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I trade NQ future. 10:00 and 12:05 have been high of day and low of day pivots thus far. I'd say that my attention has been caught, Walther. I have always pondered the 'time' aspect of tech analysis. Hmmmm, 14:35 ought to be interesting ?

Great info SteveIB. Thanks.

here's the 1m

OK, HERE ARE A COUPLE. 5M AND 1M CHART OF NQ FROM 5-12.

cvds Which market, product do you refer to ?

I trade the estx, bund and cac40 futures currently. What currency future would one recommend that I look at trading in the same hours as these index futures, that has liquidity and trends well ? Also, what exchange do they trade at ? Thanks.

I would like to trade a currency future that is liquid, trends, and trades between the hours of 3am - 8am East Coast USA time. I see a lot of post re: 24 hour trading through CME/Globex for currency futures but I would have to think that the trading is just like the ES between 4pm and 8am, quite...

lindq Great post. Your post does hit home. From your post I now realize that what I thought that I was totally sure of with my system, I actually am not. I will do relentless hours of backtesting now.

Well written , Kmar.....

Oh, and great chart postings. Pictures do tell a thousand words !

Thanks for the replies so far to everyone. Good point about what type of reversals. I personally look for major type reversal patterns like 2b/2t, head shoulder, etc. But, again great point about the 1 - 3 bar candle type reversals. Hmmm, maybe I'll study those further.

Great posts. Keep 'em coming. I think I've learned/realized something already. QUESTION: After entering a trade, how common is it that the trade may go beneath your entry before hitting goals ?

Mav, Thanks for the reply. My stop for the "breakout" was under 1135, the pivot low of the small base/flag, with break above 1138, a 1m pivot high. Target was an equal move from the bottom of the base/flag similair to the prior move from morning lows to the top of this base/flag. Did I word...

Freealways. Thank you for your eager assistance. Please understand, the patterns I choose work. I'll repeat: in reviewing my past trades, they have all gone on to be successful. I just get out early and do not let them run. I am posting this for PSYCHOLOGY type replies not TRADING METHODOLGY...

This could be a good thread if it's kept simple: just charts !!

How many 5m reversal or flag patterns occur daily in the NQ/ES ?

" 2. you are making foolish decisions because you haven't gathered sufficient statistics for your trading method to have confidence in what is likely to happen You DO have a methodology (a system) don't you ? " freealways Yes, I have a methodology. I use 5m reversal an flag...

I too have been trading for , well, about 4 months. However, I have lost a great portion of my capital. I do not believe in stopping trading to take time to analyze or papertrade until the trades are going well because they are just not the same in any way, as real trading. Everything that I...

I am a fairly new futures daytrader. I am almost out of capital. The problem is probably not new, but, I am hoping that at least one reply to this may click in my neurons: I take profits quickly and therefore my losers are bigger than the winners. I play reversal patterns and flags intraday on...

I am a fairly new futures daytrader. I am almost out of capital. The problem is probably not new, but, I am hoping that at least one reply to this may click in my neurons: I take profits quickly and my losers are bigger than the winners. I play reversal patterns and flags intraday on 5m...