The market gave us a nice pullback on the opening drive, but the 74 target held rock solid for the rest of the day.
I had hoped for a bit more to the downside for better odds for the buy side, but it was not to be.
The rainline was tagged, then the consolidation came until lunch when we had an awkward buy program that was goosed by the Boyz and targeted the ATH like a laser.
For traders who had a good week, today was icing on the cake.
Beginning of month bias continues.
I lost about 6 videos today, sound stopped. Most of them were detailing moving stops up as long as 78 remained intact, longs were good until the double top and timing said get paid.
We suggested 87.5 to 88 as resistance stop for the late contra.
Step by Step ow.ly/rbzS30gkobO day trading is easier if we know OTF agenda DT4$
DT4$ shorts advised paid 74 t1 at 73.5 longs using 72 support ow.ly/MirZ30gkXd6 longs advised trail 78.25+ and PFS 82.5 to 83.75
RT @TheFibDoctor: #FF @hertcapital @eminiwizard @MarkArbeter @fabiancapital @SamanthaLaDuc / thanks Dave and #FF back at all these pros
RT @casper409: #FF @SJosephBurns @thewavetrading @MissTrade @zspb @FuturesTrader71 @MarzBonfire @Ancient_Warrior @FOREX_VALUER @MissTrade
Thanks and #FF back at you @casper409
1:04 E both ends of overnight range again taken out nasty. target is 85 test for longs
High odds trade plays out after 78.25 gets beat during lunch jam session ow.ly/Bj2W30glbEF buy support in pullbacks works again
RT @RenaTrader: ES traders: #FF @eminiwizard @PivotBoss @MarzBonfire / thanks Renato and #FF back at ll of u.
Late contra little consolation for shorts today ow.ly/RQib30glsWs DT4$
Thank You
@RickRroe1 @JohnConaway @MarzBonfire @clayidus @RenaTrader @abydnave @onefourdroopy @shemesht @AnneMarieTrades @MissTrade @casper409 @liiviltee @danknow_dareal7 @theiatestgame @FuturesTrader71 thanks to all and any I missed
Slack
eminiwizard [8:27 AM] good morning
[8:28] sideline for news [8:28] xx support [8:28] 78 xx pivot
Zeek Snodgrass [8:28 AM] gm
eminiwizard[8:29 AM] 82 to 88 resistance
[8:29] broad stroke [8:30] 72/75 intact is trouble for shorts
Renato Santos [8:30 AM] GM
eminiwizard [8:31 AM] hi renato
[8:32] stop 81/82 for agg shorts[8:32] longs using 72 stop[8:33] making it xxx[8:33] for testing 85.5[8:33] xx done[8:34] xx almost done[8:34]xxxx[8:35] normally xxx[8:36] this is a retest of breakdown[8:36] dont get overconfident long[8:38] https://content.screencast.com/users/EMWS/folders/Jing/media/9f71ad0c-7040-4b17-82ca-c49e44bcd07e/2017-11-03_0838.png (43 kB)[8:38] 2 way right now[8:40] grab a point or two if can
Zeek Snodgrass [8:40 AM] 75.5 xx
[8:40] xx[8:41] 77 globex angel
Mike M [8:42 AM] remember when nfp would move us 50 points
Zeek Snodgrass [8:42 AM] yes
Mike M [8:42 AM] something between then and now would be nice :slightly_smiling_face:
Zeek Snodgrass [8:42 AM] bots in charge
[8:43] divide by 20 since they are short the VIX
Mike M [8:43 AM] y
[8:43] vix barely alive
Zeek Snodgrass [8:43 AM] better chance of making pigs fly
[8:47] trading very few contracts since employment report
eminiwizard [8:47 AM] symmetry
[8:48] yest high +/- for today range[8:48] if short grab something by 77.25[8:49] gap 76.75 day open 77.25[8:52] angel 77[8:52] stops down if short[8:52] xx but at gap[8:53] demon 78.5
[8:56] https://content.screencast.com/users/EMWS/folders/Jing/media/1247adea-ced9-4dfe-90c1-b75e1e30d093/2017-11-03_0856.png
eminiwizard [9:03 AM] today its important to keep eye on yest high
[9:04] if we stall long side we can test the 74/7[9:04] i will think conservatively[9:04] grab a few
eminiwizard[9:16 AM] https://zoom.us/j/824704566 zoom
eminiwizard [3:01 PM] https://content.screencast.com/users/EMWS/folders/Jing/media/2956902c-321d-4aab-b6d3-b0f12fa4abb8/2017-11-03_1458.png
[3:01] https://zoom.us/j/653172445 zoom for another 15 mins or so
Mike M [3:08 PM] thanks dennis have a great weekend everyone
[3:08] came back to see where we are, nice move by the boyz[3:09] see you all soon
Renato Santos [3:09 PM] bye Mike, have a great weekend.
[3:09] Thank you, Dennis![3:09] Great weekend everyone!
eminiwizard [3:52 PM] bye all
[3:52] have fun[3:52] was thinking get 82 test by EOD[3:52] not yet
eminiwizard [4:37 PM] 82 test after all
[4:38] next week i am teaching course dt4$3[4:38] anyone taking it see u in that room[4:38] please post in there if taking course[4:38] others are welcome to post in general to help each other[4:39] will protect integrity of class by confining my posts to that room[4:39] best to all
zOOm
09:18:16 From Dennis Parmelee : good morning
09:24:29 From Zeek Snodgrass : I am thinking that we need to test 83.5 demon to trap enough long to get us back to xx 75.5 and rth xx at 72.25
09:24:50 From Zeek Snodgrass : Friday, and longs are ahead on the week
09:25:04 From Zeek Snodgrass : remember last week when a loss became a gain for the week
09:25:31 From Zeek Snodgrass : 78.75 pg xxx
09:26:28 From Dennis Parmelee : so xx
09:26:36 From Dennis Parmelee : xxx
09:26:52 From Dennis Parmelee : xxx
09:27:02 From Dennis Parmelee : from 68 support
09:30:02 From Mike : think like a crook and gl
09:32:18 From Zeek Snodgrass : 77.5 half gap
09:33:05 From Dennis Parmelee : same
09:33:11 From Dennis Parmelee : 77.75
09:33:55 From Zeek Snodgrass : 74.5 xx
09:39:42 From Zeek Snodgrass : PMI services at 9:45
09:40:08 From Zeek Snodgrass : Non-manufacturing ISm and factory orders at 10am
09:40:59 From Zeek Snodgrass : Friday pattern is to come back first rth hour and then creep up rest of the day
09:41:38 From Zeek Snodgrass : y
09:41:56 From Zeek Snodgrass : we got news to cause a jump rather than a stroll last week
09:43:28 From Dennis Parmelee : paid by 75 to 74
09:46:50 From Dennis Parmelee : 73.5 is t1
09:47:05 From Dennis Parmelee : news trading
09:47:15 From Dennis Parmelee : flat and react my plan usually
09:52:02 From Zeek Snodgrass : xxx
09:52:26 From Zeek Snodgrass : xxxx
09:53:18 From Zeek Snodgrass : xxx
09:54:55 From Zeek Snodgrass : news at 10am
09:59:03 From Renato : nice call, E.
09:59:47 From Zeek Snodgrass : NQ gains have been pared since the open
09:59:57 From Zeek Snodgrass : almost got to unch on last down move
10:00:05 From Zeek Snodgrass : AAPL up less than 4
10:00:12 From Zeek Snodgrass : Lines at stores are fake
10:04:44 From Dennis Parmelee : reshort agg is 78/79 resist
10:04:56 From Dennis Parmelee : we went hi to low
10:05:04 From Dennis Parmelee : so maybe get 1 more short
10:14:41 From Zeek Snodgrass : 1 tick left on nq gap
10:19:04 From Mike : thats a mighty big assumption
10:19:06 From Mike : lol
10:23:12 From Dennis Parmelee : lol
10:29:01 From Zeek Snodgrass : ANyone want to make predictions for 2018?
10:29:41 From Zeek Snodgrass : Comey Bill and Hillary are indicteed
10:30:02 From Zeek Snodgrass : Dems lose mid term election because of what Hillary did in 2016
10:30:24 From Zeek Snodgrass : Economy has another very good year in 2018
10:30:45 From Zeek Snodgrass : stock market is too hard to predict
10:31:22 From Zeek Snodgrass : Yankees rehire Joe Girardi
10:32:02 From Zeek Snodgrass : Cleveland wins the World Series
10:32:10 From Zeek Snodgrass : NY Giants fire GM and coach
10:33:07 From Zeek Snodgrass : North Korea settles for $24 in beads
10:33:58 From Zeek Snodgrass : Tesla learns how to weld alluminum and steel making Model 3 deliveries soar
10:34:16 From Zeek Snodgrass : Fed stops raising rates
10:34:51 From Zeek Snodgrass : Things have picked up last 2 weeks
10:35:12 From Simon : UK is no closer to Brexit
10:35:40 From Zeek Snodgrass : Had 35 brokers for open house yesterday and another half dozen who can’t tell time
10:35:59 From Zeek Snodgrass : I will have one epic rant in 2018
10:36:14 From Zeek Snodgrass : so far none in 2017
10:36:53 From Zeek Snodgrass : Florida real estate will be driven by low taxes
10:37:21 From Zeek Snodgrass : My wish for 2018 is much success for everyone
10:37:30 From Zeek Snodgrass : and the end of government free stuff
10:37:32 From Dennis Parmelee : thank u zeek
10:37:53 From Mike : ty zeek same to you and all in here
10:38:11 From Zeek Snodgrass : To get rid of socialist, we need to eliminate compulsary union dues
10:39:43 From Zeek Snodgrass : yes
10:40:12 From Zeek Snodgrass : the amount of money funneled to socialist political agenda is mind boggling
10:47:41 From Dennis Parmelee : to get 71 test
10:47:51 From Dennis Parmelee : shorts need to defend 78.5
10:48:22 From Mike : it is mind boggling z i dont’ get it
10:53:49 From Zeek Snodgrass : Public Education is being used for a particular political agenda
10:57:26 From Zeek Snodgrass : I am waiting for new lows
10:57:42 From Zeek Snodgrass : 74-77 since 10am
10:57:55 From Simon : I traded dow for first 50 mins and nothing since
10:58:43 From Zeek Snodgrass : market seizing up due to shortage of robot lube
10:59:39 From Zeek Snodgrass : shorts vulnerable to being stopped next 30 minutes
11:00:35 From Simon : We had FOMC and NFP this week
11:00:35 From Mike : done for now back later
11:00:45 From Simon : Really? Yep!
11:01:52 From Dennis Parmelee : i like short side for test of 72/71
11:01:56 From Dennis Parmelee : not yet
11:06:35 From Dennis Parmelee : by 11:30 I want’er done finished to see git
11:06:44 From Dennis Parmelee : i mean primary trade over
11:07:20 From Dennis Parmelee : git er done is the morning traders take profits
11:19:14 From Dennis Parmelee : dont force trades
11:19:27 From Dennis Parmelee : if u can sit with a long
11:19:46 From Dennis Parmelee : u may get retest of 78.25 +
11:19:54 From Zeek Snodgrass : above 78.25 should start a stop run of late shorts
11:20:42 From Dennis Parmelee : xx
11:20:53 From Dennis Parmelee : make it xx
11:21:07 From Zeek Snodgrass : dfd
11:21:11 From Zeek Snodgrass : cya MOnday
11:22:17 From Dennis Parmelee : nice weekend z
11:22:20 From Dennis Parmelee : thank u
11:23:32 From Dennis Parmelee : z pattern
11:24:55 From Dennis Parmelee : pfs at 78.25 both sides have money
11:26:57 From Dennis Parmelee : probably get wacmole now
11:27:16 From Dennis Parmelee : dont over trade lunch
11:48:52 From Dennis Parmelee : see u after my walk
11:49:05 From Dennis Parmelee : if u leave early, have nice weekend
12:42:03 From Dennis Parmelee : pfs 82.5
12:42:12 From Dennis Parmelee : 83.75 is t1
12:42:19 From Dennis Parmelee : 86.5 t 2
12:42:32 From Dennis Parmelee : dont ruin good week
12:42:42 From Dennis Parmelee : long stop now 77
12:43:28 From Dennis Parmelee : above 78.25 yest high helps longs
12:57:58 From Dennis Parmelee : xx
12:58:08 From Dennis Parmelee : xx
12:58:15 From Dennis Parmelee :xx
13:00:44 From Dennis Parmelee : both ends of overnight range again taken out
13:00:47 From Dennis Parmelee : nasty
13:01:26 From Dennis Parmelee : target is 85 test for longs
13:01:41 From Dennis Parmelee : xx support for it
13:01:58 From Dennis Parmelee : move stops if long
13:02:57 From Dennis Parmelee : need a contra today
13:02:59 From Dennis Parmelee : brb
13:37:45 From Dennis Parmelee : dime time in a squeeze
13:44:38 From Dennis Parmelee : agg stops up on the breakout to 79
13:55:33 From Dennis Parmelee : 83.5 weekly demon test
13:55:35 From Dennis Parmelee : PFS
14:13:12 From Dennis Parmelee : 86.5 a target as T2
14:13:27 From Dennis Parmelee : so using 87/88 as stop
14:13:36 From Dennis Parmelee : xx
14:13:46 From Dennis Parmelee : xx
14:38:24 From Dennis Parmelee : merciful heavens paid by 82 sops dpwn if short
14:54:48 From Dennis Parmelee : seems glitch
14:54:55 From Dennis Parmelee : will reboot room
14:55:07 From Dennis Parmelee : bye for now if u leave for weekend
14:55:19 From Dennis Parmelee : dont want to lose videos like yest
15:02:20 From Dennis Parmelee : wanted to make sure i didnt lose videos
15:27:05 From Dennis Parmelee : Target 82.5 to 81 test i thought was reasonable
15:27:12 From Dennis Parmelee : what do I know
15:27:32 From Dennis Parmelee : last hour
15:27:50 From Dennis Parmelee : good weekend to all
