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Say across a span of 100 trading sessions, is it possible for a master ES daytrader to consistently capture one-half of the daily range after costs with a low risk of ruin? Please share your thoughts on the possibility.

I'm sure many here have already tried it and I was wondering if you could share your thoughts. The only S&R levels I pay attention are on the 30min timeframe and higher. I watch 30min, 60min, 120min and daily. The entry and exit chart is 5-min. Now, let's say there's a confluence of...

Not with daytrading in my experience. I pay attention to volume only on the 5-sec chart and that's after I've already decided whether I want to buy or sell. I use it as a type of zoom-in feature, where instead of simply going short at previous resistance, I'm looking for some action at...

Yes, I pay attention to volume. On retracements during a trend, I'm looking for short-term volume clusters and spikes near soft S&R on the 5-second chart to enter a trade. Once price arrives at a major level (30min+ timeframe), I'm looking for the same volume clusters and spikes for a...

Looking for 821 if we can actually get below settlement.

I can't believe the bids just evaporated like that.

Nice. Picture perfect.

LOL

This matrix supplies the probability of ruin (a 50% drawdown) given your winning percentage (horizontal column) and the average size of your winners to losers (vertical column) after 100 trades. A system with a 55% winning percentage with 1:1 W/L has a higher ROR than a system with 40%...

Do moves of these nature ever become obsolete?

f**king hell. nice trade!!!

If you can learn from your mistakes and apply the lessons, it'll be difficult to fail. For each unprofitable component of your trading method, it'll take a few bad trades before you identify the mistake. Then it'll probably take a few more bad trades as you make the same mistake anyway...

Thanks.

Guys--When you post about how today is a low volume day, are you going by the size of volume bars or the feel of the tape?

As you know, it's common to see spikes or drops of 5-10+ points on the screen instantaneously when a key economic number is released. What's happening in the pit in that moment? How can open outcry handle something like that?

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It wasn't a month ago when I checked.

I can't run X_Trader at home as it isn't supported on Vista. I was wondering whether it has detailed reports such as the MAE/MFE/ETD for each trade, overall profit factor, etc.

Cool, thanks.

If this is what constitutes a choppy day, I welcome it wholeheartedly. I dread the last few years where "chop" meant a 5-point intraday range.