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Long 3 -3.5 Short 3, near 7500 is target scaled out 2 lots +5.5 waiting for pivot NOT to hold Bulls still buying intraday pivot here, but I am banking on yesterdays divergence on 30 min chart to take price near 7500 before any upside IF there is to be one of course. -3 on 3rd lot...

short 3 -0.5

3rd lot was covered +24.5

Target R2 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1557144>

scaled out 2 lots +10 3rd b/e Still in downtrend on longer term charts, 3 min chart about to form a possible triple divergence, watching 1 min chart now (already 2nd lower peak on 3 min) Short 3 scaled out 2 lots +6 we got 3rd lower peak, tiny one centerline cross now hopefully...

Short 3, off 5 minute chart, OK potential to set-up 2nd lower peak and could be double top on shorter term chart -3.5 Short 3 -0.5 short 3 -3.5 short 3 -2 Short 3

Great call AS!!! Off the pivot and up, no trades so far today.

That is what I would very much like to achieve eventually.

Osorico, you have not considered different support and resistance levels on short term charts and longer term ones, trading same 1 lot a person trading 240 has to allow wider stops, if he is to trade it as Buy1Sell2 does, which can be 20 points when on a 2 min chart daytrader's stop could be 1-2...

EqtTrdr, so?

Seconded, I can't daytrade 240 due to the above, too wide stops are required.

Buy1Sell2, you are right by saying that a daytrade/scalp benefit from longer term charts, nobody can dispute that. But what I have experienced is that for every short term chart there is a longer one that can determine the outcome of a trade based on the holding period. And because I...

I don't swing trade, so this is still just an opinion on weekly, I still say that EUR will be down, probably at the touch of 1.4 or thereabouts. What's happening now is typical p/a leading into a decline based on a divergence. If divergences were THAT easy to trade we'd all be rich, not to...

ImO correction based on weekly divergence has almost run its course, maybe another 20-30 points more, but I would not call this start of a bear market as next weekly support is around 1360 SPX and again ImO that is the level that would determine whether we continue south or start looking for...

So far it was in line with expectations, sold near pivot, profited from part of the range. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1554645>

Chris, ImO countertrend trading offers THE best RR, for quite a few reasons, but of course the main being the size of stops used, when countertrend trading a trader is trying to bottom fish, picking trades near LOD etc, so stop is really a lot smaller than trend trading, well, this is only in my...

excellent, have a good one!

3rd lot covered +40 Gross +70.5

almost 3rd lower peak present and divergence based retracement to mid range has been achieved Short 3 possible 4th failure swing (1 min) should get lower now I'll either get blown out or not, 5th failure now Scaled out 2 lots +7.5 ----> S1? or basing near pivot it does...