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This post is intended for DAYTRADERS only. Do you employ an, "Always In" strategy. That is to say, you are never out of the market, and your exits are merely reversals. I've been toying with the idea of doing so, and am looking to hear about the philosphy behind this strategy from other...

Throughout my studies of Technical Analysis, I have come across the number 3 repeatedly: Three fans, three lines, three market phases, triple tops, head and shoulders(three peaks), three types of gaps, three market directions, three points to define a trend, etc........ I am wondering if...

I day trade ES and use only 1 and 5 minute charts.

The first hour of the of the day is the best time to trade, as liquidity and volatility are typically at their peak. Aside from that, the morning session on the whole is better than the afternoon.......

I never enter limit orders on the book and let them sit, as I do believe that brokers do watch profitable clients and will trade off of their signals. On top of that, I believe that if I show "my hand," the potential for exploitation increases considerably.

You might try putting some channels on your charts.......they're a start.....

I appreciate the responses.....as my quest to locate intrday H's/L's continues to evolve, I'll keep you posted. Thanks to all those who shared ideas, especially Grob.

Grob- I apprecaite the insightfulness with which you have kindly responded. I have been in the process of considering much of what you have discussed for a good deal of time. I was looking to understand if there are others who seek the same manifestation of price extremes on a daily basis...

Thank you dwl, steve T, winter, bitrend, and all those who offered insightful comments. I appreciate your input and honesty.

Since my comments have been so well received, let me try to re-phrase....... 1. We're not ALL trying to buy lows/sell highs. There are many intraday traders whose focus is totally different. 2. My question was not to see how many people here are trying to operate in this manner, rather...

After some extensive reading on ET, I have noticed something interesting regarding the trading strategies/styles most often employed. Rarely do we find people whose approach is solely focused on buying(selling) the low(high) and selling(buying) the high(low) of the day. I've read tons...

Hands down dbphoenix. Bolter's most recent journal about market profile was particularly enlightening. Volente has been very generous with his market knowledge as well.

Excellent thread, Bolter. Thanks for all of your insight.

I only trade what I see. I focus on one timeframe.

I can't handle more than 3

One of the few things I debate in my trading on a regular basis is the criteria used to define a reaction H/L. After myriad discussions with many traders, there seems to be a mixed consensus. I am interested in how people here on ET define a reaction H/L. For the sake of this thread, we...

Thanks for all your replies. :)

Can anyone provide a good website that tracks average daily ranges in the US bonds and notes? Thanks. :)

My style of trading is with the trend. I day trade futures. I prefer to try and jump on a moving train, instead of trying to stop it. It's all a matter of personality. I know plenty of "against the trend" traders who do very well.