Surf's up. Good with a full moon too The range has been telegraphed 1319-1296. Meaty fine cheese. If shit really comes loose we'll make a stab at 1250 other wise the next levels will be 1296-1350 or 1313 to 1260.
09.43 and 09.55 - 12 minutes between start of opposite leg and start of main leg! Within my 12-14 min predication. I just goosed it going early. But didn't lose on the short and got into the long. Cheese says we can give ourselves room at the beginning and end of legs (and get more precise as we gain experience and more accurate modelling.) Price can vary, but the key must be the timing - duration of legs, and time when we expect a swing to take over to opposite swing.
A correction at or near 18, then likely a move above 18 to 23.50. Here are my possibilities. Had a good morning so trading more aggressively this session and not going to worry about the outcome of this trade. I've just seen more evidence of bears coming into the market (and of course they are wrong), so I may pull my scale order at 18 as I now believe more in 23. I still like to get some off early on a larger than normal position.
High 17.75...missed by a tick. Missed the reverse signal too. Need to stop posting here! Since I'm still in long I gotta have faith that the shorts are being bought up for a squeeze - else I'll need to scratch this and call it a day.
I've just had a little nibble long on YM mini dow from 436 targeting 500. Put a 7 tick stop in and forget about it until stop or target hit? There is usually a violent and sustained break out of a "chop" area where people are confused. There is order to this, and in a "choppy" range one ought to know in advance the direction the market will likely break and be positioned for it. This morning the market is to go long, so trade in the direction of that break. If we run into problems by failing to break significantly the old high, you can exit at small profit or wash, unlike those who only see trades after the fact (breakouts, hindsight double bottoms, etc)