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A few minutes later . . . And the hint (since we are not watching it live) - the size was traded at 13195, and the market is 10 ticks lower! What happened? With that information, would you have gone long and took a 10 tick stop loss - a no no for a scalper? Would you have sold your 1 lot...

QUIZ TIME! 736 lots on the bid smack at the LOD 13195! Answer this: Can you tell if the size is buying, i.e., initiating a long, or is the size covering; i.e. still considered a "buy", but actually covering a short? I have asked this many times before, and that's how you have to be able to...

First, trying to collectively respond to a few PMs and previous posts. Simply do not have the time to dedicate to this Journal. Second, I would truly sympathize if the concepts and this way of trading is difficult to understand simply because it is difficult to articulate with "static" snap...

Absolutely. The "1000er" on the NQ has been a "regular" for quite a while now. But the idea is, it just does not show up for the bragging rights! LOL! Whether on the bid or ask, whether it's a spoof, whether it gets flipped, or even gets filled and traded, there is a "reason" behind it! So...

I just have not had any time to keep up with this. But today, as on Wednesdays, Crude Inventories report draws me to the CL! But if you think the bots/algos are eating your lunch and wreaking havoc in the 6s, then you have to watch the CL! Here's an interesting article...

The chart is still a good tool as, for example, providing confirmation - visually - where important levels are, which will always be confirmed with size (or lack thereof) at that level. So, yes, I can trade with a chart, and I do glance at them, but they don't provide the whole picture and what...

And perhaps a simple chart for those who are still using one!

The reason to trail this one:

Example of where I got in:

All you needed was just to wait for today - the ECB Min Bid Rate and GB Rate Statement would make the 6E move around nicely! Not to mention the news out of Greece and some sort of agreement. Got greedy on some trades - because the damn thing would not stop! LOL! Tried to take some screen shots...

Spent a little time trading this morning and I had to "earn" every tick - literally! Even with the TF! But for sure it was earned. Day 3: In the 6's, of course there's a correlation with the spot, of course there's plenty of arbs and algos that wreak havoc in there from time to time, of...

Day 2 (three turns on the TF as well):

Back by popular demand in 2012! :) Just going back to the original intent of the Journal, even though it can be done! On the other hand, perhaps will start posting in the Trader P/L 2012 thread (although some big numbers are being posted there :) ). The trading may be sporadic and not...

No action for a couple of weeks, and will probably be the same through the holidays, as usually is the case for me. I think this Journal has served its purpose, but I have received a number of PMs re helping others, which I would like to do, but I have never been an “educator” when it...

Missed a lot of the action today. I was able to take a few screenshots of NQ very quickly (left to right). It's not about catching bottoms, but if you think in terms of "liquidity" and "size", the bounce was the quickest and surest money I made today! And that's why I just did not let this...

And here's where it went a few minutes later!

And here's the chart that correlates to the MD Trader. And for the BUT: The key is whether the price is approaching the HOD or coming off the HOD. Or stated differently, when was the HOD established (and similarly for the LOD). Remember, whether you are looking at the dome or any type...

Now take a look at the CL (my old favorite!) on Friday. Pay attention to the size, and of course, the HOD.

I am a bit pressed for time to dedicate to ET these days, but I will try to collectively reply to the previous posts from fishing, Dino, desktop, and a couple of PMs. We will try to build on this one step at a time, and believe me, it will take time. But as the first step, let's focus on and...

And the chart: