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I pull a limit trade if it goes to my break even point at 8 ticks (ES).

zzzzzzzzzzzz

Those were places where support of the 90 WMA held, they were not signals in themselves although a subsequent one at 12:06 triggered one on the lower time frame. I placed the arrows to show the support.

I'm pretty certain there are aliens on Elite Trader :D

I posted a chart

Supported at the 90 WMA again on the test.

I don't pay attention to news. The only nod I give to it is I will not hold a position into a FED announcement. As a day trader, I can't be figuring out the meaning of life every time I consider a trade. I have a valid technical signal or I don't.

"every time" is not a concept for a trader. The point of the post is that the 90WMA often provides support in a trend so it is a place to watch. We build trade plans on tendencies not absolutes.

Yes Virginia, there is a 90 WMA

I heard it was aliens.

:D

“I would not care to belong to a club who would have someone like me as a member”. Groucho

No but you have the time to post nonsense all day on your mindless threads.

Posting setups is unlikely to sway the dopes but it may have a positive effect on the noobs demoralized by the dopes....that's the hope anyway.

If you are referring to day trading, optimally you want to be calm, focused, non-judgmental and in the moment. Non-judgmental means not having a bias but you follow a well tested trade plan with clearly defined signals and rules....signals which you take and rules which you follow. A regular...

:D

Yeah, I know o_O It can be like teaching a mule how to dance. But ya never know when something might kick some synapses loose.

When the consolidation days have 30 point range, I'm a happy boy :cool: