possible given an infinite timeline, but we do not have that.

Given transaction costs, it is actually less than zero sum. I would suppose the ability to arb continuously without transaction costs might make your statement plausible. Of course, just like in basic Physics when you assumed there was no friction to solve a problem.... The simple answer is...

Ouch. I am flat at the moment except for amzn. I pulled up goog, I've been trading futures exclusively for the last couple years. Boy that stock will make or break you, if you hit it with any size. I see that it broke a 2 month uptrend on the 30th, and then fell to now it is at the bottom of...

That is exactly my position too. Long ER2 and ES off this mornings lows. Held an ES short overnight. I just am wary of the gapping behavior and as you said the feel of manipulation. That said, I don't really get too hung up on the market maker manipulation mumbo-jumbo. After that huge gap...

Hey, thanks for the info; I did see that earlier. Honestly, I am quite uncomfortable with this trade; about 3/4 of me wants the damn thing to stop out.

I am still short for about a week now; I had to take a little heat on Friday I think it was but ok now. I am looking for a minimum of 57.00, but I think it should go even lower, in time. It is a beast for sure, I'll say that. Still, I keep looking at that volume spike and I cannot see what kind...

You could buy a really nice alarm clock with the money you missed yesterday! Seriously, welcome to the group of people I know trading ER2. I think both our calls were pretty good today/reasonable so welcome my brother. Best,

:confused: Not sure what you mean. Yesterday was one of those great 1 every 3 weeks kinda days all day. Get long and stay long all day. That's my kind of trading; that is, low excitement with a lotta dollars flowing in.

I am thinking nothing over 835 today. That is all. Beware the groove.... I just don't smell the updraft

Steve46, I assume you deleted that poorly thought out post of yours on the grounds that it actually proved how a condescending anti-social sociopath talks with people of ordinary intelligence? :D Good one.

Yeah, on days like today I would try for around 830.50, which would happen if that low to the left gets violated, but it's still in an uptrend, so the new local low would reject and then up again. I tend to place the orders then watch the action as it gets close. Sometimes I'll take a small...

Yesterday was a trend day--I got just about all of it for a change--but it felt weak at the last hour. Today looks like heavy chop, I exited 834.10 and looking at the chop I personally am not longing it today again. In fact, I think I'm off and going to go enjoy the sunshine, take the dog on a...