Summer Friday
Non Farm PayrollSplash
Vacation time, and the livin’ is easy.
Trading, as we know, is simple but not easy.
Non Farm payroll can move the market,
and that’s a good thing for active traders.
All eyes focused on the reaction to the news.
Had a good week?
Choose our entry and get our four point vig,
then we have choices about when we can go and play.
Git ‘er done.
JV team on the field, but will get some help
from a few of the Boyz who are on the water.
2452.75 Resistance still in control for now.
“You always have two choices: your commitment versus your fear.”
-Sammy Davis, Jr.
11 pm
Attitude
Never make it about any one day. Relax, grab a few where we can. If not, try again another day.
Measures already calculated, now we react.
xxx
Step by step for regression trades long
6:30 am
Quiet consolidation. MATD has not produced any new ground, and there was …..
Sharp bounces out of nowhere are characteristic of corrective markets. Drop losers fast and try again.
xxxxx
Are we on schedule, behind, or ahead for the year?
Clue:
Conclusion:
MADD
Live to fight another day.
“Confidence, tempered with humility” – Charles Red Silvia
What is the Cigar Trade?
What do I mean by Stolen Range?
what is my perfect target for an all time high?
What is ...Target? ....Today's ?
Answer:
8:25
Zoom Room Open
You are invited to a Zoom meeting now.
Join from PC, Mac, Linux, iOS or Android: https://zoom.us/xxx
Or iPhone one-tap (US Toll): +
Or Telephone:
Dial: +1 (US Toll)
Meeting ID:
International numbers available: https://zoom.us/zoomconference
“Give that man a Ceegaaahhh”
Zoom Chat Notes
08:32:21 From Dennis Parmelee : 2415 first resist
08:32:56 From Dennis Parmelee : 13.75 to 16 first targets
08:37:38 From Dennis Parmelee : 17.75 to 18 resistance
09:10:14 From Dennis Parmelee : if have a directional move, i like to see evidence of profit taking
09:10:24 From Dennis Parmelee : to the middle anyways
09:10:37 From Dennis Parmelee : scene of the crime even better
09:10:42 From Dennis Parmelee : 11.75
09:10:47 From Dennis Parmelee : not yet
09:14:47 From Dennis Parmelee : magnet is 2412.5
09:16:45 From Chad : Nice ….
09:17:57 From Dennis Parmelee : agreed
09:19:23 From Chad : In context of charts or news?
09:26:31 From Chad : Looking for gap fill first?
09:35:38 From Dennis Parmelee : half gap
09:35:45 From Dennis Parmelee : 11.25
09:36:47 From Dennis Parmelee : i think 12/17 rotation
09:37:01 From Dennis Parmelee : and will need several tries for the half gap
09:37:09 From Dennis Parmelee : because thrust was up
09:37:21 From Dennis Parmelee : so pullbacks are contras
09:37:47 From Dennis Parmelee : and bots buy the pb as long as above middle
09:39:41 From Chad : Understand. Good explanation.
09:52:45 From Dennis Parmelee : if playing
09:52:50 From Dennis Parmelee : risk 2 make 2
09:53:37 From Dennis Parmelee : i think we have boyz protecting 10/12
09:53:48 From Dennis Parmelee : and need to be careful of squeeze
09:54:25 From Dennis Parmelee : i also think longs are trying for 18 to 22
09:54:35 From Dennis Parmelee : and shorts need to defend
09:55:41 From Dennis Parmelee : and if shorts cannot close half gap in first hour
09:55:49 From Dennis Parmelee : tells me be conservative
09:56:17 From Dennis Parmelee : gives slight edge to longs for bounce
10:05:45 From Dennis Parmelee : ib low support until broken
10:10:46 From Dennis Parmelee : interpreting todays bounce
10:10:58 From Dennis Parmelee : consolidation
10:11:12 From Dennis Parmelee : some stolen range …
10:11:25 From Dennis Parmelee : so curb our enthusiasm
10:11:47 From Dennis Parmelee : boyz told jv team hang in there and punch back
10:12:25 From Dennis Parmelee : MATD trades i like
10:12:30 From Dennis Parmelee : for half gap etc
10:12:37 From Dennis Parmelee : as an odds idea
10:12:49 From Dennis Parmelee : but i have learned we cannot be stubborn
10:13:08 From Dennis Parmelee : spread out trade ideas over time
10:13:19 From Dennis Parmelee : meaning not only today
10:13:23 From Dennis Parmelee : but in general
10:13:28 From Dennis Parmelee : these ideas work
10:13:36 From Dennis Parmelee : just not 100% of time
10:14:56 From Dennis Parmelee : please answer me this
10:15:36 From Dennis Parmelee : what is …
10:22:46 From Chad : Oil can’t get a breather right now. Down over 3.5%.
10:25:12 From Chad : I don’t know and I’m slightly distracted by oil at the moment.
10:34:58 From Dennis Parmelee : summertime
10:35:14 From Dennis Parmelee : most traders want to be done by noon at the latest
10:35:37 From Dennis Parmelee : hit and run
10:35:45 From Dennis Parmelee : get paid if you can
10:36:05 From Dennis Parmelee : think this is a contra against the week’s range
10:37:12 From Dennis Parmelee : longs need to defend 10/12 for their premise to remain intact
10:41:19 From Dennis Parmelee : note how ma’s are relative
10:41:40 From Dennis Parmelee : so rain line is easier to tag today because it is descending
10:42:58 From Dennis Parmelee : 2422.25 is T1 today and potential resistance target
10:47:04 From Dennis Parmelee : nas much stronger than es today
10:47:11 From Dennis Parmelee : so far
10:47:39 From Dennis Parmelee : big wedge
10:48:10 From Dennis Parmelee : W
10:49:35 From Dennis Parmelee : dont over trade
10:57:31 From Dennis Parmelee : this course is being extended into next week
10:57:53 From Dennis Parmelee : i have meeting tuesday i will work around
10:58:08 From Dennis Parmelee : but thinking go through wednesday
10:58:34 From Dennis Parmelee : i will be available for q and a now and then in that slack room
10:58:51 From Dennis Parmelee : taking a few weeks vacation end of july
10:59:19 From Dennis Parmelee : so will adjust schedule for new members who will be furthering their study
11:02:01 From Chad : Very cool. Family is super important.
11:03:18 From Chad : Cool. I have a 7, 5 and 3 year old. My hands are full. We go to beach every summer.
11:04:53 From Chad : Behind schedule assumes we are in bull market.
11:05:41 From Chad : I agree, we are. Just saying there is an underlying assumption which should be assessed on continual basis.
11:06:28 From Dennis Parmelee : i believe we need correction
11:06:43 From Dennis Parmelee : sometime this summer or early fall
11:08:11 From Dennis Parmelee : squeeze pattern needs to be undone by shorts
11:08:28 From Dennis Parmelee : what is my perfect target for a high?
11:08:43 From Dennis Parmelee : meaning all time high
11:08:55 From Dennis Parmelee : for a meaningful correction
11:09:56 From Harvey : I’ve been having a quick look around the emini web site, already found some great nuggets of info there. Any guidance on what I should read up on first E ?
11:15:03 From Dennis Parmelee : super jurors
11:15:20 From Harvey : got it thanks, will be camping out in Starbuck all weekend going through it
11:26:41 From Dennis Parmelee : 18.25 is next target then 22.25 as next resistance target
11:26:51 From Dennis Parmelee : tough trading
11:27:02 From Dennis Parmelee : frog in boiling water
11:27:48 From Dennis Parmelee : nas carrying the torch long
11:44:23 From Dennis Parmelee : paid for sure 2422.25 if long
11:44:37 From Dennis Parmelee : shorts trying 22 to 25 as resistance
11:44:45 From Dennis Parmelee : 27.75 is gap
11:45:04 From Dennis Parmelee : and t2 today is 2427
11:45:22 From Dennis Parmelee : not impossible
12:04:35 From Dennis Parmelee : taking break
12:04:36 From Harvey : thanks E, have a great weekend
12:05:00 From Harvey : nice one, thank you
12:05:46 From Dennis Parmelee : if long keep tight stop for the 23.5 to 24.75 target
12:25:01 From Dennis Parmelee : T2 is 2427 and gap at 27.75
12:25:51 From Dennis Parmelee : 18 support aggressive
12:26:18 From Dennis Parmelee : brb
12:54:08 From Dennis Parmelee : mm chart 2406.25 support
12:54:17 From Dennis Parmelee : its a beautiful thing
12:54:31 From Dennis Parmelee : now
12:54:45 From Dennis Parmelee : this afternoon idea
12:54:54 From Dennis Parmelee : longs keep squeezing
12:55:07 From Dennis Parmelee : as long as 18 intact
12:55:23 From Dennis Parmelee : just above the IB high idea
13:22:09 From Dennis Parmelee : what is the True Target?
13:35:56 From Dennis Parmelee : 2425.25
13:42:08 From Chad : Have same line. Looking for break of it to possibly coincide with break of 2402 area next week.
13:48:08 From Dennis Parmelee : thanks Chad
13:52:36 From Dennis Parmelee : rabid dog gives small rotations in squeeze until it breaks
13:52:45 From Dennis Parmelee : 2 to 3 points
13:59:50 From Dennis Parmelee : sideline for conservative
13:59:55 From Dennis Parmelee : go home
14:05:33 From Dennis Parmelee : later in day and higher we are, the better the odds for a short
14:13:20 From Dennis Parmelee : longs are trying to negate yesterday’s plunge
14:13:32 From Dennis Parmelee : unless they collapse today
14:13:38 From Dennis Parmelee : they have done that
14:13:44 From Dennis Parmelee : for now
14:25:31 From Dennis Parmelee : 50/50 odds we close 2422.5
14:48:57 From Dennis Parmelee : push or be pushed back
14:51:10 From Dennis Parmelee : if u leave early, happy weekend to u
14:51:19 From Dennis Parmelee : see u monday
15:11:00 From Per : tHANKS EVER SO MUCH e
15:11:10 From Per : whoops
15:12:01 From Dennis Parmelee : LOL
15:12:01 From Per : Have had IT issues to deal with with last 2 days so haven’t been around so much so thanks for extending to next week
15:13:45 From Per : Thanks, and got my 4+ points today so banking that 🙂
15:14:04 From Per : Have a great weekend and back at it on Monday
15:14:44 From Dennis Parmelee : be well
15:14:51 From Dennis Parmelee : good for u !
15:29:38 From Dennis Parmelee : shorts on the hook
15:29:50 From Dennis Parmelee : cant break the 20.25
15:30:12 From Dennis Parmelee : not even 5 points pullback
15:35:53 From Dennis Parmelee : back in a bit to wrap it up
15:49:45 From Dennis Parmelee : dtop
15:49:55 From Dennis Parmelee : pfs by 25
15:50:16 From Dennis Parmelee : squeezer
15:57:29 From Chad : Have a great weekend E. Thanks..
15:57:48 From Evan’s iPhone : thanks again e
15:57:49 From Dennis Parmelee : thanks Chad
15:57:55 From Dennis Parmelee : thanks Evan
15:58:06 From Dennis Parmelee : cigar trade a winning idea
15:58:43 From Dennis Parmelee : will leave this open until 415
16:18:01 From Dennis Parmelee : bingo 2422.5 close
16:18:36 From Dennis Parmelee : mission accomplished, JV team gets round of applause from the Boyz
16:18:40 From Dennis Parmelee : lol
#EMWS 3 Box system ow.ly/XHBW30dqQJ4 $ES_F
to @50 pips only problem was they were your broker’s kids ! 🙂
to @BamaTrader 2410 maybe
Zoom Zoom and ready to react DT4$
DT4$ Resistance called at 2417.75 and if can get contra to SOC 2411.75 get paid for sure $ES_F git ‘er done day
Advised DT4$ longs to cover at T1 target 2422.25 dynamite triangle breakout $ES_F using 22/25 as ressitance for profit taking, bias was up
#EMWS Longs with trailers can hold , dont give back 5 to make 3 more $ES_F frog in boiling water squeeze trade $ES_F
DT4$ 12:05 if long keep tight stop for the 23.5 to 24.75 taget $ES_F risk reward time now
#EMWS frog in boiling water trade gets it’s 2424.75 target, one to go. all stops up if long $ES_F protest profits time squeeze pivot 2420.25
#EMWS longs with profits have been advised time and price to tighten stops; resistance target is gap 27.75 $ES_F position squaring time
#EMWS Armstrong on Ill in Illinois ow.ly/kDVk30drNy3 History continues ow.ly/XQpt30drNW4
Thanks to All
@50pips @BamaTrader @clayidus @shemesht @onefourdroopy @JayHill2012 @RectorRe @BrentRShelton @thalllex @pipsnticks @WatermanLXXIII @GiantTigerCat @adz_b many thanks to all