Search results

MFT = multiple time frames? If so - of course I do. The curious thing is that I'd say my analysis for today was fairly accurate - yet I traded it poorly because of the reasons I mentioned in the post you quoted. By market Open - I knew with high probability that Monday would be a range bound...

Got it. So, by neutral you simply use black bars for both up/down bars on a white chart for example? Feel free to post your pc charts if you want to. I would agree that $500 is nothing. Which goes both ways - unless your profits far outweigh your losses. So, $6000 gross would be 1200 MES...

One curious thing I've noticed in my own trading is how my mind (selectively) filters information. I can consciously know that the odds of a move UP is lower than the odds of a move down. And while the market is feeding me new information which seems to increase the odds of a move down - my mind...

Looks red and green to me, i.e., not neutral? Not being argumentative, but genuinely curious as I've been putting some thought myself into actual coloring of my charts. I do use candles, but want to differentiate between up and down while at the same time not 'too dark' colors on the down bars...

Fair point. If trading only one side - the long side it is.

I think he's among those who never continues to 'believe'. I do at times wish I was one of those. I'd be curious about position size, too. I know I couldn't have held through a 200 point drawdown with my position size.

Added some. Risking 2,5 points targeting 4210 into the Close. EDIT: Stop B/E now.

NQ doesn't look pretty at the moment, but should be a good bounce zone for ES here.

Filled. And stopped @ 92 for a loss. Trying long again @ 93 with a stop @ 89.

Bottom fishing in this area for a long with a trailing buy stop currently at 97.50 - wrong below 92.

Range bound session - as to be expected after last week's two successive monster days up to close the week. I was thinking we'd put in the LOD on that leg down earlier and still think there's a chance we may have done so. Seems to be about 50/50 chance we'll make new highs/lows from here.

Meaning?

Next hurdle above - 28,50. It could initiate a retrace, but I would expect 4233 + now.

The 'danger' below isn't over yet, but it's looking better any minute now. Need to clear and trade above 4223/25, IMO. :) That should unlock 4233.

I figure it's now or never, so tightening a stop here at least makes a lot of sense to me. We'll either see a strong rally out of this base or not. The rest of the indices are fairly strong and I'm anticipating a test of Friday's High on ES. I suspect NQ will drag along.

You've been given a third chance here. Don't waste it. :) Lock in 13550/13600 here. Triple bottom with a fast reversal coming OR a drop.

Target would be 4233/35. Should be a range bound session - unless we break below 4210. IMO. :) Breaking below 4210 - I would assume 4195 or so. I suppose it's all contigent on what happens with NQ here, i.e., triple bottom or a new slide.

Buy limit @ 4212. Stop @ 08. Should be a good bounce if not the LOD.

But you didn't - because you didn't think the market would rally this far. And that's why you didn't take profits, either. I adviced you to get out on Wednesday because I anticipated a huge rally of the lows. As far as I'm concerned, your trade was actually banked, but you messed up by not...

We're up 1,2 % on the week. 0,8 % on the day. Definitely more upside potential and it's a trend day so far. I'm flat and sad that I exited too early, but done for the day/week. Seems risky to short and risky to go long.