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Stop @ B/E. Was hoping for a run towards the HOD ++, but may be content with 85 if I can get it.

Long 70. Stop @ 60.

The algos want 3400. LOL. At the very least we should close above 3375 today. The less common pattern would be that we roll over and print 3330 going into the Close. But I think that's unlikely.

3400 still in play here.

Barn burner! Apparently, the algos do read the journal and got the memo! :)

Done. Targeting 3400 on the day.

I'm sad to hear that, man, but trust me - day trading ES is not going to help you here. This is not meant to be cynical or mean, it's just simply the truth. I would consider other alternatives. Good luck!

Will go long on a pullback to 58/60 if price action confirms.

So true. I'm talking to a guy who's impatient with his results on his first year day trading index futures, but is actually mostly a small winner and have very small losses and low drawdown. I'm trying to tell him how well he's actually doing. lemarre, I'm sure you're starting to understand...

Still holding? I'm flat now. Gave up some open profits, but no harm done. May trade a pullback short, but mostly leaning long for today's session as of now.

Closing in on my stop now - once again. Adjusting it back to B/E. If stopped - I'll probably just stay on the sidelines until the RTH Open and will probably be looking for longs on a pullback. The last 36/38 Mondays opening gap up have closed green on the day with a large part of them being...

Stop @ B/E + 1 tick. A test of Friday's Low should be a good possibillity for today, i.e. 3300. If that does not hold - 3265 should be a good target by week end, although sooner than later, IMO. Good luck @wiesman02.

I don't feel I have a strong edge here, to be honest, but the R/R is still good, so I'm short again @ 65. The potential for a strong Monday and a Week Low today is still highly likely, but at the very least we should see a slight pullback from here. IMO.

Stop @ B/E now.

From what I was told in another thread - he basically makes up these probabilities and does not actually calculate them based on hard data. This is a huge weakness with these type of methods as you've already discovered. Not only does the interpretation vary between two traders, it will quite...

Short 66. Stop @ 80. Targeting 30 or more. Will re-evaluate if not stopped. It's quite possible that Monday will be a barn burner and put in the Week Low for a decent Up Week. But the R/R for a short looks good from here regardless.

Maybe. You can test out AMP or Ninjatrader Brokerage also. I use the latter and am based in Europe.

There's a great difference between averaging down to the point where you're utilizing full intraday margin ($ 500 per contract) and scaling in/out of a few contracts (or even holding 1 contract only with a wide stop), but still within a moderate risk % per trade.

Done. Not much of a retrace higher either, so this week was basically a consolidation after last week's huge reversal. If Monday is strong it's possible next week will be a decent up week. But in absence of that - I think we'll slide lower next week and even pick up momentum lower. 3250 or more.

It seems like your methodology is dependent on averaging down and eventually utilizing full day trading margins to recover from losses. Hardly a robust methodology, but one which sets you up for major losses.