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Also, I have to say that I really appreciate being flat by the Close as a day trader. I've swing traded in the past and some times quite successfully (mostly in stocks), but even if I was in a profitable position I would ALWAYS think about it and worry where the market was going. Doesn't matter...

Personally, I think the best swing trades start off as day trades where you're well in the money by the close and can tighten up your stop for a multi-day hold, but that's my arm-chair opinion as I'm not really a swing trader. I can understand the conflict. I've dabbled a bit with swing trades...

Was your candle from the actual SPX index? ES on Friday closed 16:00 at 4088.25. 12 points above the Open. I don't pay close attention to the differences between ES/SPX open/closing prices (and not forgetting the cash/futures premium), but there will often be some differences. Roughly, it...

No. Daily bars using the RTH session template similar to SPX.

Friday opened mid range and closed on top of the range. Here's the last prior occurrences. Personally, I wouldn't read too much into it for long term price action, but it does appear like it's a good set-up for a move higher the next day. Note however that a gap up the next day appears to be...

By that you mean actively managing the position or initial entry? If so, I'm not sure this is a set-it-and-forget-it environment with index futures at the moment as the market is largely range bound now. I'm not sure how swing traders typically approach their trading, but I'm sure many are...

Keep in mind there's a third alternative to trending up or down: range bound. And that's what the market's been for this entire month so far.

Who Thinks Swing Trading is Dangerous? Any kind of leveraged trading is potentially financially dangerous. What would the outcome have been if your trade was in the opposite direction with the same stop? Would that have been a winner or still a stop-out? I'd say this isn't the easiest...

Looks like another failure week for the Mickey Mouse algorithm. Consistently getting it wrong. Better to toss a coin, IMO... :) Very few can predict where the market is going. Trying to predict each day of the week in advance is just silly - especially in these conditions. Like I said a few...

I also took a few stabs at that triple bottom before I lucked out on my third attempt.

LOL. Before Mickey Mouse is allowed to make another post bashing TA/PA and other methods he should first demonstrate that he have the slightest idea what he's talking about. If not, it's mere noise. So far this week the Mickey Mouse Algorithmic Method is worse than a coin toss as it's been...

Looks like Mickey Mouse blocked me. It's fascinating how easily agitated people are here. Throwing a tantrum and blocking people as soon as someone comes with a dissenting view or challenges their established beliefs and arguments. If Mickey had anything interesting to say he could have...

I responded to what you put forth and which was clearly flawed, so if anyone derailed the topic it was you. Anyway, it's clear to everyone else here who is hurt and agitated and it's not me. Maybe you're the one who should run away and then the adults can have a civil discussion. By the way -...

First you talk about being rational and logical, but become emotional and agitated when someone answers to your post and argument. Instead of answering rationally and calm, your come with outbursts saying I'm FOS and butt hurt and call me names. I have the facts on my side, so if you want to...

Bidless market. Sure, there may be bounces, but this is a sweet trend down for now.

Stalling a bit here at the week low. Once (if) that breaks, I don't see why we won't see at least 4050 or even low 4000 today.

It's the same outcome if you put a high level poker player up against amateurs. Sure, the amateur may get the occasional win, but in the end the high level player will end up with all the chips. They're all playing the same game and with the same rules. He's just a more experienced and better...

Really? So, your algorithmic forecasting did work out well this week? Basically, you were expecting a down week on Monday, but then the market rallied. Then, after Tuesday's Close you were bullish and said that going short here (at the market high) was a bad idea. Then the market tanked. Of...

Curious - why the need to always bash other methods? The implication being that you have something superior, but to be honest, your algorithmic forecasting didn't work out that well on index futures this week at least. In fact, you were extremely bullish at the weekly high. I can use the exact...

We can easily see low 4000s tomorrow from here. I don't have strong confidence in that view, but I will certainly not hold any longs overnight or try to pick a bottom. Yesterday was a weak dip into mid-range and the week Open, but today was a relentless trend day down making new lows for the week.