FED Up
The market took some profits today and closed the 2497.25 gap, but the 92/94 zone we thought might hold did and ran all the way back up the news pole.
Today was a a daytrader’s dream after being so rangebound the past few days.
The goal was to be prepared to react, the R in PPTPAR.
The slow drip began to erode longs profits for the week and weak hands were shaken out as the V bounce re-auctioned the day’s range.
Both Late longs and late shorts took it on the chin today.
13 point range felt like 100, didn’t it?
High Holidays are here and best wishes to my Yiddish friends.
Slack
Zeek Snodgrass [8:23 AM] gm
Renato Santos [8:33 AM] GM
tradingsimon [8:40 AM] Hi all
eminiwizard [8:44 AM] gm all
[8:44] nothing has changed, other than my fear of heights
sanitized text
Zoom Room
09:17:25 From Dennis Parmelee : good morning
09:29:45 From Dennis Parmelee : looks like early squeeze
09:30:16 From Dennis Parmelee : hit and run risk 1 make 1
09:31:38 From Dennis Parmelee : t1 7.75
09:33:22 From Dennis Parmelee : 05 half gap
09:33:40 From Simon : NQ closed gap and backed off
09:37:35 From Howard Lu : sorry, what is the game plan again?
09:37:39 From Howard Lu : sorry i was late
09:42:33 From Howard Lu : thank you so much
09:43:14 From Dennis Parmelee : u bet
09:43:20 From Dennis Parmelee : i videoed it
09:49:21 From Dennis Parmelee : symmetry trade completes at 7.25
sanitized
15:56:29 From Dennis Parmelee : gn all
Resistance zone 7.75/ 2508.25 held for DT4$ shorts and gap trade, angel held at 2502.5 for RTH buy ow.ly/qZxC30fiLfQ FOMC sidelines
advised any DT4$2 shorts to capture by 03 in this profit taking swing ahead of FOMC
8:44 nothing has changed, other than my fear of heights so I urge caution for any new longs 09:56 symmetry trade completes at 7.25 DT4$
thank you. in a bunker right now. admin@eminiwizard.com
soc 2502.75 is a key for now for any re entry shorts DT4$ 98.5 t2, t1 is 2500.5
DT4$2 using 92/94 as support for profit taking after gap fill 97.25
buyers advised PFS BY 99.25 and 00.75, more is gravy in fast auction territory
DT4$2 soc 2502.75 traders thinking day low and hi are in already
02:57 PM 456 done for v bounce likely high and low in for day lol cs longs trail for 2.75 to 04.25 that is resistance boyz trying to get to
Videos
Today’s video ideas for DT4$2 Traders
1 https://youtu.be/xxx
2 https://youtu.be/xxx
3 https://youtu.be/xxx
4 https://youtu.be/xxx
5 https://youtu.be/xxx
6 https://youtu.be/xxx
7 https://youtu.be/xxx
8 https://youtu.be/xxx
9 https://youtu.be/xxx
10 https://youtu.be/xxx
11 https://youtu.be/xxx
12 https://youtu.be/xxx
13 https://youtu.be/xxx
14 https://youtu.be/xxx
15 https://youtu.be/xxx
16 https://youtu.be/xxx
17 https://youtu.be/xxx
18 https://youtu.be/xxx
19 https://youtu.be/xxx