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Don't be, your commentary keeps it interesting in a thread that would otherwise only have a few posts per hour.

Hey mbusch, you always seem to be able to catch the lowest/highest tick possible on your entries. I'll use volume on the 1-min chart to see when volume goes 50%-100% higher than the surrounding bars to make my entries once in the S/R zone, but thats about it. You got any tips you wanna share?:)

I'm 20 and use MBTrading which has similar pricing to IB. I had a margin account 'til I broke the PDT rule (pattern daytrade rule)... now I stick to the futures for trading.

If 1560 resistance holds up and this assending triangle (not sure of exact technical term) breaks, I show us heading back down... target of 1408-1412. If it breaks out above 1460 though I expect a pretty fast paced runup to 1479.

I know exactly how you must feel right now. I'm 20 and remember my first day trading the e-minis around 7-8 months ago, and wow, what a rush it was! Most people our age make $15 an hour, so making 10+ times that in such a short period of time I know is one of the best feelings. :D...

I haven't been able to trade, but its nice to see this zone is very valid.

I like 1456-1460 as a short zone if it looks like a reversal is in the making. Just above Fridays high in SPX (but not ES which was 10pts above fair value at 9:40), plus a matching 61.8 fib (last big rally ending 8/08 turned at the same level... similar size move aswell) Through that and I...

I'm looking to see if we can get a little rebound up to 1427.50 to test the trendline that has rejected the 3 past rally attempts. It feels like stepping in front of a train, but the trendline has a pretty good track record of shutting the bulls down so it seems worth the R/R to get short there...

Bah... give or take a couple hundred :p (woops... made the mistake of disregarding the hundreds place since the ES was so accurate) ES was mighty close though, good call by Synic still.

LOD is ES = 1374.50 and even more amazing- LOD in YM = 12755 :eek: :eek: Brilliant smilingsynic! I'm going to start paying more attention to these measured moves!

Does anyone ever use closing prices for this? Close of High bar = 1560 Close of Low bar after drop = 1455 1560-1455 = 105 Close of swing high = 1505 1505 - 105 = 1400 ... which is right around where trendline, fib, and february high support will be for Dow aswell.

Stop raised to 1434.00. Unable to gauge price-action so I have a sell at 1444.00 aswell.

Well its still only a 2.25 point stop and I have my sell order at 1458. I'm liking the risk reward. I'd be stingier with my stops except for the fact that I started a job/internship and am unable to day trade... its just put the order in at night or before I leave for work if theres a good...

So glad I lowered my stop to 1423 before I walked out the door. :D

:p Damn, thats the second time I've typed that in this thread. At least I got the order right which is what counts haha. Good lookin out though :)

Yawn, morning all. I see this level held overnight, so I'm in at 1425. Stop in at 1523.50.

Nice trade MBusch. I take it you saw the 2700 at the bid at 1525 and weren't trying to call its bluff? :p

Check out the MACD on that graph... last rally after Feb 27th had less strength than before it. Sell-offs gaining more strength aswell. It appears as if we're setup for 1 more rally to highs though before the big downside comes in.

Hey everyone, I've been studying and trading the e-mini index futures for around a year and have gotten comfortable with specific setups and a general strategy. Unfortunately, just as I'm gaining traction, I'm no longer able to trade during the market hours because of a job/internship (I'm...

With most of the market being hedge-fund versus hedge-fund these things are invevitable. Somebodies gotta be underperforming if somebody is outperforming... so whos up 20% YTD?.... although it is kinda nice to see some of the smartest guys in the world down BIG $$$ :D