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5 to 10 ticks could be a reasonable target for the well prepared and funded (not margin minimum!!) noob, but 5-10 points!?....yeah right

Sometimes they are just part of a bag of promotional tricks. Larry Williams came up with his Williams% which is basically an inverse stochastic.

[Everything] ideal has a natural basis and everything natural an ideal development. George Santayana

Many if not most of us have gone through that stage. In fact, it's what washes most out of the profession but the ability to take the loss as pre-determined and patiently wait for the next signal is what separates the traders from the dreamers. Reminiscent of the Greek tale of Sisyphus who was...

He'll come back as SilverHawk and start the same riff.

:D

I trade equity index futures and only after the 8:30 CST open so things like most econ reports are already out and crop reports and such do not affect me, I do however avoid holding a position into a FED announcement.

:D

Well trendguy, I guess you see by now the perils of starting a chat.

ironchef, I am a day trader and my trades come exclusively from my charts. I don't pay attention to news, "calls" or anything that isn't my charts and strictly defined in my trade plan. If you were interested in day trading I would say, watch real time price development until your eyes bleed...

-eug, it's not for me or anyone else to determine where you find value. We each make our own path but it's important to view things in this space with a critical eye...not negative, critical.

The guy is not surf...surf was much smoother.

marketsurf was a longtime ET resident charlatan and our Mr Scalper was a confederate of "surf". As surf had a number of aliases, his confederates are often taken for him.

Needless to say, they need a price level to enter and exit but the premise is the signal comes exclusively from CCI patterns and not from price action. I remember about 16 years ago or so, I had some curiosity about the CCI and spent a little time in Woodies chat room. It appeared to me as he...

Everything on a chart is lagging, including price. People typically run into problems with derivatives because they use them as signals. Ken "Woodie" Wood and his followers are the extreme of this as they use the CCI exclusively in absence of price. Some of us use them to filter and support...

Yes, if I like the R/R of the trade. A trade can be counter trend to a higher tf as long as the corrective move has room.

I will take a setup off of any of the three charts, it depends on the price action and momentum dynamics across all three. The 4500 is not in play nearly as often as the others but when it is, it's wise to pay attention.

I find candles a little noisy and needless to say, they offer the same information as bars.

The red arrow down on the highest (and most powerful time frame) the 4500 is in a SELL zone so I am looking for a short entry in the 500 congestion. Either the lower high marked by the first red arrow or the divergent double test (second red arrow) on the 500t would be acceptable entries. The...

As you can see what appears as chop on the 500 is a consolidating buy zone-9ema above the 30wma on the 1500, so the two higher lows on the 500 could have been long entries based on the 1500 HOWEVER