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So, fwiw, i have a huge honking short signal here at 55 but I just don't have the heart to take it. Calling it quits for the week. So tired of this stupid market...

So I guess my target was on the tight side...

you're fading the stupid red line?!

<s>four</s> three words: stupid red line

+1

Yes, we were posting sorta simultaneously. If I'd seen your post I wouldn't have thrown up mine. Frankly, I like yours better.

lol. that's a clever analogy. thanks for the smile.

yeah, but 34 was r10 off 44, so it's see-saw then? My problem with r10, in a nutshell

In fairness to Mr. V, he has discussed it a couple of times. Somewhere, there's a thread about r10. In any event, as I understand it, here t'is: ES tends to retrace 10 points from a "major" intra-session inflection point. The definition of "major," however, is your call.:cool:

Another stupid episode on another stupid day...

Yeah, y'know, I noticed that 44ish/34ish thing and thought, "Huh. There's Volente's fucking R10." But then I remembered that I don't understand R10 and I never will.

It takes very little to make a long trade work in these markets. Buying at a double-bottom, even a very weak one, is decent odds if there's no selling momo -- for now. The danger lies in becoming inured to these absurd conditions. In that respect, Ammo's caution was well placed. In a...

well, the stupid brain-dead trade worked. then again, it's a stupid brain-dead market.

yeah you're right...we do have that weak dble bottom and a test of yesterday's low (38) isn't too much of a stretch. but this was basically a stupid brain dead trade. My stop is in 5 ticks below my entry. Gonna get some sleep.

long 35.50 target 37.75 stop a point or so

out at 41.50 too wiped for this shit now. no longer thinking clearly...

long 39.25

Oh, THAT spot...

"x" marks ... well, what spot exactly?

a rally trigger if ever there was one