Emini End of Day Review - Friday, October 17, 2025 - Brad Wolff

daily chart,

we formed a bull inside bar closing on

its high. But one of the biggest

problems that I think the bulls have

overall is last Friday's bare breakout.

Last Friday, it's a strong enough bar

that it's likely to influence the next

several really the next several days.

And because of that, I think the odds

are we're going to get some kind of

credible second leg

similar to this right here. It's a

little bit different, but we had a

strong bare breakout

after a fairly strong rally, big bare

bars.

And even here, this was likely to

influence the market for several bars.

The market went above the new high, but

you can see what's happening. We're

drifting back down. Not quite the same

context, but whenever you get a strong

breakout.

Let me go back to this chart here.

Whenever you get something strong

closing below the moving average after

the market's been fairly bullish for a

while, usually it leads to a trading

range. And if the market's going to

evolve into a trading range, that makes

me think the odds are we're probably

going to find sellers and get a second

leg down. So, we may rally for a couple

of legs, but right now, this bear bar

has enough influence that even if we go

above its high, I think there's still

probably sellers above it.

The way I think about it is this.

The odds are even if we go above,

there's probably sellers somewhere

between 6,800 and 7,000.

weekly weekly chart.

We had a surprise. The market went

outside down last week and now we have a

fairly weak high one buy. It's an inside

bar and it's really not a great buy

signal bar above and because of that

that increases the odds there's sellers

above the bar and we'll get a second leg

down.

the sellers. Even if we get above last

last week's high, as I mentioned,

there's still probably sellers above it,

five minute chart,

first bar of the day, we formed a bull

bar inside of an overall trading range.

Trading range you can think about as a

triangle. the market, the range is

contracting.

Most traders better off waiting for six

to 12 bars. If you buy above it, what do

you do? If you see bar two, some traders

will get out, but realistically, there's

probably buyers above below the one low.

For the bears, they have follow through

on three. They're hopeful that it's a

breakout below the triangle. However,

two legs down, sell off to the one low,

pull back two high, second leg down,

three low, probably buyers below two,

and a bounce.

strong enough consecutive barrel bars

two and three that the odds are there's

probably going to be

there's probably sellers above. And then

we got a surprise on four, followed

through on five. Consecutive bull bars

breaking out of several bars to the left

increases the odds that any of the bears

who sold below two, sold during three,

are trapped.

And because of that, they'll probably

look to exit on any bounce. Bulls, they

can buy. They can buy a pullback.

Consecutive bull bars four and five.

Probably going to get a second leg up.

Even if we test back to the three high,

the breakout point above three, six bear

bar closing on its low. Little bit of an

expanding triangle open. Three pushes up

69, 78, and six. But with consecutive

bull bars, four and five, probably

buyers somewhere below six. What do you

do with bar six? You know, it's probably

okay to exit longs, but realistically,

whatever sell if we get below six is

probably going to be limited. And then

seven, dogee bullbar, really not what

you want to see. Not a good entry bar

for the bears selling below six. To me,

four and five are more credible than bar

six. And that makes me think probably

buyers below.

And we'll probably get some sort of

second leg and second leg up after bar

four and five

eight. We tried to form a second entry

but an inside bar but a small bar. Not a

great sell below eight. Pull back after

bar six. Probably buyers below. You can

see some traders they ended up selling

below six disappointed seven and they

tried to get out break even at their

original entry back at the eight low.

Nine. Strong enough reversal bar, strong

enough surprise that I expect we're

probably going to go at least a little

bit higher.

And then 10, we have a bear bar closing

on its low. One of the problems with

nine is it's three legs up. Two, six,

and nine. Plus 9. It's a fairly large

bar. And with it being a large bar, I

say it's large. It's a fairly big bar,

but it's not significantly bigger than

the bars to the left.

So, breakout bar, yes, but it'd be it'd

be better for the bulls.

Had the bar been more of a surprise.

Bear bar closing on its low 10 with the

previous bear bar six. Bearish selling

below six, scaling in higher. Probably

going to make money and therefore

probably a good idea for bulls to get

out below the 10 low. I won by 11, but

not a great not a great buy above. Bulls

that bought below nine. Bulls that

bought the close of nine disappointed

with 10. Probably will use a bounce on

11 to get out. And you can see 12. Looks

like there's more sellers above the 11

high than buyers. Breakout pullback sell

on bar 12.

Is this the It's the same situation as

bar 8. We had a bare reversal bar six

bad high one by seven and now we have a

second entry sell bar eight one second.

So is this the same logic

with bar is bar 12 a second entry the

same thing as bar 8? Well it is but now

we have a second leg up in an overall

trading range environment. It was

reasonable to expect a second leg after

four and five. And because of that,

traders will see the rally and a

pullback and they'll expect some kind of

second leg. And they pretty much have it

with nine and 10.

Because of the previous selling

pressure, there's increased risk that we

may get a sell vacuum test of the nine

low and the six low. And that's what

happened with bar 13. 13. Enough of

surprise,

we may go lower and may test down to the

seven low. Consecutive bear bars 13 and

14. Probably sell the close and at least

a second leg, but consecutive air bars,

we may get a pullback first.

15 pullback after 13 and 14. You can see

some traders, they sold to close, they

sold more at the midpoint. Some getting

outbreak even and that's why we bounced

on 16. But now with 16, we have we

rallied, sold off, rallied again, and

pulled back. So it's an implied second

entry. And we still may get a more

credible second leg down after 13 and

14. Bear bar 17 closing a near. It's low

inside bar. Not great for the bears, but

context makes sense.

And because of that, this tight trading

range here, you basically call it a

triangle or it's a trading range on a

small smaller time frame that's

contracting. So it's basically a

triangle that increases the risk we get

a second leg. And that's what happened

with 18. 18 bare breakout closing on its

low. But now we have three pushes down

11, 14, and 18. That increases the risk

that we get some kind of pullback. We

had consecutive bear bars 13 and 14. And

we pulled back for three bars. Now we

have a bear breakout 18. That increases

the risk that we're going to get a

bounce. 19 bull bar closing on its high.

good for the bulls, but the channel down

is fairly tight. In 19 is an outside bar

and that's a trading range type of bar.

So, it actually lowers the probability

of 19 leading to a strong upside

breakout. 20

bear bar closing on its low

possible and a test of the third leg up

to the a test up to the 16 high, which

is a top of the third leg. We sold off,

pulled back on bar 12, sold off, and

then we pulled back to 16, top of the

third leg, and then we got a third leg

down.

And that increased the odds that there'd

be sellers in the upper third.

20 bear bar closing on its low and then

strong follow through 21. Probably

enough of a surprise and a possible

breakout below the wedge that there's

probably sellers on the first reversal

up. And you can see what happened with

21. 21 rallied and then pulled back. Not

not great. The first reversal up failed

for the bears and we'll probably go at

least a little bit lower. But you have

to think about the logic. If 21 was such

a strong reversal down

and it's undoing the reason I'm calling

it 21 is a 20 and 21 is a reversal. It's

reversing this price action here.

And 21 is not significantly bigger than

the bars to the left. If it was

significantly bigger, you can think

about it more as a breakout. But the

point is 21 is not enough to undo. It's

strong and it's likely to get a second

leg, but the follow through 22 is

disappointing and that increases the

odds. Bear sold who sold 21 scaling in

higher will probably be quick to get

out.

23 bear bar second leg down for after

21, but not strong. And that increases

the odds that we may just go sideways

here. And that's what we did. We

reversed up 24. Tried to sell off again

on 25. And then we got the second entry

26. For the bears, more clear wedge

bottom. 1 2 3. Always in bears. I'd get

out above the 26 high. Too much risk

that we test somewhere back up here.

Follow through 27. Consecutive bull

bars. Probably buy the close and at

least a second leg.

28. More follow through. Now we have a

micro gap. 26 high, 28 low. still buy

the close and buy the pullback. 28 29 a

dogee, but not enough of a reason for

traders to exit. Even if we get

pullbacks,

even if we pull back, there's probably

support back at the breakout points. 27

high and back at you can call them

breakout points, you can call them micro

gaps. We have a micro gap 27 high, 29

low here, probably support. We have a

micro gap, 26 high, 28 low, probably

support here. So there's probably

traders willing to buy these gaps,

betting on a bounce. Bears, they're

hopeful for a lower high, but that's

enough buying pressure that I think it's

really dangerous for traders to be

selling

30. another bull bar closing

closing below the midpoint and therefore

not a strong bar but I suspect it's

basically a pullback we have a breakout

we have a reversal 26 27 28 you can

think about it as a breakout and now

we're getting hesitation that's a pause

and that's contraction markets you think

about kind of there's something called I

think about as first principles of

market behavior and what that means is

you know first principle is just

something that you believe to be

fundamentally true and one thing that if

you just look at it makes sense for a

markets expand and they contract. You

have volatility expansion which is a

breakout and then volatility

contraction. Contraction is agreement

that we're at a fair price. Expansion is

market probing to find that next price

level. So we're contracting here 29 and

30. And because of that, the odds are

we're going to get some kind of second

leg. 31 bullbar. Good for the bulls.

Probably going at least a little bit

higher. 32 followthrough. Consecutive

bull bars. 3132 near resistance. The

close of bar 9. Probably going to get a

pullback. However, even if we do pull

back here, the odds are there's buyers

below. We have lots of breakout points

and therefore you may have traders

looking to buy a test of the previous

breakout point such as a 30 high bear

bar 33 but not enough to undo the bars

to the left and then outside down 34.

But because it's an outside bar, it

actually lowers the probability for the

bears. And then a bull bar 35. Looks

like I'm going to go sideways and get a

second leg up. 3637.

We tried to get follow-rough buying on

36 and then we broke to the upside and

reversed down 37 37 a second entry and a

decent bear bar closing on its low in

relation to the past several bars. And

because of that, because the bar is

relatively big compared to the past

eight bars, it's not small. That

actually increases the chances that this

might go a little bit lower. You know,

here's a reversal 24, but it's not all

that big relative to the past 6 to 8

bars. It's actually kind of small, and

that lowers the probability for the

bulls, especially after this bare

breakout here.

And that's why it had at least a small

second leg. We had a decent rally. We

broke the trend line, and then we tried

to go again higher. And now we're

getting a second entry sell. And I think

that's reasonable for always in bears,

always in bulls to get out below 37.

38 consecutive bear bars. 37 38 looks

like we're going to get at least a small

second leg. 38 is not a strong reversal.

It doesn't it's not a strong entry bar.

You know, 13 that's a strong entry bar.

38 is not all that strong and that

increases the odds that we may go

sideways and sideways to down rather

than straight down. 39, we tried to get

a second leg down. Then I made the

comment down here that there's probably

more traders buying below than selling.

40 outside up, good for the bulls. But

an outside bar, you know, it's a little

bit problematic for the bulls. It's not

outside bars or trading range bars, and

that increases the risk that we may end

up going more sideways rather than going

straight up, but it's a strong enough

bar that the odds are there's probably

buyers on a pullback.

Then we went we had an outside up bar

and we almost had an outside down bar.

Outside down 41 increases the odds we're

going to get a second leg down. But even

if we do get the second leg, one of the

problems is this rally is strong enough

that it's likely to get a second leg.

And this decent bull bar 40 is probably

going to get a second leg up. And unless

the bears are able to get a strong

downside breakout, if they start if the

bulls start to stabilize, we'll probably

find buyers and rally below bar 42. But

after a bar after bar 41, probably

likely to get at least a second leg

down. So probably sellers above 42. And

then we kept getting dois 43, 44, 45.

This is a warning that we're probably

not going much lower. Bear bar 46. Good

for the bears, but a possible parabolic

wedge. Sell off to the 42 low, rally,

sell off on 43 and 44, rally, and then

bare breakout 46. You can call it a bare

breakout below a bearish channel on a

one minute chart. And then we got the

reversal of 47. So it looks like we're

going to start to stabilize.

48 low short probably buyers below.

And then 49 bullbar closing on its high

increases the odds that we go sideways

and probably going to try and test up

here. reversal 50,

two legs up, 49 and 50. Decent reversal

bar. We may we may test a little bit

lower. And then we tried to get decent

follow through 51 consecutive barrel

bars. What about selling the close? What

about selling the close? You're selling

the bottom third of a trading range. And

because of that, there might be more

traders buying right here.

But enough of a surprise, we may have to

get at least a small second leg down.

51.

We already talked about that consecutive

bear bars. You may get a small second

leg down, but it's possible trap. And

then when you see 52 closing on its high

and obviously 53, lots of traders giving

up strong enough breakout probably by

the close, by the pullback, and we'll

probably get some kind of second leg.

54. Three consecutive bull bars. Not a

great close. Not a great bull bar. Not a

great

consecutive. One second.

Consecutive bull bars. 52 53. Not a

great reversal. 54. 54 is a bull bar and

therefore probably buyers below buyers

in the bottom third of the bar in a

second leg. And we got the second leg

up. 55 56. But now a micro channel.

Probably the first reversal down is

going to be minor. and we'll probably

find buyers. 57 dogee and then we got

another leg up. 58 and 59. But now we're

forming a parabolic wedge breakout 53

pause 54. Second leg up 56 pause 57.

Third leg up 58 59. Probably going to

pull back and go mostly sideways. But

even though it's a parabolic wedge 1 2

3, it's a breakout on a higher time

frame. And that increases the odds that

we're going to go that we'll get at

least that whatever reversal down we get

is probably going to be minor unless the

bears can get a strong reversal

60 weak high one buy probably sellers

above

and then you can see we triggered the

high one buy above 61 and we formed a

bear bar not a great bear bar 62 body

relatively small and it's not that much

bigger than the bars to the left so that

reduces the probability for the bears

getting a successful reversal.

64 63 followthrough for the bears.

Strong enough that we'll probably get at

least a small second leg down, but you

can see 64 undoing most of the follow

through bar after 63. And because of

that, bears who are selling and scaling

in. They'll probably be quick to get

out. Then we started to go sideways. 65

66. That's enough of a reason for bears

hoping for the reversal to exit. We're

now entering breakout mode. And it's

basically 50/50 probability that we

break to the upside. 50/50 we reverse

down. And because of the rally from the

52 low, the odds probably slightly favor

the bulls.

67 68 followth through buying looks like

we may go a little bit higher. And then

we got the bull breakout 69. Good for

the bulls. But now we have a wedge with

36,

59, and then 69.

strong enough three consecutive bear

bars that the bears would probably need

a decent reversal closing on its low to

undo the past three consecutive barrel

bars. Not a great bear bar 70. Probably

buyers below and at least a small second

leg up, second leg up after 69. And they

got that on 71. But now 71, we have a

second leg up after 69 here. And because

of that, there's less probability that

this breakout is going to go much

higher. So, we may end up pulling back

to the moving average, which I think is

more likely at this point.

72, decent bear bar, probably going at

least a little bit lower. 73 consecutive

bear bars, 7273.

You're not a great close 73, but enough

of a reversal down 72 and 73 that

there's probably sellers above the 73

high and the 72 breakout point. And then

you can see 74 below bar, but not a

great buy. You can call it a high one

buy if you want or a high two. We had a

inside bar here, went to a new high,

sold off, and then we have a bull bar.

You know, it's technically, you know, in

technical terminology, it's a high one

because we created a new high on 71 and

then sold off, but really not a great

buy above 73 or 74 probably sellers

above. Plus, 74 is an inside bar. 75, we

we failed to trigger the buy and looks

like we're going to get a second leg

down. 76. A second entry after 74, but a

micro channel from 71. Not a great buy

signal bar. Probably going to try and

break below 73. And we did on 77, but

we're getting a lot of dogeis. Makes me

think this is more of a bare leg in a

trading range. And we may bounce. And

you can see it's basically what we did

into the close. For stop orders, you can

for stop orders. You can buy above one.

Betting on a trading range open. Not

ideal. If you do, you probably get out

below two. Other traders, you might get

out below one, but you know, you're kind

of you're in the you're in a trading

range. And the odds are there's buyers

below one. Bears, they sell below three.

They probably get out as the market

reverses up on four. Bulls, they can buy

above four. What about buying above

seven or eight? I think that's pretty

tough to do. And you can see not great

buy signal bars have big bull bars with

tails makes it fairly difficult for

traders to buy on the stops. Another

first credible you know that and

reasonable sell was selling below 10.

Three legs up one two three or one two

three we have a bull channel and we have

a decent bull bar and a strong reversal

down with previous selling pressure. Bar

two bar six and then bar 10. Probably an

okay sell and probably sellers above the

high one.

bears if they're short, you know, where

do they get out? Some might get out

above 19. I don't think they have to.

It's an outside bar. Probably going to

go more sideways. And then I definitely

get out above 24. Certainly above 26.

Bulls, they can buy 26. And where do

they get out? Some might get out below

33. I don't think they have to. I would

definitely get out below 37. And then

the bears, they probably get out. This

is where it gets tricky. You know, it's

hard to stay short above a bar such as

this bar here, bar 40. And if you buy

it, you know, obviously you get stopped

out on 41 and that's just a warning

outside bars in a tight trading range.

Really not ideal. Bears, they can

probably sell 41 with the understanding

that it's probably a bare leg in a

trading range. When they start to get a

series of bare bars, they probably just

take a they exit for a small profit or

break even, probably above the 47 high.

And then bulls, you know, maybe they buy

above 49, but you're buying it's a

little bit tough. You buy that. What do

you do there? We probably get out cuz

it's two legs. Rally, pull back, second

leg, and then 50. Bears, if they sell, I

said bull, I said bears, I meant bulls

buy above 49, but they probably get out

below 50. Bears, if they sell, you know,

what do they do? They probably got to

get out. They probably get out above 52.

52.

Decent bull bar and a possible higher

low. We have a left shoulder, head,

right shoulder. So, it's a higher low.

Major trend reversal on a smaller time

frame. Decent bull bar 52. strong follow

through 53 always in long and then

bearish where do they get out where do

the bulls get out they probably get out

below 62 you know but then where do they

buy again you know it's tough some might

buy above 67 or 68 but that's buying in

a tight trading range you know really

not ideal and if you do buy here you

definitely get out below 72 and if

you're aggressive you know maybe you

sell the 72 close or 72 low and then you

probably just get out somewhere in here

certainly above 78 or 79 limit orders

I thought buyers below one

and probably sellers above the two high,

but tough to sell when you see

consecutive bull bars. I thought buyers

below six or buyers below five,

certainly buyers below the eight low. I

thought sellers above 11, probably

sellers above 14, sellers in the

midpoint of bar 11, anywhere in here.

And then I thought buyers below

the, you know, certainly below 23. I

think it's tough to I think it's tough

to buy below 22 because you don't know

how strong the second leg down will be.

But when you see 23, it's a fairly weak

second leg down. Probably buyers below

probably buyers below 25 and probably

sellers. When you see 37, sellers in the

upper third of the range. And then when

you see 38, reversal and follow through,

probably sellers in the upper third of

the range. But tough to sell when you

see a bar like 40 and then 41, strong

enough bar, probably sellers above. But

as you start to get, you know, a leg

down and another leg down and then you

see 46 and a reversal of 47, probably

buyers below the 48 low and even buyers

below bar 49, the bull bar closing on

its high. So buyers below 49 during 51

probably buyers below

56 for a bounce and then up here I

thought sellers above 61

and then probably sellers above 70 for

at least a pullback.

buy the close, sell the close, you know,

maybe buy the close five, but better to

buy a pullback. And then I thought

probably sell the close, you know,

certainly 14. Better to sell the

pullback. Then I thought the easiest buy

the buy the close, sell the close of the

day was the buys, buying 27, buying 28,

buying 29 after a strong reversal. We

have a double bottom and the second leg

is a wedge. That made sense. Buying 53

and 54. That probably made sense as

well.

Everything else, you know, is more of a

quick sell to close 21, sell the

pullback for a scalp. You know, more or

less quick trades. Let me take a look at

questions.

Any question? Do you consider bar 57 a

buy signal bar?

Is it reasonable to hold long after bar

56 close or is it better to take profits

first and after the close of the bar 57

and then buy again? Well, 57's a weak,

you know, think about it. 57 we had we

had a breakout 53 and then a pause 54.

So that pause is a pullback. Pullbacks

are either reversals, the reversal

attempts and therefore the reversal

attempt is either going to be successful

and reverse the market or it's going to

fail and lead to trend resumption. So 54

it's a reversal attempt but it's not

strong enough and therefore the market

resumed. 57 it's a reversal attempt but

it's not strong and therefore the market

resumed. So when traders see 57 I think

a lot of traders look at that bar and

they buy it betting that the market is

going to go higher.

We take a look at more questions.

question. I placed a stop entry above

bar 10.

Try to make the box bigger.

I placed a stop entry above bar 10 and

got trapped.

I'm not sure.

I think he mean you place a stop entry

by above bar 9 and you got trapped and

then another stop entry

short

at bar 21.

Let me just see what this person's

asking.

Okay. I'm not quite sure. You said you

you took a stop entry below 10 and you

got trapped and then you took another

stop entry on 21 and you got trapped.

I'm not sure if you mean, you know, you

got out during bar 11, but I thought 10

was strong enough for to expect at least

a second leg down and test of the nine

low and the six low. So, if I'm selling

below 10, you I'm certainly not going to

exit above a weak high one such as bar

11.

And then selling down here 21, it's a

strong enough breakout bar, but it's

late in a channel. And I thought 21 was

strong enough to get a second leg, but

because it's late in a channel, there's

a there's an increased risk that the leg

that the second leg is small and then it

ultimately fails, which it did.

So, I don't know if that's really

answering your question, but overall, if

you you're not you can't sell below 10

and just stay short forever and then you

see the reversal. You know, this is a

leg in a trading range and you got to be

willing to take profits. What are your

most common setups that you use for

entries? For me, you know, I really like

breakouts. You know, I'm always watching

for breakouts and reversals. You know,

they're they're basically the same

thing, but you I think about a breakout.

You know, breakout is just

an easy way to think of a breakout is

you have to have a close above the high

of the previous bar. And you know, you

want a follow-through bar and therefore

you need

you basically need a break. that the

breakout has to close above the high of

the previous bar and the low of the bar

needs to be above the high of the

previous bar. So bar 7, bar five is

breaking out above bar 4. The low of the

bar is above the previous bar high,

previous bar low, and the high of the

bar is above the previous bar. And I'm

also looking for reversals. To me, a

reversal is a change in direction. We

have a bull breakout nine, and then we

have a strong reversal bar closing on

its low. That's a change in direction.

What I'm always paying attention to is

reversals that get followthrough because

reversals that get followthrough,

especially immediate follow-through, it

usually gets some kind of second leg.

And we didn't have a ton today, but 37

38 reversal followthrough usually gets

second leg. You can also think of the

follow through as this. We have a

reversal bar, pause, and then follow

through. That usually gets a second leg.

But my my favorite thing to look for is

breakouts in second legs. So, you know,

certainly something like this. You can

call this a bull breakout. 27 and 28.

You can call 26 and 27 a reversal. We

have a sell-off and then the previous

bar 25 is a bear bar. And then this bar

is a bull bar. Therefore, it's reversing

the price action. This is a fairly

strong bar relative to the past 6,

seven, eight bars, closing on its high,

and it gets immediate follow-through.

That's one of my absolute favorite

trades. Just buy the close, use a wide

stop, and just add on as the market goes

higher. You can buy the close of 27. You

can buy the pullback and you can buy the

breakout point. You the odds are really

good that you're going to get some kind

of second leg. Even here, strong enough

reversal 21. You're still probably going

to get at least a second leg down.

11 13 and 14. Strong enough reversal.

You can call it reversal. You can call

it a breakout. Technically, I would

think of 13 and 14 as a breakout because

13 is not changing the bar direction in

terms of the previous bar. Bar 12 is a

barrel bar closing below its midpoint.

And therefore, the midpoint I think

about is it being I think the mid I say

the midpoint is bar direction. So, if we

go if we close below the midpoint, it's

a bear bar. If we close above the

midpoint, it's technically a bull bar.

I know that might sound confusing for

some, but you have to have a definition

to define a reversal. So to me, 13 is

technically a breakout. It's a bare

breakout, not a bare reversal.

And then it got follow through and

that's strong enough that we're going to

get a second leg down.

Same thing over here. We have a bull

reversal bar because 51 was a bear bar.

So we're getting a bull reversal bar and

it's getting a strong follow-through

bar. just buy the close or when you see

54, buy the close of 54, betting on a

second leg. That was that's what I

really like to look for. And the reason

I like that is because it's relatively

high probability

Okay. For a swing after bar after two

consecutive breakout bars, example 27.

So 20. So for a swing trade for example

26 27 I always thought there's lots of

resistance above so not likely to go for

2 R. How do you overcome this? Yeah.

Well I'm never you know my goal you know

very rare. It's very rare that I'm going

to be holding for 2 R. When I look at a

trade 26 27 here's kind of the way I

think about it. My general thought

process is this.

You want to really simplify it. You can

do it you can think about it like this.

Okay, here's the range.

This is the basic range of 26 and 27.

So, if I buy the close of 27 and I put a

stop below 26, you can probably hold for

one R and you'll make a profit. I think

about I think a lot more about actual

risk. And for me, you know, I'm not

going to get out below 26. If I buy the

close, if anything, I'm going to buy

more below 26. I need something strong

to push me out of the trade.

But anyways, if I'm buying 26, you know,

a lot of times I'm going to trade small

enough to where I can add on. I'll buy

more 20 on 28. If I buy the close of 27,

I'll buy more 28, buy more, you know, 29

or 30. And, you know, obviously I don't

want to have too large a position. And

then when I start to see strong bull

bars, 31 32 after consecutive buy

climaxes here and then here, I might

start to I'll probably start to reduce

the position and then I'll start to look

to buy a pullback.

But once I start to see the market going

sideways, then I'm going to be fairly

quick to get out. Let me see if I can

just find the day.

So, here's the example. You know, this

is much different. Strong breakout bar,

follow- through bar, and then we get

more follow-through bars. that. Yeah,

that's really what you want to see. When

I see something like this, I'm going to

be much more willing to hold the trade.

But you can see, look to the left.

There's nothing to the left over here.

Strong bull bars, but look to the left.

There's a lot of stuff to the left.

That's generally the way I think about

it.

Yeah. Someone said bar 40 was an outside

bar and then it triggered the buy and

then immediately started to sell off and

is there any way to better predict that

41 was going to go a little bit lower?

Yeah, you know 41 the reversal was

fairly strong and it was pretty fast and

because of that the odds were the market

was probably going to have to go

sideways. My overall thought with 40 and

41, I thought 41 was enough of a

surprise. It'd probably go a little bit

lower, but I thought that it was the

downside was ultimately limited. And

because of that, my thought process was

41's a good bar. But realistically,

unless 42 isn't is a strong bar as well,

the odds are, you know, something like

this, the odds are against the market

going a lot lower. And when I saw the

dogeis in overlap, I thought, sure,

we'll probably go a little bit lower,

but probably not that much lower.

So ultimately, I thought it was a leg in

a trading range. So where do we go next

week?

I think that overall there's probably

sellers above the high of this week. We

have a small, it's basically an inside

bar compared to last week. Let's go to

the weekly chart. It's easier to show

it. We have an inside bar and the

reality is there's probably sellers

above the bar and sellers in the upper

third of this week. So, we may try and

trigger the buy above the high one. But

if we do, I suspect probably sellers

above in a second leg down, but we'll

see. All right, thanks everyone for

listening. And you know, a good homework

assignment I think would be I think you

know, kind of thinking giving weekend

homework. It's kind of a fun thing to

do. You know, one thing to think about

is how do you define breakouts?

You know, I've talked a little bit about

breakouts here, and you know, it's

actually pretty easy. If you want to,

you know, how would you code a breakout

or think about a breakout, it's

relatively simple. A breakout is a close

above the the high of the previous bar

and the low, you know, it can't be an

outside bar. So, to have a breakout

closing above, an easy example

for 13 to be a breakout, it's got to

break below 12 and it's also got to form

a lower high. So you have a breakout

defined and I would just be I would

think about you know how many breakouts

get second legs and the more you can

categorize this the the

likelihood of a breakout getting a

second leg the the better off you're

going to do. So, I would spend a lot of

time this weekend thinking and just

asking yourself, how well do I

understand breakouts and second legs?

And if you do, I think it'll help you a

lot. You know, it's one of the things

just look at a chart, you know, how well

can you define what a breakout is? Can

you define the second leg? Can you

define the pullback? The more you do

that, the better off you're going to be

with your trading, and the more accurate

you can be with your trading. All right,

I'll talk more about that next time I'm

in the room. Hope everyone has a great

weekend and I'll talk to everybody soon.