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Generally that is true but mine are so small they don't deserve to be called a drawdown. 1 to 3 points usually. Either the trade goes my way very soon after entering or I am out a BE or SL of 1 to 3 points depending upon context of the trade.

Because they don't believe in price action trading...i guess...

Would you post a 5 min chart of ES today showing the dragon pattern? Thanks

I only took two trades in ES today. Here is a runner that I decided to let run. Got 4 legs up. This is why I never pay attention to news. I just trade the PA. I liked the PA so decided to hold thru all PB's but exited after 4 legs up. Price was continually above the the 89 SMA and most of the...

Surf you got your system but I cannot see any system predicting a 1000 point drop. monster gains don't have to be made with monster moves. They can be made on much smaller moves (which are more predictible) just trading big size.The other day you had 200 points in the bag but didn't take them...

if price goes thru 2362 I will be short at 2362. If it trades thru 2363.50 I will be long.

Now we are at top of range. Small Bull bars. Price trading above both MA's. If we get a BO above 2363 then I will wait for a PB. If PB holds above top of the range and I get a long entry I will go long. Why? BO of range with a PB holding above BO and next resistance level should allow at least a...

Explanation of trade. Trade 10 contracts you have made some coca cola money and done so in a tight range. Again simple PA along with some minor TA indicators..i.e. two MA's

so what happened? 2 points profit. range tight.

Es try to post quickly. price at top of range. At least a 1 point scalp and possibly two.

I am quite sure "Livermore" has puked by now. If not, he is choking. Ever wonder why casinos go for the small repetitive gains and are happy to do so? Same thing for the machines..the HFT traders and some algos. Happy to make swift, small. tiny profits over and over. They don't worry about the...

Surf now you know nothing is guaranteed to happen in the markets. We deal in probabilities..that is all.

You make a valid point. I trade such small time frames by the time I type my post the trade is usually over so it becomes history by the time I manage to get it posted. But, if one reads carefully my posts some things will manage to be forecasted. Like the last trade..if it fails at resistance...

WHAT HAPPENED? SIMPLE PA. RIDE PRICE. DON'T SWEAT THE PRICE. NOTHING TO HIDE. OPEN TO ALL TO SEE. PA NEVER LOSES ITS EDGE.

ES a few minutes ago. Nothing to hide. Simple PA. Open for all to see. The large intraday wedge started around 6:15 a.m. not shown in the chart.

I been shorting this daily TF pb all morning. Successively. On 5 minute charts. In any pb (daily TF) this big there are many shorting opportunities. The daily TF is simply a pb. Trend is up. Not down. This is a pb. Not a 1000 point plunge. However, any PB that is sizeable will have many short...

I guess you ain't giving your reason? Is it some fed bla bla? Or is there a fundamental reason? Or TA reason? ROFLMA

Why holding short?

Please explain. Why a solid short signal? What kind of research says that?

Please, let us not forget it is a bull market.