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I thought you didn't want to be argumentative?...lol Okay, just forget it. You don't like the trade. That's cool...let's move on to something else.

Right, it's what Trader Vic calls a 2B pattern, or if you were around before Trader Vic, it's what you would call fading resistance. Trader Vic says after price makes higher high, to wait for price to reverse and close below the resistance line. Personally, I like to...

Hi Longshot...thanks for the post!...lol No, I'm not a loser. I have a number I use (risk) with success, but I thought it might be interesting to see what some of the other guys were doing, and helpful to other traders starting out.

Thanks...just curious though, why does the time (1pm) make a difference?

Did you mean the 12:11 bar, or the one following it?

This is a daytrade on the ES e-mini. If you went short, where would you place your stoploss? Thanks BTW...I'm not going to show the rest of the chart later. I'm just trying to get a fell for what some of the pros would do. Thanks

That's true, but the point I was trying to make is that her writings aren't original,(at least not what I read before it was deleted) and that does matter. Also, there's something called a fair use law that allows a person to copy an excerpt from a text if the sole purpose is for...

Baloney...where do you think she got her ideas? From other books! Nothing she said is original. It's been rehashed over and over for years.

See top of page three...hehe

See, there's nothin to it...:D Back in the old days, I used limit orders so I wouldn't get screwed by my broker. But, with todays two second electronic fills, I use market orders. Sometimes I pay a tick more, sometimes a tick less. It balances out.

We got it the first try this morning... Good Luck!

If you get it the first or second time, try to get 8 to 10 ticks out of it. If you get it the 3rd time, try to get 12 ticks.

Todays OR...

I guess my way is a little different, because I was taught by a floor trader that the "opening range" took place within the first 90 seconds to 2 minutes of the session. So, I use 133T bars which is pretty close to the 2 minute bar. Anyway, this is how I like to do it. Sometimes you get...

C'mon, throw us a little crumb. What's your favorite setup? Don't tell us you just go long or short on feel...:p EDIT: I posted just as you did. Looking forward to your journal!

That's right, 2% is $150 bucks. Hell, that's 10 ticks. You could easily do a daytrade. (trading 1 ES)

I don't know of any empirical formula that says you should risk 13%. But, I can quote you from traders that have made tens of millions of dollars who risk 1 to 2 percent.