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What makes you think gold-backed tokens are any more reliable than USD-backed (or pegged, or whatever) tokens? As for now, all of these tokens are susceptible to manipulation.

Consider yourself lucky. Sometimes it NEVER comes back and your small loss turns into an uncontrollable avalanche. What traders don't realize is the danger of demoralization. While small losses don't cripple your spirit, a big loss will demoralize you, which in turn will have adverse effect on...

Didn't he say from the open to 10:20? You're only measuring the first 10 minutes. Anyway, in order for his MM to work, we would need to retrace back down to 3860 (then rally 40 points up to 3900). But then again, you have that long chop. I'm of the opinion that extended chop like today...

Guy's a pure genius. He just knew these "weirdos" couldn't help themselves but derail the thread. :D

But you forget we've been chopping for the last 4 hours. Can you apply measured move after such a long chop? I wouldn't.

Well, the best setup for a beginner trader is you need to get your head out of your ass. These noobs get married to their positions without a proper stop, so they end up losing big. Been there and done that myself. If you're an intermediate trader, you might want to put your head back into your...

I did tell ya we will chop for the rest of the session. :p

Well, maybe tomorrow. It ain't gonna happen in the next 30 minutes. Care to elaborate?

We're just gonna chop for the rest of the session. We've already put in the HOD and I don't expect a selloff either.

You don't seem to get it. You don't need to make a long-term prediction. All that you need is to accurately forecast the NEXT bar or candle. Not 10, 20 or 30 bars in the future. No, just 1 bar is enough. Do that every time and you will become uber-rich. Get it?

It's a toss-up. ES is trading at an important junction IMO and I'm not leaning one way or the other. We could completely break down and go south or reverse back up. If we break down, I see 3750 (or lower). If we reverse, I see 3870. "Wait and see" is my modus operandi for the time being. Good luck.

I'm willing to bet there is one out there already. We just don't know about it.

Not sure if you know this already, but you can sign into IB via Tradingview.

How about on both sides?

Noobs usually set up traps for themselves. :) Going back to the OPs assertion, 3 strikeouts usually apply to TA as well. Anything more than 3 touches should be seen with suspicion.

I dunno. I've learned over the years that when everyone is expecting Rome to burn, that's when the bulls usually come home to roost. Volumes are also too damn light. So I wouldn't put much faith in the recent flush. If I have to choose, I would go with numero 2. Watching out for traps than...

Oh, so that's what he meant... Granted, you pretty much need an algo to run a quant. Not sure if that's what was on OP's mind when he wrote up this thread.

I need numbers. What's the upside target?

I dunno. I don't even know their strategy. All I look at is their bottom line and they're wildly successful at trading. But, not surprisingly, they all have losing days. In fact, quite a lot. But those losing days are small in relation to winning days. Making 2% ($1000 profit from $50k account)...