GLOBEX swinging wide.

Yes, and that's partly why I am wary of the primary setup, because it really should be MRRD'ed right up off that hard, and they keep dicking around. If they exploded it into the close I'd be very inclined to the calls,, and I expected a bounce here regardless, but I think we might have an intermediate top in. This is rolling off my best area of all I have since the 666 low, dead off the upper // for the exact comparison move for W2 on the weekly. To me, this trumps the smaller daily/60 we have here. But it still should bounce it, and it hasn't so far. I'm ready, finger on the trigger, calls staged, but I need a bigger trigger for that.

small DB?

But what will probably happen is it will gap up and run, give me no shot at the calls, and T will get another monster like his 666 play. But until I see something and it gives me something, I am just too wary. Plus, I won't say, maybe I'm already in some puts?

quote:

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Originally posted by mreiserer

key spot here at schiff lower//

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I meant to say Schiff sliding parallel

so we had another 2b trigger here at that DT

Look at that tick ABCD and dump in the Euro.

look at Euro dive

quote:

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Originally posted by jimkane

Look at that tick ABCD and dump in the Euro.

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beat me to it :)

Okay, keep an eye out here for that explosive MRRD ramp. I hope the sellers can put this to new lows. If they do, though, that may set it up for a big overnight pop up.

Rocking chair?..anybody?

I understand what you're saying, T.
I guess my comment was referring to traded timeframe and management.
If one were to trade this as a DT at a key line and 447 the traded timeframe should be a 120min chart.
Based on that it produced three minor bars that, imo, are inconclusive either way.
I didn't take the trade because just a trigger off the PTA wasn't good enough for me. For a daytrade I wanted to see a nice Wave 2 type pullback to get in (which it ultimately still might produce on the traded timeframe). It didn't give me that so I stood aside.
I guess my point is that I have often mismanaged trades in the past because I got caught up on lower timeframes where everything is magnified. while I find it important to see what goes on there and it has helped me understand price action better I have also found it misleading at times.
Like you said, you have the experience to tell the difference on a lower timeframe.
For me it's a work in progress.