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If you entered this trade where the circle appears with just 1 contract how would you manage the trade once you're in it. Where would you put a stop order? Where would you finally exit and for what reason? Or would you get in and out multiple times based on the price action? I find...

Question on trigger bars for entry: I'll use a trendline trade as an example. Let's say a bar closes above a trendline for a long entry. This bar becomes the trigger bar. Now is the entry as soon as the trigger bar's high is surpassed, or does the magic tick have to be a close also...

Here's what I think is a dumb question. I was just reviewing today's chart click by click, and I did not even notice the very obvious dragon formation. When I zoomed out on the chart I couldn't miss it. I think I've been zoomed in too close on my charts, but if I zoom out to see patterns I...

Wow ! 140 contracts just traded on a 1 minute bar after hours. Is that normal? I don't watch after hours much. Who trades like that in the middle of the night with no liquidity present?

On this chart I attached where would you enter a short? If I was watching in real time I would probably have shorted where the middle of the W is taken out just after the trendline break. That would have sucked because it immediately shot back up 5 points. Obviously the best entry would...

That looks easy. Nice. You should sit with me and watch some of my trades throughout the day, then you can learn how hard it should be.

Yeah, maybe that is the trick. Either concentrate on holding trades for large gains or concentrate on taking pieces out of a trend. Right now I switch back & forth and it seems I usually pick wrong. Right now I'm only trading 1 contract because I suck. Looking at charts after hours I can see...

I don't get the "grab a few points" idea. How do I know when to grab a few points and when to try and hold on for a bigger gain? There are many times I'll have a gain to start with, but it just vanishes in what seems like a millisecond. When I do "grab a few points" the trade ends up...

In the past couple days I've lost on almost every trade. Today almost every trade was immediately a loser. It was amazing, but nothing I'm not used to. If I put a stop order in I can pretty much guarantee it will get hit. If I try to hold a trade and let the profits run it reverses so fast I...

Amateur Question: When should I stop trading the December contract and switch to the March contract? (Daytrading only) I see it expires on Friday the 21st, but I'm new to futures and not sure if I should switch over before that time. Thanks.

I see higher lows on possible "shorts with no signals", and lower highs on possible "longs with no signals".

I was just looking at a 15-day 60-minute chart. If I look at all of the data including after hours I can see a nice 3 pushes down pattern. If I look at "trading hours only" I don't see the pattern. My question is when studying a multi-day chart like this should I be using all of the...

Anek, Question on TRENDLINE BREAKS. If you are using a trendline break as a reason to exit a long trade, would you recommend exiting as soon as a bar closes below a trendline, or should you wait for the low of that bar to be taken out by the "magic tick"?

I don't use any broker right now. Will probably go with ThinkorSwim because they have futures in addition to stocks. They also have a pretty good looking software interface. I'm using there papermoney simulation right now to test their service. So far the software seems pretty nice. On the...

I hate to crash on your conspiracy party, but I used to work at Ameritrade and there is no house full of wolves. You open an account, stick your money in, place trades on the internet, pay a commision. Nothing too exciting going on there. They are based in Omaha, Nebraska and have some pretty...

I do not recommend Scottrade. I think Ameritrade blows them out of the water if you are looking into these types of brokers. I got worse fills with Scottrade, their technology did not compare with Ameritrade, and the customer service was worse. I will say though that with Ameritrade you...

ThinkorSwim has extremely high margin requirements compared to others I have seen, but I'm no expert: S&P(ES): $3,938 Nasdaq100(NQ): $3,250 Mini-Dow(YM): $3,125

From what I've read here I would have shorted that on that first red engulfing bar just outside the blue box you drew. The failure of such a beautiful formation had to trap quite a few longs. Would you agree with that trade, or am I wrong on that one?

Anek, Have you applied your method to daily stock charts? I was looking at a few and they really don't seem to move like an intraday futures chart. You don't really have the swings and the nice formations and the double tops, etc....(some do, but a lot more don't seem to) Do you...