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What if your profit stop gets hit and reversed on? This is why I don't like to use one, because i usually exit only on a bar that closes above/below last bar or above/below a trendline. The emergency stop is useful though in markets like today... Is this what you are saying or no? I totally...

:). LOL. Hey... if you don't mind low can I maybe get a peak at your trades today. You mentioned you use ES as confirmation as well. Would like to see what you did today.

Could you please post a link? Thanks.

If you are down today chances are you were not following the rules. Post your charts and possibly reread the thread. Today (and I'm not being a dick on this) was a very easy day. Don't let it get to you though. You've figured out today that you have to fix something, now all that's left is...

How is the indice movement compared to the futures? Reason I ask is because I don't know how long it takes for them to get arbed and even if there are redundancies selling pressure in one can forecast one in another (even if theoretically they should get sold at same time)

Here's something for today... don't know if this is usually the case but today its happening more often than not. If ES doesn't confirm a move on NQ chances are it won't happen. Anyone agree/disagree? Also here's a general rule for those that find themselves slowly being blead to death by...

Where's my pat on the back? I uploaded an image. I have been using paint to mark some stuff and turns out that paint automatically saves in bitmap format which isnt supported.

Started off the day banking 600 dollars trading 1 contract. Lost 300 in the chop so far. Here's the picture... need to exercise more discipline. I even said to myself... here come the fakeouts and I still took the bad signals. Short ES 1478.5, out at breakeven.

Yes... pullbacks and bounces are the only things I trade in equities. Here are the setups for stocks for tomorrow. Got in on FHC on monday... missed ANO today and some other really good plays because I put in the limits too cheap and didn't recognize how bullish the daq was.

Lol think of the disability I have in trying to trade. I can't even attach an image and I'm fighting to make a living in the world's most competitive job. You think I can set up a handicap with my brokerage? Something like I get the first 2 points for free? By the way... check out the...

Isn't the small W counter trend completely? We had a pretty powerful down trend so the risk to reward (even though the W semi worked) was still on the short side, no? Any reason why you referenced the tick chart vs. volume?

Looking back at it, the first trade is still valid but the second one... the down candle wasn't really strong at all. And we had made a higher high already so it was already suspect whether we would get another powerful leg down as before.

I just want to say this thread continually gets better and better. I'm in my comp sci class but this is a little more interesting... :). I have been looking for extra confirmation as well. Is it easier to start with time and sales, a sister index, market profile, tick/trin, etc. Or is...

I think Vic uses a lot of round numbers in his trading. I have noticed this to be the case as well... Also something to note on your chart is the channel touch. Out of the short. Thought we would get a break down with some weird selling I saw. (price would spike down on blocks) Plus...

Short...

O yea... you def got balls going long on this one. Glad that worked, but the trendline was still intact right?

Yea I'm officially breakeven with commissions for taking so many probe trades all over trying to catch new trends. There was 3 trades today that were near 100%, then one more that failed but was still a good trade in my opinion (last one that failed near trendline). Next time I will exercise...

Very nice trading.

Thanks you too. What do you think right now, bear flag?

Reentered short. Low... lol I know man. I just can't do it. I seem to be attachment inept. EDIT: and this time I wasn't pussy and am still short. The short was entered at 2211.75 Out at 2203.5. Lol, I guess I didn't learn. Here it is running without me again. Reentered 2202.25...