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This is a good breakout method, nicely detailed and workable. The in-your-face, anti-establishment attitude does not negate the efficacy of his method. While he may not end up being your friend, his method can work. And with the $200/day you can make off of it, you can buy yourself a friend.

Millionaire traders are made in these bubbles when they expand and when they pop.

Just wondering, but does anyone ever try hedging their longer term e-mini positions with another position in a similarly related e-mini? For example, going long 10 contracts in NQ, but only short a couple in FE? Or short ES with a small long position in ER? Obviously this isn't for...

Looking good surfer. If you don't mind, could you go over (perhaps in another thread) how you went about setting up your hedge fund (a primer if you will)? Or is it a CTA? Anyways, I'm interested in your trials and tribulations as the next natural evolution of a successful trader.

Incredibly easy day. 7 point range on the ES, very little risk except overtrading. A little gap up, but otherwise it consistently ranged between obviously known values. After the Initial Balance in the first hour was known, the Upper Value Area and the Lower Value Area were each hit something...

I wouldn't even say that price was supported so much that price could not be driven beyond that point because of lack of interest. At that particular low, volume and activity dried up.

Ah, but you ARE making a market whether you want to or not. We are, for all intents and purposes, electronic pit traders. We are all searching for some sort of edge that will help us ride the coat tails of the long term, big money players. Whether its scalping between support/resistance (ie the...

Now you’re simply talking around exactly what I’ve already laid out. As a short-term player, one is not concerned with actual fair value, one is concerned with MAKING A MARKET for said long-term players. Traders simply run back and forth between the buyers and sellers finding those areas...

While I agree that MAs do not in and of themselves form price barriers/support, I think they are representative of mean value. Buyers and sellers have differing opinions on what is a good "buy" and what is a good "sell." Moving averages are only a rough representation of what market participants...

Another way to look at it as well, is that the low was roughly the 5day Average True Range (or some other measure of average intra-day volatility, take your pick). Price initiative was not motivated enough to push lower than normal.

It is simply reversion to the mean. The markets are not some nebulous, mindless entity; they are composed of market participants who are seeking some price advantage. The short-term scalpers and the floor traders provide the market liquidity (ie making a market) which results in the tight...

Controlled selling followed by a gradual short covering rally all day long from the professionals who carried over the weekend (as evidenced by declining Open Interest). The drift down was due more to lack of buying interest rather than motivated sellers. Selling interest and volume at that...

There is a reason why the close is so significant, its not simply a mindlessly reiterated maxim that "Amateurs control the open, but professionals control the close." The close is the value that those who have the wherewithal, the money, and the guts to take positions OVERNIGHT. For the...

See, I don't know about that, though I've heard of such a regimen. I think the idea is that you want to induce the body's metabolism to hit that fat burning stage quicker, consuming the fatty triglycides at a faster rate than normal exercise, but you're sacrificing your muscle protein by keeping...

Indeed, first there are those who are genetically inclined to have abs showing. Secondly, one needs to lose fat by inducing a negative caloric balance (ie lowering total input calories by eating less and subtracting calories expended by exercising). And then by actually developing those abs...

My understanding is that it is more profitable to engage in cardio exercises AFTER engaging in weight training. Your muscles would be in a catabolic state, ergo they are cannibalizing themselves for the much needed protein. Lift weights, protein shake, then run. I used to work out twice a day...

I'm starting to swing/position trade more. You can catch more of the meat of a trend that way, imo. For example, I picked up some ES longs the day before ES broke above 1000+. The gap and the upward range extension, at one point, had me up over 20pts. And then the damn thing had to reverse and...

I have six pack abs, not yet achieved male model physique, but they're definitely showing.

Has anyone actually ever implemented a purely mechanical strategy that they designed/backtested and then sent to a purely robotic brokerage (ie strategy-runner) without any kind of discretionary input and let loose on the markets? Your strategy works, or it doesn't. Takes all human emotions...

I frequent that room. Occassionally I post my ES trades, though not as often as the other regulars.