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at 61.8% fibs, last support for today's uptrend ImPO

I don't think short move's finished, yet, 15m histo bearish, 1m shows failure

Today's trend dependent on TL support ImPO.

I see a bounce off 1, but longer charts are looking bearish to me

Why is this signed "surf"?

C'MON U BEARS!!! LOL Tom, I was right, don't listen to me :)

That's RTH right? Although it does look perfect by my standards, I would be skeptical about it, because daily charts are bearish. But here is the cherry, if you know what an average range expansion is achievable via these signals, then providing your risk/reward is set at say 1/4 you can afford...

What I can't understand is how do you consider their requests as racism? :confused: It seems that you are twisting things around, no foul language has been used in their request to provide information, it seems to me that you simply don't want to answer the questions because they insult you...

Chan are you up for another beer contest? :) For tomorrow: ES - lower close CL - higher close YG - higher close

When a person is cocky he is always humbled down whenever something like this happens (he might not show it, nevertheless deep inside one can't deny a feeling of shame), if that person doesn't learn to respect the market then he will probably never make it. I think Increase has been humbled down...

Reading his posts I understand that he is an inexperienced trader, it's just obvious. I am no veteran either, but I am on a different level to him. I just hope that he learns something from this.

WTG Fearless! <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1955915>

I think you're rushing things a bit, this is one of the main rules when selling tops - never sell into potential strength, wait for a proper shorting opportunity or join the move once it's started.

I remember when I lost my account a while back on day like today averaging down a massively overleveraged long position. That day was imprinted in my memory for hopefully quite a few years. <img src=http://www.thevarsity.ca/images/varsity/2007/298/display_20071025pp07-08-3.jpg>

Another possible failure swing here, if it doesn't work then at least stop is smaller than potential reward, may not work as 5 is signalling a TL break Reward already > than risk on that set-up, ImPO it only needed no more than 1 point stop.

Same as on 1 (almost) previously, failed upswing + lower histogram very close to centreline & when market is going down = best to reconsider a long position, when markets are declining there is a lot of emotion present, so when I see something like that I expect Long's stops to be sliced...

That's good, I didn't expect you not to have a plan, but still, especially considering your stop distances from entries, ImPO I would only trade those charts when they have a chance of making it over to the daily chart as daily signal's expansion range would give you so much more scope. When you...

Tom, same on 2 now, ImPO it's about to tank

No problem, what I would have done I couldn't say, I am a discretionary trader after all & a piker :) Whether it would or wouldn't have reversed by breaking 1347.50 is not as relevant as it's failure to do so, especially so if you consider histogram going lower & lower & lower upon that...

@1.45 Eastern price failed to break 1347 (ES M8) whilst histogram has put in 2 obvious lower peaks (on 1m) & a tiny 3rd, that tiny 3rd was an indication of considering NOT to go long as you would be going against a highly probable further decline, which followed. When I closed my short based...