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wow

Well said JmJ!!

4 out of 5 singers never get a record deal, 4 out of 5 basketball players never make it to the NBA, etc ,etc. Should they just give up also? Some people really love the game of trading, solving the puzzle each day and getting paid to do it. If it was easy then everyone would be doing it and...

4 out 5 businesses go under in the first year also.

More buyers than sellers. Macro guys are in it for years not days, they are not selling their shares from fear anymore. Bulls thought the market was rigged to the down side in 2007 and 2008.

Obamanomics!

Oracle, I don't think you can get in the room today if you tried. Try to logon and you will see. You were voted out of the room.

Just in case you did not know, chaos is the real deal. He calls out all his trade entries and targets in his trading room. It's crazy that people are taking advice from Oracle a guy who has a magic indicator and switches from sim trades to win trade every other trade. Chaos only income comes...

Oracle, are you selling your magic indicator?

Come in the following room and I can show you. I'm mikem in ChaosNsx trading room. http://www.elitetrader.com/vb/showthread.php?s=&postid=2273910#post2273910

Intraday swing highs and lows. And globex high and low

I don't because I can't predict the future. I have to place some trades near the edges of the range to see if the range expands. I usually know after 1 or 2 trades. You could also wait for the globex range to expand. For most traders they have a feel for it and it's hard to explain with words.

Take the money on the way up and when it does break take the money on the way down. No need to pick the exact top or bottoms. When ET is bearish you should be bullish and when ET is Bullish you should be Bearish. If you can only make money in a bear market something is wrong. I know you make...

spd, how you like today?

It's not common, we had big trend day on Friday and today was consolidation day.

You have to accept letting winners go against you when you are trading for points and not ticks. 1-2 big winners will cover all the small scratches for the week. For the way you trade, NQ or CL would be a better fit. I trade like you and traded ES for about 4 years then moved to NQ and the...

Good for you.

It happens, hard for the mind to make decisions with conflicting information and data overload. I have found 2 contract max is good for discretionary trader. If you trade a system, you can follow a lot more markets. What are you trading?

Good point.

From great basketball players, chess champions, poker players, race car drivers, and great traders , they all love the game more than the money they earn from playing. If you do it for the money it will be a strain or struggle for you. Do it for self mastery and one day the money will come easy.