What a difference a day makes.

Wrong Way Charlie ( all of us at some time ) loves to be a chaser when the trend is “too” obvious.

Today we were looking primarily short side, because of yesterday’s egregious nature.

Even Afternoon After Trend Day didn’t help the longs.

78 to 76 made sense as targets, the question as always remained: would reality match our plans?

Inside day plays out, and the morning doldrums gave way to a descending triangle break to test a breakout from yesterday.

 

 

zOOm

09:13:38 From Dennis Parmelee : good morning
09:14:02 From Dennis Parmelee : #EMWS primary magnet is 79.5 and was hit overnight
09:14:30 From Dennis Parmelee : i think we have some stolen range from yesterday
09:14:59 From Dennis Parmelee : tthat means we should think lmited upside today
09:15:09 From Dennis Parmelee : retest high possible , even take it out
09:15:23 From Dennis Parmelee : but not thinking another big day up like yesterday
09:27:39 From Dennis Parmelee : hit a bounce or two
09:27:44 From Dennis Parmelee : not all day sell
09:35:29 From Daniel to Dennis Parmelee(Privately) : how much longer do you have in the nice FL weather before heading back to the arctic North
09:35:51 From Dennis Parmelee : 82.75 is half gap
09:36:15 From Daniel : safe travels
09:36:50 From Dennis Parmelee : half is primary call
09:37:01 From Dennis Parmelee : meaning stop 79 try for 82.75
09:49:34 From Dennis Parmelee : 78.5 target was sucker play
10:00:32 From Dennis Parmelee : 82.75 is the xx this swing
10:02:21 From Dennis Parmelee : looks like 80.25 is being challenged as it should be
10:09:33 From wei : thx, i took it
10:09:58 From wei : great predication
10:11:37 From Dennis Parmelee : not a prediction but more an educated guess
10:12:55 From Dennis Parmelee : yesterday wass a rdd
10:13:09 From Dennis Parmelee : today we are much less volatile this first hr
10:13:35 From Dennis Parmelee : 12 point differential yest
10:13:51 From Dennis Parmelee : mitigates my belief in big move up today
10:14:04 From Dennis Parmelee : thats why i liked back and fill idea today
10:14:16 From Dennis Parmelee : consolidate
10:14:31 From wei : 76 coming?
10:17:59 From Evan’s iPhone : this also xx
10:18:04 From Evan’s iPhone : xx
10:18:53 From wei : thx
10:22:01 From wei : what’s today’s pp, r1, s1?
10:24:39 From Dennis Parmelee : 80 pp
10:24:47 From Dennis Parmelee : 77.62 s1
10:25:47 From wei : thx
10:25:59 From Dennis Parmelee : sorry typo
10:26:08 From Dennis Parmelee : 77.62 is rainline
10:26:15 From Dennis Parmelee : s1 is 70.63
10:26:25 From Dennis Parmelee : r1 97.88
10:44:05 From Dennis Parmelee : theta burn possible now
10:44:55 From Dennis Parmelee : everyone hyped up for big move
10:45:01 From Dennis Parmelee : after yesterday
10:45:03 From Dennis Parmelee : nope
10:51:50 From wei : can you send the link of the video again?
10:52:20 From Dennis Parmelee : 78 support for longs until broken
10:52:33 From Dennis Parmelee : MATD buy for half gap and gap
10:52:48 From Dennis Parmelee : take what we can
10:52:56 From Dennis Parmelee : market stingy right now
10:53:03 From wei : the password is the same , right?
10:53:28 From Dennis Parmelee : only sgg dhorts playing hit and run from middle zone
10:53:36 From Daniel : wei, xxxx
10:53:46 From Dennis Parmelee : yes
10:53:51 From Dennis Parmelee : reminder price
10:53:55 From Dennis Parmelee : pattern
10:53:57 From Dennis Parmelee : timing
10:54:04 From Dennis Parmelee : psychology
10:54:08 From Dennis Parmelee : anticipating
10:54:12 From Dennis Parmelee : reacting
10:54:58 From wei : thx
11:00:27 From Dennis Parmelee : longs if trying for 84/85
11:00:49 From Dennis Parmelee : use idea of stop 1 point
11:00:57 From Dennis Parmelee : too narrow a range
11:01:07 From Dennis Parmelee : not good odds really either side
11:01:42 From Dennis Parmelee : havent been able to break the xxx bounce yet
11:15:30 From wei : 76 please
11:17:57 From wei : yes.
11:18:10 From wei : just more safer buy, right
11:18:30 From wei : maynot get it
11:20:27 From wei : 78 is gcf, right?
11:20:55 From Daniel : controlled sell
11:21:35 From Daniel : 10 back from yday hi
11:30:08 From wei : question: from august 20 to early nov, market just keep pushing higher, there is gap up open almost every day, how should we trade in that environment?
11:32:08 From Dennis Parmelee : great question
11:32:36 From Dennis Parmelee : everyone type in your answer
11:32:44 From Dennis Parmelee : with hindsight as your guide
11:33:22 From wei : don’t know
11:34:05 From wei : follow the trend
11:34:19 From Cobalt : same way we trade now
11:34:29 From Cobalt : be consistent
11:34:37 From Daniel : historic times lately, when in doubt ask a friend, trend is your friend…learned that the hard way thinking the gaps must fill
11:35:36 From wei : i should say a lot of gaps
11:37:36 From wei : only recently after we start taking training, it becomes choppy, lol
11:38:10 From wei : you mean support is xx  day trend line
11:40:46 From wei : great, thx
11:44:23 From Cobalt : E, one thing that wasn’t mentioned yesterday (I don’t believe) was that the xxx was 2575. Market took off from there.
11:44:41 From Cobalt : RTH
11:46:07 From wei : what is pink line moving average?
11:46:51 From Dennis Parmelee : model isxxxxx
11:47:08 From Dennis Parmelee : xxxx
11:47:12 From Dennis Parmelee : model
11:47:31 From Cobalt : right
11:49:48 From wei : thx
11:51:54 From x to Dennis Parmelee(Privately) : E, would you consider doing a course ONLY for those of us that have the EMWS system?
11:54:02 From xx to Dennis Parmelee(Privately) : This has been very helpful for me
12:00:45 From bc : thanks
12:00:47 From wei : thx
12:01:00 From xxxx : It has been great, thanks
12:01:45 From Dennis Parmelee : good

=================

13:47:33 From Dennis Parmelee : just a slugfest today between one or two traders I think
13:47:47 From Dennis Parmelee : pathetic range
13:48:02 From Dennis Parmelee : stolen range idea was right
14:09:24 From wei : sorry
14:10:19 From Daniel : not a problem wei
14:11:48 From Dennis Parmelee : aatd
14:11:56 From Dennis Parmelee : makes more sense than matd
14:12:11 From wei : trend up or down
14:13:43 From Daniel : my T1 is 85.25 T2 88.25, not seeing T2 until Sunday ON.
14:14:50 From Dennis Parmelee : no trend
14:15:09 From wei : thx, so no trade
14:15:46 From wei : gld up big, transport down big, not a good sign?
14:16:42 From Dennis Parmelee : throw away 2 tics what is the range
14:17:05 From bc :xxxx
14:17:13 From Daniel : xxx
14:17:16 From Daniel : xxx
14:17:19 From Daniel : rth
14:23:00 From Daniel : literally like ON consilidation thus far
14:24:42 From Dennis Parmelee : position squaring
14:24:55 From Dennis Parmelee : weak hands that held over are in trouble still
14:26:17 From Dennis Parmelee : still magnet 79.5
14:29:19 From Daniel : if you dont mind can you discuss the hidden pivots? missed par tof that
14:32:01 From Dennis Parmelee : sure
14:32:22 From Dennis Parmelee : 1 minute
14:34:43 From wei : dan, what does tof stand for?
14:35:14 From Daniel : not sure, where do you see that
14:35:45 From wei : your post, missed par tof
14:36:03 From Daniel : otf is other time frame and some use it as one tick failure
14:36:16 From wei : oh, you mean missed that part of it
14:37:01 From Daniel : what post? at what time? i odnt ses that T1 T2 target 1 target 2
14:37:31 From wei : don’t worry
14:37:36 From Daniel : oh, the post just not to E, par tof, sorry
14:37:52 From Daniel : just now, cant type
14:44:53 From Daniel : thank you
14:45:01 From Dennis Parmelee : u bet
14:45:42 From Dennis Parmelee : brb
14:51:24 From Dennis Parmelee : nasty day
14:56:10 From wei : agree
15:06:06 From Dennis Parmelee : tiny descending triangle
15:06:41 From wei : is that bullish or bearish?
15:14:15 From Daniel : bearish, if it plays out
15:14:34 From Dennis Parmelee : bearish
15:14:38 From Dennis Parmelee : but range so small
15:14:50 From Dennis Parmelee : it could easily beome rectangle
15:15:16 From Daniel : consolidation, correct
15:15:41 From wei : thx
15:26:08 From wei : 76 may still come
15:26:24 From Dennis Parmelee : es
15:26:26 From Dennis Parmelee : yes
15:36:18 From Dennis Parmelee : late day shorts
15:36:29 From Dennis Parmelee : paid for sure by 78 if short
15:37:27 From Dennis Parmelee : we all agreed xxxx
15:37:58 From Dennis Parmelee : i hope this voice of reson helps you be a better trader
15:38:20 From Dennis Parmelee : so shorts may want to get paid for day’s work
15:48:07 From wei : the move was made
15:53:38 From Daniel : how is that computed
15:53:41 From Daniel : OCF
15:53:50 From wei : thx
15:53:52 From wei : great
15:53:55 From Daniel : lol
15:54:43 From Daniel : xxxxx.ohh
15:54:51 From Daniel : thought it was options
15:55:25 From Daniel : so thexxxxxxx i remember someone answering the otherday..
15:55:47 From wei : so it is xxxxx
15:57:36 From Daniel : thank you for the knowledge and safe travels back North…be safe out there.
15:58:12 From wei : from here to next week, can you predict? (Yes, from Naples to New Haven)
15:59:17 From wei : thx a lot
15:59:24 From bc : lol
15:59:35 From wei : lol
15:59:46 From wei : have a happy holiday
16:03:15 From bc : pretty much another xxxxxx
16:03:36 From wei : helps a lot
16:03:53 From bc : have a great trip
16:04:07 From bc : barbara ann
16:04:22 From bc : i just go by barb
16:04:31 From bc : surely
16:04:46 From bc : yes offload
16:04:51 From bc : thanks!
16:04:59 From Dennis Parmelee : 🙂

Slack

—– Today November 17th, 2017 —–
eminiwizard[7:23 AM]
https://content.screencast.com/users/EMWS/folders/Jing/media/fbb013e0-3ec3-4c6xxxx2.png (42 kB)

[7:24]xxxxxxx off the high ooohhhh I dont want to short it …lol just kidding[7:24]
came after 230

[7:25]why this business is so challenging is we need 24 hrs a day for best opportunity

[7:25]be happy with reasonable opportunities

[7:25]xxxxxx

[7:26]options exp

[7:27]that 78 retest important[

7:28]
should be consolidation / MATD

[7:30]https://content.screencast.com/users/EMWS/folders/Jing/media/d103adc5-946c-4959-bca9-b4axxxxx1-17_0728.png (111 kB)[7:30]

https://content.screencast.com/users/EMWS/folders/Jing/media/bec231e9-747e-41fd-bcxxxxxd/2017-11-17_0729.png (90 kB)

[7:32]java back later

 

eminiwizard[8:21 AM]  https://content.screencast.com/users/EMWS/folders/Jing/media/e805b196-cd77-45f8-a7b2-89xxxx/2017-11-17_0819.png (26 kB)

[8:22] hit and run in range if playing this morning

[8:23] gcf south side is 78

[8:23]  lxxx its 88

[8:24] andxxxxx

xxxxx  [8:25 AM] I got 3 points and ran, you’ve shown me the way for getting out quick in premarket ~ I used to hold for a bigger move and usually lost most of it :sweat_smile:

evan [8:25 AM] gm all

eminiwizard [8:25 AM]nice

eminiwizard [9:03 AM]Pre market consolidation

[9:03]hi Evan

Wei [9:06 AM] What isxxx for?

evan [9:07 AM   xxxxxx

eminiwizard [9:09 AM] Evan is paying attention

Wei [9:11 AM] Thx

eminiwizard [9:12 AM]
https://zoom.us/j/809699377 zoom

eminiwizard [1:46 PM]
https://zoom.us/j/335507773 zoom open for awhile