With a little old driver so lively and quick,
I knew in a moment he must be St. Nick.
More rapid than eagles his coursers they came,
And he whistled, and shouted, and called them by name:
“Now, Dasher! now, Dancer! now Prancer and Vixen!
On, Comet! on, Cupid! on, Donner and Blitzen!
To the top of the porch! to the top of the wall!
Now dash away! dash away! dash away all!”
Videos
Private Videos available for DT4$3 Subscribers
Squeezing Above Thursday’s High
Slack
Daniel [7:32 AM]
GM all.
evan [7:56 AM] gm daniel and all
Zeek Snodgrass [8:16 AM] gm
[8:16] employment report at 8:30
[8:17] rollover continues today
[8:17] 42.25 angel 48.5 demonxxx
[8:17] xxx
[8:18] xxxx
Daniel [8:18 AM] Zeek, when do you switch contracts and how do you determine when to switch
Zeek Snodgrass [8:18 AM] I look at volume
Daniel [8:18 AM] Volume?
[8:19] thought so
Zeek Snodgrass [8:19 AM] front month will have largest volume, that is presently the march contract
[8:21] xx pipe is xx
[8:21] xxx
[8:24] correction xxxx
eminiwizard [8:27 AM] gm
[8:27] 32 remains as support until broken
[8:28] xxxxx
[8:28] and this may become mirror day
[8:28] too early to tell
[8:29] https://content.screencast.com/users/EMWS/folders/Jing/media/36f75b8f-d08d-4002-a53b-7118a2555bd4/2017-12-08_0719.png (92 kB)
[8:29] https://content.screencast.com/users/EMWS/folders/Jing/media/97369b73-f68b-43b6-8c4f-06348661e176/2017-12-08_0726.png (55 kB)
[8:29] xxx achieved
Zeek Snodgrass [8:30 AM] are you trading the march contract?
eminiwizard [8:30 AM] so shorts need to be prudent
[8:30] dec
[8:30] for purpose of class continuity
[8:30] upside targets 49 to 52
[8:30] using 52 resistance premarket
[8:32] reminder zeek thought we need to hold that 48 high or else its uh-oh shorts
[8:33] xxxxx
[8:33] 48.25
[8:33] normally i would trade the march contract
[8:34] as of yesterday
[8:34] give market time to absorb news
[8:34] xxx
Zeek Snodgrass [8:37 AM] almost xxxx
eminiwizard [8:38 AM] yes target 52 I think for premarket
Zeek Snodgrass [8:38 AM] and xxxx
eminiwizard [8:38 AM] bump 48.75 high is the game
[8:39] target is 54.5 today +
[8:39] for longs
[8:39] shorts may get lucky
[8:40] but pressure up
[8:40] and I think short squeeze xxxxx
evan [8:40 AM] Where is that target coming from E?
eminiwizard[8:40 AM] my mind
evan [8:40 AM] ha of course
eminiwizard[8:41 AM] and u better come up with the answer :slightly_smiling_face:
evan [8:41 AM] got it
eminiwizard[8:41 AM] or learned nothing from this course
Zeek Snodgrass [8:42 AM] bitcoin trading is going to be wild on Sunday night
eminiwizard[8:42 AM] https://zoom.us/j/954496939
Zeek Snodgrass [8:42 AM] thinking xxxx
eminiwizard[1:52 PM] https://content.screencast.com/users/EMWS/folders/Jing/media/783eff62-e36e-4352-8428-f9e0d645a20a/2017-12-08_1351.png (32 kB)
[1:54] https://content.screencast.com/users/EMWS/folders/Jing/media/4d4ab40f-cb1b-4feb-a29d-57bd68045b5c/2017-12-08_1353.png (79 kB)
[1:56] https://zoom.us/j/352693812 for trade junkies here we go
Day 3 of the bounce ow.ly/ae6P30h60lK DT4$3 ow.ly/AVpz30h60H4 The game is on…
DT4$3 traders advised to capture / trail at 2652 , target 2655 not ruled out, risk reward and time and price say get paid for sure. This is December contract
RT @ThePivotBoss Happy Friday, gang! #FF @MrTopStep @FuturesTrader71 @verniman @RenaTrader @eminiwizard @tomandprisha @marketminute @SunriseTrader @Chicagostock @nanexllc
Thanks Frank and #FF to you and this group of usual suspects who continue to help the trading community by sharing their insights
thanks to all the traders who participated in the DT4$3 course ow.ly/Bjkr30h6JE7 nice weekend to all
zOOm
08:44:32 From Daniel : GM
08:44:43 From Dennis Parmelee : hi all
08:44:53 From Dennis Parmelee : allow thrust to play out
08:45:01 From Dennis Parmelee : and buy buy buy
08:45:14 From Dennis Parmelee : for 52 to 54.5 target
08:45:26 From Dennis Parmelee : ++ if boyz on their game
08:45:59 From Dennis Parmelee : could even xxxx
08:46:08 From Dennis Parmelee : buy pb til doesnt work
08:52:29 From Daniel : i was wondering where xxxx squeeze pivot came from?
08:52:34 From Daniel : just kidding
08:52:59 From Daniel : ive got xx as target for today
08:53:03 From Dennis Parmelee : lol
08:53:11 From Zeek Snodgrass : cigar Friday
08:53:12 From Dennis Parmelee : ok
08:53:27 From Daniel : xxxx
08:53:28 From Dennis Parmelee : why 54.5 target for longs
08:55:31 From Daniel : xxxx
08:55:41 From Zeek Snodgrass : very good answer
08:56:23 From Zeek Snodgrass : I am sure Fed raises rates Wed. Nothing like compounding errors
08:56:44 From Zeek Snodgrass : I hope that the Fed is bansihed to books on history
08:56:51 From Zeek Snodgrass : they have done the worst possible job
08:57:07 From Zeek Snodgrass : Much like the FBI last 10 years
08:59:08 From Dennis Parmelee : xxxx
08:59:52 From Dennis Parmelee : cigar trade
09:02:26 From Daniel : this course has been amazing! thank you!!!
09:04:38 From Zeek Snodgrass : previous hi held, looking like RDD up
09:04:52 From Zeek Snodgrass : only warning is that rollover has sudden moves in both directions
09:05:09 From Zeek Snodgrass : hard stops recommended
09:11:12 From Dennis Parmelee : shorts think small and luck gets past 45
09:24:17 From Daniel : it is amazing to look back at the first week when you said this same stuff and i was completely lost in the sauce! now it makes sense!!! priceless
09:26:30 From Zeek Snodgrass : IB could be pb/ consolidation of globex move
09:26:51 From Zeek Snodgrass : half gap and gap would be the play
09:31:07 From Dennis Parmelee : 43.75 half gap
09:31:20 From Dennis Parmelee : as aggressive support
09:34:33 From Dennis Parmelee : greater fool theory
09:34:41 From Dennis Parmelee : buy higher
09:34:48 From Dennis Parmelee : hen sell higher
09:35:03 From Daniel : OCF 37.25
09:37:49 From Zeek Snodgrass : Fang stocks flying higher, everything else is barely moving
09:43:13 From Zeek Snodgrass : consumer sentiment and wholesales trade reports at 10am
09:45:05 From Dennis Parmelee : spread trades out over time and hit and run
09:49:06 From Daniel : what causes that, the selling of one and buying in the other, or vs versa?
09:51:47 From Dennis Parmelee : xxxx
09:52:10 From Zeek Snodgrass : government is good until Dec 22
09:53:38 From Dennis Parmelee : market is waiting for mov averages to catch up
09:53:44 From Dennis Parmelee : consolidating
09:54:08 From Dennis Parmelee : never make it about any one day
09:54:17 From Dennis Parmelee : if buy high
09:54:21 From Dennis Parmelee : tight stop
10:05:55 From Dennis Parmelee : high level consolidation
10:10:07 From Dennis Parmelee : no trade for conserv traders
10:10:29 From Dennis Parmelee : best odds half gap trade
10:14:39 From Dennis Parmelee : stops down if taking convenient trade
10:14:45 From Dennis Parmelee : contra
10:14:58 From Dennis Parmelee : to todays range
10:15:14 From Dennis Parmelee : to 3 days range
10:17:42 From Dennis Parmelee : pfs 43.75
10:19:40 From Zeek Snodgrass : this looks like slingshot trade off new IB low
10:21:37 From Dennis Parmelee : think small
10:33:27 From Dennis Parmelee : brutal range
10:33:49 From Dennis Parmelee : not even 5 ib
10:49:01 From Dennis Parmelee : maybe more volatility lunch/ afternoon
11:10:20 From wei : so 54 is the target?
11:10:42 From wei : thx
11:29:38 From Dennis Parmelee : paid by 43.75
11:29:44 From Dennis Parmelee : to 42.75
11:30:10 From Dennis Parmelee : and 45 first
11:34:46 From Zeek Snodgrass : bbl
11:47:39 From Cobalt : it did. Have to go for now but glad I stuck around for that
11:49:11 From Cobalt : makes it easier, helps with deciding whether to pull the trigger or not
11:56:55 From Dennis Parmelee : 🙂
12:21:42 From Daniel : that is why you take this course and open your eyes to the game called trading!! can not thnk you enough for sharing your thoughts and knowledge…!
12:29:05 From Dennis Parmelee : thank u for your vote of confidence
12:31:08 From wei : magic
12:33:22 From wei : that’s how the big boy play the market?
12:36:56 From Dennis Parmelee : yes
12:37:03 From Dennis Parmelee : paid for sure 52
12:37:07 From Dennis Parmelee : done
12:37:12 From Dennis Parmelee : xxxxx
12:37:19 From Dennis Parmelee : now?
12:37:27 From Dennis Parmelee : xxxxxx
12:37:43 From Dennis Parmelee : ok want to preserve videos
12:37:54 From Dennis Parmelee : will reboot and back in a bit
12:38:18 From Daniel : thank you!
12:38:39 From wei : thank you
12:38:57 From Dennis Parmelee : i hope this is the beginning and not the end of our relationship
12:39:01 From Dennis Parmelee : 🙂
==============
13:56:42 From Dennis Parmelee : hi all
13:56:57 From Dennis Parmelee : current thesis
13:57:22 From Dennis Parmelee : longs have been bouncing for almost three days
13:57:39 From Dennis Parmelee : have achieved almost all their ideas
13:57:46 From wei : hi
13:57:47 From Dennis Parmelee : except not 2655
13:58:12 From Dennis Parmelee : so we need to think xxxxx
13:58:13 From wei : i am still waiting 2655, lol
13:58:21 From Dennis Parmelee : lol
13:58:37 From Dennis Parmelee : that is a target, not a guarantee
13:58:47 From Dennis Parmelee : risk reward comes in this afternoon
13:58:50 From Dennis Parmelee : lol
14:11:44 From Dennis Parmelee : xxx
14:11:52 From Dennis Parmelee : xxxx
14:12:01 From Dennis Parmelee : xxx
14:12:19 From wei : do you alwaysxxx
14:12:41 From Dennis Parmelee : xxxxx
14:12:50 From Dennis Parmelee : so yes
14:14:03 From wei : thx
14:14:07 From bc : what do you mean by DNA of the market – i missed that term
14:15:01 From wei : i just checked your website. so you sell your system but you don’t have subscription service?
14:15:42 From Dennis Parmelee : paid into 47
14:16:21 From Dennis Parmelee : shorts only win if we get a smak um bar
14:16:32 From Dennis Parmelee : xxxxxx
14:16:59 From Dennis Parmelee : that undermines 46
14:17:12 From Dennis Parmelee : angel rth
14:19:36 From Dennis Parmelee : 48 is RTH middle
14:25:38 From Dennis Parmelee : accumulate
14:25:46 From Dennis Parmelee : a few here a few there
14:31:05 From bc : do you manually adjust spreadsheet after rollover?
14:31:45 From Dennis Parmelee : yes
14:31:52 From bc : Use the dec values from xxxx
14:32:02 From bc : or adjust them xxxx
14:32:04 From bc : ok
14:32:09 From Dennis Parmelee : xxxx
14:32:17 From Dennis Parmelee : xxxx
14:32:22 From bc : ok thx
14:40:07 From bc : but how did you come up with the xxxxx?
14:42:02 From Daniel : xxxx
14:42:09 From Daniel : xxx
14:42:11 From Daniel : sorry
14:42:29 From bc : xxxxxx
14:42:31 From Dennis Parmelee : xxxx
14:42:49 From bc : xxxxx
14:42:54 From Dennis Parmelee : xxxxx
14:42:57 From Daniel : xxxx
14:43:12 From Dennis Parmelee : xxx
14:43:15 From Dennis Parmelee : xxxxx
14:43:17 From Dennis Parmelee : xxxx
14:50:25 From Dennis Parmelee : lol
14:50:57 From Daniel : that made my day!! crying laughing…thank you!!
14:52:38 From Dennis Parmelee : awesome
14:53:02 From Dennis Parmelee : if still want to play
14:53:06 From Dennis Parmelee : think small
14:53:17 From Dennis Parmelee : but assume high is in
14:53:30 From Dennis Parmelee : bounces this afternoon are gifts
14:53:58 From wei : so you don’t think 54.5 is in play any more?
14:55:42 From Dennis Parmelee : i think its resistance
14:56:30 From xxx to Dennis Parmelee(Privately) : so if market stops here, what do you expect next week?
14:58:44 From xxx to Dennis Parmelee(Privately) : so your primary business is to sell your system?
15:01:09 From Dennis Parmelee to xxx(Privately) : no my primary business is to trade
15:01:16 From Dennis Parmelee to xxx (Privately) : and to do real estate
15:01:27 From Dennis Parmelee to xxx (Privately) : then try to help people
15:01:39 From Dennis Parmelee to xxx (Privately) : with courses and my system
15:05:46 From xxx to Dennis Parmelee(Privately) : thanks. i am very interested in your system. but i need to understand how to use it before i can buy.lol
15:06:10 From Dennis Parmelee to xxx (Privately) : understood
15:06:32 From xxx to Dennis Parmelee(Privately) : i hope you can have subscription service
15:15:50 From bc : i generally work so interested in swing or playing open only
15:15:57 From bc : just not working atm
15:16:29 From bc : glad i was able to spend the time taking this class!
15:18:29 From bc : yes let me know if you start up a subscription room
15:21:17 From bc : i agree
15:22:58 From wei : thx
15:25:19 From Dennis Parmelee : u bet
15:25:42 From Dennis Parmelee : reminder go to general room in slack next week if want to continue study with others
15:25:45 From Dennis Parmelee : its free
15:27:35 From Dennis Parmelee : next week twitter posts etc will reference march
15:28:39 From wei : i didn’t see people post at general room after nov 6th?
15:29:02 From Dennis Parmelee : please send feedback to admin for suggestions, requests, ways to better serve you
15:29:04 From wei : sorry, 13th
15:29:16 From Dennis Parmelee : and if not able to access videos
15:29:25 From wei : sure
15:29:30 From Dennis Parmelee : let me know
15:29:39 From wei : a lot to digest
15:30:07 From wei : oh, i see
15:33:06 From Dennis Parmelee : brb
15:38:33 From Dennis Parmelee : power pivot is currently 2639
15:38:55 From Dennis Parmelee : support until broken
15:39:02 From Dennis Parmelee : prop calculation
15:43:23 From Dennis Parmelee : no trade recommended
15:43:31 From Dennis Parmelee : unless u are a gambler
15:45:07 From Dennis Parmelee : A big thanks to all for spending some time with me, hope it helps u
15:45:34 From wei : helps a lot . thanks for wonderful class
15:45:50 From Dennis Parmelee : cigar trade is not done but got near it
15:45:56 From Dennis Parmelee : then caution
15:46:00 From Dennis Parmelee : works a lot
15:46:16 From Dennis Parmelee : maybe 70% of time
15:46:34 From Dennis Parmelee : but always look for it in bull market
15:46:40 From Dennis Parmelee : if below it
15:46:52 From Dennis Parmelee : and to stay above it if in bull
15:46:59 From Dennis Parmelee : opposite for bear market
15:47:07 From Dennis Parmelee : thanks Wei
16:00:21 From wei : th
16:00:24 From wei : thx
16:00:32 From wei : great call
16:00:49 From wei : looking forward to next class
16:03:31 From bc : yes great class and looking forward to others in future
16:04:40 From bc : lol its a great system us debt
16:06:42 From bc : have great weekend and happy holidays!
16:06:59 From Dennis Parmelee : thanks all
16:13:44 From Dennis Parmelee : nhoc possible
16:13:50 From Dennis Parmelee : or after 430
16:14:03 From Dennis Parmelee : bots have no fear
