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Hey Steve - Glad to see your experiential confirmation (to a degree) on pivots. I'd like to hear a bit more about how you use them. Personally, I look for divergences around pivots to give confirmation of their ability to reverse or stop the trend, i.e. the combination is stronger than...

On your backtest, what did you use for exit when profit target not hit - MOC? Or did you hold (overnight if necessary) until either PT hit or contra signal given?

I guess it depends upon your definition of morning. :) Most would consider 12:00 the end of the morning, at which time, the YM was at 11347, which was down 25 pts from 9:35.

What's the exit, other than hitting the profit target? Is there a stop (fixed or trailing), or just exit at the close (if this only takes day-trades)? Or does it hold a position (overnight, if needed) until either the profit target is hit, or an opposite signal comes up? If the latter...

So are you proposing to have a running bracket trade that's set to sell 10 YM ticks above the 1 min close 2 minutes ago, and buy 10 YM ticks below the 1 min close 2 minutes ago? The entry bracket would then adjust up on bar with each new minute. One reason that indicators work poorly for...

KyivTrader - In my recent read of "The Disciplined Trader", I highlighted that exact paragraph as well. I recognized when I used to have that fear, and now I don't. That exact turning point (a couple months ago) created for me the difference between winning weeks and losing weeks. I think...

Oh, man....your posts are the best part of my trading day! :p And your market calls aren't bad either. :D Sandy

Hi Gary - Thanks for asking about me. I do check in semi-regularly, but I'm not really doing the S/R breakout trades like you guys are doing (quite successfully, I might add). I've learned a lot about determing S/R levels from this thread, but still focusing on the divergence type trades...

If the RNG label is correct, would it be better named the "Emasculator". :D

Well, AfricaTrader, if you're willing to share, I for one would like to hear more details on the method that works for you.

I believe he said that his max stop loss is 25, but it's variable (so average stop loss is less). With a profit target of 20 and a win rate of 80% (as he stated), that works out to a very positive expectancy in my book (or 11 pips per trade, using the max stop loss). All I think that...

Bobby - I appreciated reading over your blog on developing your system. How's it been doing since you automated it? Sandy

Tom - 1. TF = Timeframe 2. The nice thing about futures (unlike stocks or options), is that all you have to report is the net profit/loss at the end of the year (which will come on a statement from your broker). There's no need to report all the trades to the IRS. The extra bonus is...

As of today's close, SPX is right at the exact Max Pain point. Based on open options positions, there's somewhat stiffer resistance to the upside than the downside from here (see the attached chart). Sandy

Volente - Fascinating demonstration of your rule of 10. For the move off the regular open, how would you know in advance to measure the 10 pts. from the pre market high (1251 area) instead of the low where the opening move started from (1246.5, which would have given a 1256.5 exhaustion...

NQNQ, Hypo, etc. - Would you mind sharing with us what constitutes the bottom middle chart on this screenshot (the one that runs from 5,500 to 6,500)? Is it some sort of measurement of net bid/ask volume (cumulative volume transacted at ask minus volume transacted at bid)? Thanks for...

4re - I understand the 1284 level (0.5 above yesterday's afternoon high), however, I'm not clear on why you chose 1278.5 for the short. I can see that that level is just below the double bottom from Friday. However, the low from yesterday afternoon was at 1277 (and the overnight low was...

4re - Hmmm.....never thought about TRIN in conjuction with breakout trades. I suppose that if you're riding the breakout and TRIN is spiking at an extreme and reverses (like above 2.0 or below 0.5), then that would be a good point to get off. A good example of a TRIN spike indicating...

4re - Appreciate the reminder tutorial on chart patterns. Can never have enough reminder on these fundamentals that work consistently. Regarding TRIN, I keep an eye on the direction of the 5 min line chart during the day to confirm the overall direction of the market (consistently rising...

Regarding MAs of futures contracts, yes, the near term contracts expire every 3 months, and the vast majority of daytraders trade the near contract. However, contracts are available for trading for up to 1 year in advance of expiration. Obviously the volume is small for the contracts other...