Crazy Hat Day
We used to have Crazy Hat Day in a camp program I ran.
Changing hats from bullish to bearish is not easy.
(Note: some of the detailed links will only be operational in this post in members section)
Reviewing a few important posts today.
Double bottoms come first. 95% of the time RTH was spent ranging between 1832 and 1804. Note how I adjusted xx column for seeing that xx proportion.
This was a symmetry trade as seen from this way to calculate it.
Last year at 1831 I posted cover all shorts. It was an important measure and idea from my work. xxxxxx
3 minute chart is usually too fast by the end of the day, migrate to deeper charts like the 5 RTH
AT idea: xxx
Note how the Master Pivots came into play today.
Reminder, umbrella trades usually produce slingshots when they end.
9:59 E all out by 1832 and using 38 stops for short $ES_F
1:10 E expected primary zone for lunch box ow.ly/YdNip
7:01 E in the blink of an eye 70 points off yesterdays high $ES_F trailers only for the stops on the 04
7:11 E go sidelines today if you get confused, especially weak hands $ES_F
2:34 E Usually only about three really good trades a day RTH $ES_F new traders in #EMWS see #aqueduct trade clear
2:22 RT @E: Wt 3 is 1808.75 achieved both rth and globex $ES_F careful shorting too low need bounces for profit taking /angel test 9.25
2:28 E timing trade good fortune below 9.25 $ES_F 22 resistance remains until broken. Stay disciplined and win with trailers
2:37 E classic umbrella pattern. reminder, snap backs can come at any time near prior lows $ES_F stops down and yeeha 1804.5 to 02.5
2:38 E lol
2:47 E boyz trying to jam stops on shorts so relax $ES_F low for today may be in
2:49 E 32 either holds or it doesnt $ES_F needs to hold as resistance or uh-oh
3:10 E battle scarred and weary? done by 18 if short ow.ly/Ye4fJ $ES_F
10:53 MATD says hit bounces but size of overnight range dictated 2 way play IB if flexible. Many times contra better play then try realign $ES_F
12:24 E My thought this morning: dont be a pig today. Hit and run a few times, Boyz will catch late shorts and expect rollover for range trade $ES_F
1:04 E two way day playing out as it should. last hr yesterday was a screamer, will be conservative as short $ES_F slingshots always possible
7:21 E we’ll get ferocious bounces today ow.ly/YcLdl $ES_F
8:01 E Big two day range so two way day $ES_F leaving chips on table is inevitable today.
9:24 E like yesterday, slingshot trades are born out of these overemotional moves. Be wary and disciplined $ES_F
9:45 E: @ciscohitt wtg will be wild today. avoid trouble and catch pieces if playing $ES_F 32 half gap as key resistance today
7:31 E: @flowtrader thank u… doubles (bottoms) usually come first so shorts need profit taking $ES_F 22 to 25 agg resistance
(First key range is identified)
7:44 E 99.5 is a potential target today so using that as support for now $ES_F
3:15 E big boy boxes worked well today ow.ly/Ye52X $ES_F willing to miss good trade now, heading to the pool
4:44 E 9:59 RT @E : all out by 1832 and using 38 stops for short $ES_F / 38 key intact for now ow.ly/YegU3 2 slingshot trades 2day