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Scratch rest

Scratch half

Need BKX to start working again too

Working long TF smaller on test of NQ open

Arg! There's my target on the dot.

Out

Now watching SPX 65 again tight leash on remainder. Trying to hold for TF 37.5

More off don't like NQ behavior. Will scalp out positive now if NQ does not proceed into 0900 CT.

Focused on BKX versus SOX. BKX lagging so either it catches up or SOX blows back

Scalped half rest for 0900 CT to observe or BE if blowback before.

Working long TF

I use Worden StockFinder for EOD and real time Technical scans of the entire US market. You also can use sources such as Briefing.com, Zacks, and IBD to build a watch list of stocks that are exhibiting relative strength from a Technical and Fundamental perspective.

Lojanica the NFP was a blind spot in my understanding of Thursday's structure. I ignored you at the time and ended up wasting time and energy. Thanks for sharing.

I never said anything about trading non-recurring news based Setups. This is a discussion about how to interpret price action after the fact for the purpose of development. You keep interjecting in an effort to espouse a price action theology that is out of context relative to my original point.

To be totally clear, the PM is relevant, except when it is no longer relevant. :) Good luck.

The NDX opened and balanced around 40 just above 60m Resistance and below Daily Resistance. See the chart. He is trading from the Open so obviously how the RTH opens is relevant to the trade entry. Nothing that happens at the Open is predetermined by a minor test 30 minutes before the Open...

A 1 minute Reversal in a 10m Balance before the Open is not an indication of weakness beyond the 1m Interval, particularly given the location in terms of the 60m and Daily. You don't know how the RTH will open on the news until you get to the RTH. Sure you could trade the event before the Open...

That's just the sweep of both sides of the market after the payroll data. You are above yesterday's high but below the high from the 26th so you could go either way. At the open you are in a balanced formation for the first few minutes with both sides tested until the Putin news printed...

There are days when price action is not enough to understand what is happening. There is no sense agonizing over your confusion with the price action if you pay attention to external factors so that you recognize these situations. Today the Open failed because Putin was on the news tape...

I agree. I took all of my core stuff to cash when the VIX went above 14 without a meaningful new high in the SPX. Today I took off all intra-quarter equity positions with a negative P/L at that reject of INDU 1500. I thought getting to the NVPOC at ES 63.50 was going to be a piece of cake but...