Anek visited, thanks for SpacterX, here's the chatlog.

[20:33] Hi
[20:33] Ive been postponing my vacation for a while since the VIX has been so nice
[20:33] and since tomorrow is OEX i decided to take it tomororw, least break from trading
[20:33] http://i39.tinypic.com/10wr321.png
[20:34] those were my trades today, coveres were 86 and 75
[20:34] short started from 918 yday
[20:34] all were live calls in the room in case you are one of those hmmm skeptical ones
[20:34] just wanted to drop by and post it here
[20:34] since I'll be taking a sabatical
[20:34] figure it can help

[20:35] Ya gonna spend a few weeks with the kids
[20:35] Market kind of slows down during this time due to holidays
[20:35] but with this financial turnmoil and chaos you really never know
[20:36] for what is worth 981, 885 and 875 were taken from the anchor 100k
[20:36] 981, sorry should read 918

[20:41] [14:24] <@Anek> T1 hit +31 +19.25 on the add
[20:41] [15:24] <@Anek> Target 2 Hit +43 and +31 on add
[20:41] prob 1 min late
[20:42] ES
[20:42] Dont worry, i took 6 shorts trying to nail that trade this week
[20:42] Until I finally caught it
[20:42] so you were holding from like 917?
[20:43] 918
[20:43] then the adds from intraday today
[20:43] if you want to see why 918 885 and 875 were pivots, try the 100k anchor ES
[20:43] they will stand out like sore thumb

[20:43] Well price has this habit of simply going from pivot to pivot
[20:44] And precisely at these pivots is where you should start to initiate the trades
[20:44] That way your entry is protected by support or resistance and if possible by price action
[20:44] I havent scalped in prob over 6 months
[20:45] Just sticking to the big winners

[20:48] Ya during the pivot you got different choices
[20:48] You can take it point blank, assuming its a super obvious pivot
[20:48] Wait for volume exhaustion, huge volume bar spiking in the 1 min, 30 sec, 5 sec, yoru choice
[20:48] Or you can be more conservative and just wait for a confirmed reversal formation
[20:49] Whether thats a DT, DB or just a simple flip of S to R or R to S
[20:49] Remember no matter how crazy the call looks you are always protected by your stop
[20:49] Now, if you are shorting a pivot, you dont want to cover 5 min later, you really want to kill it, after all, you are shorting an R pivot
[20:50] And vice versa for S pivots
[20:50] And remember that price way of travelling is from pivot to pivot
[20:50] it just does not like to stop in mid air
[20:50] Heavy supply and heavy demand always show up at mega critical areas
[20:51] Whether they end up holding or not, thats another story

[20:54] Ya I dont have a problem holding overnight
[20:54] I do have a problem holding over the weekend, nothing I can do
[20:55] I think the 918-920 area is key
[20:55] Until the market makes that area support market has no chance of a rally
[20:56] Support is not as clear
[20:56] There are multiple "layers"
[20:56] And an unfilled gap around the 803 area
[20:56] However, many believe in Xmas seasonality and are expecting an EOY rally but unless that 918-920 becomes support, its not going anywhere but down or sideways
[20:57] If you examine the big charts with detail you will notice this 920 also corresponds to the neckline of a big inverse head and shoulders
[20:57] and again, until the neckline becomes support, its not going to rally
[20:57] they could pierce it to 940
[20:58] if that happens watch the retracement closely
[20:58] as you do want 920 to be a clear sign of support
[20:58] otherwise it could be a fake
[20:58] Thats about all I call tell you from ES right now
[20:59] ya it still does look like it wants to re-try
[20:59] but better to react instead of predict, always
[21:00] Ya heard about it, good community effort, best think you can do is work as a team
[21:00] thing
[21:00] Anyway, wanted to stop by, drop the chart and wish you all happy holidays