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Ok so if I covered my short at 99.55 but I want to get short again what am I watching? 100.15 to re-enter on the 1 min or just look for a rounding out like is kind of happening now. Lately I'v been trying to re-enter a winning direction by getting stopped into the position "MO" but obviously in...

well said dan the new guy! I'm kind of confused shouldn't the question be how to determine distribution vs consolidation? I must ask myself this question 3 times a day and the answer always becomes obvious when the price moves. MP theory try to shed light on distribution vs consolidation but...

101.70 here we come

got those calls sold :mad:

Just tried to unload some 103 calls at 1.20 on that little pop to .80 and before there was a down tick they dropped like a rock. It gave me 30 seconds to get more short on the outright even though I still didn't get rid of them calls as I type this the bids are vanishing. Thinking we must test...

Does this mean anything? Either way I need this pig to get above 102 and take off it get below 98 and tank otherwise I'll be having a blue christmas :(

OMG this sucks. I haven't made a trade since I got stopped out at 100.30 on yesterday morning. If any of you guys are in the same boat coffee looks good on this pullback.

98.50 does look important. I would guess if we are still above 98.50 tomorrow then we break out and up as long as inventories don't have some crazy growth, the problem is it looks like they are expecting a 6 mil draw down if I'm reading that right which seems to place the bar pretty high.

I thought today would be the break out and up but its just a big turd plopping around. COme on Iran, talk some more smack and get the thing up to 150ish so I can just short a few far out QMs and not pay attention. I would like to place a buy stop to reverse and get long somewhere like 100.30...

that is a big draw down even with the build in gasoline isn't it? Not sure what was expected but it made for a perfect bounce off Monday's lows. Wouldn't it be crazy if we keep going back over 100 and equities tank. It will be almost LOGICAL!! Have a great holiday everyone.

I tend to agree with you at least as far as hard core scalping. It's funny you mention this today because since it was kind of a boring day I scalped like crazy, CL, 6S and KC probably made over 100 RTs and that was just from a couple of hours and I couldn't tell you how many longs vs shorts...

It worked out well the 1st time might as well try it again

Nice way to start the week! Are you looking at 97.5 to short again? I think I'm gonna use the QM and short at 97 and 97.50 if it gets there. 95.50 Seems like it must be a given.

what do I do if I think we could could to 95 or 105? Sell a strangle and buy a straddle?

10:30 should be interesting! Everyone expecting a draw down. Sell the news? God the economy must be doing great why do I only hear whining on the nightly news:p

this is kind of cool ES down oil up DX up oil up. I'm confused but happy at the same time. November is a great time for relationships to break up.

ES couldn't stay above that 57 area where there was kind of a shelf yesterday. Think I'm gonna start scaling some shorts with the QMF2.

dollar made a nice looking lower low. 101 here we come :mad: Should have taken the little profit.

I don't think that pattern is going to come to fruition today it feels like it wants to form one of those bull flag wedgy things. I think I'll move the stop to b/e and whatever happens happens.

ahh that's better... looking for that classic up a buck down a buck close unched pattern