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Long from 1539.75.

I'm here.

I hope you don't think I was talking about you!

If you're really on his ignore list, he'll never hear you. :eek:

Nasty tone on this journal today. Can't we just trade and get along? :confused: Maybe it's a Friday thing...

'Cause 2 points is the maximum risk Vol is willing to take on this trade. Do I gotta 'splain everything? :) :) :)

I'll bet you a steak dinner at Ruth's Chris (the most expensive steak place I can think of) that he's not. :)

That's interesting. First I've heard of using asymmetrical BBs, but it certainly makes sense. Thanks!

Yeah, I'm doing that. I'd still like to know what timeframe you use for BB to establish the range to trade.

Can you elaborate on both timeframe and technique with respect to Bollinger Bands?

Why would you expect it to rise to 42-43 before heading down? The rapid decline you mentioned went roughly from 44 to 37. It then retraced to about the 50% point, which is the most likely retracement. If there's another leg down, don't you think it's most likely from current levels (40-41)...

Great call! Stopped out my long, dammit. Will re-enter lower. Zero-sum game indeed! :)

Sounds like caffeine deficiency syndrome to me.

Not sure what you're looking for in the way of confirmation, but I have a perfect reversal bar on my 15-minute chart (the 1:00 to 1:15 ET bar).

Sorry, Sax. It was probably my huge long position that stopped you out. :) :) :) :) :)

We have now retraced exactly 50% of the move from 1532.50 to 1540.25. I am now long. Here's one possible interpretation of the big picture for those into wave theory. It suggests we're in the fifth wave up of the fifth wave up since the fed rate cut. For this view to be valid, we need to get...

Well, I just got stopped out on my trailing stop at 1534.50 for a disappointing +2.25. The price action has been terrible, and I was tempted to close out this short several times (while trying not to fall asleep), but so long as I was seeing a series of lower highs and lower lows, I stayed in...

Sounds to me like if most of your winners are between 2 and 4 points, you might want to concentrate on improving your entries rather than fiddling with your stops and profit targets.

Finally broke through 1533.25 after numerous tests. Support should now become resistance. Lowering my buy stop and staying short here. If we rise much above 1533.25, I will stop out with a small profit. I would like to ride this short to a close-the-gap, but I'm not confident that will happen.

If you're right, I get stopped out (stop now at breakeven) and may go long. Initial target for this short is 1531.25, assuming we can break through support at 1533.25 which so far is holding..