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brought stop to 67.75, dont want to get trapped in a double top here...so will rather lose the trade than losing money - since officially i shouldn't be trading ES live. Edit: stopped at 67.75....probably not the smartest way to play, but i will rather not lose.

market didnt go beyond LOD, rather it has come back and exceeded the previous swing high....classic sign of strength. My stop is below last swing low. Also, market didnt sell off immediately after touching 68.75....suggests to me that level is losing importance at the moment.

long 1167.5, stop 1162.5, target 1172....Live trade

out 66.25, after i saw the price breaking down, i chickened out. although in the end i might very well prove to be correct Anyways for my sim trading record, i will consider this trade still on. After I have some stats on my sim ES trades, I will have more confidence to implement them with...

long 1166, stop 1159, target 1170 or 1172 - dont know Edit: I am up decently on euro trading for the day, so this is a live trade on ES - as I think its a high probability shot. We will see.

switch to IB.

Beautiful Trade. Definitely credit to CrazyA, but credit to you as well since you actually sat through the position on large open profits for more than 10 days!

what was that !!!! es puked at 4 sharp ! why ? does anyone know what market microstructure could be behind such move, unless it is some news.

you taking off for next 3 days ? going out of town i guess!

I read it twice...thanks for your observations and commentary. I agree with everything you said. Especially true about computers trading on numbers and about different instruments part. Thanks.

will be very happy to hear your counter-arguments. If you can convince me, it will make me a better trader....otherwise i will refute your counterargument with my arguments. Please write whenever you have time....no need to do now if you are busy trading.

Yes, ultimately its based on feel. You must have enough screen time and feel before you can swing in this way. Also, two very very very important things - 1. I urge you to please not worry about losing 10 points on 1 trade, you have to worry about being overall profitable after doing 30-50...

good analysis and very well said....however i will counter all of this (and this is not that I am defending my position due to my ego, I personally strive to be as ego-less as possible in my trading. I genuinely believe what i am writing is true). This may not apply to this trade in particular...

DOM skew -6k ...wow havent seen this before....but price still not going down .....it seems we will break either up or down in a violent fashion.

no concrete definition, just a feel thing - however that is not key. Key is (not only in my opinion, but I have full confidence on this) that I am risking 8-10 points for a multi-day swing on which i stand to make 20-40 points. Based on the amount of backfill ES does, its a no-brainer that...

we are too oversold on a multiday swing, we should cross 1220 easily.

methodical analysis and fair points. however i will still take the long trade now, because i am willing to hold it overnight over multiple days (all in sim though....haha)

why wait for price to go up 5 points and then buy, just buy it now and put a large stop like 6-8 points....most likely you will be ok, if and only if your directional feel is correct btw, i think we are going higher too, but what do i know:D I am taking a sim long at 1183, stop 1177...

in my limited experience, sometimes it persists in one direction for more than 2-3 minutes and then usually price goes there. when i typed DOM skew was +ve for more than 2 minutes....however price didnt' follow through...so you have exceptions as we witnessed.

currently DOM skew +3k Edit: +1k now 2nd Edit: -4k now.....lol