Hook, line , and sinker.
Buy the dip longs could only muster a head fake long into resistance today, then lost their composure during the afternoon session when the 38.25 low was undermined, triggering a breakdown.
DT4$3 traders were shown the potential targets, including the most logical 28/27.5 target.
More videos produced to help shorten the learning curve.
E: : 02:54 PM Paid for sure if short 30.5 T1 trailers for more. MATD came late DT4$3
zOOm
12:00:32 From Dennis Parmelee : hi all
12:00:59 From Dennis Parmelee : just coming in nd will get organized
12:33:19 From Dennis Parmelee : so videos for review
12:33:55 From Dennis Parmelee : and we are reauctioning fast move down end of lunch yesterday and inside day so far
12:53:24 From Dennis Parmelee : magnet at 40.25
12:55:00 From Dennis Parmelee : MATD is hit a bounce like 456
12:57:46 From wei : why 48 is hit,xxxxx
13:00:52 From wei : thx
13:02:27 From wei : thx
13:02:57 From wei : why this morning 28 is aggressive support?
13:05:20 From bc : xxxxx
13:05:28 From bc : xxxxx
13:08:06 From wei : thx
13:12:51 From bc : i have not yet reviewed too many of the videos
13:13:20 From bc : i tried yesterday but wondered how to locate a video for a certain date
13:13:26 From bc : is there an easy way?
13:13:40 From Dennis Parmelee : yes
13:13:41 From bc : say i wanted to see a video from last tuesday
13:13:52 From Dennis Parmelee : go to the daily posts on website
13:15:31 From bc : cant get in there right now but will try again later
13:16:35 From bc : i saw the posts/charts but had trouble finding the videos – maybe it will look different today 🙂
13:22:32 From bc : i’ll try again maybe it was operator error
13:24:08 From bc : i see them out there today
13:24:21 From bc : yesterday did not see videos, only the posts
13:24:33 From bc : maybe it was some tech glitch on my end
13:24:53 From Dennis Parmelee : can locate them by day
13:25:11 From bc : i see them now
13:26:25 From Dennis Parmelee :xxxx
13:27:34 From Dennis Parmelee : brb
13:27:45 From Dennis Parmelee : grabbing a quick snack for lunch
13:43:29 From Zeek Snodgrass : back
13:45:16 From Zeek Snodgrass : boys keep defending 38.25
13:45:34 From Zeek Snodgrass : bears have have about 45 minutes to get the job done
13:45:53 From Zeek Snodgrass : rth volume is low after the first 5 minute candle
13:46:15 From Zeek Snodgrass : waiting for xxxx
13:46:57 From Zeek Snodgrass : smoke and mirrors won’t work with broken mirrors
13:47:07 From Zeek Snodgrass : Fed about to be exposed as being clueless
13:47:25 From Zeek Snodgrass : next rate hike turns the pyramid upside down
13:48:17 From Zeek Snodgrass : Politics over sound money about to catch up with the Fed
13:48:49 From Zeek Snodgrass : They have done to the economy what the NY gGiants did to Eli Manning
14:23:54 From Dennis Parmelee : pfs by 2634 to 2632
14:24:03 From Dennis Parmelee : 32 is t1
14:24:18 From Dennis Parmelee : and both ends of overnight range broken
14:26:24 From Dennis Parmelee : 34 db
14:26:46 From Dennis Parmelee : 10 min rth rainline neaby
14:30:57 From wei : why different minutes have different rainline, which one i should use?
14:35:17 From Dennis Parmelee : 5 min
14:35:23 From Dennis Parmelee : for rth
14:35:39 From Dennis Parmelee : and then see if bigger time frame is important
14:35:45 From Dennis Parmelee : 15 for globex
14:37:39 From wei : thx
14:46:25 From Dennis Parmelee : u are welcome
14:52:12 From Dennis Parmelee : let me make correction
14:52:21 From Dennis Parmelee : since i never updated my ss
14:52:24 From Dennis Parmelee : properly
14:52:36 From Dennis Parmelee : after i left 830
14:53:33 From Zeek Snodgrass : bbl
14:54:09 From Dennis Parmelee : 30.5
14:54:17 From Dennis Parmelee : T1
14:54:32 From Dennis Parmelee : 25.75 t2
15:01:33 From Dennis Parmelee : paid for sure 30.5
15:01:41 From Dennis Parmelee : more is good fortune
15:01:44 From Dennis Parmelee : timing
15:02:10 From Dennis Parmelee : profit taking bounce possible 28 support for buying
15:02:25 From Dennis Parmelee : meaning profit aking idea
15:02:43 From Dennis Parmelee : and dont have to buy
15:02:56 From Dennis Parmelee : but should think about protecting profits
15:03:04 From Dennis Parmelee : xxxxx
15:03:13 From wei : with the current trend, will 01 be visited some time this week?
15:12:12 From bc : maybe if xxxxxx
15:12:13 From Dennis Parmelee : anyone want to guess?
15:16:58 From Dennis Parmelee :xxxx can be
15:17:13 From Dennis Parmelee : xxxxx
15:17:34 From Dennis Parmelee : xxxxx
15:31:00 From Dennis Parmelee : 48.75 is to………..
15:31:12 From Dennis Parmelee : as 29.25 is to………
15:31:26 From Dennis Parmelee : please fill in the correct answer
15:36:58 From Zeek Snodgrass : back
15:37:13 From bc : xxxx
15:37:29 From bc : xxxxx
15:38:03 From bc : from xxxx
15:42:26 From bc : ok xxxxx
15:43:23 From bc : ok i see what you are getting at
15:44:51 From bc : exactly thats how you learn
15:49:04 From Zeek Snodgrass : xxxxxx T1 27.5 is xxxx target
15:50:28 From Zeek Snodgrass : 3:55 program can take market to any level
15:53:38 From Zeek Snodgrass : NQ gave up all the gains for today
15:56:46 From Dennis Parmelee : xxxx
15:58:02 From bc : 3:55 = trade imbalances dquites?
15:58:18 From bc : is that what you mean by 3:55 program
15:58:31 From bc : D-quites
15:58:36 From bc : quotes
15:58:49 From bc : lol
16:00:22 From Dennis Parmelee : morning range from 38.25
16:00:32 From Dennis Parmelee : xxxxx
16:01:01 From wei : xxxx
16:02:41 From Zeek Snodgrass : dfd
16:04:01 From wei : xxxxx
16:04:52 From bc : i still cannot access the videos – signed in
16:06:30 From wei : got to go . thx
16:07:44 From Dennis Parmelee : xxxxx
16:07:46 From bc : yesxxxx
16:07:57 From bc : ok
16:08:03 From bc : space?
16:08:15 From bc : i mean a space at the end
16:08:49 From bc : i will resend
16:08:58 From bc : ok
16:09:19 From bc : thanks again for commentary
16:09:48 From Dennis Parmelee : u bet
Videos
Note somehow I lost 6 videos. Not sure if I can at least produce audio.
Enough here for review and study anyways, those were done during lunch.
Slack
—– Today December 5th, 2017 —–
eminiwizard [8:05 AM] good morning and apologies
[8:06] I have an appointment this morning and wont be in until 1230 or so
[8:06] i will open zoom when i get back
[8:07] current thought 28/32 support for testing yesterdays range
[8:07] retest 52 not ruled out
[8:08] 28 support xxx resistance, range trade in between
[8:08] bias is bounce and retest the fast auction down from 52 late esterday
[8:09] https://content.screencast.com/users/EMWS/folders/Jing/media/9a41c82b-5f05-4136-adaa-137f690dcd08/2017-12-05_0808.png (59 kB)
[8:11] https://content.screencast.com/users/EMWS/folders/Jing/media/573ae931-ad5f-46b6-93f8-44b6aaff9f67/2017-12-05_0811.png (52 kB)
[8:12] pay attention to the xxx as resistance
[8:13] sorry for the inconvenince
[8:13] wac a mole likely
[8:13] 27.5 is xxx
[8:13] support for now
[8:13] back later
Zeek Snodgrass [8:39 AM] gm
[8:40] I picked a poor day to be late
Daniel [8:57 AM] gm All
[8:58] zeek will you be posting in this room, general, or not at all?
Zeek Snodgrass [9:12 AM] yes but a bit later
Zeek Snodgrass
[9:28 AM] globex range 35-45
[9:28] half gap and gap are on my radar
[9:28] 40-50 xxx
[9:28] so i will xx before I trade
[9:29] 35 is xxx and is support till broken
[9:29] 35 is also xxx
[9:30] 27.5 is xxxk
[9:30] the break of 50 yesterday triggered stops yesterday
[9:31] we should test this level xxx
[9:31] gap filled
[9:35] first candle is xxx
9:35] 43 is globex demon, 44.75 globex high
[9:36] 49.25 is last high before the trend move lower
Zeek Snodgrass [9:44 AM] PNI service now and ISM non-manufacturing at 10am
[9:45] financials taking a rest today. NQ out performing, equalizing the divergence of performance yesterday
Zeek Snodgrass [9:56 AM] tech is center of trading today
[9:56] most other groups are marginally changed
[9:56] we are still inside first rth candle
[9:57] rollover is likely keeping buyers on the sidelines next 2-3 days
[9:59] 37 is xxx
[9:59] watch for reaction
[10:00] copper under $3 I think this lowest level in 3-4 months
[10:01] we spent the first half hour in 3.5 pt range
[10:01] tough sledding
[10:02] risk 1 to make 1 is best suggestion
[10:02] keep eyes on news. Mueller investigation in deep trouble imho
[10:03] he could be fired any day
[10:03] trying to break to the upside
[10:03] 45 is target if they can get it going
[10:04] this is high risk low reward day so far
[10:04] we hit globex demon at 43[10:05] bbi 15
Zeek Snodgrass [10:55 AM] I have to run out for the next 2 hours
[10:56] slowly eating away the globex hi, little momo behind any move rth
[10:59] take a look if you are bored: http://www.zerohedge.com/news/2017-12-05/wall-street-journal-slams-too-conflicted-mueller-should-step-down
zerohedge.com
WSJ Editorial Board Calls On “Too Conflicted” Mueller To Step Down
The special counsel is stonewalling Congress and protecting the FBI… (42 kB)
eminiwizard [11:59 AM] https://zoom.us/j/989330964 zoom
