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Okay i'm gonna go way out there, this is a disclaimer... i'm just taking a stab at this... Since the ES is traded only on one exchange, all the info in time & sales can be derived from monitoring the current bid, ask, and last trade (and of course, the time). IBCharts is a free program...

I use the 3.5 day trend, which may reverse during any particular session. I only take trades in the direction of this trend. Sometimes it's neutral, in which case i'll either stand aside or trade if something's there... all depends on the situation.

How about this for a possible explanation: You decided to hedge, you knew it was the right thing to do. But you've been listening to the Dems bash the economy for some time now. They have you at least wondering. Jobs report... it's going to be pathetic... the market's going to tank...

As you can see, the NQ just gapped up 20 pts about 5 mins after that post about not holding the swing contract. The trading gods mock me. :D Still, i'm not going to hold overnight if there isn't a little room to work with.

Roger that. However with regard to the longer term charts, like yesterday's 2000 tick entry, I felt like I could have got in sooner at a much better price. I waited for the entry via with system but it felt like I was chasing. I think I should jump down to a faster chart, when I see an entry...

Thanks again Ditch for your comments. Re: exits, I was on the simulator with this puppy for about two months. I found that I did much better in the long run with discretionary rather than fixed point targets. Not just the swing contract, but also the day trade contract. Yesterday I had...

I've been thinking about this all day. This is a great suggestion... add a little ambush, to the ambush. Here's what I have so far: On the 200 and 300 tick charts, I can't think of a way to change the entry that reduces risk, since the bars I take on these are only a few points long...

I think these days most people don't know what's in their fund, maybe even what vehicles are in the fund, or that behind it all there's a trader. Manager's track record?? Fogettaboutit.

Whether the trades are independent or dependent depends on the method and the time scale. Anyway, it's easy enough to calculate the probability of a win, following a win, vs. following a loss, and answer your own question... Ever heard of adding to your position if the trade goes the right...

Hi Ditch, The entry I am using is a breakout of the previous bar. It is priced based only. The 'previous bar' is a pivot low or pivot high. It looks the dots in your chart include this case plus more (?) This basic entry (3 bar pivot) is filtered by a few indicators (so I don't take...

Not looking good for Mr. Market so far.

The stock market is quantized in pennies (0.01) just like money. The SPoos are quantized in 0.10 and the ES in 0.25. Time in the market is quantized by individual trades. What's the big deal? The heart of QM is modeling nature with waves and govering their dynamics with a Hamiltonian. Not...

lindq, how do you work your exits? I will exit if I see a reflection off some serious S/R, but I also keep an eye on the trend. When the trend turn against me I will also exit. Usually I exit half of my position at the first sign of trouble, then again at the next.

The bottom we just had around 1300 was the 50% retracement from the August 8th bottom around 1200 to the September 18th high around 1400. Using the "higher highs and lower lows" definition over this time frame we are still trend up.

My mid-term (3.5 day) trend indicators turned *up* today. I tried to get long, will try again tommorow AM. Subject to change with tommorow's AM action.

I stopped out both my attempts at getting long today (marked on the attached chart). In the first trade price dropped below the pivot low. Taken out by a tick. One of the true joys of trading the NQ. I continually gatheri statistics on this effect and on my stop placement in general. I...

Supposing you are forced into a trading room on a desert island, deserted except for one "Mr." whom you get to choose. Who would it be?

Maybe these folks would be interested in seeing plans for The World's Smallest Violin.

Just a couple of paper cuts for me today. That's what I call my numerous small losses, averaging about one NQ point per contract. Trend down all day. No decent pullbacks on the early selloff, but after the bounce off 1305 there were two short signals on the 300 tick. I took both entries...

Don't the Eastern and Australian stock markets open in the evening EST ? Not sure of the exact hours. I think the German stock market opens 3am EST.