The Hunter Becomes the Hunted

Ooops

Brilliant

Traders caught in the Box, then both gaps closed in a whipsaw is a stroke of genius by The Boyz.

Suspicion

6:57 E those who missed yesterday are the most vulnerable now forty off the highs so 50 back is 27
CS : spot on

11:03 longs stops up to 25
11:04 slingshot trade
11:08 fast up fast down
11:08 another mirror trade
11:09 32 resistance
11:09 i think short side will still need time today for any meaningful trade
11:10 at least through lunch
11:10 then maybe by eod
11:10 have a madd
11:10 maximum allowable drawdown rule, uncle point
11:14 B : live to fight again
11:22 now no edge long and shorts need evidence big boyz are pushing short likely no big move from here right now
11:24 catapault opposite the wrecking ball from yesterday dont be stubborn
11:26 i think best odds are for shorts now, nibble, try to get a few chip shots
11:27 then maybe a bit more with trailer
11:27 typically strong bounces possible in corrective market then they can rollover again because not a lot of support built up
11:28 undrestand wont be the same 100% of the time, but odds over time
11:34 S NDX 100 pts up from yesterday 7580-7680
11:35 B ty Dennis
11:35 S TY E. Great learning.

15:28 S I am never happy…gotta work on that.
15:29 1980 lucky to have EW lessons and tips, be happy
15:29 S Heh, yes, E is helping me with this problem.
15:32 1980 I have found over the years that this teacher is the only one I trust, seriously
15:32 1980 but one need to work very hard with lessons
15:34 1980 good day, thank you very much Sir

15:57 S TY for the extra session today
15:57 1980 thank you very much
15:57 CS ty sir appreciate the lessons

Wisdom

No, that is the great fallacy: the wisdom of old men.

They do not grow wise. They grow careful.

 

Ernest Hemingway, A Farewell to Arms

Risk and Reward

He who is not courageous enough to take risks will accomplish nothing in life.

-Muhammad Ali

Automating The Professional Edge