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It was pretty clear to me as I was watching the open the direction would likely be down, but I didn't take any trades because I have no plan for these trades. When using this form of real time analysis, focusing on multiple time frames makes it difficult to determining the trend because you...

I agree with all of your points. However, I don't see methodical & predictable movements in other commodities like I do in ES. ES seems to honor trend lines and S/R levels more so than other markets. I guess the YM/NQ are pretty good too, but RLM over the last few months would have driven...

Would you mind linking or explaining why you think this?

Thanks, I agree horizontal S/D lines are equally as important as diagonal S/D lines. I don't use that EMA for anything btw, it's just there so I can actually click on something to edit my "open/close" text if needed (otherwise there is nothing I can click on on the chart to edit the text...

Here's my trade for today: 1) SL broke near open, DL formed after 2) Long 1640 3) Price reacted 2 times to secondary SL 4) Broke pattern DL 5) Out +/- breakeven This is what I saw in real time, and I did trade one contract. I have noticed on good trades, the original SL/DL that...

you're correct, I ID'd the 3rd time that price reached that level (there were 2 tests) today heh... I agree...but... you did say one should understand trader psychology at some point didn't you...? :cool:

Today is very clean price action ~possible 8 point trade

'Friday Options Lottery' he already knows the odds are against him...

That is my personal goal; 1m. Not suggesting you should have the same, but ask yourself, why are you here? I doubt you wouldn't say 'money.' It is also why I said this shouldn't be in the forefront of one's mind. I have noticed in the little trading I've done that the more focused I...

Basic principles of a uptrend and a single demand line have been in place for several days. You can see on this 10,000 tick chart buying and selling waves represented by single bars indicate that the uptrend is still in good health. Each white bar today envelopes all of the previous black...

I know this thread focuses on NQ but the same principles apply to ES (& all other markets) Price continued to slam through all recent supply lines. One demand line has held. We've run 6 points so far. I'd be sitting on my hands. It's clear from larger time frames that demand lines are...

I'll post my thoughts on this as I am sure applying the techniques described in this thread one can become a millionaire (if properly capitalized) within a year or two. That should be in the back of ones mind however, not the forefront. I think the most valuable things in this thread have been...

-1000 today no point in scaling up .. again easy to see in hindsight how to have made money today @ 18,000k (starting balance for the year + 10k deposit) probably not going to post for a while

Not tracking... if my risk is always 3 points... please explain how I would wipe out with 2-3 down legs? When volatility got crazy yesterday there were 2 trades I didn't take because they were over 3 points risk.

Sorry, I must not be typing clearly... Ammo / stock ; I did not lose 16 points yesterday... I missed out on a trade that ran for 16 points because I was not at my laptop. Missed trades are the single biggest reason preventing me from knocking it out of the park. Mon +1800 Tue -500...

*fuck me really fuck me 16 points

*sigh* Easily a positive day but I stopped early due to frustration and had some things I had to take care of at work. 2+ trades this afternoon did not meet my 3 point risk criteria. Of course one just fired that has run for 8 points but I was sitting in the podiatry clinic getting my...

Cost myself a little more today then I should have because I bailed with $100 loss early and re-entered for the full ~$600 loss. Only short I would have taken was yesterday afternoon. 3rd day of observation; reverse position upon inverse entry pattern completed below lowest low of original...

The future version of myself would have; 1646 short 1647.5 / 48.5 stop out & reverse mkt @ 1654 currently The present version did attached. Need to make sure stop/reverse is worthwhile though.

Hope your kidding If not u haven't learned much in 5 yrs...