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Yesterday afternoon, I spent some time revisiting the ORB. I set up a spreadsheet, added several columns for info I wanted to review, and manually recorded price action. I've only captured 19 data points so far (yeah, I'm kinda slow), but the patterns that are beginning to emerge are...

How do you remember these things. This is classic. "That gun shoots straight..." And this is part of the answer. Draw a straight line and keep it simple. "Surrendering to simplicity, it is fair to say, does not come natural to the human mind... And it is a journey that...

That's a good question. My swing trading analysis is performed after the market closes. And I'm using a few scans now which helps things go faster. So when the market opens, there is not much work to be done with the swing trades. That gives me the freedom to day trade the ES during the...

DTB2, You're correct about trying to scale. Right now, I'm trading one lots. After I'm convinced that I can consistently trade my setup, then I'll consider increasing the contracts. I'm told that when you get really good at day trading, it becomes boring. I'm not bored yet. -Al

Knowing that the ES was still in chop on 8-16-2013, this is the second trade I made. It was a long entry on a break above 1658.50 on the 9:30 bar (5 min.). My target was a measured move at 1662.25, but I was watching the 1661.00 zone as possible resistance. When price struggled at 1661.25...

I don't like to trade during chop, but there were two trades that looked good for a scalp on Friday 8-16-2013. (All times CDT). Keep in mind the context we had going into Friday morning. The Dow dropped about 225 points on Thursday, so I'm expecting a quite trading range on Friday, ie -...

The link that I posted above was only for the image. Here is the correct link to the commentary by NoDoji where she discusses the coiling action in the NQ. Good stuff. http://www.elitetrader.com/vb/showthread.php?s=&threadid=277075&perpage=6&pagenumber=3 -Al

Here is a link to several posts made by NoDoji recently that discussed the NQ just before it broke out. http://www.elitetrader.com/vb/attachment.php?s=&postid=3852723 NOD, I hope I'm not getting off topic. Even though your comments were not directly related to chop, it was a great...

NOD, you are light years beyond me! Right now, I feel like a one trick pony since I have one favorite pattern that I wait for. My preference is the ES on a 5 min chart... but still learning the best way (for me) to use the 1 min chart in conjunction with the 5 min. But, I'm happy to have...

NoDoji, I'm one of those swing traders who is now working on the ability to day trade. And yes, the speed at which decisions must be made has been a challenge for me. I've been studying the posts of Redneck, NoDoji, bighog and others. These have been a tremendous help. Here is one...

Trendline break suggests new downtrend and possible 1-2-3 short. The break below 3129.25 confirms the short trade and could be entered here. Using the one minute chart to enter on a pull back to 3130.50 gives a better entry using the overhead resistance at 3131.50 as a logical stop loss...

Thanks for sharing your list of "chop warning" signs. -Al