Recent content by forexfox

Basically, to me, you are saying that you are a reversal swing day trader at key S/R levels who takes a second time through bounce off below support or resistance. IMHO, day swing trading boils down to correct identification of turning points and congestion breakouts as a reversal or...

lurker here... CF, what does S/W stand for? you and YH use it a lot. ty

Russian, live in Costa Rica, trade FX and SIF's.

I see a huge spike in volume (100k on two 3min bars each) in ES this morning at 9am EST. It doesn't look like a fat finger, price didn't move. Looks more like a controlled exchange of a lot of contracts. Does anybody else see it? I have IB with ensign charts. If it is real, any...

How often %wise you wrong on the first attempt? If percentage is high, doesn't it make sense to always wait for second time through?

ES dropped 7 handles at 1am tonight, European economic news were all right on the numbers. Any rumours/news that might have caused it?

... and if any new trader wonders how to trade the charts without using any indicators... ... it is discretionary and comes from experience ONLY - with mentor or without... ... but one can pick up bits and pieces on how to read the charts without indicators in Joe Ross books, TA book by...

Whatever method and time frame you use - you would the high probability entry trigger and losses have to be kept small. If you are a position trader and have to weather long big drawdowns - this will wear you down psychologically and financially.

I understand you don't want to divulge certain information, the finer points of any method need to be discovered by each individual by trial and error. Thank you for the reply.

I have just read through this thread and would like to thank jjrvat for doing this, my hat is off to you, thank you. However, I have a few questions/topics to discuss please and would love to hear jjrvat's and everyone's comments on it. 1. Short term scenario this trading method is more...

How do you use volume please?

Ok, I think I am beginning to understand. Tell me if I am wrong please - you establish the opening range and then put limit orders on either side waiting for it to breakout or wait for "confirmation" signal and then jump in? How do you calculate the opening range? How do you learn these...

Which indicator can help out filter the noise please?

Or try these threads: http://www.elitetrader.com/vb/showthread.php?s=&threadid=99283 http://www.elitetrader.com/vb/showthread.php?threadid=113456 Priceless knowledge you will not find in books... :cool:

Bighog, How do you determine exactly by the opening range where the market will most likely go for the day? Could you explain the technique in detail please? thank you