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Before we get too far down the road with other charts, here is the next 10 bars of the chart. Shorties got it right. http://www.ttrader.com/mycharts/display.php?p=41606&u=wareco&a=Wareco%27s%20Chart%20Reading&id=1774

A major 100+ home and lot auction in S.W. Florida a bust. http://www.news-press.com/apps/pbcs.dll/article?AID=/20070124/RE/701240443/1075

http://www.dslwebserver.com/main/fr_index.html?/main/lcd-screen-burn.html

OK people, next chart. Does this puppy continue to the downside, or do we get a retrace? Should you go long, short, or flat for the next 5 bars, and give your reasoning. http://www.ttrader.com/mycharts/display.php?p=41605&u=wareco&a=Wareco%27s%20Chart%20Reading&id=1774

Anybody interested in continuing, or do we drop it?

It did in fact trade higher over the next five bars, after a few ticks lower as you predicted. Nice call. http://www.ttrader.com/mycharts/display.php?p=41604&u=wareco&a=Wareco%27s%20Chart%20Reading&id=1774

And the reasoning?

Let's continue with this chart. For the next 5 bars, Long, short, or I haven't got a friggin' clue? http://www.ttrader.com/mycharts/display.php?p=41601&u=wareco&a=Wareco%27s%20Chart%20Reading&id=1774

Here's the next 5 bars. Did you get it right? http://www.ttrader.com/mycharts/display.php?p=41601&u=wareco&a=Wareco%27s%20Chart%20Reading&id=1774

OK, let me add some more context to the chart. What say you now? http://www.ttrader.com/mycharts/display.php?p=41600&u=wareco&a=Wareco%27s%20Chart%20Reading&id=1774

Well obviously you have a 50-50 chance of getting it right. How about some reasoning behind your choice? I'm looking for some discussion, not just a long/short prediction.

I thought I would post part of an intraday chart and allow posters to predict/discuss whether to go long or short for the next 5 bars. Later, I'll post an updated chart showing the successive 5 bars...

Yeah, well your about 20 minutes late with that post.

Your profit target was 1/2 point, but your stop loss is 2.5 points?

Its not really a teaser rate unless you intend to trade less than 4 contracts, assuming the minimum acct. balance is $2,000. If I have $5000 in my account, then a can trade 10 contracts with $500 margin. If someone can't come up with $2,000 to open an account, then they need to go back to work...

JJ, it was obviously joke due to the SN of the previous poster, BruceLee. Get it? And your re-posting of my admittedly OT post, has exactly what to do with strategy development?

I agree. I am liberally using the ignore button on those frequent posters with no substance in their posts.

This Bruce Lee would know that.

What I meant was what led you to believe the longs had a 100k contract advantage? I run an Esignal efs program that plots the cumulative Bid-Ask for the ES throughout the day. From the open there were more contracts at the Bid than at the Ask. That never changed. By 10:45 or so 50K more...

What are you referring to?