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My channels show real danger of "blow of top" type upmove over 30. Although short right at the moment with 25 point stop and 25 point target looks to me safe trade right now I will not short it bellow 22 for this swing trade.

What happened in past millenium is not interesting for me, I am not trading enough long. If we compare ES where it was 1.1.2001 we are up or down, what do you think, candles? During that decade we must be way higher, correct? if we consider that they are sometimes kicking out of index stocks...

Amazing how precise was timing to open position, just was necessary pick up another direction ...:) it happens...

Top of channel is 1119 for now (I thiink in this context it is 99% safe but no way I am saying we will touch it), bottom about 1081. We are approximately in the middle, I do not like trading in such circumstances especially looking at situation at daily.

This is typical during last months. We rush somewhere - during very short time, today was extremely good example, three minutes and finito - and then we are "glued" somewhere for rest of time. My explanation of this is that the "big gorillas" do not want that daytraders are ripping small...

Atticus, I really believe it is a buy now. I try avoid overnight surprises but if will stay here tomorrow I will buy.

My channels suggest me buy about 105 SPY. Although I want go long for relatively long target I am not as optimistic like Sushi and I believe the starting position will be lower and we will be not as quick.

I can not trade like EMG (and doubt that anybody else). However I think that he simple does not get from his predictions enough and that he risk too much for too little profit. I do not thiink that his system of trading is something that we should follow :D But he has in some case...

Pekelo, this is called paranoia. It is east to spot that B1S2 has English like native language, EMG is "speaking" even worse than me and my English is quite poor. Except this there is nothing similar in behavior of both excluding fact that both look to be well funded and love a bit mystery...

We broke the downtrend channel to the upside, new one is not yetestablished. I have one rule. On days like this (when sharp reversal happened) I am shorting just new daily highs, and they need to be clearly different compared to previous one and I am very quickly taking profits. If we...

We are 5 point higher than we were one minute after open. I absolutely do not understand problem for anybody shorting correct way. However, watch for island reversal on Monday. I will not stay short during this weekend.

Top of channel is about 55. There we will see if we turned up.

After my opinion test of 1000 in unavoidable. So even for bulls it is better do it as early as possible :D My channels bottom is about 30 for now, we can se it quickly so be carefull since than.

What is pricipial difference between programm and HFT trading? Just timeframe? If true where is border between them?

Can you explain your position in detail, it does not look trading related to me? :p

My top of channel is about 92. I am bullish until than, too. I expect we will reach it latest tomorrow. Bottom of my channel is a bit bellow 60, I will be suprised if we will break it down.

Bottom of my channel is about 71.

I am averaging down as well. However I have strict rules for it. I am doing it both ways and for me it is way easier by shorting, although most time is market going up. In fact after my opinion really dangerous it is just by long positon. In fact by shorting I am rarely needing it. Go long and...

It is one of rare ocassions, when resistance on time based and not time based bars is the same. If we will not break it we will see 70 quickly. Longer terms (weeks-month) it looks to me that we need test the bottom above 1000 prior any significant upside.

No, it is not correctly. it should be 18.25x3 as minimum (2 adds on). Averaging needs very well tested and clever system and strict rules, do it after "guts" is way to hell, sooner or later. We are again sitting at channel resistance, we need break it. And bellow breakeven there will be...