Still Going
[8:34] i favor scalps short
I wish I had snapchat for that post.
The aggressive zone at 2502.5 to 2504.5 held support today as expected and the plan to fade new highs above 2513 to 2514.75 primary targets was quickly scrapped as not being worth the risk and reward.
We liked the test of the 2513 but felt it wouldn’t hold until the end of day. Wrong.
There were virtually no rotations of substance, and the shorts who kept adding fueled the fire in the End of Month Markup.
The trailer target at 2517.5 for longs was hit at the end of the day, and hard to hold for that one on a Friday as no profit taking was evidenced.
Possible NHOC. Right.
You are absolutely correct Evan. What matters is what you are learning and applying as you develop your skills and mindset of a winning trader
Armstrong on History unfolding in Spain ow.ly/lL7T30fw3e1
8:48] 2513 NRO not ruled out today DT4$ tighten stops if long
we have wt 2 at 2514.75 and advised longs all stops up and capture when u are ready to play golf 18 next
resistance for DT4$2
#FF @SJosephBurns @thewavetrading @eminiwizard @MissTrade @zspb @FuturesTrader71 @MarzBonfire @Ancient_Warrior @FOREX_VALUER @MissTrade
#FF @MrTopStep @FuturesTrader71 @verniman @RenaTrader @eminiwizard @tomandprisha @marketminute @SunriseTrader @Chicagostock @nanexllc
RT @RenaTrader: ES traders: #FF @eminiwizard @PivotBoss @MarzBonfire / thank your Renato and #FF all of you
thank u 🙂
Thanks and #FF this great group of traders
Thanks Frank and #FF back at all of you
Rt E 1:54 xxx move xx is 17.5 18 next resistance for DT4$2
DT4$2 afternoon squeeze pivot was 2510.25 and never violated 3:39 no fear possible NHOC new high on close
DT4$2 30 RTH chart of the week ow.ly/koIX30fxhfi #ES_F
Slack
Zeek Snodgrass [8:26 AM] gm
eminiwizard [8:29 AM] gm
[8:30] do nothing my advice xxx
[8:32] java back in a bit[8:32] if today doesnt take out both sides of overnight range i will be surprised[8:34]
[8:34] i favor scalps short
Zeek Snodgrass [8:38 AM] I like the pullback till 11am and tehn the slow grind up until the last hour
xxx
howardthehobo [8:42 AM] thanks zeek
Renato Santos [8:42 AM] GM
eminiwizard[8:44 AM] hi Renato
[8:44] same as late yesterday[8:44] get to 05/ 4.75 done well
[8:46] yest mid 3.75
[8:46] 3.25 is weekly 25% pb[8:47] 2.5 to 03 support aggressive[8:48] xx 2513 … NRO not ruled out today
[8:49] get 1 point or so pre market
eminiwizard [8:56 AM] last low yesterday intraday is 2504.5
[8:57]xx
Zeek Snodgrass [8:57 AM] may take until Monday to get to 04.5
eminiwizard [8:58 AM] i was thinking maybe not til halloween
[8:58] lol
Zeek Snodgrass [8:58 AM] lol
[8:59] first of the month bias next week
eminiwizard [9:01 AM] yes and i think we need a retest of xx or else squeeze like this another week
Renato Santos [9:02 AM] as I see it, the clue will be the CLOSE today
[9:02] If below xx, pb next week.
Zeek Snodgrass [9:02 AM] I saw yesterday that the Supreme court will hear a case involving compulsory union dues.
eminiwizard [9:03 AM] https://zoom.us/xx0 zoom room
[9:03] thanks Renato[9:03] i am using target 2508.25 achieved as the marker
Renato Santos [9:03 AM] ok
eminiwizard [9:03 AM] the xx target
Zeek Snodgrass [9:04 AM] All bets are off if North Korea explode a hydrogen bomb over the pacific ocean
Renato Santos [9:04 AM] yep
eminiwizard [9:06 AM] risk 2 make 1
Renato Santos [9:07 AM] that means “watching mode” for me. :slightly_smiling_face:
[9:07] why spoil a good week?
eminiwizard [9:07 AM] correctamundo
eminiwizard [11:10 AM] hit and run
[11:10] risk 2 make 2
new messagesRenato Santos [3:35 PM] Thanks Dennis and Zeek for sharing your knowledge, much appreciated.
[3:36] HAGW!
evan [6:00 PM] Good weekend all! Thanks for all your help everybody! Thank you E!
Thanks to all
@verniman @ES_F__NQ_F @RenaTrader @casper409 @Ancient_Warrior @PivotBoss @abydnave @ATTechFX @introvertwander @MissTrade @MarzBonfire @Tradn500 @CapitalEdgeNY @SjosephBurns @ES_F__NQ_F @marketminute @onefourdroopy @Intuitive_Power @11cjh11 @azur_wtt @TheFibDoctor @SurfingTheMrkts @jedimarkus77 @BEFREEinFL @shemesht @WatermanLXXIII @Cubby_Blu @West3gg thanks to all and any I missed
Zoom
09:04:43 From Dennis Parmelee : good morning
09:04:51 From Renato : GM
09:06:26 From Dennis Parmelee : risk 2 make 1 right now
09:08:16 From Dennis Parmelee : gap is 7.75
09:08:35 From Dennis Parmelee : and anyone using 04 support
09:08:49 From Dennis Parmelee : paid by 6.5
09:09:23 From Dennis Parmelee : expecting choppy range
09:09:41 From Dennis Parmelee : and more nonsensical rotations
09:09:47 From Dennis Parmelee : slippery type
09:10:03 From Dennis Parmelee : git er done longs
09:10:19 From Dennis Parmelee : and dont be surprised at wac a mole again today
09:14:52 From Zeek Snodgrass : chicago PMI in 30 minutes
09:14:57 From Zeek Snodgrass : best chance for a move
09:15:42 From Zeek Snodgrass : 2.5 pts for globex is smallest range I have ever seen
09:15:54 From Zeek Snodgrass : VIX going to zero
09:19:31 From Dennis Parmelee : if play IB
09:19:36 From Dennis Parmelee : hit and run
09:21:12 From Dennis Parmelee : best odds for a short will come near or above double top
09:21:37 From Dennis Parmelee : best odds long from 03 stop
09:24:44 From Zeek Snodgrass : xxx
09:25:49 From Zeek Snodgrass : shorting has been mostly unprofitable
09:25:59 From Zeek Snodgrass : buy the pb has worked
09:26:16 From Zeek Snodgrass : I think the Fed has cornered the US stock market
09:26:23 From Zeek Snodgrass : plunging volume is the tell
09:27:01 From Dennis Parmelee : only game in town
09:27:09 From Dennis Parmelee : stocks not bonds
09:27:15 From Zeek Snodgrass : Swiss National Bank owns a lot of US stocks too
09:27:34 From Zeek Snodgrass : is 3 ticks a zig or a zag?
09:34:47 From Dennis Parmelee : cover at 7.75 to 8.25 all but trailer if long
09:35:05 From Dennis Parmelee : 9.75 to 10.25 potential next targets
09:35:12 From Dennis Parmelee : 13 as back end target
09:38:11 From Dennis Parmelee : think small
09:49:31 From Zeek Snodgrass : Consumer sentiment in 11 minutes
09:51:13 From Zeek Snodgrass : 06.75 rth open
09:58:39 From Dennis Parmelee : 2 way day
09:58:50 From Dennis Parmelee : wac a mole
09:58:57 From Dennis Parmelee : 04 intact
09:59:00 From Renato : nice call Dennis!
09:59:05 From Dennis Parmelee : 09 ish
09:59:12 From Dennis Parmelee : so xx
09:59:23 From Dennis Parmelee : thanks Renato
10:03:59 From Howard Lu : more than 5 points is a trend move?
10:08:45 From Howard Lu : feels like the way to make some money is to get 1 or 1.5 points with like 10 contracts, does not feel like a place for small player
10:14:39 From Howard Lu : 2505.25 angel?
10:15:08 From Howard Lu : oh
10:15:36 From Simon : useless so far
10:15:39 From Renato : they’re in love with each other
10:17:08 From Dennis Parmelee : upside down
10:17:19 From Dennis Parmelee : says not normal
10:17:24 From Dennis Parmelee : no edge using them
10:17:51 From Zeek Snodgrass : 4.5 pt total range
10:17:58 From Zeek Snodgrass : not much for me to say
10:18:17 From Zeek Snodgrass : just xx
10:19:26 From Dennis Parmelee : thank u
xxx
10:48:16 From Dennis Parmelee : wac a mole
10:48:17 From Zeek Snodgrass : bbl
10:48:39 From Dennis Parmelee : stop 13 for shorts we suggested
10:55:24 From Dennis Parmelee : use entry maybe above 12 with a few points risk
10:56:59 From Dennis Parmelee : target 13 to 13.5 NRO not rule out
10:57:07 From Dennis Parmelee : resistance target
10:58:42 From Dennis Parmelee : hoping for 2 way day
11:01:58 From Dennis Parmelee : base on base
11:02:27 From Dennis Parmelee : risk reward xx
[slider] or so
11:10:56 From Dennis Parmelee : hit and run risk 2 make 2
11:11:05 From Dennis Parmelee : brb
xx
11:14:58 From Dennis Parmelee : manage your stop loss
11:15:07 From Dennis Parmelee : do not get emotional
11:15:14 From Dennis Parmelee : avoid trouble
11:22:02 From Renato : awesome!
11:23:47 From Dennis Parmelee : key target to xx
11:23:59 From Dennis Parmelee : 13.5
11:24:59 From Dennis Parmelee : bbial
11:44:14 From Dennis Parmelee : no more long side ideas advised
11:44:20 From Dennis Parmelee : time and price
11:44:27 From Dennis Parmelee : they may work
11:44:44 From Dennis Parmelee : but having hard time justifying suggesting it
11:47:25 From Dennis Parmelee :xx
11:52:54 From Dennis Parmelee : wt 2 is hit 13.5
11:53:42 From Dennis Parmelee : primary trade is done
11:53:53 From Dennis Parmelee : high may not be in yet though
11:55:05 From Dennis Parmelee : back in a bit
11:58:52 From Dennis Parmelee : squeeze a mole
11:59:38 From Dennis Parmelee : stop 18 for shorts
11:59:51 From Dennis Parmelee : 17.5 as resistance target
12:00:01 From Dennis Parmelee : support 8.25
12:00:34 From Dennis Parmelee : xx
12:02:09 From Renato : sure
12:02:19 From Harvey : yes
12:03:17 From Renato : looks great.
12:03:46 From Renato : for us the clue was xx, bullish.
12:06:07 From Renato : pure math, easily programmable.
12:06:15 From Dennis Parmelee : 2508.25 agreed
12:06:59 From Renato : all we know are the “key levels”
12:07:12 From Renato : STOP are there to prove us wrong.
12:07:56 From Renato : enjoy!
12:42:46 From Dennis Parmelee : 15.5 hit
12:43:11 From Dennis Parmelee : not quitexx
12:44:04 From Dennis Parmelee :xx expansion xx
12:45:37 From Dennis Parmelee : i really liked the odds for a fade this afternoon
12:45:53 From Dennis Parmelee : and liked new high idea in a squeeze
12:46:11 From Dennis Parmelee : but this was tough because was no rotation
12:46:23 From Dennis Parmelee : i did not expect that
12:46:33 From Dennis Parmelee : thought would be choppy advance
12:46:42 From Dennis Parmelee : avoid troble
12:47:28 From Dennis Parmelee : accept stop loss if play this afternoon
12:47:48 From Dennis Parmelee : past wt 2 14.75 is gravy
13:32:45 From Zeek Snodgrass : xx
13:33:14 From Zeek Snodgrass : 15.25 pg just hit
13:35:25 From Zeek Snodgrass : feels like all people on same side of the boat
13:36:11 From Zeek Snodgrass : I guess if we get a correction, “Not fair” will echo down the canyons of Wall Street
13:38:26 From Zeek Snodgrass : 17.5 isxx
13:38:38 From Zeek Snodgrass : bulls running out of gas
13:38:55 From Zeek Snodgrass : end of day programs should make for wild trading
13:39:23 From Zeek Snodgrass : 17.25 xx
13:39:51 From Zeek Snodgrass : watch carefully how the afternoon opens
13:42:07 From Dennis Parmelee : great posts zeek
13:42:57 From Dennis Parmelee : i have found those angels and demons that are inverted
13:43:03 From Dennis Parmelee : usually mean upside
13:43:25 From Dennis Parmelee : hard to say because we have been in a bull market so long
13:45:39 From Dennis Parmelee : 9.25 support
13:45:45 From Dennis Parmelee : for IB breakout
13:46:28 From Dennis Parmelee : shorts can be squeezed until 10.25 breaks
13:47:00 From Zeek Snodgrass : look for the 5 minute wreckingball candle
13:47:21 From Dennis Parmelee : 10 globex has the right picture
13:47:29 From Zeek Snodgrass : if we don’t get it, trail if long and don’t risk much picking tops to short
13:47:34 From Dennis Parmelee : high may not be in yet
13:47:43 From Dennis Parmelee : right
13:47:47 From Zeek Snodgrass : I have no idea about how high we go
13:47:57 From Dennis Parmelee : too many trapped shorts
13:47:57 From Zeek Snodgrass : we could move 10 pts either direction after 3
13:48:26 From Dennis Parmelee : i would be surprised to see 09 break today
13:49:25 From Dennis Parmelee : xx think timing
13:49:34 From Dennis Parmelee : last to leave loses
13:53:19 From Dennis Parmelee : 17.5 is xx
13:53:27 From Dennis Parmelee : zeeks post
13:53:48 From Dennis Parmelee : xx is 17.5
13:54:07 From Dennis Parmelee : be back shortly
13:55:23 From Zeek Snodgrass : Greedy fund day
13:56:33 From Dennis Parmelee : window dressing done
13:57:27 From Renato : to think we bought 2485s this week…
13:57:52 From Dennis Parmelee : position traders wanted 85…
13:57:55 From Renato : awesome!
13:58:02 From Dennis Parmelee : xx
13:58:07 From Dennis Parmelee : xx support
13:58:34 From Renato : on the day I was really happy with xx 🙂
13:59:11 From Renato : great week! thanks.
13:59:37 From Renato : right, 2 different animals
14:02:09 From Renato : that’s where I took profits.
14:02:42 From Renato : perfect!
14:08:39 From Renato : thank you!
14:08:45 From Dennis Parmelee : u bet
14:08:56 From Dennis Parmelee : renato and zeek very helpful
14:09:19 From Dennis Parmelee : 12.75 to 11.5 targts
14:09:43 From Dennis Parmelee : 1111.75 xx pb
14:09:56 From Dennis Parmelee : and xx
14:10:08 From Dennis Parmelee : 2411.75
14:10:12 From Dennis Parmelee : oops
14:10:21 From Dennis Parmelee : 2511.75
14:10:38 From Dennis Parmelee : 08 big idea
14:13:13 From Zeek Snodgrass : I would love to see a quick move to xx and then see how far it can bounce
14:13:46 From Zeek Snodgrass : shorts got the face plant this morning, can the longs have the same this afternoon
14:14:05 From Zeek Snodgrass : wait till volume starts to average 800k per day
14:14:29 From Zeek Snodgrass : 07.5 rth angel
14:14:46 From Zeek Snodgrass : 14.5 is rth demon xx
14:16:56 From Zeek Snodgrass : 14.5 xx
14:17:02 From Zeek Snodgrass : bbi 5
14:31:35 From Dennis Parmelee : 5 globex
14:31:56 From Dennis Parmelee : first time back wouldnt give up the blue line
14:32:12 From Dennis Parmelee : 3 point rotation
14:32:17 From Dennis Parmelee : 15.5 to 12.5
14:32:32 From Dennis Parmelee : using xx
14:32:42 From Dennis Parmelee : xx 18
14:33:01 From Dennis Parmelee : xx
14:36:34 From Dennis Parmelee : 230 rule
14:38:07 From Dennis Parmelee : i will make few posts here and there
14:38:16 From Dennis Parmelee : see u monday if u go play
14:46:23 From Dennis Parmelee : range right now
15:31:41 From Dennis Parmelee : late friday relax
15:32:46 From Renato : Thank you very much for all your help, Dennis!
15:32:52 From Renato : Really appreciated.
15:33:00 From Renato : Learning a lot from you, thanks.
15:33:11 From Renato : and Zeek as well, thank you!
15:33:31 From Renato : Have a great weekend all.
15:34:49 From Dennis Parmelee : best to all guys and gals
15:35:18 From Dennis Parmelee : last hour
15:35:24 From Dennis Parmelee : 3.5 point range
15:35:28 From Dennis Parmelee : since noon
15:35:31 From Dennis Parmelee : no fear
15:36:29 From Dennis Parmelee : possible NHOC
15:36:35 From Dennis Parmelee : new high on close
15:36:44 From Dennis Parmelee : but no odds for holdover
15:38:48 From Dennis Parmelee : i will post after the close
15:39:03 From Dennis Parmelee : astas la vista
16:54:13 From Dennis Parmelee : amazing the 17.5 is hit
16:54:39 From Dennis Parmelee : squeeze pivot 10.25 intact
16:55:01 From xx : 230 rule saving me once again with that late day run. was trying to short all day, no dice.
16:55:29 From xx iPhone : should say “save me from the late day squeeze”
17:25:58 From Dennis Parmelee : lol
17:26:08 From Dennis Parmelee : we never know
17:26:17 From Dennis Parmelee : but if longs stops not hit
17:26:21 From Dennis Parmelee : they can ride it
17:26:28 From Dennis Parmelee : night all
