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Now that was yesterday. Today's chart looks even better. So, again, screw all the glitter of Mag7 and stick with the tested and proven company. Well, that's my thinking.

5560? You're obnoxious, dude. :D It's more like 5460 (not 5560) is your best chance to unload before it flips on you.

Do you have trouble understanding English? What you're saying has absolutely no bearing on what I said. What I meant by consistency was making a consistent amount each day. Consider the following examples. Trader A: Day 1: $1000 Day 2: $250 Day 3: -$500 Day 4: $500 Day 5: -$1500 Trader B: Day...

As they say, hindsight is your best friend. :) But weren't you feeling giddy, like everyone else, when ES was spiking higher by 100 points, thinking the selloff is finally over?

As you can see, we're barely above the trendline. Were we to plunge tomorrow and pierce below the TL, this is what I expect to see playing out in the coming days.

2 day price action is not the same as intraday PA. Anyway, need to further monitor the Globex tonight but if we break below today's low, which is VERY HIGH, then expect some real pain. This market will be in a serious trouble.

Were we talking about 10 or 20 point whipsaws?

Can you just STFU for once about this V-reversal crap? :banghead::D Pay attention to the price action. What is it telling you? It shot up in the AM (by 100 points!!) but then it literally cratered back down to where it began by the close. That should tell you we ain't getting a V-reversal for a...

Reading all the frustrated comments above, I guess I ain't the only one. o_O I could understand if we retraced from the HOD and closed at 50% FIB (for all ya fib lovers) or even 62.8%. But close exactly at the LOD? Seriously??

I don't even know where to begin. How the fuck do you explain this?

The goal should be CONSISTENCY. Are you currently profitable every day? If so, what is your current average daily profit? If you're up $1000 one day but only up $200 the next day, followed by a losing day of $400, then you have a problem.

Provided that your winning streak doesn't backfire on you. But we all know that we usually push our luck too far and end up giving back all of the gains for the day, if not more. I think that's what the OP is implicitly saying.

It looks like just about all the candles at the bottom were 100 pointers. So, here's a key takeaway. When we make 100 points in the opposite direction before lunch, it means the macro trend has changed. Go bulls! :)

Damn girl, you're hot!

I know the feeling. It's called gang rape.:) But that dude's been on a winning streak for like a month. What's he complaining about?

When was the last time we've had a100 point really before lunch?

After 30 years and you still don't know what a low risk/high reward trade is? :rolleyes: Had you said 3 years, I would have certainly understood. But you get zero sympathy from me. Sorry if I sound downright condescending, but so be it. BTW this morning's rally is a low risk and high reward...

Short 5495 SL 5512 PT 5465

It's strange to see a straight up move like that, even if was a short covering rally, especially at the bottom (and it was THE bottom).

It's a moon shot. Not 1 major red candle. Roger that.