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Well not everyone here is a 20 contract baller like you ;)

What's up everyone. It was certainly slow, but there were a couple of opportunities to eek out some $. I don't trade the afternoons so I missed the only real move of the day on the ES.

Yeah so far your posts a bit nondescript. You have identified that points of interest on the chart, but at what point do these POI trigger an entry, and where within the entry candle do you get in?

For me my R:R is 2.3:1 on the ES. My setups average between 12-16 ticks, so I typically just set my target for the lowest to ensure getting filled. I always start every day only trading 1 contract, and only up size (2 mostly, my emotions go haywire if I go beyond that) if I am feeling good...

Anyone who uses Infinity knows that the demo platform is blue in hue and the live account is gray. Those DOM screenshots are legit in my book. This is a good way to write off trading videos on youtube as well. If you see that the outline of the Infinity DOM is baby blue, the person is a hack.

I find the ES to be a bit "thicker" chart wise, while the YM seems a bit more fluid in the sense that there are fewer transactions along the way so the trend can be a bit easier to follow. I trade strictly off of support / resistance flips, with the occasional trendline peppered in for...

Absolutely true on the ES as well. Actually I meant to mention it when I was writing the earlier post, but forgot when I was done rambling :) If you see 4500 orders stacked at a price on ES, you could definitely get away with placing a trade in the direction of that price point.

Ha ha, nice! Well if you don't mind I may chime in here or there :)

Matcha, Have you officially switched to the ES at this point?

Another thing to watch for is for people pulling their orders. When you see resting orders, but large amounts of those resting orders evaporate as soon as that price starts actually trading, that can signal price will move through.

Tlow, I've enjoyed our chats, and if you aren't having fun during the process anymore then I applaud your decision as well. Take care and have a good weekend!

MomoNY, Do you have a "Primo" setup, as in something that you rely on and you HAVE take when you see it? My first flirtation with consistent profitability was when I just traded a single setup. Once that got me on the right track, I stuck with just that setup for MONTHS. Days would go by...

The ES trades technically sound enough that you should have no problem using a stop 2 ticks above your entry if you have waited for the proper setup. Stops are good when you don't have the emotional control to tell when you are wrong and need to exit your position, as in this case. Without a...

Yeah, it's kinda like one of those horrible car wrecks, where you don't want to look but you can't help yourself.

Seriously WHY are you long, cut it out!!! Now we have had a solid two waves down, so if you are going to continue to hammer away at a long, now is your best shot.

I agree that you should pick one shorter time frame chart and one longer term chart for support / resistance and that's it. It really sounds like you are overtrading in a big way. I had 2 trades all morning!

Momo, You are trading your bias and not what was actually on the screen. You were buying into lower highs / lower lows, a bearish trend line holding, and multiple supports flipping to resistances. I'm not trying to rub it in, but you had a solid area that you expected to hold as support...

Looks like you'd most likely be getting filled on your target in a minute here.

Got it. Do you trade from the chart, or from a separate DOM? I found that trading from the chart (if possible) helped with my discipline, so I could see how many ticks / $$$ I was up, I was just focused on the support and resistance on the chart.

So Momo, why do you set targets only to take the trade off early? Did you not feel like your target was going to be hit, or were you not able to put your stop safely to b/e?