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That's a sweet long setup you got on there 5P. Congrats. I had the MD entry 2 points higher than yours. Didn't trade it though. Cariocas

Both of you are ok. So how about that trend day we got? Got in at 711.3 (ER) per my levels & it never looked back. How did you guys do? Cariocas

Steve, Nothing to brag about if taken as a trading system on its own. I've written to the developer (Trevor) saying that without identifying good support/resistance levels a trader would be toast using the product. Now from my own trading/observations it does carry plenty of weight on ES &...

Agree 100%. It has taken me years to figure out a potent set of pivots that are not only good on stock indexes but currencies as well. Keep it to yourself - it's your right :) Cariocas

Well folks, this oldtimer had his breakthrough after scrolling the charts in the 'right' direction . When eyeballing (crude backtesting) new indicators or techniques I used to scroll back in history from right to left - they all looked pretty & easy on the charts. Later on, anything new I'd like...

Charle, You're doing great. Keep up the good work. Cariocas

The worst (choppiest) periods for daytraders are Monday mornings & Friday afternoons. When I used to daytrade I found that a bulk of the losses occurred in these 2 periods & once applying no trades in these periods profitability improved from 45% to 67%. I'd suggest for anyone daytrading to...

Here's another way of looking at S/R, although on ER(AB). Fib lines extended from close of yesterday to today's open on 15min chart. Usually this zone will act as S/R for the whole day. Good for 2 points when breached either way after the open. Hope you folks (& Gary) don't mind having an...

Agreed. I wonder why the moderators don't stop this nonsense. The guy is constantly attacked and flamed just because his opinion isn't 'kosher' with some. Cariocas

Ensign Cariocas

Don't you wish all days were like this? Look at how the fibzone repelled price & sma contained the move. The 3 entries/exits were more than ideal. Always consider that if the trade doesn't move in desired direction right away then it'll either chop for a while or one is just paying for...

Ideal fibzone - very tight range. One can see that 1st entry is break of Globex consolidation low with price clearly below sma and zone. 2nd entry with a lower hi and break of sma and consolidation low. 3rd entry with break of 4bars & sma. Was choppy & that happens. Experience plays a role in...

This chart shows a wide fibzone range & how to deal with it. I consider wide range fibzones as grade 2 setups & the risk is much higher. However, the 2 pt. stoploss/exit rule applies to capture a potential move. The first entry is based on a pullback. Some of these just run away at the open so...

The following are general entry/exit rules. Will highlight other variations in subsequent posts. For shorts: - Enter when bar is below both sma & fib zone. - Exit @ 2 pts. target from entry - Stop loss: hi of range, or; 2 pts. (risk = reward), or; high of fib zone. Will also go...

This chart shows today's action and how the zone using the close & open of previous & today served as support in this case. 2 smas are in place to act as a filter. Cariocas

This isn't a holy grail by any means as the title indicates - the thread is dedicated to meat lovers :) I trade higher timeframes and mainly position trades for 2-14 days. Nevertheless, this is a setup I developed for intraday trades. Next few posts will outline rules etc. Ok, the first...

Sorry Stewart, you're not gaining the respect of the guys in the other garages yet. Earnhardt Sr. is a tough act to follow. S

I trade QM (mini-crude) and it's on NYMEX. E-signal is the data provider. Cariocas

Boy! You sure know how to hit the ground running just attacking others on your first post. Or is it another alias? No one knows for sure who's profitable and who's not on ET (unless they post their annual P/L of course), but some humility and respect can go a long way. Cariocas

Steve, Great thread!! Hope you keep it going. Cariocas