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Just a suggestion... it's very hard to see what's going on in your chart due to size. I would enlarge areas you are talking about or make your time interval bigger. Don't know if this is the hardest day to trade last month but I seem to be having a hell of a time trying to do it. Probably...

[/B] My trading today has sucked very badly. I have a short right now that I took off of a long term trendline in the ES and head and shoulders. Just sitting on it. Feel very bad today. Horrible trade management, horrible entries. Feel decent with this play though. Confident that we...

Not saying wrong or right. Just matter of preference. I get antsy if a position goes against me. I have virtually no experience daytrading also so take everything with a grain of salt (<1.5 months of screen time... before that I just swing traded).

Look at the candles. All sorts of weird closes in all sorts of directions. Lots of slow drifts up and down. Not ideal conditions... I don't really know a *how to* other than experience. Remember, I still took lots of trades today as well... Hausse: I like that one better... I would have...

Divergence... don't know if this has posted. This was done in hindsight (the lower high and higher high)

Very cool link. For anyone that has a long term prospect I would suggest they check out the divergence photos in there. hausse: What I mean is... after you entered and took so much heat you knew that you were wrong at that point in time. Why not wait for a better entry top of the M if you...

I think a lot of good trades are failing today. You would have to be pretty quick to bank a profit on most of these...

Why did you decide to take so much heat on the first one? I had the same entry but I failed for the second one.

Lots of buying coming in on both nq and es... Also, for anyone following both ES and NQ... have you noticed today that the ES doesn't really lead the NQ? It goes back and forth and I can't seem to determine a relationship at all...

Here's an example of how price is reacting near fib levels today. The 68.2% FYI was the 23.6% retrace of the last low and high. Very reactive levels today I think...

I saw some plays but there were so many false moves that I couldn't even take the good stuff, at least from the time frame I'm at. Definetely choppy especially on the 1000 cv today. EDIT: The fib levels today have been very itneresting particularly 23.6%. Draw the fib extensions from the...

Post some charts of what you are looking at guys. I shorted right on the downtrendline into this new downleg and covered way too early because i have been getting cut to death all morning. You're your own worst enemy i guess..

Here's the image (woops)

I notice lots here use fib levels. Do you guys think this adds to your analysis and how? I just started pulling them up for nq and it has been helping, but I dont know how much is just pure dumb luck. Also, I havn't had time to read far enough back, but I remember some people using pivot...

For tomorrow can anyone post the pivot levels that their ninjatrader are giving them. I am trying to figure out if it's worth it using these levels due to data uniformity/ability of software to calculate the levels. Just wondering if I'm looking at something other people are.

There are many fib retracements on many different time frames/intervals. You are overgeneralizing. Also, stop using stochastics. They are getting you horrible entries. You keep trying to enter on stochastics. Anek is trying to teach pure price. Reread the thread is my suggestion... I prefer...

Anek quick question as I don't want to hijack the thread and where you intend it to go... Is it possible that we could have some discussion and postings on confirmation indicators with regards to price, especially indicators that are directly influenced and created by price with no lag? I...

Not sure if I understand your question? I use 500 and 1000 for the NQ and 20000 to see big picture and today I had ES up with 2500 so that i could test out how confirmations work back and forth. I have an indicator running that tells me how many contracts left before bar prints, is that what...

Thanks for the clarification, that was a very useful post. I bet you there are quite a few others here that have not implemented a failsafe system. I know I havnt, but Ive never daytraded live. (well... I have but that was 1.5 yrs ago when I was just starting and a complete disaster)

Thanks. I guess if I post here I should make my stuff look as professional as yours :). If only you guys told me this sooner hehe. Low: Ok, thanks anyways. I'm sure you did fine. On this type of a day you simply can't ever ask the question are we oversold yet? Just take every signal and run...