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Thanks Porgie, But I thought you did scalp trading like I do. Or do you jump in and out riding the trend? Just asking... 4re

WHAT!!!! I just congratulated you for staying out of it today.

You were smart. Never trade if you are nervous about it. Maybe that was my problem, I wasn't nervous about it today. Good luck tomorrow. 4re

Welcome Chris, Please do the right thing and remain on the sidelines until you have really studied the markets. Very few people can actually make money doing this. You can always sign up for e-signal and simulate your trading to get your feet wet but that can also give you a false sense of...

Haven't actually worked it out the you did. I thank you for that. Doesn't look too shabby does it. People just don't understand the power a 2 point gain can have on your account. Especially when you don't withdraw from the account. Thanks, 4re

Hey Sandy, I was using my same S/R method yesterday and it was working like a charm. But the BB method works great as well. The YM has less whipsaw action and is much cleaner to me. It reminds me of trading IBM options. And since IBM is a bag component of Dow it seems to make sense to me.

K-Rock, You were right and I should have sat and watched today. Be back tomorrow. 4re

LOL...they already did...Stayed with my plan and lost but will be back tomorrow.

Don't like all this whip saw action today. I think I will stay on the sidelines for the rest of the day.

YM Testing is looking pretty good right now just trying to get a feel for it. I have been doing some live simulation after I am done trading the ES. Yesterday I had 6 trades and 5 winners.

Yep, I took the 68.50 long and lost 2 points on it.

FYI: 1268.50 is a good resistance level for long.

BTW, ES M6 is getting more volume than ES U6 right now. Since they are tracking the same I will be switching to new contract today. Fundemantal Tid Bit: Usually when our American Forces catch/kill a big target the market tends to rally. So if we go up today thank Al-Zarqawi. 4re

My first short, if it comes up will be 1260. We are pecking around the 1264 mark right now which was my first short but I want to see the open to be sure. GL to you, 4re

Good Morning Ben, You are right about my selection of minor S/R levels. I am just looking for close S/R levels that will provide 2 or more points of movement. Sometimes my calls will be at a major level but I don't plan it that way it just happens. As for how far do I go back. I will and have...

Here are my numbers for tomorrow: Please be careful and maybe just consider going for less points for th enext week. First sign of fear, bailout. I will probably be going for 1.5 points for the next few days. This chart is for the new ES U6 not the ES M6... Long 1272.50 Short 1264...

I don't know. But I would imagine that it will be before we get up in the morning. But with out being too biased I will just be looking for the short set ups and be more confident when they come up. Since we are daytraders it is not as important. For people that hold long positions it can have...

If I were you I would switch between the two charts and see which one has the most volume. Just make sure that your charts line up with your platform. The two are different by about 10 points which would screw you if you are wrong. Be careful.... 4re

K-Rock, I did actually trade the last switchover from the F6 to the M6. I found it kind of easy and very tradeable. One thing about trading breakouts is that there are other types of breakouts besides just S/R. There are pennants, flags and wedges. These are a little more specialized when...

I was thinking next week was the actual swtchover. Triple witch day. My profit charts are showing the S/R levels already. I'll post them soon. Thank you, Lamont. 4re