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thanks, and you're welcome. we just have to keep losses less than the wins.

stopped out for about $110 loss. down about $212 for the day. MNQ struggling to hold above EMA(20) on daily.

one of my favorite setups. 1st swing after crossing SMA(200). got one on and will see if there are any opportunities to add. also watching higher time frames as they are still wishy-washy around their respective 200.

got the gap fill at the open on 1st 5m bar. i seem to have the best trades at the open. sometimes i wonder if i should just do that and call it a day.

in other things. below is a quad of charts on MNQ (time-frame noted in yellow boxes). note that all of them are below their respective SMA(200) (gold line) with the 5m testing it which (on the 5m) is confluent with prior day low and S1 pivot among other things. as i'm typing this the 5m got...

note that had i of left my initial stop in place below swing low (approx $110 risk) i would still be in this trade. i may regret moving to breakeven.... or maybe not. bottom line it may end up being a missed opportunity but i can't focus on that. just file it and move on.

stopped out last night at break-even plus a couple ticks.

screen shot of my 5m 20 ema chart with pivots and prior day hi/lo. notice the fib tool encompassing the day range (U.S. regular trading hours) as things unfolded after FOMC my initial long position took a small loss and then i was short 1, got a slight pullback and added another. so was short...

well, that was like paddle-ball. my desired close above 3300 was denied so trade is still in play and stop in place. the fact that price was not able to close above daily 20 ema , 38.2 fib, or 8 ema, = not so hot. however the gap still wasn't filled (according to Ninja data) by about a point...

stopped out for a net +$15 ALMOST enough for 12-pk

everything holding up so far but fireworks about to begin. long 2 MNQ after rejecting 20 ema. target @ R1 but may run out of participants leading up to FOMC. up over $1.2k for the day but that includes $466 profit from NQ trade during Asia session last night. will trail this up 'til it...

some thoughts on MES trade. as you can see from chart, it's very close to closing gap from a couple days ago. in fact on TOS, their data is saying gap already filled. will the real gap please stand-up!? as i posted previously; i'm going to hold and close out if we get a close today around or...

with news and FOMC today coupled with big range move yesterday i would not be surprised if we have a spastic range chop day. i will adjust accordingly or just sit on the side-lines. depends on what personality Sybil the market wakes up with today.

out @ 9147.75. a bird in hand...

some weakness showing up with longer wicks on sticks and inability to close above channel boundary line. it may be time to lock in profit. if price reaches 61.8 extension, well that me be a good level too but a close on one of these sticks below 9150 will be my clue to take what i got. hey...

after posting this we got inside bar doji that just broke to upside. playing it close...

channel boundries tagged. now we wait to see reaction. stop moved up. 87.5% extension = 7/8's of consolidation wedge range which if hit would be a satisfactory and expected range move.

while i'm waiting for MES trade to play out i saw a setup this morning on MNQ. note the ascending channels. a channel within a channel and fib tool with extension. i was able to get 3 contracts on and am managing accordingly. imo there's a confluence of 1) the larger channel mid-line and 2)...

Asia session before dinner, took this setup on NQ for 1 contract after the big 5m bar cleared the ema20. got in @ 9120.75 and out at the gap close minus a tick @ 9144.25. the MES micro trade (3 contracts) is still in play with stop loss is at break even and price is hovering around 3290 as i...

MES trade within 10 pts of filling gap @ 3293.50. my target though is dynamic and would require a close at or above 3320ish. not likely to reach that today but it will decrease in value tomorrow so we'll see.