Issue 1,737 – Copyright, 2024, by Wyckoff AM Trader
That distraction continued on to today. In fact, I did not get back home till 7:00 pm. It's odd. As a trader, folks watch you trade. They hear you talk about trading. They hear you talk about the trades you made. The profits and losses. And you know what? Unless you are a trader you do not get invested in the conversation.
I talked about the big size on the 55 lot. I trust you keyed in on that. Cause that was close to the low from yesterday. Sure, when I got home and I saw that. I was not happy. That's just part of life. That would have been the edge. I trust you were able to take it.
I would have gone long on that dip. The spill down sealed at 9:55 am. That was the entry. The AM HIGH comes in at 10:55 am late and strong. There is no MID AM turn. Next turn is lunch low about center time at 1:10 pm. Next is mid pm high at about 2:10 pm and the LAST HOUR LOW at 3:40 pm.
Over all it was a 100 point day. You could have gotten long at the lows and held with little to no pain all day.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3H with the spill down.
News: No news of note. All times EST.
Last night: After a strong close up. Price dips to the 40 handle and holds. Currently trading in a 20 handle range with supply checking the rise at 60 handle.
Edge: Look to see of the mid pm high can take out the AM HIGH, if so signals strength with a strong LAST HOUR HIGH
Globex: 26 handle trading range on 128K volume.
Cycle Bias: Favored to the bear.
Tone: VIX trading at 23.79
Shape of the day: Rope follows expansion. Need a surgons scaple to hold the highs.
Honing: Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
The clock is used to time your entries and exits. Position long at the lows, exit at the highs, get short at the highs, and buy-in at the lows. When the trend is in, WB's clock is your friend!
Your edge is a series of trades, not just one trade or one day.
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