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Wow, what an overnight move on news of China trade war talks! ES reached 2970. (Up 40 ES points from my last posted chart.) Probably will go to 3000. Waiting to trade until I can see things clearly. Jumping in expecting more UP is a fools game. Expecting a full reversal is foolish too...

Earlier today I said we would probably take out the Over Night Highs. We finally did near the close. I thought we might because the overnight up-thrust had lots of gusto, and appeared to be more than just a short-covering rip-your face off rally. Because of that strong momentum, I figured the...

Because of the fractal nature of the markets, your swing trading and my scalping are actually almost IDENTICAL. It is one of the greatest mysteries in trading how this can be. (Take a 500 bar 1 day chart and a 500 bar 1 minute chart with no markings and try to tell which is which...) But it...

I ALWAYS welcome other viewpoints. I may have been trading longer, but your two eyes are just a good as mine. Please post away! It sounds like you and I have similar scalping styles, with a high win rate. And then we have trouble with some of the rules. We need to remember that "capital...

Of course I don't blindly jump in based on my "sentiment" readings; I still wait for the signal that says "okay it is finally time to fade this move."

I am done trading for the day. Up $59 gross. I took 4 long MNQ trades and 3 long MYM trades. (Even though it is small, $59 gross is like $590 on the regular E-minis, and represents over 5% gain on the account in one day.) In all cases it was because we looked oversold, and I expected more...

I use the value area from the previous day. Value Area High & Low. Point of Control, and then the Overnight Highs and Lows, and the Regular Trading Hours Highs and Low of Day. I also have the VWAP on here (Volume Weighted Average Price). Right now, I see that the Cumulative Delta (blue)...

Most traders I talked to today struggled a bit. I was no exception; I ended down $38 for the day. My problem today was that it seemed that EVERYONE was bearish. And to me this means it is time to "buy the dips" which we sure had in abundance. But the crowd was ultimately right today. Down...

That one reminded me of a real trader's chart found in the e-book posted by VSTscalper here on Elite Trader: https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-25 See the link to the e-book at the bottom of the page. Here is the real chart that he used as an example...

Today was a holiday, so no harm done. I will begin trading again tomorrow. I can't promise I won't post silly gifs. WAIT, your name is "silly!" You are the last person to complain about silliness. Here, I will leave you with this for the night:

2 months is nothing. You have a great win rate and system with just one trade per day. You are making $100 per trading day with one contract and making $2000 per month. Some people don't make this amount of money working 40 hours per week. Be patient. Alternatively, I believe you can take...

If I had $6,500 I would trade 1 NQ or 1 YM contract. Maybe 2. With those stats you should be able to easily scale up to 2 or 3 contracts at $10,000 - and then you are off to the races.

I was about to say with a 71% win rate you'd be fine to trade a $500 micro account - as long as you kept your drawdown in check. This is similar to $6500 for the 10 micros of volpri.

Congratulations. "Capital Preservation" is job #1 for the trader, any you have mastered this.

The MNQ and NQ are virtually identical. And they are usually in full harmony with the MES, ES and MYM and YM. So YES, it works on the MNQ. But this is not a mechanical system. You need to keep an eye on the overall bias for the day as well. Generally the 50 sma on the 15 min chart will...

Thanks for the glowing endorsement. "Should go down in the archives" Wow, thanks. I hope my 2, 3, and 4 week performance can now equal the rhetoric for sure. I fully support the idea of everyone posting a journal. It is therapeutic on bad days and fun on good days. You have to speak truth...

ES, My main reason for posting is to hold myself accountable. The second reason is to help others learn to trade in a sane fashion profitably by seeing someone like me (hopefully) succeeding at the task. I have been trading almost 13 years now but only now believe I am really turning a big...

ES, it sounds like you know what you are doing, so I was surprised when you said ". . .IF I have an edge . . . ." I propose that all traders should trade on sim only until they can say "I have an edge." Then they can trade the micros. Then they can trade the full E-mini. Then they can...

Please clarify. Did you mean forget about micros below $20k or forget abot the regular E-minis below $20k?

As a discretionary trader, this is a tough question for me to answer. Are you talking about my favorite setups? But if you are asking for a crystalization of my methodology, I would say I am A well-trained momentum scalper looking at the fast chart An intermediate market delta trader...