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One hint from my experience, stick to pullbacks until you build up a little more capital. Trading breakouts can give you high drawdowns. I am scalping the ES on pullbacks right now, and my account is handling the losers just fine.

I started a 2k futures acct a few weeks ago, doing OK. Make sure you daytrade with tight stops. BTW, I work 40-50 hours a wk as well.

Ah I got it. Thanks!

Maybe it is 133? How would I do that? Thanks!

Nobody knows?

Doh! Here it is now.

This is the chart I am shooting for. I have to go to work now so sorry if I don't thank you for your help right away.

I am using ensign with esignal and am trying to set up a tic chart where it only creates a new bar when there is an actual change in trading range, ie not just going back and forth between the bid and ask. I'll show you what I have now, and then what I am shooting for. Notice in mine there are...

Can somebody post a chart of slaloming? I understand it in concept but am having trouble implementing it. Today I slalomed through some congestation at the end of the long downtrend and picked up a few points, but then got killed when it broke out the top of the range, and lost all my profit...

Here is a weekly chart of the SP. I guess it could go either way from this point of view, but I feel a down break is more likely. I am a sucker for fundamentals I guess, and all that nonsense in Iraq will take its toll. Either way, we should see a lot of volatility pretty quick, which will...

I will personally enjoy the little crash, shorting all the way down, but I do fear it will scare away a lot of the "dumb" money that has joined the market as of late. I do hope they stick around for a while! BTW I recently graduated out of the dumb money category(I hope! :) ) so I mean this...

Yeah I meant support. I don't know about 100 pts in a few days, I would expect something a little more resonable like 60-80 pts in a month or so.

My favorites are the compleat daytrader and The Master Swing trader. How about you?

Market downtrend resumes in under 10 trading days. Resistance will break at 960 and then down...down...down.

Way to go Mr. Bright! You managed to turn a thread that made you look damned good into a thread that shows what an enormous ass you are! I see absolutely nothing wrong with what the starter of this thread did.

Within a week is my guess. ES daily chart.

Well I'm a chess master, and I can't say this has improved my game, but it has certainly improved my trading! You guys are right about the general concepts being taught here. I am not too big on a lot of the indicators, I mainly like the way transitions in the market are being explained. BTW...

Actually I just spent the last 4 hours reading the whole thread and I take back what I said. There is some good stuff here and I am certainly going to incorporate parts of it into my trading style. I would like to apologize to Jack for calling him a "madman". :) Thanks for all the time...

OK, so he added the Macd filter. Good for him. How about a little credit to the guy who came up with the concept in the first place? Of course just adding to an idea isn't nearly as sexy as being the grand-wizard of it all, is it now? Probably wouldn't attract nearly enough ego-stroking on...

I can't believe people are still trying to decipher this babble. If you want a good summary of the beginner level, just pick up a copy of 'The Compleat Daytrader' by Jake Bernstein, as this is the source of the method, though you won't find it credited here. Beyond that, you really do have to...