If you are looking to trade trends, don't look at anything lower than a 15 min. 15 min, hourly, and 4 hr are your friends in ES.
If you are trading reversals or congestion / chop, you might need to filter down lower.
Was talking to a few trader buddies of mine. It was pretty convenient timing over the past month and change when ES was getting ready to push down, and a nice convenient Trump Pump announcement comes in to send the market to the sky when there was a lot of stops to get run. That adds to my...
B/c in this extended rally, I'm not tick fu#king for 2 points. I'm looking for 10-40 point moves. When volatility calms down and conditions change, my trading plan changes. Reason why i've stayed in this game so long successfully is b/c I adapt to the price structure.
And the only big dumps...
Not trying to criticize, but whenever i see you post looks like you're fighting the trend by going short. Is this working for you ??
Thats asking for trouble in this manipulating fed buying environment. Hell, I've changed my strategy around so that when the 240 or 60 min charts are trending...
we must be the only ones trading b/c i exited my long there at about that exact time. Wish I had the fortitude to hold to new highs but I need to get some sleep.
Lol ES goes another 40 handles straight up during day session and this joker losses $60 scalping MES.
The question is, will idiots ever realize they are idiots ?
Topstep is a total scam. Their daily loss limits on the $30k account is $500 which is a max 10 point stop on ES. $50k account thats 20 points ES or 10 points x 2 contracts. Thats way too much of a handicap. Many pros through the years have said this.
So you are forced to have picture...
You're seriously scalping MES on a 1 min chart AH ? LOL. You are wasting your time.
ES went straight up 30 handles from pullback to when u finished your last trade via that screenshot, yet u fought it all the way up and lost money ? You dont see a problem with this ? Not trying to be an...
whats your plan here ? We just finished wave 5 on the hourly. Based on how strong this is, shit, it could go either way. My trading plan only allows me to place buy orders in price structure like this. But I'm going to wait for an extended retracement
Don't scalp the MES. Commissions are too high relative to tick value. Very very difficult to make money. Trade a higher time frame, place stops 10-20 points out on MES and go for higher profit targets.
if you are going to scalp, its gotta be ES due to commission structure. If you dont...
Fort Lauderdale beaches definitely closed. I have a condo on the beach I rent out AirBnb. Drove over there for some weekly cleaning.
On a side note, I never thought I'd have $0 in business on a beachside condo in South Florida....and I have 2 of them.
So have all the bears over the last month, but nobody wants to get in front of the feds printing. So while a nice little drop would certainly be nice to pick up some more cheap longer term stocks, who's brave enough to get in front of this train ? not I