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Nice action in the pre-market. At 4:30 am EDT, ES retraced and bounced smartly off the 1530 support level (yesterday's HOD until the last few minutes before the 4:15 PM close), then moved up briskly 3+ points. (I use the terms "smartly" and "briskly" in the relative sense, compared with the...

B1S2, your post strikes me as a mixture of items that are clearly true and items that are quite controversial. First, the clearly-true ones: - Yes, there is a strong urge to overtrade, and most traders would do well to learn the art of patience and sitting on their hands for hours at a...

That was BEAUTIFUL, Steve! Thanks! I owe ya!! Went long at 1527.00, closed out at 1529.50 for a very quick +2.5.

Short hit trailing stop at 1524.50 for +4. Not nimble enough to catch the low at 1522.50, but I'm not complaining.

Eat my dust, 25! :)

Fast thinker, slow typist. :)

Stopped and reversed at 1528.50. Now short one unit. 5-tick stop.

Long 2 units from 1525.50 Took profit on one at 1529.00 for +3.5 Holding second unit and trailing stop, hoping for a stop run...

And looks like they got one. :)

Superb! For some reason, I feel like I'm just stumbling around today without a well-formulated plan. Kiss of death... :(

How about a graphic for us formation-challenged folks?

No shit, Sherlock! :D {Pardon my French.}

Raised my stop by one tick when price action started going nuts, but that's it. If I'm stopped, I'm stopped. EDIT: Stopped out. Boy oh boy, someone was playing games there. Buy orders for 2000 contracts just came out of nowhere. It's "them" again! :mad:

So why did you say only longs should be taken, and then promptly go short? :confused: I feel better now. :)

S 1526.75 BS 1527.50 (3 ticks, 1 tick above HOD) PT1 1521.50 (5.25 points) Spectre may be right with his cup, but for a 3-tick risk, what the heck?

Just got feed back. Looks like I missed out on another point, but I sure would have been sweating it if I was holding that position in the blind! :eek: Time to go short, anybody? :confused:

Stuck with my L 1521.50 Moved stop to BE Sell limit order at 1526.50 but may take profit early if we run out of gas here... EDIT: Took profit at 1525.25 for +3.75 EDIT: Just in time!!! Just lost my data feed. :eek:

S 1520.50 BS 1521.75 (5 ticks) PT1 1515.50 (5 points) PT2 1512.50 (8 points) EDIT: Nope. Stopped out for -1.25 Wrong-way Corrigan.

Beautiful! You flat ES now?

Or 1494. Or 1484.