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Not all the gaps filled, you need to have a good money management and back test it, Many traders only looking at the gap to be filled the same day... On ES , the gap less then 6 points have more tendency to fill ... There are a lot of articles about them on-line. I recommend you reading...

Ok, will we be playing with ES 780-830 range for a while ? The way this shit is going up, I would not say it cant go higher, but we have not seen a real correction yet. Honestly, The more I see this type of price actions the more I believe that this is just a game, Sky was falling 10 days ago...

ummmm.... ok look who is taking about losing money ??/... I though I have started a good forum.... I did shorted this morning and took my profit, That was all about it , going back to 750 + , I will short it again

How far this rally can go . Today we passed Nov low. I know that this is a strong rally, but how far we can go higher before a correction? I was looking at 60 min chart and I see any time during the last year we pass RSI 70, market had a nice correction, today Market closed on 60 min RSI 73 and...

Today's close was weird, I think long term players will come in between 650 - 700. Most of them will not target more than 800 though

And they are going lower, ha ha ha ...

Edit: you can make money shorting but your timing has to be very good. As I said b4, the vast majority of the downside in the last bear market happened in early October. The dow lost 20% in just one week. Stocky..,, Isn't that how some of us trade ? I am happy with risking 7 points to...

I was expecting to see some resistance on 915 -918 area on Friday which was a double top. I agree it was light volume, but very strong. I am short but I have a tight stop loss and will probably get out if it test 915 again. Big Picture : Testing the low may or may not happen, but I think if...

Don't do ES. Do Forex and crude. But My advise to you : Relax and enjoy your life, Day activity is enough. Happy Holiday..... :p

Support line is penetrated. Need to get back above the red line ( attached photo ) to survive. Otherwise we are heading to test the low. My special number is ES/740. If we break it successfully. it will slide down faster

You might be right, But that is not because they are counter trend traders. It is because of " 1- bad or big stop loss 2- Not having patient and discipline Hallucination in counter trending trades are the biggest enemy of the traders. I have seen many people who sit and watch the money...

Here are my words 1- Can we make higher high in up move or lower lows in down move. if we can then stay away from counter trend activities 2- is the support broken? ( see the attached photo ) 3- have an eye on 5 and 10 ATR, if we complete the 5 ATR before noon you can go against it...

I have finally come to the conclusion that I do trade better after 10:00 AM. I see a better chance of profit when I see the day’s trend, analyze and evaluate the strength of the trend and then decide if I want to go with it or against it. So I was just wondering if any of you guys had the same...

There is not such thing as %99 reliable indicator....

This is good example that stop order is a good thing, Moving your stop to break even is not a bad idea... at the end of the day you would not be hurt when a crazy move like this happens. To me it is nothing but Bulls trying to keep this market float. They will celebrate the FED cut...

That is true if Paulson does not open the door to Auto makers tomorrow.

I agree with this analysis. but by looking at feeling the 40 points gap today, I must admit that the market still has a bull taste. So if this bull wave take ES to 1050 area, even another leg down will max take it back to 730 low and not more.

getting close to daily upper resistance line. I would not be surprised if they start pulling it down from here. I should also say the the bull smell is getting stronger though.

This was also short covering as the contract is going to expire. Also remember, The bail out money should go some Where, Why not buying the market.. with some PPT juice