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I understand, to each his own. If my trade takes off, then I will ride it, but only if it was after the retest, which invariably occurs at support or resistance, no matter what the time frame. Otherwise, I book the first rip. I more quiet markets, I will split the trade up, always leaving a...

All I did this week was scalp. No need to go for big winners, it was just too freaky. BTW, if you were late on an ES set up, you could quickly jump into GC or ZN and get the move on the slight lag. That saved me more than once, especially when stopped out too early.

Also the reason I used a minute chart was because I tend to switch my Ninja Feed to IB in very fast markets. I don't need tick reads on my CD chart at that point (at which IB sucks anyway), the 1 mn clustering does the job. I have learned to stay away from 3rd party data feeds when we get heavy...

1 mn chart in this market, simply waiting for double tops in a downtrend (or bottoms in up) or higher highs, higher lows, with a 10 period RSI divergence and Cumulative Delta to back up. Average hold time just a few minutes. There were tons of set ups like this, but you had to be glued all day...

I don't want to sound too negative, there are some excellent traders on this forum. But I always worry about the new trader with your average 10k account that comes here and reads some of these "victories" made with complete lack of discipline. That trader will be wiped out in a few days...

This forum will be better served to enforce a max 4 point stop allowance for trades to be posted (2 points when vol is low). Then we will find out who knows their stuff and they might have something to teach newbies.

That's not trading, it's investing. Why would anyone want to read about some guy averaging down every 25 or 50 points until the market "bottoms"? There is no information there, and zero skill. A ten year old can do that. There is nothing to learn there except how to blow up an account. There are...

sorry, I can't take seriously traders who have 50 point stops and average down 100 points in ES, claiming 30 or 50 cars. That's not trading and certainly not technical. It's either BS, or...well, still BS. A trade to be respected is one with a stop no more than 4 points, maybe 10 at the very...

"Losers average losers" Paul Tudor Jones. Markets are tanking AH, anyone with long futures and no stops is going to get wiped out. sell bull put spreads if you want to play the long side on a swing. But averaging down futures? Not a long term survival strategy. It works until it doesn't...

I doubt that was lack of liquidity. Again, we traded 6 million cars with ES, a record. You just did not get filled in a fast market with limit orders. Your broker is to blame, not market liquidity. And I traded 2008 as well.

This is false. There is plenty of liquidity in ES. 6 million contracts traded today. The fact that the book is not showing as much, means that market orders are preferred tool (as it always is with big players who want to hide intentions). . Use cumulative delta to spot the market orders trend...

IB is going to raise margins tomorrow. At this stage, it could actually create a short squeeze.

It's a good trade, IMHO. That number is 100% off March/May.

"There are decades where nothing happens; and there are weeks where decades happen." — Vladimir Ilyich Lenin NDX targeting the 20 month.

It's easy: set your hourly chart RTH, then you get the gaps.

NQ potential inverted dandruff:

BPNDX: http://stockcharts.com/h-sc/ui?c=$BPNDX,uu[h,a]daclyyay[dd][pf][vc60][iLb14]&pref=G Traders better be nimble if short. Massive 2 to month rally in the cards. url needs to be corrected, so copy paste the whole link.

TNX chart:

Being short is getting very dangerous: http://stockcharts.com/h-sc/ui?s=$cpce Add solid earnings from JPM and GOOG, one can only imagine the squeeze when they reach a debt ceiling deal. Starting to accumulate long positions above NQ 2319, no longer scalping. Downside risk is 2294...

We are not Russia. The US treasury is the defacto bond market for the world, nothing else comes close. If even 10% leaves it, you will see mortgage rates triple within a few days. And that would be just a start. That new congress that came in in 2010 is by far the most illiterate group we have...