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The rest of the day, price moved laterally between the Weekly and Monthly pivots. This is not unusual. If a trader had done his/her homework and planned their initial trade well, they now had a choice to make; either A.) Try to trade the channel or B.) Call it a day with at least...

Finally the importance of keeping at least one unit on in case the trade runs in your favor. As you can see, this trade continued to move favorably and leaving one unit offered the trader the possibility of catching additional points down to 1253, a total of 15+ points.

Here's how that trade played out As you may know from reading my previous posts, I suggest that traders look for 10 pt moves, scaling out at 2, 3, 5, 7 and finally 10. Also I suggest that traders try to leave at least one unit on in case the trade runs in their favor. This is important for...

We have established that on the open, the market "drove" up and ran out of gas so to speak.....Market Profile defines this as a "failure" and as the market "fails" it heads downward If you re-visit the previous chart you can see the first obvious short entry as price takes out the 200 period...

Okay then, installment 2 "how to plan an opening trade" First, understand that the earlier a trader can establish favorable trade position, the longer he/she can ride that trade, and the more money he/she can make.....understanding this one can see that it is of great importance to learn how...

Your welcome Derrick I am home from vacation and thought it might be interesting to see an example of how a skilled trader might use available data to orient and plan the most important trade of the day. The open First, in order to plan a opening trade, one has to know the status of the...

At this point I think we are getting the limit of what a struggling trader can make use of....I will however post this chart to show what one can do with a longer time frame and different orientation to the market. Notice how the use of an envelope helps to determine where a possible change...

The envelope is setup around a single moving average. The concept is simple. Right click on an advanced chart (anywhere on the chart) and you get a pull down menu. Then go to "Basic Studies". To one side of that menu, another menu will appear. Scroll up to "Envelope". Again a menu will appear...

Okay, I don't want to leave you stranded as regards the subject of trend. You may or may not understand what I mean by "envelope". If you have Esignal, you can put an envelope around a moving average. On the attached chart notice the black lines. They are an example of an envelope around an...

Yes, those are moving averages. The charts are Esignal and the blue is an 80 period weighted moving average, the white is a 200 period weighted moving average. Notice also that the charts are 24 hour charts set to EST (local time in New York). This is important in order to get an accurate read...

Indrionas What you have there is what I (and many others) call a "detrended" data series. When you translate from absolute numbers to "jumps" what you are doing is detrending a series. What you do with is actually pretty simple. Using Excel, you can test the distribution of "jumps" to...

Here is the next chart. I didn't trade it but I hope you can see what the setup is On the re-test, we see a doji and entry on the next candle open at 1256.50 would have been profitable. Price moved up to a high at 1261.75. If I had entered here I would have taken 5 of the possible 5.25...

On this next trade we see a classic "peekaboo" move as locals try to trigger stops for a move down...When it doesn't happen, we immediatly look to get long on the next candle up. Entry on the next candle at 1256.25 goes well, and I am looking for a move up to re-test previous day's value area...

On the exit of the prior trade I am looking immediately for a retest of the MAs As you can see, price does re-tests and we have a decision to make. Do we take the trade short on the failure candle or wait for a true touch of the longer MA? I figure price even if price does touch, I will...

The next trade is a long entry. I let price show me where it intends going. notice that the shorter MA (blue) is above the longer (white) At this point I am thinking about the following issues. 1. If I am a MM, I want price to move up. To the extent that price does make a move up, I...

Here is a chart showing the stopout. For me this is the single most difficult judgement to make. Whether to stay with a trade or get out before you make your 10. In this instance I am looking at the overall strength of the market and from my point of view, it is choppy day. I hate this...

If you want to trade Options Expiry then I suggest you trade small and cautious. On this first chart I show the open and first short entry. First you should know that this first entry really is based on Market Profile more than anything else. In this case when the Market opens "out of...

you bring up a couple of good points. Obviously there's more than one troll on the site... No challenges to entry, so anyone can decide to use the site as their own personal destruction derby, right? Now what trader28 does that is different is he posts the same silly shit over and over...

Since you don't permit PM, let me reply to you Harold right here. Take a look at what happens when you let the inmates out of their assigned area. Right now, trader28 as posted the same crap he always posts on several different threads under the alias "reeldeal".....As always he doesn't...

You know, you are right....I have to admit Thanks for bringing me back to the original point of all of this and that was to make this a decent place for people to talk about TRADING and the MARKETS. I appreciate your comments, when your right, your right..... Thats it for me Good...