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Stealth, I also reduce my tics or shares when looking at overnight activity. 10000 shares in ES goes by quickly during the day, while overnight it could take 6 hours. YM especially, overnight volume is so light that the entire evening could be one bar at the day's pace. I also tend to...

Anek, Are you using the 10,000 share bar chart to trade ES? One of the problems I am having is switching back and forth between timeframes, and one chart will show me a clear LL and LH, but on another (let's say shorter) timeframe there might have been a HL in between which throws me off...

No chance of a change in rates, but the market will be looking for a change in the wording of the statement that could be interpreted as opening the door for a rate cut down the road. Here is the previous statement and where to look for changes: For immediate release The Federal Open...

Not that it matters (don't mean to pick nits) but by my calculations daily pivot is 1454.50 which is the exact high print so far. Kinda made me go, "hmmmmmm" Spectra, if not the longest certainly the best (great info and major efforts made to keep the tone positive)

I can understand that! :D

Spectre, that was brilliant! I have to ask, do you get any slippage on your fills? The way the market just shot up seems like it could have been substantial.

Biggest pct gainer in Dow today? AT&T. +2.55% Is it a coincidence that they paid their dividend today? over $2 billion. Verizon was up there also, 3rd biggest % gain at 1.62%. They paid over $1bil today. Am I being fooled by randomness or is there something going on there...

I am listening too.... what exactly should I be hearing? Ah... it's the sound of whoosh, market collapsing if it goes down, but in this case must be the sound of shorts running for cover as es prints 62

up..... ... up..... ... up........ up..... ..... down..... down..... down

go figure. I still show the uptrend from this morning's (overnight) low intact, with higher lows and slightly higher highs, although you can see the fake downside breakout. T and VZ both paid their dividend today. Total is over $3bil cash! Think that affects the market? Holders of...

Thanks, I understand that - clearly stated That is also a clear statement that I can comprehend. But the next 2 I can't figure out what is being said: :)

market's moving too fast for me! I told you I was confused! :D

I am confused... where did you recommend going long? I thought you were going to wait until it got below 1435.

On the last day of the month, worth noting that June's end of month numbers were INDU 13408 (we are already above that) and INX 1503 (a bit of a stretch, but not out of reach). If you believe that big money manipulates the markets, those are today's targets. It will be a major victory for...

Here we are at 1492 again. Today's pivot R1.

took one trade this morning - it was nearly a perfect setup, I was seeing lower highs, lower lows, but i shorted too close to the bottom of the bar and got stopped out almost instantly.... by a higher high! The market then continued its downtrend. I know I can't let stuff like that bother me...

glad it worked for you. My tight stops got hit rather consistently. :mad:

thanks for making me realize at 1:45 that the market has been basically in an uptrend since 12:35. I must be sitting too close to my screen! :eek:

YM makes new low for the day. ES still well above.

ym bounce 100 pts from the low in... 6 minutes?