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Sure you can look at it many ways but what is the risk on the short vs the long right now... Having it washout in a support zone shows that this level means something to people. I wouldnt want to get short after that and have to have a 4-5 pt stop to see if I am right. There is a lot more...

Long is wrong? We just completed a lower level ewave with a washout retest that allows you get in with a 1pt stop or less!? com on man dont ruin it for other traders. The selling has a good probability of being exhausted. Nothing is guaranteed, but have to go with the odds and lowest risk.

watch the shorts run for their lives

if they are going to turn the market to the upside it will be right here.

geting out here BE dont like the momentum, should have gotten more of an immediate bounce.. Could just be because of lunch low volume..

I am telling you high odds trade and very minimal risk

going long 1 pt stop going for homerun!!

Has to get back above 1423 right away...

Hit to the tick now trading over 2 points lower....

nice, just as expected. LOD definately could have been put in. Resis above market at 1428.25-1430.25. A move above those levels would confirm it.

1424 should provide support now on a retest. Lets see what happens

Its a matter of survival for the first year. If you can get through that you will have the knowledge to scale up and be consistent. Dont give up, just survive and eventually it will turn on like a light bulb. Trading is very simple, but not easy. Sounds contradictory, but if you are a good...

I dont think your wrong but you need to learn how to make a call... Take some notes...... Call it before the fact not after http://elitetrader.com/vb/showthread.php?s=&postid=1330567#post1330567 http://elitetrader.com/vb/showthread.php?s=&threadid=79351

I show it right here, just dipped below 1432, I think it was just an emotional low vol wash out. watch it get back above and get a bit of rally and then consolidate into a range. LOD has been put in or maybe a few ticks lower at 1430. Amazing selloff. You can see that once it broke below the...

market should stop at about 1432

what you want to watch for is a massive volume spike and then a reversal bar right back over the zone. If not the move is confimed to the downside and we will move much lower. Just remember it is lunch and volume is low so these are just probabilities. Nothing is 100% I have a hard time...

bastards may just be washing out the zone. It tends to happen more in low volume markets

needs to get back above 1438 in a hurry... or look out

Nice place to get long for high reward low risk trade here at 1440 add on at 1438 place your stop at 1437 and let it ride.

Here are the 2 main zones I am looking at for today. Resistance is quite a big zone due to higher level structure that it is formed from. Possibly in a breakout move and in a wave 3. I would advise to trade from the long side until a breakdown below 1437. Minor resistance is at 1447.25...