GLOBEX swinging wide.

if it follows through lower // would hit circa 881

key spot here

they are sure defending this spot

would I love to see some stops taken out here

You made a great call on that short, M. I didn't like the odds for a new entry, but there was a seller lurking, the setup was a good one, and this one played out. I hope they get it fully into the primary area, so we can see what the next step is.

Thanks. I was long too when it bounced and reversed my position at the short spot.

very tight with my stop as it approaches the primary area

Very nice. Glad to hear you nailed this one both ways. Sweet.

Keep one thing in mind. I'm not saying hold some of your position or anything, as I never give advice, but if the primary area doesn't hold (it likely will, I think), this may flush hard, so when I'm in this kind of position, I decide ahead of time if I'll give some of the position a good chunk of breathing room to see if the flush may play out.

this will be interesting, I need to see something convincing for this to change directions

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.