The Summer Wind

Enjoying Life one day at a time

This is a simple business; we only have to work half a day,

and it doesn’t matter which 12 hours it is.”

Sandy Shores

Imagine walking on the beach, sandals in our hand.

The roar of the ocean, the waves crashing on the shore.

I’ll be doing that the next two weeks on Martha’s Vineyard.

We need time to relax and recharge our batteries.

My mind always looks for metaphors.

I will notice the ebb and flow. The sound of the rhythm and the power of the sets of waves coming in.

The flatness of the beach will remind me of indicators and slope of the moving averages.

It will remind me of tremendous opportunity as well as potential danger. My eyes will ALWAYS be focused on the water when my grandchildren are in. As a former Pool Director, I accept 100% responsibility for the safety of these treasured children.

My back is to the shore and I am even watching other people’s kids.

I do the same as a trader.

I accept the risk, and trust myself.

Trade responsibility.

Checking for Understanding

What is meant by the 456 trade ?
Answer:
What is the value for a Perfect high for the E-mini S and P for a substantial correction?
Answer:
What does the acronym PPTPAR represent ?
Answer:
Why did we choose 2412 as first key support this week ?
Answer:
What is meant by GCF ? Why is something #EMWS tracks ?
Answer:
In Murrey Math, what is the primary resistance zone for stocks ?
Answer:
What is a characteristic of an Umbrella Trade when it comes to an end ?
Answer:
What is a squeeze Pivot ?
Answer:
What does the rain line represent on a 5 minute RTH chart ?
Answer:

6:35 a.m.

Gooooood Morning

xxx

xxx

what is the target?

 

 

7:37

Step by Step

xxx

xxx if necessary for the 33.75 to 36 targets

Convenient trade is scalp short

9:07
Flyer in the summer wind

should hit 37.5 before retracing

just to knock out the 36.5 stops

shorts will need several entries today

thinking back end 2442 now, as the Boyz will try to protect xx

Zoom zOOm Room

You are invited to a Zoom meeting now.

Join from PC, Mac, Linux, iOS or Android: https://zoom.us/j

 

09:21:48 From Chad : Good morning
09:22:38 From Dennis Parmelee : good morning
09:22:51 From Dennis Parmelee : hi flyer
09:23:04 From Dennis Parmelee : and High Flyer

09:36:31 From Dennis Parmelee : 42 as logical resistance

09:36:53 From Dennis Parmelee : anyone long paid for sure by 38.5

09:42:44 From Dennis Parmelee : use 42 to 43.5 as resistance target

10:13:20 From Dennis Parmelee : conserv wait for IB to end
10:13:34 From Dennis Parmelee : then wait a few mins and look for contra
10:20:38 From Dennis Parmelee : protect profits if have some already
10:21:09 From Dennis Parmelee : guess wrong 5 x before right once
10:21:43 From Dennis Parmelee : 43.5 is t1
10:23:21 From Dennis Parmelee : story about Johnny
10:25:33 From Harvey : omg
10:25:56 From Harvey : ouch
10:29:38 From Dennis Parmelee : johnny lost 60 k and didnt tell wife
10:29:45 From Dennis Parmelee : hvae a stop loss
10:39:25 From Per : is MM less reliable on a rabid dog day?
10:41:41 From Dennis Parmelee : yes
10:41:43 From Dennis Parmelee : but
10:41:49 From Dennis Parmelee : using the xx
10:41:55 From Dennis Parmelee : as key better odds
10:43:12 From Dennis Parmelee : if short paid by 2438
10:56:35 From Dennis Parmelee : MBO
10:56:40 From Dennis Parmelee : multiple breakout
10:56:45 From Dennis Parmelee : day week month
11:03:28 From Harvey : 2438 Angel
11:03:34 From Dennis Parmelee : yes
11:03:50 From Harvey : 2441 Demon
11:05:02 From Dennis Parmelee : i have 40.5
11:08:30 From Dennis Parmelee : 5 point rotation early helps shorts
11:08:46 From Dennis Parmelee : mainly because stretch was so vigorous
11:09:03 From Dennis Parmelee : can assume its profit taking rather than aggressive selling
11:26:58 From Dennis Parmelee : first pb is buyable for bounce but lower odds
11:27:03 From Dennis Parmelee : weak hands
11:27:23 From Dennis Parmelee : but aligned with intra day trend
11:27:28 From Dennis Parmelee : as we approach lunch
11:27:34 From Dennis Parmelee : think neutral
11:27:40 From Dennis Parmelee : small consolidation
11:28:49 From Dennis Parmelee : have chart nothing on it as well
11:29:08 From Dennis Parmelee : 40.5 demon test
11:31:38 From Robert : A lot is making sense. Thank you.
11:32:14 From Robert : I have the Angel and Demon figured out. IB I am familiar with.
11:35:46 From Dennis Parmelee : ty chad
11:35:59 From Robert : Already have gotten my $ worth.
11:41:50 From Dennis Parmelee : what is the xx range ?
11:42:09 From Robert : xx
11:42:15 From Dennis Parmelee : yes
11:53:24 From Dennis Parmelee : action was premarket and squeeze
11:53:45 From Dennis Parmelee : now need reaction by EOD
11:53:55 From Dennis Parmelee : but still doesnt have to be large
11:57:20 From Dennis Parmelee : jaws of death
11:57:24 From Dennis Parmelee : price higher
11:57:31 From Dennis Parmelee : volume diminishing
11:57:43 From Dennis Parmelee : larry williams
11:59:43 From Dennis Parmelee : if lunch is up for new high
11:59:53 From Dennis Parmelee : will look for a contra this afternoon
12:00:00 From Dennis Parmelee : convenient trade type
12:00:05 From Dennis Parmelee : small
12:01:05 From Dennis Parmelee : review the questions on website
12:01:12 From Dennis Parmelee : we will answer them later
12:01:39 From Dennis Parmelee : robert please send me your email,and gmail if have it
12:01:59 From Dennis Parmelee : there are some videos i need to key in from email
12:02:11 From Dennis Parmelee : then i will also invite u to the slack room
12:02:39 From Dennis Parmelee : that will survive this course for anyone who wants to collaborate from the course ideas
12:14:35 From Dennis Parmelee : range trading for now
12:14:49 From Dennis Parmelee : think small xx
12:15:12 From Dennis Parmelee : convenient traders are faders
12:15:27 From Dennis Parmelee : trend trades will be looking for rebuy
12:15:39 From Dennis Parmelee : those with profits will protect them
12:15:54 From Dennis Parmelee : 8 point range this morning
12:16:31 From Dennis Parmelee : and normally think done by xx ish for primary trade
12:21:54 From Dennis Parmelee : xx in play
12:22:14 From Dennis Parmelee : do not over trade
12:22:24 From Dennis Parmelee : risk 2 make 2 odds
12:27:32 From Dennis Parmelee : will take short break for lunch
12:27:38 From Dennis Parmelee : back around 1 or so
12:27:50 From Dennis Parmelee : rabid dog days are tough
12:28:02 From Dennis Parmelee : once they run hard
12:28:14 From Dennis Parmelee : get near an obvious target
12:28:20 From Dennis Parmelee : like 2442
12:28:30 From Dennis Parmelee : then think small consolidation normally
12:28:40 From Dennis Parmelee : and backing and filling
12:29:00 From Dennis Parmelee : maybe 15% u get a reversal and plunge 10 to 12 points
12:29:29 From Dennis Parmelee : usually guess wrong a few times before we get that
12:29:40 From Dennis Parmelee : need a news event
12:29:47 From Dennis Parmelee : be right back
12:31:56 From Dennis Parmelee : xx rotation
12:32:12 From Dennis Parmelee : means paid by 42
12:32:20 From Dennis Parmelee : if buying 37
12:32:45 From Dennis Parmelee : 40.5 is demon target
12:32:51 From Dennis Parmelee : brb
12:33:09 From Dennis Parmelee : anyone shorting tight stop
13:02:39 From xx : Where is your stop on the short trade up here?
13:03:47 From Dennis Parmelee : if you are trying short during lunch
13:04:06 From Dennis Parmelee : the idea is fade 42/45 zone
13:04:31 From Dennis Parmelee : risk maybe 1.5 or 2 points max
13:04:38 From Dennis Parmelee : try to make 2 points
13:04:48 From Dennis Parmelee : tough time to trade
13:04:54 From xx: This is the time of the day when I tend to give back IB profits.
13:04:56 From Dennis Parmelee : especially short
13:05:12 From Dennis Parmelee : better odds later in the day and higher the price
13:05:23 From Robert : Thank you.
13:06:47 From Dennis Parmelee : stolen range
13:06:52 From Robert : Thank you.
13:06:57 From Dennis Parmelee : that means the range differential
13:07:01 From Dennis Parmelee : travel range
13:07:06 From Dennis Parmelee : is much smaller
13:07:11 From Dennis Parmelee : during rth
13:07:25 From Dennis Parmelee : 7.75
13:07:35 From Dennis Parmelee : and 20.25 all day
13:07:41 From Dennis Parmelee : so regression ideas
13:07:54 From Dennis Parmelee : say fade new highs
13:23:50 From Dennis Parmelee : look at NQ xx middle
13:24:23 From Dennis Parmelee : top of the pipe
13:26:26 From Dennis Parmelee : meat grinder
13:28:20 From Dennis Parmelee : avoid lunch trading and i think your p and l will improve
13:28:53 From Dennis Parmelee : buy first pb and realign with trend
13:29:08 From Dennis Parmelee : acknowledge ourselves as weak hand
13:29:13 From Dennis Parmelee : try to get traction
13:29:26 From Dennis Parmelee : go with trend for logical targets
13:39:50 From Dennis Parmelee : paid by 42 fr sure if long
13:40:44 From Evan’s iPhone : have roughly 4 pts as increments
13:41:53 From Dennis Parmelee : 4.06
13:41:57 From Dennis Parmelee : correct
13:42:01 From Robert : Good work, Evan.
13:42:05 From Dennis Parmelee : knowing that
13:42:18 From Dennis Parmelee : says xx next full step
13:46:13 From Dennis Parmelee : and 45.25 comes first
13:46:23 From Dennis Parmelee : from xx
13:46:31 From Dennis Parmelee : and yest xx
13:46:41 From Dennis Parmelee : so xx is logical frame
13:46:42 From Robert : When you speak of
“yesterday’s range”, is that only the day session, or do you include the overnight.
13:46:57 From Dennis Parmelee : and so is xx
14:03:57 From Dennis Parmelee : largest range
14:04:00 From Robert : Thank you.
14:04:08 From Dennis Parmelee : which is always globex meaning all day
14:08:22 From Robert : It does. Thank you.
14:08:37 From Dennis Parmelee : u bet
14:08:46 From Dennis Parmelee : using xx  now
14:08:57 From Dennis Parmelee : so 40.5 is middle
14:09:15 From Dennis Parmelee : and this system
14:09:19 From Dennis Parmelee : is a fractal
14:09:42 From Dennis Parmelee : so when w think of xx
14:09:46 From Dennis Parmelee : can also be xx
14:09:49 From Dennis Parmelee : or xx
14:09:52 From Dennis Parmelee : same idea
14:10:29 From Dennis Parmelee : so x
14:10:52 From Dennis Parmelee : x
14:16:52 From Dennis Parmelee : 43.5 hit
14:17:06 From Dennis Parmelee : payday is 43.5 to 45.25
14:17:13 From Dennis Parmelee : as resistance targets
14:17:21 From Dennis Parmelee : u dont need to short
14:17:39 From Dennis Parmelee : if u do, realize fighting strong trend
14:17:55 From Dennis Parmelee : and accept stop outs as necessary
14:18:15 From Dennis Parmelee : risk small from profits earned long side if u flip to short
14:18:26 From Dennis Parmelee : no profits no trade rule
14:18:58 From Dennis Parmelee : very visual system, isn’t it?
14:19:26 From Dennis Parmelee : t1 hit 43.5
14:23:02 From Dennis Parmelee : model
14:23:08 From Dennis Parmelee :xx
14:23:15 From Dennis Parmelee : reminder of increments
14:23:27 From Dennis Parmelee : i ike to use
14:24:06 From Dennis Parmelee : xx
14:28:19 From Dennis Parmelee : today we can get fast five if/when this aborts
14:29:00 From Dennis Parmelee : i caution BOTH sides to be conservative
14:29:06 From Dennis Parmelee : squeezers stops up
14:29:25 From Dennis Parmelee : time and price
14:29:36 From Dennis Parmelee : saying be conservative longs
14:29:48 From Dennis Parmelee : bots saying are u kiddin’ me?
14:29:54 From Dennis Parmelee : i want higher
14:29:57 From Dennis Parmelee : lol
14:30:50 From Dennis Parmelee : using x
14:30:59 From Dennis Parmelee : still x
14:31:08 From Dennis Parmelee : xx
14:31:20 From Dennis Parmelee : frog in boiling water
14:35:47 From Robert : Your steps xx
14:36:28 From Dennis Parmelee : yes
14:36:36 From Dennis Parmelee 😡
14:36:44 From Dennis Parmelee : x
14:39:12 From Robert : This flows very well for me. Thank you.
14:46:59 From Dennis Parmelee : x odds change
14:47:05 From Dennis Parmelee : profit taking
14:47:09 From Dennis Parmelee : 2 day swing
14:47:18 From Dennis Parmelee : and day traders
14:50:58 From Dennis Parmelee : rising moving averages are the key
14:51:09 From Dennis Parmelee : for second and third bounces
14:59:44 From Chad : Retraces back through pipe
15:01:31 From Robert : x
15:01:53 From Chad : Thank you
15:02:10 From Evan’s iPhone : thanks e
15:03:08 From Robert : From step size
15:03:32 From Dennis Parmelee : yes but from where?
15:03:46 From Per : price, pattern, timing
15:04:06 From Per : anticipate, react, can’t remember the other one
15:04:20 From Dennis Parmelee : Psychology
15:07:51 From Per : 2xx
15:07:58 From Dennis Parmelee : right
15:09:32 From Robert : 2606.25
15:09:33 From Chad : 2407.5?
15:09:48 From Dennis Parmelee : x
15:10:18 From Dennis Parmelee : exactly right
15:10:38 From Chad : x
15:12:47 From Chad : x
15:13:07 From Per : x
15:13:17 From Dennis Parmelee : futures like emini x
15:13:22 From Dennis Parmelee : stocks
15:13:27 From Dennis Parmelee : per is right
15:15:17 From Robert : Resistance against rain line.
15:15:34 From Chad : Strong snap back on 5m
15:15:56 From Per : breach of blue line
15:16:57 From Dennis Parmelee : sharp snap back
15:17:06 From Dennis Parmelee : if above the mid uni
15:17:18 From Dennis Parmelee : then crossover in extreme to other side
15:20:42 From Dennis Parmelee : squeeze pivot
15:20:54 From Dennis Parmelee : a low
15:20:58 From Dennis Parmelee : that u see
15:21:06 From Dennis Parmelee : that jumps into your mind
15:21:23 From Dennis Parmelee : as a low that is an aggressive pivot
15:21:24 From Chad : Small area of consolidation around a key S/R level where it squeezes and uses that as new support.
15:21:36 From Dennis Parmelee : then work that step by step for targets
15:21:47 From Dennis Parmelee : until that breaks
15:21:58 From Dennis Parmelee : it is holding shorts captive
15:22:06 From Dennis Parmelee : to squeeze higher
15:22:21 From Dennis Parmelee : yes Chad
15:22:25 From Dennis Parmelee : right idea
15:23:11 From Chad : 2434
15:23:23 From Chad : 2437 later
15:27:47 From Chad : roughly xx used as last line of defense (support or resistance)
15:28:57 From Chad : Don’t know
15:29:50 From Dennis Parmelee : that low was xx
15:31:11 From Dennis Parmelee : using the same method i have shown u
15:31:49 From Dennis Parmelee : xx
15:32:05 From Dennis Parmelee : xx
15:32:18 From Dennis Parmelee : so x =
15:32:28 From Dennis Parmelee : x
15:32:37 From Dennis Parmelee : 2486.21
15:32:59 From Dennis Parmelee : and x
15:33:07 From Dennis Parmelee : was the x target
15:35:19 From Dennis Parmelee : hope his helps
15:36:14 From Chad : Do you put more value in RTH only rain line than ETH?
15:37:24 From Dennis Parmelee : i used to like it as the key
15:37:30 From Dennis Parmelee : then
15:37:47 From Dennis Parmelee : i find that more traders are using 24 hr trading ideas
15:37:52 From Dennis Parmelee : so use both
15:43:43 From Dennis Parmelee : bonus
15:43:56 From Dennis Parmelee : what is the DNA of the market ?
15:44:07 From Chad : xx
15:44:09 From Dennis Parmelee : basic building block
15:44:36 From Per :xx
15:44:41 From Robert : x
15:45:33 From Chad : xx
15:46:09 From Dennis Parmelee 😡
15:46:43 From Dennis Parmelee : x those units
15:46:56 From Dennis Parmelee : xx
15:46:56 From Chad : Where does the xx come from? Average rotation size?
15:47:18 From Dennis Parmelee : = x
15:47:36 From Dennis Parmelee : fractions
15:47:44 From Dennis Parmelee : decimilization
15:53:28 From Dennis Parmelee : xx is powerful
15:53:38 From Dennis Parmelee : and below the controlling high
15:57:01 From Dennis Parmelee : later in day and higher the price the better the odds for a short
15:57:20 From Dennis Parmelee : just the least understood idea
15:57:29 From Dennis Parmelee : common sense
15:59:49 From Robert : Thank you, Dennis.
16:00:02 From Chad : Thank you. It’s been a pleasure.
16:00:10 From Evan’s iPhone : thank you E
16:00:35 From Per : Thanks E, I’ve really enjoyed being in the room. Be great to do this again
16:00:56 From Chad : Have a great trip.
16:01:17 From Dennis Parmelee : thank u and good night
16:03:33 From Dennis Parmelee : xx
16:04:16 From Dennis Parmelee : next xx
16:16:58 From Dennis Parmelee : weekly breakout T1 was 2441.31
16:17:13 From Dennis Parmelee : close 2439.75
16:17:27 From Dennis Parmelee : gn and be well

Note

Charts, Text and videos have been sanitized for obvious privacy reasons

Thank You

@TheFibDoctor @olyaniba @RectorRe @onefourdroopy @finlwiz @sanjay @11cjh11 @shemesht @LongTplexTrader @jdextras @bwjnpsl @BEFREEinFL @AnthonyCrudele @Kkta90 @asoup322 @abydnave @WatermanLXXIII @rugbytrades @HamzeiAnalytics thank you all

Vanilla Video

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Videos with more detailed specific explanations reserved for course members.