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Just like trading, it's an addiction...:p

In the interest of drawing lines.... Lower high setting up many to short a break of 05. Then reverse and close on high??

Nothing wrong with finishing strong. I would rather shoot 41 coming in than the other way around. :D

I guess traditional trading strategies would say put in a sell stop at 04.50 (two ticks below last low). Or is that what "they" want us to think...??

So Enquiring minds wanna know...how'd you hit 'em yesterday? :confused:

So R3 proved to be the HOD (to the tick) for now, uncanny. Pullback to 05 then lower high at 10. Anyone brave enough to short into the close? :D

Was referring to Trend Days, but thanks for the clarification. And along those lines, it's WeDNesday (D before N). :)

Cloudy and rainy here in Florida...get out and enjoy the sunshine!!

Good idea, LF. How's the weather over there? Maybe a good time for an evening stroll? :)

Interesting to note that as I watch the DOM there is a lot of volume on both sides of the trade, but not alot of actual trades being done. I don't know much about algos, but would venture to guess there is alot of program trading going on right now. No place for us "paper" players to be, IMO.

You guys are trading what you see and sticking to your plans. Problem is, deeper pockets are in control so far. I've read less than 20% of days are T-days, today is looking like one of them.

Short from 10 is tempting indeed. Just seems like one of those T-days where they will continue to squeeze shorts higher and higher. Too many levels along the way to the 1320 area for me to get in here. My best trade is no trade...:cool:

Gap filled to the tick. A twenty point run in four hours of trading. R3 at 10.75. Reversal time?? That's the million dollar question. :p

Other than flipping a coin, I can't see any way to trade the current action. These are the times when we tend to force trades, and often pay dearly for the effort. Best to wait it out for a setup, may be a "no trade" day. :)

Yes, cash close was 09.75, RTH was at 06.25.

By gap you are referring to the 5/31 close at 1306, right?

I will be looking for a pullback to the 96 level, as that is R2 (now S) and also ~ 50% of the current leg up. Unlikely we will get there, but ya never know...

NP, funny that both me and M71 asked at the same time...LOL!! :D

Hey LF, what release you looking for at 10? I see crude inventories at 10:30. http://www.forexfactory.com/

So, being on that side of the pond, what do you think they will be trying to say to this side of the pond?? :p