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agras, It took me 5 years to learn how to daytrade. Keep at it and be patient. Your skills won't develop overnight. It takes time. Regards, Dave Scott

FastTrader, The lowest I heard them go intraday on ES is $1500/contract. Regards, Dave Scott

In trading, high volume areas represent the markets search for value and price discovery and, therefore, have a tendency to attract price. Take out the highs, take out the lows. Squeeze the weak shorts, shake out the weak longs. Regards, Dave Scott

Bufferman, My Advice: Go to your local bookstore and skim over Larry Macmillans option book to see if this is an area you wish to pursue. Options are a complicated asset class, and may not be suitable for you. As a licensed series 7,3,66 broker I have seen far too many option...

Sounds too good to be true !!!! Regards, Dave Scott P.S. Remember you can have a good return and high win rate on profitable trades and still be a net loser when accounting for loses. Due your due diligence on this guy. Ask for referrals.

Call the Psychic hotline !! Dave Scott :D :D :D

Kserra, I am also online (some days) at Futurestrades NihabaAshi mirc site. Is the 3 minute chart the only chart you look when entering trades? Do you watch multiple timeframes? Regards, Dave Scott

Tenfly, There are many kinds of stops. Price stops as you describe Time Stops stops based on a most recent support or resistance. swing high or swing low Pivot levels etc... When you initiate a trade it is imperative to define an initial risk level, whatever it may be. I like support...

Tradeguider has a 65mb video tutorial you can watch for free. Gives a decent representation of what the software offers. Regards, Dave Scott

Perry Kaufman Trading systems and methods 3rd Edition Chapter 14 Behavioral Techniques He also footnotes several articles in Stocks & Commodities magazine. Regards, Dave Scott

Tango29, Excellent journal keep up the good trading. And thanks for the response. Regards, Dave Scott

good support at 41.50 market lost steam to the downside. stops at 41.40 . good intradday trade. Best Regards, Dave Scott

callmeput, I got involved in astrofinance about 10 years ago. The study of all these subjects literally drove me to a nervous breakdown. I quit trading for 3 years afterwards. I suppose you define astrofinance as Gann, Elliot wave, Fibonacci, etc.....All subjects which seek to divine...

What timeframe are you watching on the Bonds. 5, 15, daily charts to base your support and resistance on. Thanks, Dave Scott

Just a breather for the market. The market should find support at these levels 1120-1130. We will probably consolidate in this range for a while. Very high probability the market will retest 1155 in a week or two. Next swing up!!!! Regards, Dave Scott

nkhoi, Nice Chart. Is there usually such a nice correlation between the stocks and futures. The XAU definitely gave a much earlier and cleaner signal to trade then did the futures Lower risk entry at 425-430 risking to the the high 432? Thanks for that bit of info. Best...

marketsurfer, Is this a daytrade or position hold? Is your objective on the downside 390? Looks Good! Dave Scott

Pspr, LMAO :D :D :D :D Dave Scott

NoMoreOptions, All U.S. Presidents want to have a strong economy. If not, they get a pink slip after 4 years. Regards, Dave Scott

Omcate, Maybe the Canadians should diversify a little in their exporting countries, and not rely so heavily (32%) of their GDP to the U.S. Your statement: "Now Canadians Can Blame U.S. for Manufacturing Woes" because of a news report on a small boating manufacturer, when the U.S...