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Good (mid) morning everyone. Ok, so the morning low was 1051.25. We hit my target. If that holds we will be in the clear for at least 5 days or to at least 1126, whichever happens first. Plenty left to do for price to escape this lower range.

I shorted at 1088.25, with some leeway to 1094....rode to 1070.25. nice to not have any open positions overnight. Yeah you gotta love this volatility, but yeah being focused is key. Congrats on your trade. Its always nice to add to the bottom line.

What is your normal profit target? And do you trade via automation and just manage that?

Very good, I'm a few ticks away from my exit. Nice 18 point profit in a few hours. You gotta love this volatility!

TradeMaven is a good company-Does anyone trade futures with them? Thanks for the thread.

Would be interesting to see ammo if there is a correlation between the two conclusions. I have never taken the time to correlate the two.

The full Globex session extended 100% today off of yesterdays range from its low point. Statistically, within 3 days the market will drop another full range of the original first day. Meaning the down side target for the ES is 1051. Uh oh. Sometimes its a fake out and but this is a nice guide...

No, I use those special TL's as guides [they are not trading signals] and I wait and see if they hold for a glimpse at the larger picture. But they are launch pads up or down or vice versa if they are being drawn off of high points. I still trade my signals around them. The benefit being...

Yeah it looks like it wants to take care of that 1094 level. Which is good for me because I am short :D If we close lower again tomorrow, we are gonna be trapped at 1110 as serious resistance. Be nice to see any type of price increase, after of course my trade back to 1070...I don't like...

Ok, we are at 1083 area, lets see what price decides to do, it could really sell off here and this could be a fast 18 point profit. if it holds we could be in for a longer trade, possible a loss.

Ok, trade is filled, we should see a timely drop to 1083 level then from there price may start to dance around...once price closes below 1076 on the 30m bar, stops are moved to break even.

We just need a little push up to fill, then I can sit back and wait to make or loose money-ya gotta love trading :D

Interesting...

Missed my fill by 3 ticks so far, hopefully we get a push back up

Thats why I stay away from FOREX.

Has anyone in here looked at what ES price action does when a days No-Globex session expands more than double the range of its overnight Globex session? [make sure the 16:30pm Globex open 30m bar is not the high for the day or in reverse, the low for the day. And yes, there are a few caveats...

If this rally continues, most likely todays 9:30am est 30m bar high will be revisited (1094). My order is in for sell short at 1088.25, but 1094 is likely as well...but it runs the chance of not getting filled and missing the trade...

Wave, do you study Elliot Wave Theory/Gann Theory type stuff? I'm new to this forum so I don't know. Just curious why you speak of 850 as next stop within an if/then context? I do not doubt that we will see 850 again, but we will see 1240 before 850, regardless if we break 5-6 lows.

That wouldn't be good. I like stable markets. or at least predictable ones.

If the ES does not close below 1070 on the 30m Bar and the rallies to 1088.25, sell short at 1088.25, cover at 1070.00 and set your stop at 1102.50