[cowpip]

Texxas, you continue to astound me with your ability analyze the situation so quickly and to pull the trigger so confidently! Wow... bravo!

I too am confounded by the news reaction this time around. But I think the preamble you and Buk provided leading up to the news answers a lot. I would have thought the big boys would have pounced on that news and drove cable well above 9710 toward 9750. If the CPI news can't push it beyond that barrier, I can't imagine what news this week could.

Anyhow, I took a small portion off the table tonight, but not nearly as much as I should have had I been as cat-like as you were, Texxas. Wow... way to go, girl! I just about fell out of my chair when I saw how you handled that. No wonder Buk calls you the scalping Queen (the noun that popped into my head was significantly more omnipotent than "Queen," let me tell ya)!

[cowpip]

Thanks, Buk. That makes a whole lot of sense. It's sometimes hard to think that way when you see such a positive news print. The print itself sometimes obscures clear thinking. Yet another item learned tonight. It never ends, does it? This is significantly more complex than any chess game I ever played. Lol.

[Buk]

no problem Cary......well it pitched back to the pivot & looks like it'll now settle into the higher low range easing into the NY Open & ahead of the 8.30a.m Empire print........

they've closed out the shorts on the shunt of the main pivot, price is holding it's mid-line & appears to be absorbing the supply up at this mornings high zone......

long legged doji just printed on the 240m, with 30m doji printing above the pivot also.....no need to hold onto the shorts when those babies begin showing their hand....specially not on strong mid-frame behaviour!

[Buk]

Originally Posted by cowpip »

No wonder Buk calls you the scalping Queen (the noun that popped into my head was significantly more omnipotent than "Queen," let me tell ya)!

ohhhh, there are often the odd alternative descriptive bursts far too sensitive for general consumption Cary LOL.......

don't go heaping too many platitudes onto her desk, I'll have to re-arrange the door frames to incorporate her swelling head measurements.......

good that you booked some profits on your position - you never quite know where they'll sling price when it begins threatening prev highs, especially ahead of tricky data.........

I've been caught many times holding decent profit trailing positions only to see sharp kickbacks snatch them off the table........it's always a grudging acceptance that we need to leave a little on 'open risk' to test the intent........trouble is, judging just how much & how far back to allow them to lay!

these damned instruments can spin & sprint on a dime.....

[torero]

Interesting areas here. 9621 was critical breakdown but this channel makes it a conflict. I'm going to sit tight and see how the prices leads to give me an idea which pattern it wants to follow.

[cowpip]

Originally Posted by Buk »

ohhhh, there are often the odd alternative descriptive bursts far too sensitive for general consumption Cary LOL.......

don't go heaping too many platitudes onto her desk, I'll have to re-arrange the door frames to incorporate her swelling head measurements.......

LOL! I come from a family of 6 myself (3 sisters), and like you - I'm the only brother, so I can sympathize what that'd be like. For me, their head size doesn't swell - mine just automatically shrinks! lol...

Originally Posted by Buk »

trouble is, judging just how much & how far back to allow them to lay!

these damned instruments can spin & sprint on a dime.....

Isn't that the truth! They can clean out stops in a real hurry if you're caught with your pants down.

[torero]

Looks like EURJPY in ascending triangle breaking out the to the other side. Watching for rally to short here.

[torero]

Short here from the bear flag breakdown. Next support is 6542, a bit tricky but we'll see. I'm measuring the bear flag target if it breaks next support here.