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Even the S&P does cook you from time to time....

To go more in detail of OB/OS, i could not found any edge using daily or 60-120min OB/OS situations in filtering the tradedirection of the day, like if Overbougth only short and similar, that seems of very low importance (to my system...) may be it`s different with other strats....but i guess...

I don`t care too much about OB/OS, i remember one sentence, "There is nothing like overbought/oversold", don`t know the source, but a serious trader.... and "trends are often go much further than anybody can imagine" or so... The OS/OB thing is a subjectiv construction, a try to find some...

Observing immediate price action will however determine what is really happening. don`t agree, you entering a trade cause you see something, may be a beginning trend, but may be only a small random move or fake in one direction, you will see the outcome only later not yet. So yesterday you...

Hi, @romik Cause i trade mostly a mechanical openrangebreakoutsystem, i did a lot of research under which conditions the % of a larger and preferable of course a trendday is the highest. So for me it makes no sense to trade if the stats are not showing an excellent risk/reward for my style...

Tuesday is far more difficult to predict, but i got a red sign to trade breakouts/trends tomorrow, with less % i would guess they take the stops at ~ 1310-11 tomorrow, expect another rangeday with higher low and higher high, but i realized we entering earningsaison, means more randomness, so i...

So far a rangeday as expected, will end as a Doji, ok i saw 2 tradeable trends in the day, but i have worse experiences with rangedays after widerangebars(and mondays...), my final scenario with ~ 2 points more at the highs did not occur, but all at all I feel quite good in predicting the day...

looks more that this "resistance" of fridays afternoon holding...... countertrend depends of timeframe, the mediumterm trend is still down from friday, so in terms of a somewhat longertimeframe this is selling a pullback in a downtrend, look on 30-60 min or even a 15 min to see that this is...

I don`t suggest to do so, but observe the theory behind and if it works out now, never knows, we need very high TICK, large exhaustion bar, highest Volume

A lot of traders already short at "resistance" their stops will accelerate the following move up, but now looks weak, but if they breakout nonetheless, a breakout in lunchhour has a bad prob of success...me i think prefer to take some small options position to go short...

both, but i don`t like rangeplay and today my stats say high prob of range

If you think you are good in reversals or catching an early move, they go to work out the fakeout shakeout thing, best would be they take out the fridays afternoon high at 1309, that could be a nice short, especially by large bar up with highest volume of the last 1-2 hours(3-5 min) and TICK...

especially the ES is made to fake the most possible people out of market, so if you ask what marketaction would cause the most possible pain to the amateurs, you ending probably up with quite good predictions.... the monday thing is made on personal observation, i found mondays subjectively...

When talking about systems, mine told me not to play any trend/breakoutplay today cause the widerange Bar on friday, by testing i found a wide-rangebar before producing a constant negative equity in a openrangebreakoutsystem, seems to be a bad volatilitycondition for larger trends, its more...

I found monday`s mostly rangebound and not meeting my style, i stay on the sidelines mondays...

I expect a rangeday, but looks more weak as i thougth, the best would be they manage it up to 1309.5 -1311 to shake out most shorts from friday and fake in new longs, overall trend is short, such a large downbar on daily means normaly more down the next days, but not necessarily today and not...

@porgie, i think you have to be weird/addicted with trading, unless you will never see constant success, most are stopping before reaching a high enough learningcurve. I think Linda Raschke meant ~ 3 years with good education, i think 4-8 years are meeting reality more. I heard that 97% of IB...

That`s B1S2` Journal, i hope it doesn`t mind to much to discuss other things on weekend now, this should be a last curious question. @Spike (Mr. Reference...) I try to resume your methods after reading quite a lot of your posts. Generally spoken you look for a trend and enter at some kind...

Hi Spike, I just surfed randomly through posts from you and found you to be "The Man"...great respect. So i would appreciate to hear your opinion about the next point. To use one single system only would mean a "Subsystem" should work too. So using one Method only, cause you have not yet the...

Porgie and others... you are still looking for something too simple and i don`t think spike did meant by "indicators" what most understand by this word or? I try to define some stuff why i did believe yesterday becoming a trendday, what would be the "setup" for one (single)subsystem. But that...