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It really depends... To a newer trader buying as the market is testing lows and shorting as it's testing highs with a divergence is scary as hell. Once you get used to it it's not so bad... Entering a little later as things start to confirm has lower odds in your favor but feels much safer...

Self critique of order entry... My morning entry and exit were also a tick different than current short term support/resistance. Unacceptable! The second entry was proper... Exit wasn't. Need to keep my mouse on the ladder and away from the market order buttons...

Gawd... Having one of those Monday mornings... I'm a little out of sync. Screwed up my entries by around a point each time. If I was only paying attention and measuring my retracements properly I would have had at least one great trade. Retracement target technically on the first cycle was...

Everyone knows the market isn't random... It's a cycling repeating game. Everyone knows when were in a rally. The only question is who can time the best moment to jump off before the cliff is reached. Those left holding the bag lose. Those that jump off before the top and buy when the masses...

LoL... That sounds like a lot of traders having a heart attack on his every word. That's exactly why not to have a news feed up. Bet there was a lot of support/resistance pro's who raked it in big just fading the spikes.

Sorry for being a little confusing... However, I still mark all "known" intraday news events on the calendar as they tend to accelerate market action and increase market volatility/range. The actual news has zero value in predicting market direction. Technicals are dominant most all of the time.

Just going to post a chart of my trades for the entire day when I feel like it. Why? I like attention... But, who doesn't. I am not paranoid of people stealing anything from my system. I use technicals to confirm and judge situations, but for me to enter a trade both technicals, L2, and my gut...

Completely agree! :)

The title of the thread was a question. I am just stating my opinion and experiences afterward to show my current point of view. Do you agree/disagree? Do you trade the eminis and keep any news feeds up? A year ago I use to keep up a news feed and my heart would skip a beat every time a...

Unexpected country downgrade's, japanese tsunami's, and etc... They can trigger multi-day trends and changes in market behavior and are important to note. Countries and governments are usually intelligent enough to announce that kinda crap after futures close on Friday, during a long holiday...

I don't... I keep myself in a box and never pay attention to any news in the least. I just note where it is on my calendar and the time. News can catalyze big moves but the direction of those moves is determined by the technicals 90%+ of the time, not the news itself. The only news I care about...

The hardest part is how I must enter shorts within two ticks of range highs and longs within a couple ticks of range lows. I do my best trading after the morning news trending/whipshaw is over... I also need about an hour to get a "feel" for the market action most days. Once I start calling...

I have lots of custom indicators that I use... See attached! I only watch like two things at once so it's not overkill. Anyone looking at my charts is likely just going to get dizzy... I just get dizzy and confused when I look at other peoples charts! LoL!!! Lower indicators... 1. I call it...

Around 750k lost in options trading in late 2009 betting randomly against the market for fundamental reasons during the rally. Then a year later I learned about technical trading and was able to lose/some win some. A couple years of programming and testing later I am finally getting some...

I have been day-trading for a few years and have issues holding a position for more than 30 minutes. It doesn't matter if a position is going with me, flat, or against me. The stress just gets too high and I panic exit. I solved the mental strength problem by designing my own system and...

As an emini's trader I use the L2 in combination with charts to help nail down entries/exits. Without watching the level 2 my entries/exits are around 25% worse. The short term resistance/support areas are usually very visible on the L2. Watching for patterns on the L2 in the index futures...