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I agree it looks and smells and feels like a reversal. The overnite low of 1234.75 was never threatened. Im going to sit this one out though, since I'm @ best shaky on long side trades.

Thanks. B1, hedged perfectly as usual!! Long/short, excellent. Just my thought, it looks like the next few sessions will be lackluster until Bernanke, Cpi, biege book and fomc minutes come out later this week. Im going to wait for the big boys to get positioned and then see if we break to...

No ES trades yet for me. Shorted QM though @ 76.725 and got a nice gain. It looks really choppy so far, so I think I'm going to wait for some of the middle east violence to calm down and then look for an enrty. Im really hesitant right now.

Just got back in a few hours ago, vacation felt good. Man, I wish I had held on to that 1282.25 short!! Oh well. B1, How much upside do you see @ this point. I saw that 1290 on the dot was the hi. I recall you called 1290 as a hi few weeks ago. Anyway, I guess I'll watch tommorrow and look...

I have a market on close order on this. I was going to hold this but I have a vacation planned this Saturday which I was going to cancel. I dont think it would be prudent to manage during a vacation, so I will get flat. Safety first for me. Anyway you guys have a Happy 4th of July weekend...

Yes building right here and will add more as it goes against me. Nothing aggressive, just establishing a position. I'm looking a bit further out on the time horizon. I fully expect more buying into the Q2 window dressing.

Im short here @ 1282.25. No stops, will look to add around 1300. This will be a short term swing.

Im not going to chase a run up like this. You miss one side its ok. Just be patient and wait for the other side. I'll hold this one till the sept expiration if need be. Too much short covering right now, so the close around 4:15 p.m. should be a safe entry point.

No trades for me. Moved too fast for me to react. I will short @ market close.

Yes very nice call there B1, I got stubborn and waited for 1270. Oh well....

This will be the third time in 3 weeks now that I had a short 1270 order sitting out there and not gotten hit. I just missed this last run down. I'm waiting till 2:15 now. If we break thru 1270 on the upside Im long, if we fail anywhere near there, I'm short.

Thanks B1, it was hard work and discipline not to trade for a week, but I really felt that we would chop with little range into June 29. And thats what happened, I just sat on the sidelines. I read thru Romiks area 51 analysis (interesting). Looks like you are straddled perfectly (long/short)!!

Like every normal bear does, I've been hibernating waiting for this Fed day to arrive. Have not traded at all since last Thursday where my last cover was @ 1257. Not surprisingly they are still @ 1257. I feel rested and fresh, some time off and just watching the action helped me analyze where...

Thanks, just taking a page from your play book. I waited for the right set up and then jumped in. A 60 minute daily chart was showing a double top around 1265-70 area. And my 5 minute had resistance @ 1266 yesterday. Since I didnt catch or trade any of the up run, just looked for a nice...

Covered @ 1257 from overnite position. 18 points total. Flat and finished for today.

Didn't trade Tuesday. Actually didnt trade today either. I got in the final hour when I saw they weren't going get to 1270. Had my order out there all day @ 70. Grabbed a short @ 2nd resistance pivot (1266) to reestablish a short term trade. I'm trying not to get too aggressive scalping...

It took 2 days to come in. Entry started in the closing hour Thursday and covered today. Anyway, I'm not a good trend trader either. But I have been mixing positional plays to get bigger gains but on less size. Scalps are helping me protect the inital position thus raising the break even point.

Romik, your short term analysis is getting really good. I'm impressed!! keep up the great trading.

This postional covered @ 1250. Gain of 20 points total. This trade started Thursday and ended today. Flat now.

I have been using option strike prices as indicators as well. Although I dont trade options. Behavior around these certain numbers can also give you an indication of whether or not you have entered into a chop zone. i.e. 122.50,125,127.50,130,132.50. For now the first and last have held. The...