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ivanbaj, I understand your question now. The short answer is no, I don't care about it. It doesn't affect me during my 1 - 4 hours of trading Mon - Fri. However, the news events that are posted in the weekly economic calendar I do pay attention to in the sense of the times so that I know...

Got it, per previous posts, I'm not very good at the long term stuff. I thought it was something that was emphasized today, hence your question. With that in mind, forget what I said earlier. Well, the WGSR is still saying long, so, if I were to trade, I would look to scalping long initially...

Sure. That is important to know and it could be the reason why price only teased us with a small dip below previous day's lows. All I know is that since the day's low, my WGSR has told me that long is the place to be. Keep in mind that "they" can keep us in a tight 4 - 6 tick range for an...

0905 EST I'm going to take a break now. My thoughts are that we have had many down days in a row, and it may be time for the market to rest, or go higher. With that in mind, IF we manage to move back and forth between 115 180 and 115 140, and then start moving higher, I think a run for my...

I know them obviously, but I don't use them. Not against them, I just don't want to clutter up my view of the market.

0901 EST As you can see from my trades, I'm a bit all over the place with my short entries. I would have preferred to stick to my first short at 115 200 and ride it down to 115 130 which was a very obvious target. I'm going to take a break for a bit. I had a rather nice 19 minutes of...

0856 EST The structure of the market may be changing. I wanted to short more, but now I'm hesitant.

0855 EST Here are my trades thus far.

0722 EST 116 000 was close enough. 116 020 remains important but I think a first approach trade is over. It might still work on a second approach, but I'm not confident. Back in an hour so after I put the kids to sleep.

0659 EST Pre-market for Thursday 06 August 2009 No bias. I'm looking to sell a first time approach of: 116 020 116 155 All previously posted caveats apply.

NinjaTrader. Excellent order entry package and I like the charting too. It isn't the only charting package I use.

Thanks. IB groups them together by decimal, i.e. 116 075 = 116.234.

ivanbj, WGSR stands for Working Group Support and Resistance. The indicator does two things for me. First it tells me where real support and resistance is. I can't tell you the number of times it will have resistance at let's say 120 110 and an important pivot from classic pivot theory...

ivanbj, Thanks! No need to be jealous. The quickest route (and there isn't one really) would be to study Market Profile, and any of the multitude of pivot systems. Then you would study market geometry, and finally timing. Note that I don't use all of Market Profile, but I do feel it...

1147 EST I posted the previous details to document what a solid day means as well as quell any doubts that what I'm doing is not real. Not that anyone has asked. Everyone has been a good sport. It has been a long hard road. About 15 years. Yes, I still work a very lucrative day job...

Trade stats incorrectly state the total net profit as I haven't plugged commissions into the configuration. My commissions totaled roughly 70 USD today for 20 round turns. It sure beats Mann Financial and Jack Carl futures from back in the late 1990's. I don't remember exact figures but I...

My trade stats.

My trade log.

1107 EST 4) Buying 115 315 which is marked by the second smaller oval. I pretty much had to close my eyes and buy there as I'm loathe to buy at the highs, but PA was quite obvious there that we would hit 116 010 at a minimum.

1106 EST I'm done for the day. Today was one of my best days ever in terms of execution. I even managed a mistake to a small profit. What am I most proud of today? 1) Buy at 115 190 at 0839 EST. 2) Managing the bad trade in the first oval. Shorting at 115 195 is a fine trade. I...