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If you want a prove that the ES is all about short squeezing without reliable price action, then look at 10pm, a double top at resistance, and then a nice U-turn. After the U-turn it closed on all time frames below resistance (which means resistance held), just to jump up higher right...

No, the other way around. IB is the only non shady shop in this business. I know only 1 broker who bailed out their clients when they bought WTI below 0.00. And I know only 1 broker who doesn't sell order flow. They are the only shop who do not pick pocketing with widening spreads to stop out...

Yes I see the head and shoulders pattern or bat as well but I don't trust it to be honest. If I were a institutional bull I'd start the printing press now. I still sit on my hands today. Congrats on those who had the guts and made money.

I did not get told so, I found out by myself. The thing is sometimes it does match them other times it doesn't. Edit: you could consider having a separate Account for PNL reasons.

It depends on several factors. First you must buy them as a combo. If you buy 2 legs separately I found myself in the same problem you have. 2nd factor is portfolio margin which considers certain greeks levels as risky. 3d factor is options have an exponential margin. Means if you sell 10 of the...

you can predict them when we open at important levels. We opened right above the 200 days EMA of SPY (293.6) (if we are below its technically a bear market so its very important to bulls and bears) and below yesterdays close, few points from the weekly and monthly high. and then there is also...

Oh yeah forgot, Inside day is what most traders call it.

Its a trading range days. up and down all day without reliable PA. Do not search for trends in the first or second phase of the day

happy trading range day everyone, good luck.

No institutions who bet against you. Just some good traders and some average Joes. Means no reliable Price action. Either buy and hold or gamble.

What makes you so sure this money does not go into fixed income/ bonds since we could be heading for a deflation?

There is none. It does not get much better then IB PM if you want a serious broker. There are shady shops who do. But since they will sell your order flow big institutions will see your positions and immediately bet against you. It is not a clever idea.

I do use them to add to positions when the market is strong, did not today as I took profits early (I was always in long since German opening, but did watch the market still). do you guys tend to scale in / add to positions? I guess @speedo doesn't

It was an exhaustion sign. Some have studied and saw it coming, others didn't

Wedge top... pullback or reversal likely

congress passed stimulus, new vaccine news (but not relevant imo). Besides that a test of the SPY 200 EMA was likely (it's part of the definition of a bear market)

what a lucky bastard you are :) I am assuming you got out on BE?

I think we will retest SPY 200 EMA which sits around 2937. Disproven if 2950 holds after lunchbreak

ok i apologize, I admit I have forgotten RAM.

My call was sideways after the upchannel Edit: @speedo where did you learn PA? Brooks? (I did).