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TradStSOX - can you point me towards any resources that would explain more fully what you refer to as your arb/hedge methods? Thanks.

I agree! Consistency is the KEY to success in daytrading the e-minis. Consistency breeds confidence, which breeds better trade decisions (as long as discipline is there) and the ability to increase contract size judiciously. No stop losses! That's unusual. Certainly, the common daytrader...

Hey TradStSTOX, just found your thread. Intriguing adventure. I'm interested in keeping up with how you do (mistakes and all.....as we have all been there). As you seem to be scalping, I'm curious if you're using fixed targets and stop losses per trade. Also, do you use a daily loss...

They are saying that because the risk per tick is smaller - of course reward is too, but with such a small account size, capital preservation is paramount. NQ/YM are $5 per tick, whereas ES is $12.50 and ER2 is $10. On the other hand, commission (~$4) is much higher relative to tick size on...

Any chance you can provide some charts to show what you see on the ES today? After market close is fine. Thanks!

FWIW, using yours and Howard's concept of triple top breakouts (only on the ES .5 x 3), and only taking them with the trend (as defined by pivot relationships as seen on the P&F chart, with HH & HL for longs and LL and LH for shorts), there were 5 set ups today, all of which yielded 2 pts., if...

You come up with some of the most fascinating uses of P&F charts I've ever seen Mr. Grail. Or should we just call you "Holy", as in "Holy cow, what's he gonna come up with next?" :D Thanks a ton for sharing!

The second red arrow was a short that I simmed using HG's failed DT concept, together with Resistance at 1348 (as shown by blue rectangle, also using prior lows, which become resistance when broken). The first red arrow is Howard's trade (since he hasn't figured out how to do screen shots yet...

Howard - Thanks for your contribution! Glad to see some experienced P&Fers gathering here. One question for you. Using the 0.5 x 3 chart, is your initial stop on these types of trades you discuss at -2.0 from entry?

I've done several searches over the past year to see what people have discussed about P&F charts, but found very little. To further complicate my question to you :) , since you use 3 charts for ES scalps, 1 box DT reversal short entry on the 1.0, would be a 2 box DT entry reversal on the .5...

Terrific thread HG. I started following P&F charts on ER2 last summer, using entry on retracement to a moving average. Regarding the failed DT on the .5, will you still take the short, if the DT is broken by more than one X? In this case, if price had gone to 1360.5 or more, instead of just...

Willing to share any specifics on the type and bar increment for the chart(s) you use?

Good to see your replies, Indexscalper. Are you using charts, T&S reading, DOM reading or a combination thereof?

Fascinating experiment Indexscalper. Are you using fixed size profit targets and stop losses (brackets)? If so, what size on the ES and ER2? Thanks. Sandy

Mr. Doaks (Hypo) - For those of us not nearly as visually gifted as you, is there any possibility you could provide charts which are a wee bit larger? Enjoying your humor (and insights) as always. Sandy

4thBorn - Awesome work today! Two questions, please: 1. How did you know to go long at ~10:50, since the market was still making lower lows and lower highs prior to that? 2. Where can I get the file for the ME lines on Ninja? Thanks! Sandy

HWKaiser did a superb summary document of the AHG method. You'll find the latest version on page 951. Also, jychiu did a terrific job of turning the pages of this thread into word documents so you can print them out in a reasonable manner. They are stored here...

Well, based on all the negativity expressed on here by the two-bit investors and traders, I'd say that billionaire in Chicago may be on to something.

P.S. I'm only ridiculing your prediction because it's egocentric and downright dangerous for traders to make predictions like this. Sure, the market's due for a larger move again, but trying to guess when is a fool's game. Economsits predict (and are wrong more than 50% of time), but most...

Man, you're hysterical. I hope you're satirizing yourself. Net change on ES was -2.5 pts. Maybe your girlfriend tells you that 2 1/2 is massive, but for the rest of the world, that's miniscule. :eek: Oh, and if you're trying to brag about the 19 pts of intraday ES swing, try again...