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That`s right....and the the most obvious things work often out the worst...Faking the majority

or otherwise... S/R is working sometimes cause the Breakouttraders (over hod i.e.) getting faked by the Pros...sometimes a break above openrange is a buy and sometimes it`s a sell...no easy answer if this is Resistance or not...

to bring some controversity again.... Mr. Larry Williams....he`s trading for over 40 years, trading live in seminars...what i read from him, he does not use S/R, he argues, to be useful you would need some instruments to define if this is just a weak S/R, a medium, or a strong one and if...

don`t drink and trade.... no mechtrades yesterday, but 2 beertrades after coming home... 1st entry much too early, stopped out.. 2st entry excellent, did not take any profits, stopped out.. market did more the congestion thing, don`t like choppy nature of such market.. Bad discipline... no...

If anybody wants to hear a prediction from a guy having 3 beer at a break from mountainbiking at the countryside.... possible downreversal after lunch, lately ~1400-1430, thursday often good for afternoon reversal Trin 2. day in extrem bull, Comp = -0.49%. market is not lead by techs, will not...

mechtrade yesterday was a buy of first hour low.

selling timevalue is definitely a good idea, you win even when not too wrong with your prediction, I´m not much in options, but the most advance should be in taking bottoms by selling puts, cause the premium should be higher at bottoms than at tops with selling calls, or? In the long run, cause...

I scrolled through my charts to find a example, this is by my definition a trenddown, of course it`s to some degree subjectiv when a trend ends and the other starts, so the second divergence could be seen already in a new uptrend, but so late in the day(14.40) i don`t want to doubt the day`s...

I look on divergences too, but on a trendday i look only on divergences on a shorttimeframe in direction of the day`s trend, to catch a probable end of a reversal/pullback/congestion to enter in trenddirection

Ok, it just looks like so...., nonetheless i just remember one trader, posted a lot in eminiblog (and irc channel), PT^ or something, he lost the money of the past 4 months in one single day by doing any martingale against a NQ trend, may be his pockets were not deep enough or his nerves to...

@romik, welldone, but i would like to ask you about your positionsizing. As far as i can see you add up size to the next trade after a loser, what would you have done if your 15 lots were losers too? Next trade 20 lots? And what are your rules about positionsize at all? In all tested daily...

517.42 $ net, 1 lot/4 trades So far was the daily buy signal the right one.. good night

ppfff, really wicked today... I`m sorry to say I´m not able to post trades in realtime, to distracting for me. May be it`s of interest either where and why i entered. Cause my vy bullish sight i looked for a 2 cycle retracement, a meaningful pullback in a strong trend are 2 lows, so i...

Romik, can i call you an Contratrader, catching tops/bottoms? I expect some slow reversal/congestion but more probably than not a continuation of the upmove later..~13.30 or so B1S2, you are faced with a very strong trend, not very often, divergences are not working out in strong...

creepertrend up...., i had some days former I tried to short those things whole day, the shape is dangerous, looks always like exhausted and you see lot of divergences, but steps up and up.... Does anybody look on TRIN,TICK,Premium? TRIN is very bullish, premium on Buyside for futures...

This is a marketenvironment i don`t like, low volume, someone called these thing PAW-Zone (pissed against the wind...), by my chart still long, marketinternals ~bullish, ohhh just moved..

B1S2, brave man, but be prepared for a possible leg up, by conventional charttechnic many see a buy signal and a lot think, heee the last 2 times before, a break under MA 50 was a nice buy so why not yet too.. indeed a nice upwards channel, CAN go up to ~ 1300 index or ~1310 ES for a few...

B1S2, are you trading globex/premarket?

There is no system fits all, it has to meet your individuell cababilities, this is very different from person to person, and you must have deep confidence, so you have to develop and test it by yourself. I´m very convinced about some systems of mine, but a friend would not touch it in his...

Romik, I would easily say 1 : 10, if you are good in entries and there is no chop and nice swings you can indeed try a ~10-15 point stop YM with good successrate, so for some kind of pullbacktrading i agree under good marketenvironment with porgie with this 10 point thing, but better a few...