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Scenario #1 played out rather nicely. Looking for 1701 area as major resistance.

I'm looking at a few things here. 1) We continue to chop for another 15-30 mins, and I will go long around the 1696-97ish area with a target of 1701. 2) An immediate slow push down in the next 15-30 mins, I will buy 1694.75 (already have a limit order in) 3) None of which happens and...

stop trailed to 18. Averaged in position @1719. First target 15.25 edit: Stopped out ! Should have exited a tad earlier, but was stubborn. NQ and Euro were holding strong

Short @19.75 1/2 position. Will add with cofirmation down. Looking to see a move to 15ish. Edit: stop moved to breakeven.

couldn't have said it better

If point X acted as support or was a heavy congestion area previously, and now price is moving up towards point X, point X is a possible resistance area. Whether u want to call it resistance or not is irrelevant. How price reacts at this point is what matters and u can use this information as...

Lots of clues that the morning action was going to be a strong push up. Me like !! Pretty easy to grab a few points. Unfortunately, this 94-98 area is very congested due to yesterdays action. Going long towards the bottom part of this range or short towards the top seems like the safest...

out 1/2 at 1315.50, + 2

Long 1314.50 stop 1312.50 edit: removing stop, add long @1312.50 average 1313.50

So are you chasing or is this a legit setup ? I've been long @1308.50 for over an hour, so some movement would be nice !

exit 1323, +1.5

just curious why u chose 20.75 to buy.

short 1224.50 and looking for 1319 uncle is around 1325.75

If you are trading futures and are a profitable trader, then 1000% in a year is doable. Hard, but doable.

If you take a look at the daily ES chart and combine it with today action, it looks as if the longs are starting to give up. Profit taking has begun on a longer term scale (relative of course) and I expect some action to the downside for the next few weeks. Buy Limits set at 1326 and 1325

truthfully I don't pay attention to pivots all that much. Just occasionally on the open but thats it. So far, I'm just laying down basics. Bits and pieces for now. I'll go into detail later when I lay more basic groundwork. In regards to my accuracy, I don't wish to comment and I'd...

on occasion I will use the 5 min chart to enter, and sometimes the 15 min. its almost always one of the two.

first of all, the moving averages are not indicators. Just points of reference. But here is a chart of thursday March 24th, 2011. I chose this chart b/c it has a pre-market uptrend and mean reversion included. Okay.... 1) Look at the pre-market trend up. It doesnt start until...

the blue line is the 20ema. When price starts pushing up quickly with no retracement, price ends up further away from the 20ema than normal. I consider this a standard deviation or 2 away from the 20ema. When this occurs, many algo's start flipping short or selling long positions. Thats just...

All Day Up day Part 2: Lets go into a little more detail in regards to the pre-market trend in determining whether the day will be an ADU day. How it trends is important. The most powerful pre-market trends that turn into ADU days are when the peaks and troughs are relatively tight and it...