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one winner..one scratch on the russell...done for the day...

agree Porgie...my trading instantly turned around since following his advice....besides you can't argue with a man who is able to trade 60 to 100+ contracts successully on a consistent basis, and who will show you his own p&l....the proof is in the pudding

Jimmy- I started watching this thread....much thanks to 4re....in an effort to add a lot more trades to the number of trades that I normally take per week....so as of right now I'm trying to get a variation of 4re's style of s/r trading consistently profitable first in DEMO (I use...

4re- The Russell pays $10 per tick (0.10) or $100 per point...I prefer the russell because the spread is much smaller per point than the ES or NAS..therefore, I can usually go market when entering or exiting.....also, "in my minds eye" the russell just appears to trend better than all of the...

my levels for Erussell have not been hit still long above 745 still short below 706 thought I'd add a P&F chart for a different perspective on the s/r levels......I often use P&F to confirm my visual analysis of the bar chart...

if it ain't broke...don't fix it....:)

Actually, I'm a member of tradethemarkets......Hubert's advice has really improved my trading.... I look for medium-to-high pit noise BEFORE the breakout, and I want to hear it remain medium-to-high after the breakout...if the noise level is not adequate, I will either sit on my hands or fade...

Sandy, I do not use pit noise to tell me whether there is buying or selling.....although the pit announcer will often call out whether the major players (merrill lynch, goldman, etc.) are doing aggressive buying or selling....I use the pit noise to tell me the "INTENSITY" of the crowd in the...

I have a saying... you're not trading chart patterns or indicators.....you are really trading order flow (the flow of orders by the institutions).....

I use tradersaudio.com with Ben Lichtenstein...imho..it's a MUST for daytraders......once you train your ear for what to listen for, you can usually gauge when the moves are real (institutional buying/selling) or fake (locals only in the pit)...in addition, it's most value is in gauging the...

4re....you can't win 'em all...you're still awesome.....I agree...avoid revenge trading at all costs.....even if means taking the rest of the day off........

fwiw....you guys might also want to try listening to S&P pit noise...it brings a different perspective to trading and is the main reason why I have a high percentage of winning trades...there were big sellers this morning off the open.....

My S/R numbers for the E-russell: Long above 745 Short below 706 Any comments greatly appreciated......

4re when you take second/third entries off of the same level, how far do you want price to pullback before taking the second/third entry? For instance, for the a secong Long entry at 1275, how many ticks would you like to see price fall below 1275 before you reset the trade for another...

4re- you are the real deal....I'm glad I got in on this thread on the ground floor..... If you're not wealthy yet, you will be...I have no doubt.... I hope you don't mind if I ride your coattails to the top....:)

since I primarily trade the emini-Russell, I thought I'd post some levels that I found for the emini-Russell that are setting up for tomorrow...... if anyone esle sees additional s/r levels please let me know...... once again thanks to 4re for this forum :) long above 733.00 short...

Do you guys and gals use "S&P pit noise".....I have found this to be one of the most powerful tools in a traders arsenal... it allows you to gauge whether the breakout is real or not in most cases.......

forgot levels.... long above 1278.25 short below 1273.50

nice journal you have here 4re... what do you think about my levels for es today?