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Well said.. for a daytrader that doesn't need to scale in/out this analysis I have found to be detrimental.. That said NQ needs to breakdown pronto or REALLY steep ascent could materialize with first pause likely at 1900-ish, then 1918 and 1940.

schizo.. I see you were drawing a channel there,...

That is a funny chart... You can't use today's high until it becomes a pivot.. All downtrend lines HAVE been broken.. 1120, 1130 next.. question is Monday's retrace.. 1094 is a buy zone..

And if 87 taken out?

yup.. sell the news.. the long consensus here a negative sign..

If 87 is taken out?

When a bear is convinced we're going up we're going down..:p

Sorry... 1050 to 1150... The recent market beatings affecting mi tipyng

Please work on generating 1050 to 1100 range rest of the summer.. Thanks..:)

What's a T-day?

So far looking like a trap day..

-1 L1859

NQ 240m

Short NQ 1857.5

Some room to 1090-ish

Think such a stop will survive the 10am report?.. Looking for short stop NQ 1843..

If not you are "anticipating", and that road is littered with various carcass, mine included. I also market in a lot but occasionally the move can be so quick I freeze... then chase.. Same goes for stops. I have scratched many a trade that sniffed my stop only to seriously go in my favor...

Assuming a 1082 stop, why not use the 10:45 low to short 1077.75 as it represents another pivot? This also represents a TL, although a short one.. This reduces risk no?.. All depends on how much a retrace you require to define a pivot.. Similarly later at 1:45 the same 1078 is again the bar to...

No wonder I don't remember that... everything I teach I forget. I actually "give" the thoughts away... :p Seriously, lately I have a horizontal channel that represents my account risk stop and simply drag it around as needed.. Once there is a reversal, place it immediately and price must...

Sorry my account can't handle that!!:D