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Believe me, Adam, I have often considered to upgrade and will most likely do that when I feel ready. Right now, I am comfortable with 1 contract and do not want to mess up with revenge trading, fearful trading, you name it. I find it extremely important to trade the size that I am comfortable...

Former support perfectly acted as resistance (one hour time frame). Adjusted the stop to the recent peak at 1217.25 because I figure that this ought to hold for my trade to succeed. Still short. I'm observing a new support area at 1200 that bulls try to defend with all they have to offer.

The market trends all the time: it moves up and trends along the way, then it moves down and trends along the way, too. If a market appears to be directionless, it is actually trending up and down within two profound barriers of support and resistance. Yet, it trends. If a trader focuses on the...

I'm amazed by the stupidity of Barnier's suggestion. Basically you are not allowed to rate bad products. A priori, products without a rating are bad. He thinks investors are retards?

2% up, 2% down, 2% up, now 2% down. This is explosive stuff. Trade trends, adamm2. Don't scalp or go against it. With your 2 contracts you can easily beat me.

Short @ 1211.50, Stop @ 1226.25 I reversed my position just now at 1211.50, closing my previous long position for a proud profit of $5,975 (119.50 ES points). Going short was due to a break of the horizontal support line that formed during premarket and regular trading hours, drawn in the...

Although you got the concept of C2 right, you have to mind that anyone can create a "system". Most of them trade theirs on a discretionary basis but claim to follow strict rules. The entire site portrays the image of professionals running sophisticated algorithms but this is not the case. Many...

ES has clearly found a new visible footing at 1185. As I am still in my long position since 1092, I regarded yesterday's sell-off merely as a retracement. There was no significant higher low broken or any hint that would have gotten me short, so the only option I was left with was to stick to my...

I am a fan of Peter Schiff. I don't take much notice of his predictions as I know that no one is able to forecast with precision, however, I do enjoy his eloquent way of explaining his Austrian School mindset and efforts to convince Congress.

For everyone who wishes to learn trend following and those of you who requested live commentary on my trades, please be informed that I have registered an IRC channel on Othernet called #ES. Following ES trends will be the focus in the chat (my trading style is communicated in this thread). Feel...

Very good advice, wrbtrader. Please be informed that I have freshly registered a channel #ES on Othernet IRC. It is dedicated to trend following the ES which is also the trading style I enjoy with great success. My past trades are documented in my own journal here...

The trend continues to stay intact and logically my long position since 10/4 is still in. Meanwhile I have adjusted the stop to 1179.75 because I observe a support basis there. A break would change the uptrend pattern of higher highs and higher lows and impair the current trend. So far not sign...

My charting setup is the final result of an evolution of trial and error and I firmly believe that I, or any newbie for that matter, can navigate the market most efficiently with it. Efficient with regards to return on the time spent in front of the screen. If you regard the choice of various...

Scalping is a losing proposition in the long run, even more so if done manually with subjective judgment involved. The answer to why you are giving back 2-3 ticks after making a tick profit: the tick movements are random. It's common sense. The sooner you accept that, the better. This thread...

You need a few supporters who give their name and email address to create such a channel on Othernet. If anyone is doing it, PM me and I will give my support in exchange for being moderator.

I like your mindset. From your posts I can read that you are a profitable trend follower and already wisened up enough to understand that predictions are pointless. Trends always ignite with a commonly repeated pattern and give traders enough time to hop on board. Let the scalpers and...

The stop is now at 1143.75 which is a new low created on the way higher. This means that I have secured myself over 50 ES points of profit and am currently sitting on unrealized gains of $4,550 with one trade and one contract. As a trend follower I am unable to predict where the market is headed...

The trend never bent which is the reason why I'm still in my long trade since last Tuesday. Nothing else for me to do but to trail the stop higher and enjoy the printing press. http://www.elitetrader.com/vb/showthread.php?s=&threadid=226737

Perhaps someone is cool enough to initiate a channel on Othernet IRC? I would offer myself as moderator and drop by regularly. But stick it to the ES, please. I'm not interested in anything else.

Free version! Thanks so much for this hint, I didn't know about it. I have been admiring MC all the while.