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Best strategy for me is to spot a solid trend, this can be done many ways, via moving averages, channels, pa, whatever you feel the most comfortable with. Then let the counter-traders think, they got something going for them. So far, so good, but no signal yet. The moment you see something...

I think you misunderstood my question. When you hedge ES with calls, what relation of contract vs call do you use? Rest of your technique is yours to keep of course.

How many calls per ES contract?

A trader of many seasons once told me, if shorting did not work in the SP500, it wouldnt be at the # it is now but surpassing the 500,000 mark, yet, today, even around all time highs it is situated at an insignificant 1900. Food for thought.

Does it matter? :)

Ammo, Did you ever compare your results with only shorting when a downtrend channel is present ?

We remain strong, but it's important to be alert that anything is possible at any given time. In other words, 100% probability is impossible and we should never trade as such. However, in the meantime, trend is up, momentum is up, in basically all timeframes.

Very strong day in NQ.

Well, went to see Godzilla last night with my kids and went to bed much later than usual so this morning I decided to stay in bed like a vegetable, by the time I dragged by butt out of bed the prime hours were nearly gone and had not done my market homework so all I got to show is the close of...

Ammo, I studied a lot of TA in the past, price action, oscillators, volume, channels, market profile, etc. If it's typical and classic, I studied it, so I know a lot about many approaches. As far as positive expectancy, nothing really worked for me, I'm sure it works for others...

Ya I have some experience with MP, these levels tend to be potential S/R areas, you just never know, it's like a coin toss, same with lines, that's why I have a different approach to trading, too much uncertainty when using technical tools to predict S/R points. Thank you for explaining how...

Thank you for the clarification.

Maybe these market profiles areas act like your 35 yesterday and market blows through them. I see 3700s in the horizon, but we'll see what the market does over the long weekend. Half a trading day tomorrow as well.

We getting it but mostly in NQ.

You are right, I should have said, most successful traders.

Most traders dont think about tops and bottoms, we just want a piece of the pie.

NQ looks like it's ready to explode (to the upside) any day now.

Light trading, thunderstorms and lightning forcing me to turn systems off for the vast majoring of the opening session which is the time I trade the most.

The trend is your friend...

Back to trading after fixing my video card.