For RETL looks like it was a washout oversold reversal trigger

the rest of the open FANG stocks closed out, nice profits though

Also MARA went long, and this is a good example of the system going long just a couple bars off the lows, you also had a Demark 13

https://breakpointtrades.com/sts_table/?search=BPT_basket 

https://breakpointtrades.com/ts/view_chart.php?s=MARA&g=BPT_basket 

ALJ went long similar scenario 

https://breakpointtrades.com/ts/view_chart.php?s=AJG&g=SP_500 

TNA - Chart LinkTNA has a nice wedge setting up with MACD divergence on the 60 min time frame

yep so far it's back in, big black candle, unless price dumps here the last 8 min it's likely to close inside

man I just looked, the next TICK pivot below isn't until 4922, from Jan 29th, price is in the middle of TICK level from 4984 - 4922

hopefully price rebounds next week and we don't have to go down to that next level below

yes gonna be additional entries - pucker trades/systems I call them, that's the problem with mean reversion systems, they have high winning percentages, but when they scale into a strong pullback/correction and take heat, it's emotionally difficult at times to follow them. 

as I've always said  - mean reversion systems are NOT feel good systems, they buy when it feels horrible, and when they are earlier it feels more horrible LOL, it is what it is.

the KISS is easier honestly because you have your stop and risk defined

systems additional entries, three ES sub systems taking 2nd or 3rd entries, only one SPY system taking an additional entry

MES futures  mean reversion systems
 CCI divergence 2nd entry,  Trend/Pullback 3rd entry, QE BTS 3rd entry

SPY mean reversion systems
Trend/Pullback 2nd entry

again if you need to limit risk or if you get emotional, you can limit the number of trades you do, you don't have to follow every sub system trade, you can set a maximum, if systems take trades on the same day you can always elect to treat that as one entry for example. For simplicity I just report what all the subs systems are doing and post their trades from entry to exit. 

As far as options-  yeah  you can't complain too much if an option gets cut in half, they are much more volatile than the ETF's, if a SPY entry is down 7%, an option might be down 50%. Also back when I put out option trades I went out 2 months, and they were almost at the money, those do not degrade as much as if you pick an option that is out of the money and is far from the strike price 

TSLA - Chart Link- next big support is blow in the 110 - 120 area

FNGD - Chart Link- nice move on these, that FNGD was just textbook base

NVDD - Chart Link-

AAPL - Chart Link I'm taking off, see you guys in about 4 hrs

RSG - Chart Link-

FNGD - Chart Link- remember this was basing

TSLA - Chart Link-

TSLA - Chart Link-

XBI - Chart Link- could be low risk long with stop below 200 MA, LABU is the leveraged ETF

Unfortunately I will be gone until early afternoon. I will be leaving at 10 am EST, unfortunately I have to go to an appointment with my wife that is 1.5 hrs away. At least it's OPEX and futures moved back, I was worried about trying to monitor all that while in the car LOL

I was long MES yesterday and saw the futures down 80, was monitoring it. I ended up making some well timed buys that help me be up quite a bit today

I also shorted GC gold futures, there was a lower high at 2428 where I placed a stop, wasn't hit so that's up nicely too

here's the chars where I took trades. got lucky too

I need to post my stats sometime again on that - as you know for man years every year I made a video on that, I have a spreadsheet with all the data, and also added my own touch to it

yes proper wedge patterns have 5 waves, whether they are falling wedges or rising wedges, abcde. Also, an important note, a completed or near completed wedge will always have MACD divergence, if you draw a wedge that looks okay but there is no MACD divergence, then changes are the wedge is not complete and it's still some sort of 3 wave

DRI, not the greatest wedge, but sort of has that look and yes you can count 5 waves with MACD divergence at those highs, that high would be wave e if it's a wedge

the IWM chart is simply textbook they don't often look that picture perfect 

good job on your conviction! and yes none of us want anything bad to happen just because it happens to help our investment

FYI your chart is basically the same as as my gold monthly that I've shown for over a year now, I labeled that low in late 2022 as a wave 4  of C

https://stockcharts.com/h-sc/ui?s=$GOLD&p=M&st=2006-06-01&id=p22877566163&a=1170085288&listNum=61 

racerick - that news created a lot of uncertainty so it's understandable, the markets do not like uncertainty, the first reaction is to sell

you know what blows - I run a 30 min KISS system on CL crude oil futures, it was long and so was I, the trade was down and I decided to close it out earlier against the system - of course shortly after closing out BAM this happens and crude oil pops $3, I would have been up huge had I just left it alone LOL

well like Steve said, don't beat myself up, this was unexpected news and news trumps things. Israel said they were going to hold off for a while LOL, yeah a day