Search results

I didn't give titles to anyone. I explained my reasoning and tried to provide something useful to this thread. What do you bring to the table other than offenses? And yes, I did catch today's Tday. And I agree with you, it required plenty of patience because it almost looked like it was gonna...

I don't think it's a matter of being an amateur with this market. It's actually a simple market to trade with a very well defined and strong trend. I am not sure about what the pros do, but the easy money is made to the upside and if that's being an amateur, then kudos to the amateurs...

I truly admire those who can hold short positions "hoping" this market will reverse at some point so that they can make some money... I could never do that, I am too much of a pussy...and probably this is why I never have big drawdowns...I do get stopped out frequently though...so to each his...

A retracement is long overdue but you never know with this market...it could keep rising and rising forcing shorts to cover...

Pekelo According to your projections, ES reached its target overnight and should drop from there...agree? Edit: Thanks. The 3rd top projection was right on the money, in fact I was holding a long position over the weekend and set my target at 1312.50. This dragon pattern helped me with...

Question: does the quote "rallying into the job report" incorporate the whole Friday trading session? Or just the news announcement spike and a selloff following that? The previous January 7 report spiked down...and then retraced its move all the way up to the highs...and then sold off hard...

Really tough market. We are in a tight range on the daily charts. Something will pop very soon. It's not the best time to hold positions for a long time and get greedy because almost all spikes get retraced fairly quickly. I'd say it's a scalpers' market. Another option would be to take...

By the way, interesting to note that volume has been amazing today so far. Almost 1.2M contracts traded already vs yesterday's 1.4M. Should be interesting throughout the day.

ES finding resistance at yesterday's LOD. It needs to clear 1170.50 convincingly if it wants to take a shot at gap fill. Now it's the bulls time to show some balls...or else bears are gonna be all over this level and push it down to retest intraday LOD.

Good morning all I rarely post here. Just a quick comment on how bullish the market still is despite the big gap and the early selloff. Buyers keep throwing money at it. Amazing. If today ends up with the bulls getting the stronger hand into the close like we've seen the prior few days...

inks, you raise a very interesting subject here. I don't believe there is a one-size-fits-all answer to your question. It's very discretionary and it's one of the grey areas of trading. I can tell you what I do. I use both sessions, the globex and regular. I like globex to possibly...

I am not touching this with a 10-foot pole. I've had a good week so far but the range has gotten ridiculously narrow for my taste. A breakout is imminent. Could be today or Monday with a huge gap. The range needs to stretch out in order to provide better opportunities and trading...

Thanks aj. This explains the incredibly low volatility we're having today. Perhaps a big move ahead of tomorrow's unemployment figures must be expected before the closing bell. If not, expect Monday to be a very volatile day.

Didn't know about the long weekend. When are the markets closed? And why are the NFP numbers coming out tomorrow if the market are closed? I know it's Bank Holiday in some European countries, but I thought eminis would be open tomorrow.

I don't even have sons, but I am sure one day I will. Short more ES!

Did you really have fun taking that much heat? I remember one day in November 2008 I was trading YM via the 1min chart and as soon as I entered a trade, I got stopped out. I was like WTF? I had forgotten to adjust the automated stoploss order from 20 to 100 points. Normal setups on 1min...

Those (and their grandmothers) who saw that pretty H&S and traded it actually made some nice cash. Isn't a pattern a lot stronger when recognized by the majority of participants? By the way, I am not yelling top. Just a nice tradable intraday pattern. I too believe the ultime upside...

Congrats to all those who got shorts and held. I made the right decision dumping my long shortly after 10am but couldn't pull the trigger for shorts. It's still nice watching it though. Moves like yesterday's and today's lead to good opportunities.

I was long YM from 10794 and dumped it all at 10834. I am in no position to make a decision right now. I am not allowed to take shorts yet according to my plan. I noticed the possibility of a reversal pattern and decided to be flat until I see which side prevails. Sometimes the best...

If the H&S is to work, today's session will be fully dedicated to form the right shoulder. On a side note, EURUSD skyrocketing...bullish for ES?