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Seems very quiet today so i thought i just share my trades for the day. I was expecting retrace to my level this morning and nailed it perfectly and got my usual newbie 2 contracts in 1 tick from the low for the day. Had a target of 1475 minimum but took both out at 1472.50. Still its got...

I agree with what you are saying. However, there are many ways to make money in this market with no definitive answer. I don't think you should dismiss macro events altogether as many fund managers and HFs have made a lot of money relying on the fundamentals in very long term positions, as...

Obviously as a daytrader i don't rely to heavily on the news as it is displayed in price on my chart. However, i am simply a daytrader and a small fish in this massive ocean. If you are saying swing traders should not rely on a analysis of global macro events and number then i think your wrong...

Are you saying global macro funds have no idea what they are doin :confused:

What do you mean price engineering? Do you mean they are trying to trap longs with false sense of security?

Wow i hope for your sake the market bounces back :(

Closing 1 unit out here at 1551, still long other 2 units.

Im long since 1548, major counter trend move here :( . Very low odds off success me thinks.

I was long YM and ES, took profits at 1562 on ES, a little early as i should be sticking to my target of 1566. Left one unit long, but my analysis is that we see new highs. However, i have banked profit just in-case i am wrong, which i most likely am :D . I say keep long to new highs.

Good analysis mate, was perfect retracement and wave up to new highs in my book.

Good trading, im still one unit short, got rid of some more at 1545.75. Want to add on to shorts on retrace to 1553. Price spikes as Apex said do scare the shit out of ya, but volume does not indicate any big buyers just yet. Been a good week for me as i was short YM since yesterday, and...

Very nice, i bet your as happy as i am right now. Taking target 1 at 1547 here.

Im with ya mate. Was short heavy from 1556.25. Got stopped earlier on my shorts at 1555.00, but got back in an holding till 1545 reached.

Can i ask why you are risking 4pts on 1st contract for a 1pt gain, and risking 3pts on 2nd contract for a 2pt gain. Sorry, only asking to undertsand your strategy. Does this trade have a very very high probability of working? Is that the reason why your risk to reward ratio is as stated...

How do you manage your risk and position your stops in the Dax? I do enjoy trading Dax for very short period but also find it difficult to pick stops. Especially during very volatile moments the Dax can shoot all the over the place. Also, i have stopped trading the Dax for a while now because...

Hmmm, maybe that why im trying to find out if this is truely possible. Will keep trying it to see if their are some errors. Thank you for your advice

Based on 5 contracts at a time.

Lol i kind of messed up on the number of contracts traded at one time. It was over 50 contracts at a time lol Sorry told you i was new at this. I will get snap of actual profits based on trading 3-5 contracts at a time.

I cant get esignal to give me any more back testing at the moment. It has been tested on various timeframes but the 7min fits the best. It averages +60% winning trades on nearly all time frames i have tested. Like i said i am new at this so i may have made a mistake somewhere. Any...

My settings for initial capital was $2500