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Austin, thanks for the link you posted yesterday (which was deleted). I'm testing the strat in sim this morning and up 5.25 pts in less than an hour of trading.

Schiz drew a nice trend line there to explain the gap, but once you add these additional lines based on the price action you can see that there is really no clear direction to the market at this point.

What determines the gap on the open at a particular price. Why did it open at 1125.25 instead of 1108.00 or 1115.00 or 1130 or 1090 for that matter?

"Irrational" is Mr/s. Market's first name. Looking at the bigger picture: the rally from March 2009 lows. Buying volume was huge from March lows through early May, and buying volume outpaced selling volume all the way. This was the easy money off a massively oversold market. Overall volume...

That's why they call it technical "anal"ysis :D And on that note, I'm gonna go out and play now before my eyes turn permanently red and green!

There were actually so many that I threw 6 out there because some seemed too shallow to count :D

I posted my trade blotter on ES Journal and a few posts further down on the page, my rationale for the trades: http://www.elitetrader.com/vb/showthread.php?s=&threadid=64965&perpage=10&pagenumber=8379 Because of the narrow ranges and low volatility over the past weeks I've been often trading...

May 5, we're still very much in a "buy the dip" mentality and we're experiencing a normal post-earnings pullback in a relentless uptrend. That night ES sold off from 3am thru 4am to test the previous support level (1168) and found buyers 6 ticks lower, enough to drive price back to the 1174.50...

Weisman, thanks for starting this thread. I use 24-hour charts and I've been trying to decipher relationships between pre-market action and action off the open, but haven't been trying too hard. This thread will get me going. I am planning to start trading more in pre-market. I especially like...

That's where I was for quite some time. I was practicing a lot of stuff in sim, mainly ES and CL. In my live account I was either not trading much at all or taking small profits on small size. I kept seeing these momo stocks making 3, 4, 5 pt moves and more each day and I found some that I...

Thanks everyone for the input. At this point, I'm staying on the sidelines because of the uncertainty overseas. The whole market has the same feel it had in spring of 2008 when I first became a market participant. There was a strong bull run off panic lows (1/22/08) and then there was the scary...

LMAO! I often say "WTF, mate!" ever since I saw this years ago and found it hilarious. http://www.endofworld.net/ I've spoken to several ET-ers live on the phone and they can confirm that I'm either a woman or a transexual.

His prop program is $10K. His webinar promotes that program heavily, but after you get past the promo, the trading info is excellent, IMHO.

Seriously, who cares who is a fake or not if they provide valuable information about trading? Do I care whether or not Jack Hershey flunked a paper trading contest, made bad calls, has tax liens or lives in a gutter downtown and dumpster dives for a living? No, I only care about his technical...

I got so much out of Velez' free webinars when I started out and from his books, and also from Pristine's free newsletters and webinars, and Greg Capra's live trading on-line that I always recommend them to anyone wanting valuable day trading info.

I only post real time trades in CL Redux because I want to trade smart like the guys on that thread and I thought posting in real time with stops and possible targets would keep me disciplined. I don't post many real time trades any more, especially if I'm trading both stocks and futures. I...

Thanks OS. Not long ago breaking $1000 day seemed so remote with the small size I was trading. I had a choice, either size up or learn to let winners run. I like limited risk, so I've been working really hard on letting my winners run. I spent so much time focused on how to lose properly I had...

Looks like my P/L when I first started trading with IB a year ago. Let's see, hit buy instead of sell, sell instead of buy, right-click instead of left-click, left-click in stead of right-click, change qty field and forget to change it back before closing a position, position I didn't know I had...

ES Journal had some "Hall of Fame" posts just before and during the crash. They all seemed benign at the time, but in retrospect, great stuff: (Little did I know at the time that taking profits at that level would've left nearly 90+ additional pts on the table.)...