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Yes, and you're obviously it. Read my post carefully... I never said that you can or should try to do this consistently, or that you should trade for a single tick. What I said was that in an extreme example, even getting out a single tick higher is going to make you a decent profit on the DAX...

What you are missing is the same thing that a vast majority of traders on this site seem to also miss (amazingly), and that is without a shred of doubt the single most important factor that determines your potential to make profit on a trading instrument as a directional trader. Your chances...

Why you people even trade garbage like the ES is beyond me. The ratio of slippage costs to daily range is atrocious on this piece of crap. Try FDAX, CL, 6B, TF, or NQ... hell, most things are better than this piece of garbage. Unless you really need the huge liquidity (and most people don't)...

Well, there you have it... yet another room that doesn't seem to be of use. That's why it's better to just try to go out on your own.

If this doesn't convince people that this tax isn't going to happen, I don't know what will. If this thing ever had a shot, it would have been discussed at the summit, and it never even made it onto the table as a serious topic. That should tell you what the chances are of this thing ever being...

Correct. However, there will come a time in between the current period when paper money is considered to be worth something, and the final product where NO currency (including gold) is considered to be worth anything, where people will still value it. For example, if there is hyperinflation, for...

In order to overthrow the government, you first have to get mad at the government. Smart people in government know how to deflect blame to "those evil foreigners" who are responsible for all your pain - especially when the alternative is that you're going to hate THEM. Most stupid idiots would...

There isn't going to be a collapse as you describe it... not before they start a massive war first. Do you seriously believe that the United States would allow itself to be carved up by creditors? With the world's largest military machine? Great Wars follow Great Depressions, and this time will...

YOU can be successful. Everyone that ever succeeded in this game started out as a newbie, and everyone lost money at some point. The trick is what happens after that... are you willing to put in 5000 hours of work? If so, you have a shot at it... but there is no guarantee of success even if you...

That's exactly what it is. Except unlike a pyramid scheme, you can become one of the successful guys at any time, not just by joining early. Everyone has more or less the same chance. You can compare it to pro sports... lots of people play tennis on the weekend, very few people play tennis...

Trading is a negative sum game, in that brokers are constantly taking money out of the market, so the wins + losses always have the commissions subtracted from them. Having said that, there is more than enough left over to create consistent winners. 10% of traders consistently make money in...

There is nothing wrong with helping others, and I have posted some advice on this board in the past... however: Not many other professions involve directly taking money from your competition quite like trading does. Do you think a poker pro should go online and tell everyone exactly how he...

A narrow range bar at the top of an upmove with extremely high volume shows that the pros are selling into the move and capping it. It's a standard VSA signal. What you described is also another VSA signal, but there is more than one way to detect the end of a market move. In any case, what I...

I highly doubt it is the top. I think it is a top, much like the few we have had in the since March. We've already retraced 30 points from the peak yesterday... might have another few to go... but I wouldn't be calling this rally over yet, not by a long shot.

Not surprising... futures closed 3 points off the lows. Tomorrow could be a gap down... if it continues further down after that, it's a bad sign. For a reversal, look for a day where we trade high volume in a relatively narrow range, without any real price decrease.... that's where they will be...

Define "major". It has declined up to 45 ES points a few times in this rally from March. So that far, yes. Further, probably not. 45 ES points from our high is to around 1030 or so... so something around there would be possible. Doesn't mean it's going to get that far, though.

In general I would probably agree... the only question is how much of a pullback we will get first.

Right now with an hour left to go, it ain't looking too good consolidating near the lows. I doubt that there will be a huge upward push in the last hour... either a downward spike which would be very bearish, or else some more consolidation... as always, time will tell though. :) The last couple...

Well I don't know about you, but I did say last night that the way we dived after that fed announcement and weakened right into the close was bearish: http://www.elitetrader.com/vb/showthread.php?s=&postid=2584537#post2584537 Also, I previously mentioned that a short-term top wouldn't be...

Range charts build new bars when price moves out of a range, in this case, 3 ticks. You can do a search on Google. Range charts are the best types to use with MAs in my opinion, because each bar is fixed width, and they also don't suffer from periods of low volume... this makes MAs track...