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CF=Confirming Factors. I take that statement back about 10-15%. That is just a possible scenario. I will be expecting a pullback. The extent of that pullback will probably be a decent size but the area will probably be retested at a later date.

A lot of CF's coming into the 1467-1470 area. If we get up there it will most likely be a brick wall and it is where the 5% correction will commence from. Ultimately, could be more in 10-15% area though.

Its nice to have a combo. I have automated systems as well as discretionary trade. By discretionary trade I mean a well documented plan with good odds and probabilities that a computer just plain and simple can not exploit. I also have automated systems that I trade systematically. For...

Three words for you... syngergy synergy synergy. Accumulation of edges. If you have 3 median lines on different timeframes overlapping eachother dont you think it would make it stronger? Nothing is 100% that is why you have to rank with other confirming factors and edges. Once you have...

There is no rational reason for the lack of volume the past 3 days. I gave them a break with the superbowl but there is no reason why the institutions should not have been online today. We got the FOMC and the jobs out of the way last week...... lets get this shit rolling.

er2 just completed 5 wave move... needs to hold this zone for a nice sell off into the close. Any move above will lead to a nice run.

If this market wants to retest high of day of it should hold this 1449.50 retest.

I would like to see a move down to 1445-1445.50 before thinking about getting long.... This market just wont give up If new lows are not made 1451.50 should provide some overhead resistance

any move back above 1451.50 will confirm a DB and retest high of day

Careful on shorts... could retest high of day from here if it can hold 1449.50

unusual market activity.... low volume again Where are the Insti's...

Trade setups today will also allow for larger runners

I want to start out by saying that nothing is guaranteed, trading is the accumulation of odds and probabilities. With that said, we have many patterns in place for a large directional breakout today across all indices. I wont go into to much detail as this post would never end. I will tell...

Ya as stated before the open that I was expecting a range reduction day. I wasnt expecting this sluggish of choppy action though.. but what can ya do. Pretty frustrating day. Tomorrow is going to be great. Big extended directional move, count on it. It will make up for this crap the past 2...

Running stops...

...Update.... Market so far holding at support that was supplied before the open. LOD= 800 S 807.50-808.50 Rallied 4 pts in a vertical spike once it hit the zone. Market is exhibiting low volume choppy, spiky range trading. Be cautious and conservative.

Ouch.... Took a good spike

Key levels for today for ES: Support at 1444.75-1446.50 Support 2 at 1440.50-1441.50 Resistance at 1456.25-1458 Resistance 2 at 1464-1465 Key Levels for today for ER: Resistance 817-819 Support 807.50-808.50 Support 2 804-805.50 Market is overbought, expect a...

It is easy to distinguish the traders who are consistently profitable vs the ones that are failing throughout this thread. I couldnt have said it any better then AustinP, especially that trading is very simple but not easy. Sounds contradictory but so true. My definition of an edge is...

Joint the robbins cup challenge. It is the most well known and you are pretty much guaranteed a large managed account if you win. The money is real, so you dont have any excuses.