This DT4$2 course has been the best value for money ever. E has been through hurricanes and still worries about his students. Dead markets.. E is there making lessons. Hours of videos a day, every day live room for a month! This is dedication. A teacher that trades … AMAZING
Trader Simon@TradingSimon
Zoom Room
09:16:24 From Dennis Parmelee : good morning
09:16:30 From Dennis Parmelee : https://content.screencast.com/users/EMWS/folders/Jing/media/2d3d8f51-dbc1-4da2-8861-a2e1f3467892/2017-10-09_0915.png
09:17:19 From Dennis Parmelee : we had an open gap at 50
09:17:25 From Dennis Parmelee : that has been closed
09:17:32 From Dennis Parmelee : we had a gcf at 43
09:17:42 From Dennis Parmelee : that supported overnight push
09:17:46 From Simon : screen?
09:17:56 From Dennis Parmelee : no screen
09:18:01 From Dennis Parmelee : its on holiday
09:18:08 From Simon : hehe oK
09:18:13 From Dennis Parmelee : 🙂
09:18:22 From Simon : so bye bye, see you tomorrow
09:18:28 From Howard Lu : lol
09:19:03 From Simon : i mean it, i’ve asked on twitter and elsewhere, is it a holiday or not
09:22:10 From Howard Lu : bank holiday today
09:22:20 From Howard Lu : so I guess light volume
09:40:35 From Dennis Parmelee :xxx is wing and a prayer for half gap 47
09:40:49 From Dennis Parmelee : 47.13
09:41:04 From Dennis Parmelee : 50 gap is closed rth
09:45:03 From Zeek Snodgrass : 46.75 globex angel hit
09:46:56 From Simon : agreed i’m agressive short now
09:47:48 From Simon : turkey stuff is new and telling … NK, Iran and Turkey, trump taking on a lot
09:50:47 From Dennis Parmelee : gap traders lock it at 45.25
09:50:59 From Dennis Parmelee : trail if u have it
09:51:02 From Dennis Parmelee : a few mins
09:51:18 From Dennis Parmelee : 2544.5xxxx
09:54:01 From Dennis Parmelee : lucky guess
09:54:05 From Dennis Parmelee : convenient trade
09:54:19 From Dennis Parmelee :xxxxx
09:54:30 From Dennis Parmelee :xxxxx
09:54:37 From Dennis Parmelee : xxxx
09:57:08 From Dennis Parmelee : stop 41 for buy
09:57:32 From Dennis Parmelee : pfs by 44.5 if trailing
10:02:04 From Simon : we going to 07 no? 🙂
10:04:53 From Simon : pending short set at 2549 then] 10:06:00 From Dennis Parmelee : so opens xxxxx
10:06:08 From Dennis Parmelee : xxxxx
10:07:49 From Renato : GM ALL
10:07:55 From Renato : not trading today…
10:09:10 From Renato : I thought market was closed today…
10:09:32 From Zeek Snodgrass : bbl
10:10:11 From Harvey : yes
10:17:21 From Dennis Parmelee : lock profitsif short
10:17:32 From Dennis Parmelee : accept gifts
10:17:34 From Renato : bbl
10:17:37 From Dennis Parmelee : 40.5 magnet
10:17:43 From Dennis Parmelee : is supportive
10:30:53 From Dennis Parmelee : brb warmin java
10:40:14 From Dennis Parmelee : chart in play
10:41:19 From Dennis Parmelee : shows how stretched we are
10:42:17 From Dennis Parmelee : hit a bounce today
10:42:39 From Dennis Parmelee : but caution if want too much
10:42:56 From Dennis Parmelee : if no bounce
10:43:04 From Dennis Parmelee : may miss a few shekels
10:43:45 From Dennis Parmelee : using xxxxxx
10:45:31 From Dennis Parmelee : limited bounce
10:46:03 From Dennis Parmelee : but not much edge shorting here
10:47:05 From Dennis Parmelee : target 42 yet possible
10:47:16 From Dennis Parmelee : 46.25 as resistance for it
10:47:25 From Dennis Parmelee : 25% chance
10:56:42 From Dennis Parmelee : the 43 db intact for now
10:56:53 From Dennis Parmelee : and i think if buying the low
10:57:02 From Dennis Parmelee : try for two to 2.5 points
10:57:07 From Dennis Parmelee : risk 2 make 2
10:57:54 From Dennis Parmelee : usually best to think inside ovn range first
10:58:04 From Dennis Parmelee : then worry about the breakout or breakdown
10:58:38 From Dennis Parmelee : 42.5 is xxxxx
10:58:54 From Dennis Parmelee : so it could get tested as marginal low
10:59:24 From Dennis Parmelee : xxxx intact
11:02:28 From Dennis Parmelee : taking quick break
11:02:44 From Dennis Parmelee : if we knock out 46.25
11:02:53 From Dennis Parmelee : low likely in for now
11:44:40 From Dennis Parmelee : middle test is done
11:44:43 From Dennis Parmelee : 456
11:45:02 From Dennis Parmelee : primary trade is done
11:45:47 From Dennis Parmelee : 45 is angel rth
11:46:01 From Dennis Parmelee : 48.25 rth demon
11:56:31 From Dennis Parmelee : uh oh
11:56:37 From Dennis Parmelee : brown out
11:56:54 From Dennis Parmelee : cable tv
11:57:25 From Dennis Parmelee : is actually plugged in to one of our unit holders exterior electric for power
11:57:39 From Dennis Parmelee : for our street
11:57:50 From Dennis Parmelee : owner called me and asked me to check it out
11:57:56 From Dennis Parmelee : sure enough
11:58:04 From Dennis Parmelee : orange extension cord
11:58:06 From Dennis Parmelee : lol
12:01:55 From Simon : hi all , was caught up with fun with 4 year old! looks like I missed range of 2 … oh joy
12:02:18 From Simon : oh i’ll give it credit 3
12:03:26 From Simon : 47 looking like the line
12:04:38 From Dennis Parmelee : risk 1 make 1 if trade lunch
12:04:44 From Dennis Parmelee : 47/48 resistance
12:04:48 From Dennis Parmelee : aggressive
12:06:45 From Dennis Parmelee : throw away day
12:06:48 From Dennis Parmelee : market open
12:06:53 From Dennis Parmelee : not much going on
12:19:25 From Dennis Parmelee : no trades recommended
12:19:51 From Dennis Parmelee : assume high and low are in
12:19:56 From Dennis Parmelee : avoid trouble
12:20:04 From Dennis Parmelee : find 4 or 5 points a day
12:20:07 From Dennis Parmelee : be happy
12:41:01 From Dennis Parmelee : 45 angel test
13:04:03 From Renato : 5 points a day can take an account from US$ 5,000 to 1 M in 6 months or so. 🙂
13:04:27 From Renato : Powerful business indeed.
13:04:43 From Dennis Parmelee : smart
13:05:06 From Dennis Parmelee : key is finding high odds duplicatable ideas
13:05:24 From Dennis Parmelee : like rodgers going to his favorite receiver
13:07:02 From Renato : yes, some setups are real no brainers.
13:09:41 From Renato : Swing trade idea still in play from last week…
13:10:09 From Renato : not easy to hold though, but, managing risk is all we can do.
13:11:24 From Renato : 2566-70 on my map is next key area for swing players, *IF* above 52-54
13:18:28 From Dennis Parmelee : did brief video for those who are intelligent enough to be playing and not here
13:18:30 From Renato : Everything I do is observe the patterns it repeats over and oever again.
13:19:02 From Renato : *All I do
13:19:43 From Dennis Parmelee :xxxxx
13:19:52 From Dennis Parmelee : voer and over is one pattern
13:22:06 From Dennis Parmelee : range trade breakout is another
13:22:18 From Dennis Parmelee : half gap gap is another
13:46:49 From Renato : bbl
13:47:10 From Dennis Parmelee : why?
13:47:12 From Dennis Parmelee : lol
13:51:25 From Simon : still not here and still 45-47 “range”
13:51:43 From Simon : gotta love the opportunities that 0.1% gives
13:52:05 From Dennis Parmelee : noise trading is all
13:53:17 From Simon : was a very nice KFC, kids love it and now I have them running around manic for an hour 🙂
13:55:19 From Dennis Parmelee : they take advantage of crutch man just recovering
13:59:47 From Dennis Parmelee : we are near the doji from Friday
13:59:56 From Simon : oh yes, they are clever even at 4 , you cant catch me crap, they know
14:00:21 From Dennis Parmelee : i think we can still test 47/48 before day over (wrong)
14:04:22 From Simon : promises of 0.05% move …. uncle you tease us
14:13:38 From Simon : Thx Dennis.. for those thay dont follow news.. North Korea has a big day tomorrow
14:13:59 From Dennis Parmelee : trump, weinstein etc in news
14:14:06 From Dennis Parmelee : and price reacts
14:14:09 From Simon : maybe nothing but averages say might be something
14:14:27 From Dennis Parmelee : i like chances for pb
14:14:33 From Simon : be small or hedged
14:14:37 From Dennis Parmelee : but takes time normaly
14:14:46 From Dennis Parmelee : for tops to develop
14:17:09 From Simon : very personal opinion obviously
14:17:42 From Simon : forget tops… could be big shit storm excuse language
14:18:12 From Dennis Parmelee : i met a guy last week said 50% correction by november
14:18:18 From Dennis Parmelee : i said BS
14:18:38 From Simon : 20% by Nov easy
14:19:06 From Dennis Parmelee : give me a number
14:20:28 From Simon : turkey, iran, greece, spain, north korea, saudi, yemen …plenty of options , the world is not at peace at the moment
14:20:51 From Dennis Parmelee : never has been and never will be
14:21:38 From Simon : yes actually been flat stable
14:24:01 From Simon : so as a brit… i think it takes GS staff in WH telling wallstreet peepsn to buy to keep it in check. seems very controlled. or msybe my tin foil hat is too tight
14:29:34 From Simon : shoot me.. will take time… but when ready ..xxxx trump killer will happen one day … does not help trading today but chart screams xxxx
14:30:09 From Dennis Parmelee : ok ty
14:30:31 From Dennis Parmelee : 44.5 xxxxx
14:31:50 From Simon : h chart pattern
14:32:35 From Simon : 39 measured moved
14:33:10 From Dennis Parmelee : right on brekdown 39.25
14:33:20 From Dennis Parmelee : but 43/42 first
14:33:29 From Dennis Parmelee : then 50.5 magnet
14:33:50 From Dennis Parmelee : rain at 42.5 may have something to say about it too
14:36:33 From Simon : which tf for rain?
14:36:46 From Simon : is that 5 min or 15?
14:36:47 From Di : now if only we knew how to calculate that rain line (hehehe)
14:36:55 From Simon : 5 min ok thx
14:36:57 From Dennis Parmelee : 5 rth
14:37:04 From Dennis Parmelee : rainline
14:38:30 From Dennis Parmelee : sept 27 last touch
14:38:33 From Dennis Parmelee : bom bias
14:39:03 From Dennis Parmelee : xxxxx
14:39:18 From Dennis Parmelee : pfs by rain at 42.61
14:39:27 From Dennis Parmelee : = xxxxx
14:59:39 From Dennis Parmelee : stop 47 for 42; get to 41.5/ 40.5 today is a big yeehaa
==============================
15:14:55 From Zeek Snodgrass : Hi
15:17:44 From Dennis Parmelee : hey z
15:17:50 From Dennis Parmelee : using hotspot
15:18:05 From Dennis Parmelee : xxx
15:18:20 From Dennis Parmelee : 39.25 t1
15:18:28 From Simon : smiles… Dennis you cover all bases… best opportunity to lean with you, cant ask for more
15:19:31 From Dennis Parmelee : thanks simon
15:20:18 From Dennis Parmelee : xxxxxx
15:20:27 From Dennis Parmelee :xxxxx
15:20:33 From Dennis Parmelee : xxxx
15:20:42 From Dennis Parmelee : and xxxxx
15:20:55 From Dennis Parmelee : magnet 40.5 hit
15:29:49 From Dennis Parmelee : breakdown 43
15:30:03 From Dennis Parmelee : 43.5
15:33:32 From Dennis Parmelee : 38 is xxxxx
15:33:40 From Dennis Parmelee : xx= 38
15:37:58 From Zeek Snodgrass : FWIW No crash until we get severely oversold. Once we have this condition, a crash is possible
15:38:42 From Dennis Parmelee : ty
15:40:16 From Zeek Snodgrass : Try and identify when we crossed from a market to a fanatasy
15:40:26 From Zeek Snodgrass : we will go back to that level for sure
15:40:37 From Zeek Snodgrass : yes
15:41:11 From Zeek Snodgrass : 1987 crash was what started the cycle of Fed intervention which reached its peak with Bernacke
15:41:22 From Zeek Snodgrass : He still won’t admit his error
15:41:26 From Zeek Snodgrass : pure fantasy
15:41:51 From Zeek Snodgrass : xxxxwas my starting point
15:42:00 From Zeek Snodgrass : I had xxxx target
15:48:11 From Dennis Parmelee : gret call crutch man for 39 measured move
15:48:30 From Dennis Parmelee : second rotation is xxxx
15:48:32 From Dennis Parmelee : xxxx
15:49:32 From Zeek Snodgrass : xxxxx
15:49:56 From Dennis Parmelee : agreed
15:50:18 From Zeek Snodgrass : have to think xxx is a target for bears, break xxxx and then bulls get rolled up and squeezed
15:50:45 From Zeek Snodgrass : long term players should be selling long positions
15:51:18 From Zeek Snodgrass : see if they sell the news with earnings, that will be clue run is nearing and end
15:51:18 From Dennis Parmelee : profit taking swing
15:53:34 From Zeek Snodgrass : All eyes on Spain, what happens next?
15:55:16 From Zeek Snodgrass : if hit xx beforexxx look for panic sellingxxx
15:59:04 From Zeek Snodgrass : got back too late for second entry short
16:00:57 From Renato : thank you, E. Back to business as usual tomorrow.
16:01:14 From Zeek Snodgrass : good night, cya tomorrow
16:01:23 From Renato : GN ALL
16:02:01 From Dennis Parmelee : Z pattern
16:02:06 From Dennis Parmelee : xxxx
16:02:17 From Dennis Parmelee : xxxx
16:03:13 From Dennis Parmelee : xxxx
16:04:08 From Dennis Parmelee : 44.5 xxxx
16:04:20 From Dennis Parmelee : 44.75 xxxxx
16:04:29 From Dennis Parmelee : so 456 in play
16:04:33 From Dennis Parmelee : and symmetry
16:06:09 From Dennis Parmelee : good night
16:06:19 From Dennis Parmelee : take care simon
16:07:06 From Dennis Parmelee :xxx bounce
Worth another look ow.ly/55je30fJWKx DT4$2 keep it simple and discover new worlds of opportunity
Thank You Simon. Inquisitive traders like you help to make the experience more meaningful for all of us
Half gap and Gap trade done, 51/52 resistance intact, PFS on trailers 44.5 DT4$2 convenient trade done lock profits go play
Understanding risk and reward at the open was stop two points and gap was 5 points. #kiss DT4$2 limited range trade assumed today
Active students with flexible minds can be taught ideas ow.ly/qHeA30fKQFE DT4$2 knocked out weak hands long today
Baseball by committee doesn’t work and neither does trading #oldschool / CF has to make the texas leaguer catch against cubbies in the 8th
Slack
—– Today October 9th, 2017 —–
Zeek Snodgrass [8:28 AM] gm
Zeek Snodgrass [8:35 AM] Happy Columbus day
[8:36] Thanks to Columbus we have the USA, the greatest nation in history[8:37] Holiday trading, low volume, limited price range[8:37] IB will be best oportunity[8:40] one way up since first bar last night[8:40] tested lwh 50.75[8:41] now need to test Fri rth hi 0f 47.5[8:41] and possible gap fill at 45[8:41] earnings start this week[8:42] everyone has the Hurricane excuse
eminiwizard [8:50 AM] thanks zeek and good morning all
[8:51] https://content.screencast.com/users/EMWS/folders/Jing/media/304c356b-eab3-4e59-9242-6840fe307c64/2017-10-09_0851.png (36kB)[8:52] starting with xxx[8:52] xxxxxxx[8:52]xxxxxx[8:52] then if necessary xxxxxx[8:53] nq already leading the charge[8:53] i agree with zeek[8:53] limited range and low volume[8:53] perfect conditions for grind/squeeze higher (wrong)[8:54] and best ops IB then traders spend some time goofing around[8:55] the next primary target is xxxxxx[8:55] we will keep that in mind this week[8:56] 47.75 is xxxx[8:57] hard to get excited about today’s opportunities[8:58] but hey, Boston and NY won yesterday, so anything can happen[8:58] great finish in Packer game
tradingsimon [9:07 AM] Hi guys. Looking forward to this week. Finally I am recovering on the correct medication and can walk again. I didn’t post before but if you see I different Simon in the coming weeks it’s cuz I can walk without crutches for first time in a month
eminiwizard [9:08 AM] wow
[9:08] good for u
tradingsimon [9:09 AM] with hindsight, i should have stepped away from my trading platform
eminiwizard [9:09 AM] pushing buttons with crutches was a bit awkward I guess
tradingsimon [9:10 AM] exactly… but as the last few weeks has told me… the pressing buttons is nothing … its your ability to be mindful/mindless/mindclear
[9:11] being dizzy from pain isn’t the position to make sound trading decisions[9:11] in other news, that was me Simon tweeting[9:12] Trader Simon
eminiwizard [9:13 AM] Thank you Simon that was very nice of you
[9:13] much appreciated[9:13] https://zoom.us/j/272xxxxx5 zoom
tradingsimon [9:13 AM] The truth is easy to write
eminiwizard [9:16 AM] https://content.screencast.com/users/EMWS/folders/Jing/media/2d3d8f51-dbc1-4da2-8861-a2e1f3467892/2017-10-09_0915.png (83kB)
eminiwizard[3:08 PM] connection problem
[3:12] https://zoom.us/j/563901150[3:12] paid for sure by 39.25 if trailer
eminiwizard [4:20 PM] https://content.screencast.com/users/EMWS/folders/Jing/media/3e49cb24-f878-4e6e-be65-23f04870970e/2017-10-09_1613.png (46kB)
