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but it is good for only 20-30 points as i suggested before but once the drums starts rolling, then depending on charts you can stay or get out of the trade This strategy is to determine the very beginning point of reversal of a trend with highest probability and i finally am able to get the...

had a little miscalculation, instead of 40.00 it was between 34.00-38.50 the real sell off where all signals are fulfilled, for shorting with conviction.

looks like someone likes suicide watch.:p

damn new twist, we need to go to 40.00 and above before committing to shorting with conviction ( for my swing play). For now my strategy i need to find out if price will go down to 2985.00-2905.00 region. this strategy should be a momentum play.

if this was the beginning of the sell off as B1S1 mentioned then i would be really happy, as i am trying one strategy and as per the strategy around 30.00 and higher the sell off should start. But since this strategy should atleast net 20-30 points so if the sell off does not net atleast 20-30...

waiting for one final wave up @ this point then will take position. will play a swing and hold it overnight.

question is did u play it all the way??

good call, u have a crystal ball too ??:D

i can compare trading to travelling, not the regular packaged tours/vacation, but more like off the beat path kinda travelling. getting to experience real and genuine pleasures and worries is on the same level as trading. Learning something new and enjoying small mundane happiness.

prophecy is coming true. tomorrow might see it.today looks like a range of 10 points (28.50-18.50), back to 2900 might happen soon. they couldn't make a new RTH high and ceiling looks fcking awesome 28.50 well will check back tomorrow.

wow very big divergence, ceiling formation happening, at the same time upmove PA forming. looks like an entry will happen soon.

Looks like crystal ball wont leave the market alone till it makes a new RTH high.

i love volatility, i seem to make really good money when markets are volatile. My probabilities go further and beyond my profit targets.:D

price is in a bracket, no clear signal, vix did try to indicate it wants to go down meaning, price will go up. but when is the question ???

oyee flat now 28.50.

did we make a new RTH high ???

here i will check PA, @ 28.50 anything can happen, bulls were not able to lay a trap which would have meant price would go very high, bears did lay a good ceiling pattern @26.50 so they could push it down as they showed their intention, so have to watch now.,

that was a beautiful ceiling they made, but also bulls are trying to lay a trap, so who will succeed will have to watch.

they made a ceiling in short term charts @ 26.50 but lets see if the down move will have momentum, so far all downmoves got rejected but finger on trigger now.

having that knowledge is not enough, when it goes against you how you manage the trade is very important. also sticking to the trade plan is hard, thats why stop loss atleast getting a good stop loss placement whether hard stop or mental stop is of paramount for me. getting into losing trades is...