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The move at about 12:10 was a classic bear trap/continuation pattern. If I were still trying to achieve my goal for the day I might have been a victim; however, there were warning signs (divergence, etc...), but more importantly after it breached 1258 I would have surely reversed to the upside.

This is off topic but you can refuse to take a breathalyzer. That's why they ask.

This is a high stakes game of hide and seek. Rules and tactics are constantly changing. IMHO the New York Times reporting about the NSA's activities is solely for political/propaganda purposes, because it's all OLD NEWS and you guys are taking the bait as usual. For Example: February...

Are you guys really that dumb to believe all this hype about the New York Times revealing secret information for the first time to the American public and the world. If you believe the terrorists are that dumb we are in a world of trouble. Did you ever see the Movie "Enemy of the State"? The...

Here is another one: Futures market opening bracket trades http://elitetrader.com/vb/showthread.php?s=&threadid=69979

It seems like recent predictability perceptions are based on the timeframe(s) you trade.

I did it all. After reinstalling Windows XP it would run a lot faster; however, eventually within two weeks or so it would slow down to pre-reinstallation pace.

Do you work for the NSA?:D

Only time will tell.:D

Please explain?

Interesting link: Microsoft, meet NSA http://www.brownianemotion.org/2006/06/13/microsoft-meet-nsa/

Since 9/11 it seems like my computer and internet connections are getting slower each day. Even despite the numerous upgrades I have made to my systems. Additionally, as a result of recent news about the NSA spying on American via phone records, internet cookies, and banking transactions I am...

Another approach is to simply reverse after a failure to follow-through. IMHO it's common to get caught in a bear or bull trap every now and then, but the important thing is to recognize it and take the appropriate action (reverse or stop out) before it's too late.

It looks like you were short when price broke to the long side. Hopefully you reversed when it breached the lower high. Using a oscillator could prove to be helpful. Since prior to the breakout there was divergence; so, there was a warning (momentum on the short side was drying up).

Currently, my charting platform, eSignal, doesn't have momentum/range bars, but when they are available I'll determine for myself if they are useful to my trading.

I use constant volume bars and minute charts to daytrade. I personally like the constant volume bars because the price action (HH-HL, LL-LH) are cleaner to me. I stop using tick charts after Globex changed how they are aggregated; therefore, they will never be consistant over time. just my 2...

IMHO, at this moment, price will be range bound until it takes out 1251 or 1257.75 (ES) and hold. So you should look to higher time frames to help you determine wither to have wide or tight exits/stops.

See the following web page (scroll down to "Momentum Bars") , but more importantly use the search feature (top right corner). There are numerous threads about this topic. http://www.ensignsoftware.com/tips/tradingtips49.htm

I knew it!:eek: Bank Data Secretly Reviewed by U.S. to Fight Terror WASHINGTON, June 22 - Under a secret Bush administration program initiated weeks after the Sept. 11 attacks, counterterrorism officials have gained access to financial records from a vast international database and...

Yes ES!:)