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long 873.25 st 71

scratch

long NQ 1388 small size st 85

c) Emotions Technicals is the easy part of the game. Then if you're talking purely system development, I'd say 50/50. Both are important. A good entry allows you to have a mediocre exit and still make a profit. A good exit, even after a bad entry can give you a profit or avoid a loss...

Since you are aware of the "manipulation", why don't you just make a profit on it. :confused:

Done. The fed news reaction should be interesting. I woudn't be surpised if there is a stop run in the 67-68 area.

A little early to drink, no?

1400 acts as a magnet

Booom.:)

Now what, usual pre-fed chop? yawn

Yep, could leave some on the table though since a B/O above the yearly high at 83.5 is very likely but happy with a quick buck as momentum was slowing down under the ceiling. edit.... as I write.... call that suboptimal exit:)

Final exit at 1381.75

here we are

took most of the rest at 1377.25, leaving a runner on in case it decides to shoot for the moon.

half out at 77.25

long NQ at 1374 stop 1372

I don't know. I think the short side is crowded with traders betting on a retrace as the market is overbought. As long as there is no strong selling coming in, the short squeeze will continue.

Nice trade here pocketmoney. IMHO, if your emotions come into play after a nice win like this then you''re right, you should take a break and come back once your head is clear. Trading in a state of euphoria is as dangerous as trading with fear. The result is the same, drawdown. The...

Another reason to think we could make new highs today.

There was no buyer either on that failed ES breakout. NQ was weak all afternoon and it's been forming a huge H&S since 04/24 with a neckline at todays low, 1354.25.