Agree with your analysis, but why am I reading 78.6% @ 2955 and you appear to have it at lower @ 2948?

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He's probably assuming a low liquidity period 50 std contracts is 5 mill tho' not 50 mill...

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$100 per pip is a $1 mill size position (or 10 standard sized contracts @ $100 K), is that what you're trading? Looks like objective about to be hit anyway... God you'd only need a few of those trades a month for a half decent lifestyle...

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Leon, one of the coolest films of all time...

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Yeah fine, what I'm saying is, that the trend this afternoon was up... and 75 pips a day over a 20 day trading month equates to 1500 pips and you experienced a 75 pip drawdown in open position profit, even if it was temporary. Anyways semantics, ...

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I'd call 75 pips a good day's takings, even better if you switch, sell & sell short at or near the top... Of course I'm not saying it's possible to consistently catch 100% of the move, but even 50% is good going... PS. by re-distribution I'm not ...

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Sorry mfoste1, gotta take issue with that, there was a 75 pip rally this afternoon and professional money was moving it, sure it may well have been re-distribution, but why not trade it, better than watching your profits evaporate... My two cents & ...

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best possible R:R... Buy at Support, Sell at Resistance, markets trend approx. 40% of the time...

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I hope so...

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I hope you're kidding about the suicide bit!!

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Yep, no sign of a bounce so far, I can see it possibly going lower... Gonna stick with 2955 and then 2916

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It's the bat signal...

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probably bb spouting a load of hot air...

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The thing with America is that their home market is so big that they have little interest in or need to export... So if you're not American, you won't be familiar with many of their products, which is a pisser imo, because I think they have some ...

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Kia Ceed, crackin little hatch back, great price and 7 year warranty, build quality, design, drivability, can't fault it... I remember working on market research projects for South Korean exporters back in the mid 90's, they certainly made it ...

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Yes agree fontu, the other obvious scenario, however it fell short of testing the major monthly descending trend line...

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If it follows standard MO (happens often enough to give an edge), it will consolidate near the low through the rest of NY, before asia take out the low marginally for stop triggering, then will range the rest of the night or begin correction... My ...

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No, I thought 32xx would be extent of corrective wave 4, in 5 wave pattern originating 18xx...

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How much further to go is the question, I was expecting 32xx for sure but with TL break...???

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Ouch, yeah I think there's more ice than snow now... I hate Winter!!

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