WilleeMac 

My head is not in it today so for now I'm NOT trading -Bill

What do you mean? These lines were supposed to be areas to try long, short? What's not lining up?

Thx

mfbreakout 

What do you mean? These lines were supposed to be areas to try long, short? What's not lining up? Thx

Quickly I will say

Pit folks look for a 50% re-trace, half-way-back, pullback of any move to enter a trade, long or short

In this scenario it would be a re-trace (50%) of yesterday's moon shot. It's not uncommon for a compulsory move to come back (give back) at least half of the move (gains.)

Skull fuck the longs.

I'm not trying to be an ass, please don't take it that way

-Bill_M

EDIT

After typing that, I would say accumulation for distribution (0950amET)

As to who will be the bag holder -long or short- we will see (I'm thinking going long, a minute or two will tell.)

EDIT2

I always pull low to high or high to low, regardless of time frame. Some say that is a backwards Fibonacci pull - however 50% is 50% (yellow line, always the yellow line.)

mfbreakout 

Looking to go long within todays OR. that's one scenario. Next scenario will be to short on one more flush up above 52. I was hoping for one into the close but no go. Thee most profitable and exciting short for me is when we get couple of flush ups of 200+ ticks.

long 50.98. I am in 40 ticks mode. Scaling some and then holding some for bigger move. It's not fun when it takes 45 minutes of hold time to get paid but that's the way it is.

Chart is from yesterday post.

I've posted on this before

1000amET, giddy up bitch - will it hold?

-Bill_M

Why i am in 40 ticks mode from the long side so far.

My previous post

Look for that spike down to hold short at .25 or .5 of that bar for short

Else, look long above the open of that bar (marker bar)

I does not ALWAYS work, but odds are on my side of + or - (high or low of that bar)

-Bill

EDIT



EDIT2

The conundrum

Did it hold, the low of that bar or did it not?

Scalping, always fun filled adventure for you and your neighbors

mfbreakout 

long 50.98. I am in 40 ticks mode. Scaling some and then holding some for bigger move. It's not fun when it takes 45 minutes of hold time to get paid but that's the way it is. Chart is from yesterday post.

Added to longs 51.15 and will add above 51.80 area if new buying comes in. Will keep scaling in between. I am in no mode like Tuesday where i had 40 ticks gains but i kept adding and ended up with 13k loss.

NOTE: Need to go above 51.80 by 40 ticks ( more the better) and then add to longs on pullbacks. Otherwise no add for me.

Where is e4willims when you want to help it out? (I get it)

Stay nimble, what was short, now is long (vice versa, or as most say vice A versa.)

-Bill

It will NOT front run the 50% by that many ticks. So is that a whole number 50 clams in play?

-Bill



EDIT

Folks,

0600amET sold off hard.

If you are in New York do you want to sell the lows or buy the lows?

Create new lows in order to buy?

What would you do?

**And half of that move to low came off, go figure (more?)

I would like to show something

The lower yellow line (50%) shows a micro long pull which went to a macro short pull (see previous posts)

Is any of this random?

Is any of this illusory?

Is this not a bread and butter 50% retrace, pullback?

You decide

-Bill_M



EDIT 1038amET