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Easiest way to clear the divergence is not to look at anything but the ES. ;)

With the ES, the 50 may get in the way of the full retrace. But yes, a chance to sell the 58-60's would be a gift, imho. But above 64 for too long, and I will start looking to go the other way. The 5 minute ATR has been higher than the daily ATR was for much of the Fall lol.

I agree. Most people who decide to give trading a whirl never do any testing other than a quick visual back test scroll on the last 20 minutes of 5 minute bars.

Out at 34.50 +7.5

short 42, 3 point stop, 9 point target EDIT stop is now 41.50 EDIT 2: Stop 36.75

Almost -3:1 on opening breadth. Pros are selling today, not buying. That could change, but for now, it is what it is. Guys like you and I ,b1s2, can't support the market lol

Looking for a bounce to sell into at 2645-46, and if bounce extends higher, I'll look to sell 2660 +/- EDIT looking 2643/44 now to sell if T&S supports. Otherwise aiming for 2660 +/-

G'morning ES traders. Nothing for me yet. Will have to see what T&S looks like if we get a pullback to 2670 or so.

His video course seems worthwhile. And $350 is a reasonable price for the effort he put into it and the quality of the final product. He really should go back to that first book and do a simple rewrite with an educated trader who has writing skills to act as editor/collaborator. As I said...

Holy smokes ... Are you Brooks? Give it up dude, the book sucks.

Yes, yes you are. Obviously I saw that chart. I myself quoted that passage. But you cannot look at that chart and read that passage and glean the definitions of his garbage from the chart. I'm done now with this thread (you posted this while I was posting my other "I'm done" post. But you...

This is like a broken record. Page 19 was the first mention. Page 22 he mentioned these terms again. At that point, I was not going to plod through an already poorly enough written book where the author wasn't savvy enough to define his terms when first brought up. I have already said that I...

His video course in all hindsight charts as far as I have seen thus far. That is my point: Someone should not have to read ahead to page 118 for a definition of a term he starts using on page 22. Anyone interested in Brooks would be better off spending $349 on his video course rather than...

That should not be the readers job. You said the definitions are there. I did attempt to dig them out. Since you said they were there, I asked you to point them out to us. As an apparent Brooks evangelist, you should have no problem doing so. The fact that you refuse to do that for us, and...

He should have defined them the first time he used them. He did not. I do know when I first read that Bar by Bar book, I looked high and low for the definitions of his terms and could not find them. On that ground, the book is worthless to someone like me. Why don't you give us the page...

1) I agree. For $99/month I want to see the real account/real time/Dom of the the Room moderator and I want real time actionable calls with entry and stop loss, profit target and instruction on reducing risk by trailing stop. Now, if the purpose of the chat room is strictly "chat" - real time...

Pit trading was a distinct activity from trading upstairs. The tools and edges of the pit trader were peculiar to the pit. Take them out of that environment and put them in front of a computer screen,and it is no different for them than it has been for any of us: It is starting a new skill...

Well, most of the time I do not expect much on Friday. But I was expecting a bit more action than this for this particular Friday. Have a good weekend y'all

? If "SMA" is the 200 day simple moving average, I think you are about 77 points high on that figure.

Bounce fizzled at 70, but room from 62.75 pullback to 73; my short is from 76, and stop moved to 74 on runners. Going to lunch.