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Market is always ranging or trending....it just depends on which time frame you are looking at.

Market starting to look weak here on the 1hour / / 4 hour. If we dont get a breakout soon ill be bailing on my long and looking to re-enter lower. I think a fail here can bring us much lower.

Great talk, I really enjoyed it. Nice to know there are still successful discretionary traders trading on gut feel and experience.

Good Day USA

Very nice, what are you targeting?

nice trade

your expected target has already been tested... what makes your think we will go down there again? Also we tested yesterday's high and seem to be holding that as well...

For a scalp or you gonna ride it and see what happens? Care to post reason for getting long? I am not in this trade as my capital is tied up else where at the moment but curious to see how this will play out on the longer time frame. It looks like this is a key level from the weekly that's...

Looks like we maybe putting in a 1-2-3 in Gold....

I like this one: https://www.dailyfx.com/calendar

Im in Asia too and my sleep schedule is really messed up because of US market hours. Go to bed at 330am and wake up at 8am because I cant sleep in. I end up napping during the day and play catch up on the weekend.

This thread is about S&P....

I think there was some great signals today, like shorting the test of yesterday's low. Now also looks like a good time to get long. Again I am not day trading but just watching the market action and drinking beer... Its night time where I am...

now that we have tested yesterday's low, time to gun it up to 2800...

You are right, I dont use hard stops or do any "backtesting" as in statistical analysis. I did spend lots of time studying historical charts as well as the live market to look for when the edge appears and how to trade it. I have mental stops and I am getting much better at sticking to them...

Lets keep this thread clean of nonsense please

If you build a market reversing position as a big trader.... where would you defend it?

I found an edge in chart reading but I dont have the necessary mindset to execute it in a day trading frequency so I now wait for it to appear in longer time frames which is maybe a few times a month in the ES. Edge was found by luckily stumbling upon an old technical trading blog, watching...

I have not read any Brooks nor am I a consistently profitable day trader. So I am not one to give advice.

Carefull not to end up like a certain poster here who spent 10 years reading price action bar by bar with nothing to show for it.