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LMAO, you always wait till the trend breaks to make your call.

So far there have been two horizontal long targets(out of 3) on the 1.0 ES chart that have been hit. Next target if trend continues is 1375.

The use of threatening white candles on a message board is an internet crime punishable by a gravestone doji.

Here is where I think I went wrong yesterday. Yesterday NQ was down all day. ES was up most of the day. I should have known there would be no large sustained moves in ES without major help from NQ. I should have set my targets lower or only trade when they were in sync.

Just curious, how do you take losses quicker in high volatility? I normally have to widen my stops to stay in the trade.

I haven't looked at the shorts yet, but your longs are EXCELLENT picks. Just be careful on BUD as they are a rumoured acquisition which can change quickly. Excellent Job!!!!!

The temporary bottom is 13-15. If it doesn't consolidate in that range it will probably go a lot lower.

Today was a slow day at the office so I did trade. I was up all day, but watched one 4 point gain turn into break even waiting on my target, and unfortunately I had 3 contracts short on my last trade so I went from plus 415 to -475 on the last trade of the day.

Well let's see how good this target stuff works. Es is supposed to make it down to 1344 today based on the .75 chart..

Agreed. News gives you a bias. Turn it off. You can find out what made the move you are seeing in front of your eyes after you book your profits.

Personally, I think that is the key to wealth. An 18% average return per year will double your money every 4 years. 36% will do it in two years. You don't have to be highly leveraged, or fully invested at all times to have a very nice chunk of money. Unfortunately many are impatient and...

:D and I guess only proven non-urinators are allowed to stay in the pool.

That has always been one of my favorite quotes of all time.:D

I don't know, but I just picture two big hedgefunds getting together on a daily basis and saying ok, when you see one order for 3000 contracts appearing on the dom for 5 seconds we are going long, and if you see 2000 we are going short.

That's as good as an explanation as any, but where the orders appear on the DOM and the length of time they appear it reminds me of a bluff in poker, or a signal. I'm talking 2000 or 3000 contracts appearing for less than 5 seconds sitting on one price.

There is one thing I have always wondered about trading ES intraday. Many times during the day you will see a huge buy or sell order on the DOM 3 or 4 tics over or under the market for just a few seconds. It always makes me think the big boys are signaling a move.

I only trade ES, NQ, or YM intraday so I really can't comment. There are plenty that do trade stocks intraday on the board that I am sure can help you.

I know you have been trading a long time, and I have always respected your opinion. I was just answering a question as to why I am not going to get the hell out of the market. Believe me, I have not been long from the top until now. I do go long and short with my swing trading, and obviously...

I know it will. I've only been trading since 1997 but I'm not an idiot. I don't base my decisions on potential catastrophic events. It's just not a way I want to live my life. I manage risk very well, so there isn't anything economically that is going to have a major effect on my life...

Hopefully I will never make it to your league.