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To me it looks like Powell too, Beijing was known earlier so why the sudden drop now?

Haha, I was also suprised it was so quiet here. Guess everyone is either praying or counting his money :D For those who only just tune in: Trump anounced a $1 trillion infrastructure plan and there is hope for a Covid treatment.

Thanks for the clarification Volpri, both posts above are very helpful indeed in understanding what you are doing. I am going through the Brooks course myself (not even half way through though) and it is clear your style is very very close to his methods. One thing I noticed: you seem to...

Can't win 'em all! At least you have the guts to post calls like that AND be right on a regular basis.

I did not notice any negativity at all Gaslight Capital. Not from you, not from others. Quite the contrary, felt like everyone was rooting for me and some trying to give me good advice which is always appreciated. :thumbsup:

Thanks for answering Volpri, clear as always. I was not talking about the trades as such, was just surprised you defined a range there. But I do understand now. Basically your definition of a range is what others might call "chop". No clear boundaries needed, just no clear trend. Right? For...

It is 5M 24 hour ES chart. (but I usually trade MES, especially during volatile times. I always have both charts open and use ES to chart since I see it as the 'main' chart over MES)

By the way Volpri, don't feel pressured to answer questions immediately (or at all even). You mentioned you wanted to take some time away from the pc so don't want to keep you hostage here :)

And if you don't mind I have another question: how did you define it as a range? For me is was a broad bear channel at that moment. Depending on how you draw the channel price just broke out or just entered the higher third of the channel. (I prefer to adjust the channel using the lows...

I understand the logic behind this set-up, but what scares me in trading it is defining the "give up" stop. Quite often price will indeed re-test at least the top of the range but first it will have a couple of strong bull bars above the range before it reverses. How do you define the stop? A...

I agree, it is too bad they left. Maybe one day they will return, I am relatively new here but as far as I know they were around for years.

Well, if I was manually managing the trade I would have closed it earlier when we went up to 3050 as well. I was looking at 3002 and 2975 as targets. Since my entry was at 3082 and I really thought we had a chance to reach 2975 I decided to put my target at exactly 100 pts for the runner. Half...

out for 50 points. That 100 point trade will be for another time.

lowered my stop to 3032, so I at least take 50 points. If we break out of this bear channel I assume the LOD is in. It ain't over till the... but damn, I was so close :(

You will not believe this: it reversed 1 tick before

not the Veezee level SpoozTop? (2975)

3000 (jun contract) holds for now, but to me it looks we will break it. I went short 3082 with 2 MES contracts, closed 1 at 3053 and decided to give the other a chance to run to 2982. Stop is at 3072 now, if we reach 2982 it will be my first 100 pts trade ever. Maybe I will regret not closing it...

I am impressed the both of you took longs today and didn't end the day with a loss. Means your entries and stops must be perfect. I would think most bulls were hurt today. I know I would have been, luckily the trend was at least clear so I wasn't tempted to buy.

Here is 3020 @Spooz Top 2. Impressive call. I guess everyone expected a move down sooner than later, but this fast and this much? I should really learn to just go with the flow. Took some shorts today but was way to conservative in both my targets and entries. Who would have thought one could...

Pretty clear trades today Volpri, congrats on taking them. Funny, I took almost exactly the same trade on (M)ES: When you talk about the high probability of breakouts failing, do you mean you keep your stop really wide to allow a false breakout?