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Choppy Open as one would expect after yesterday's big move. Guess there's also still a few people shorting this as it can't go higher now, right? :)

I'm expecting this to fail shortly above yesterday's high, but who knows anything in this market... Lock in 2 points here at 48 just in case.

Okay. Lock in 1 point of profit and putting in a limit sell at 65. Doing something else for a while. If today is another rip higher, I'll finally agree with @schizo that this is indeed euphoric. :p

Putting stop at B/E for now. May get a PB before higher, so no need to risk it. Plenty of time to re-enter. Targeting a push to 5560. Maybe we can get 5570, but doesn't seem like the day to be greedy.

Stopped for one point loss. Went long again at 46. 3 point stop. EDIT: Make that a 4 point stop. Waiting for RTH if stopped. EDIT 2: Make that 5 point in case the range low holds here.

News coming up. Reduce risk to 1 point at 42.75.

Add one here at 47.50. Avg. 46.75. Stop on all at 43.75.

L 46. S 42. PT 5560. I may be too early, but the R/R is good and my size is minimum. Will see if I can get a better entry at lower prices if stopped. Not expecting much from today. :)

Yesterday was a trend day up closing at all time highs. That suggests today will be a consolidation day which may close around yesterday's close - probably bounded around 5530 - 5565. No positions yet today. Waiting for a dip lower to buy. Should we open with a gap above yesterday's high it...

His entire approach is based on positioning. I suggest you check out his interview in Unknown Market Wizards and other free content he has if you genuinely want to learn more about his approach. I don't take any positions myself based on his content as I don't need to, but he strikes me as the...

That could easily happen. I see there was a reaction off 1 % up, but no biggie so far. Personally, I'd be cautious on new longs up here, but it's a trend day until it's not. Still 90 minutes left.

I've no positions and this point and won't take any new ones, but it's a trend day up for now. Trend days up make the daily high within the last hour 80 % of the time. Average change is around 1 %. Currently, SPX is up + 0,83 %. 1 % up takes us to 5486 on SPX. If I had a position on I...

I think the key point was that in 1999 everyone was involved in the stock market somehow and there was broad participation. If that was the case today, surely people would be talking about it non-stop both on X and in real life. He also look at various data points (COT report, S&P equal...

Easy day for me. Long on the morning pullback and had a conservative target above Friday's high, but decided to just trail my entry and it exceeded my expectations to put it mildly. Flat for the rest of the day. :) New longs entering into the September contract or what? Any other news? I saw...

At least they were cheap, no? :) Maybe sell them instead for zero risk (joking).

Holiday week coming up. Man, you Americans have holidays all the time. LOL. I would guess sideways and higher (new highs) this week, too. Maybe that gap below (5384) can be filled, but not necessarily, IMHO.

Market Wizard Jason Shapiro says this is the most hated bull market he's ever seen and according to him, this is not like 1999. At least not yet. Good video. Measuring Market Euphoria: Is This 1999 Again? - YouTube

Maybe as simple as that! :) PS: I posted that to the group I mentioned who usually seem to get it wrong. Even in January, the consensus seemed to be that 'this market has to go down'. LOL.

I posted this elsewhere the 30th of January and thought I had re-posted it here, too, but couldn't find it now: When I made that post by end of January this year, the S&P 500 closing price was 4924.97. Friday's closing price was 5431.60 with the S&P500 up 13.87 % on the year. So, based on my...

You really want to go down that path? Let's see how sensitive you are then. Your trading approach in summary is averaging down and hoping for the best. It was that way when you were a cowboy point and click trader and it was that way when you were dicking around with that breakout algorithm of...