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--------------------------------------- The open may be weak. The very critical levels for scalpers are 1304-1305 on the lower side, if its cut, we will crash. The mkts almost oversold there is hope, in this case 1308.5 very important, if we break, we rally and then correct and move up again...

Guys, unfortunately I wont be able to do a running analysis today. The open may be weak. The very critical levels for scalpers are 1304-1305 on the lower side, if its cut, we will crash. The mkts almost oversold there is hope, in this case 1308.5 very important, if we break, we rally and then...

Will post advanced trading lessons every week that should be of help any new trader. 1) More important than the tools, equipments, news is your own make up. psychological. In the long run, the most experienced traders realize the battle is only against onself. Polish yourself, more profits pour.

March 16 Summary: Analysis of S n P index (underlying not futures) Sell on rises call was right. Short was profitable (ignore commissions for now) Stop loss held Profit +1.2 Thanks and Good night from here... have a nice evening !

Thanks williams sir and oh by the way .. i dont carry positions overnight .. closing it at near the day's closing value ... 1305.8 Good start.. minus commissions etc .. i know .. i know. .. Regards mishwar

ok ok .. closing time ... volatile .. np was a good position wish the mkts were mid way in the day. anyways, we all know there is always a tomorrow. Thanks See you all tomorrow. Will start early and give two good ones based on our original mechanical system.

No, not the names. Just their deeds, systems will do. thanks mishwar

Interesting. esp cause if the S n P underlying trades below 1305.8, will be cool for my position. Now the danger level for my trade is 1307.6. Im cool v basic just one lot. thanks mishwar

Aha, so the sell on rises observation holds v well for now and the 1307.9 level that I gave. So far perfect. Holding. Will give more detailed analysis and two good bets tomorrow to test myself. Please do comment as I go on. Thanks mishwar

Ok. here goes. Just one lot ES short at 1307 (i dont have ES value so I am giving the underlying index value) This is just to get my feet wet. nothing serious at all right now esp since mkt closing Thanks mishwar

1307.9 breakout will indicate a v ST change in trend. hmm interesting ... im planning to use my own posts to study later. So any contributing will help me and any one doing serious trading. The aim will be to get 2 big ones and the critical test is to have a decent number of lots at that...

Index is a sell on rises right now. But nothing serious to be done. Only on 3 min charts. Will wait for some more time. mishwar

Im using simple charts .. with a slight lag. The aim is to provide a subjective commentary. Decisions to be taken by user. Where possible and meets our criteria we try to hold big positions for a longer, intra day time. Disclaimer: This is not an invitation to trade on my advice.

Analysis by analyst from Non US country. Lets analyze together. Comments on S & P 500. System will be based on 1 initial lot, smart, strict Stop loss, adding to a winner, cutting loser early. All comments and analysis of my analysis welcome Thanks mishwar

I wonder how many (if any :P) legendary traders are in the making at this very moment. Any one you know ? And what are their achievements ? Trader, scalper ? Any pioneering system. All inputs for the above points very interesting i feel. I know some. How about you ?

Buy1Sell2 Overall, a decent start, decent profits (for the time frame you chose). But at the end of it all, a very common mistake. Sometimes Buy2Sell1 required IMHO. Yes, the position may be small but give it some time to work for the same number of lots. It was looking really neat in...

Chonkore, this is interesting. A bit confusing though. In your quest, what are you considering as your 0.6 % gains ? Booked profits ? Thanks mishwar

1) What kind of dollars takes u out of the market? I mean how much do u lose before you are asked to leave at a prop firm. I know it must vary... but for example at your firm ? 2) Working at another prop firm with lesser load .. is it possible ? Thanks mishwar

The performance is quite good. Makes me wonder ... If you could get in some elementary wave behaviour aspects into the system, the results could be real neat. Thanks mishwar

Re: Leaving position open overnight. I'm still not sure thats a good strategy. Some trades tend to take away all the profits even if your view is rock solid. Surprising to see you leaving position unattended overnight. When I'm booking 5-6 points profits .. i'd not leave any position...