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Don't contribute any success to luck unless u don't know what you are doing and are just placing trades without a plan.

I'm not trying to figure anything out, I was helping Luke understand today's action so he won't short that type of action again

Well, you trade off indicators and TA from what I understand, and I trade off supply and demand imbalances. 10:10est 1 min bar, and 10:10-10:15est 5 min bar show too much strength for a normal retracement before more down. Between 10:10 and 10:16, 6 of the last 7 1min bars were upticks...

The reason why I asked u why u shorted was bc u shorted exactly at a strong reversal pattern set up. Learn it and u will avoid shorting something like that in the future

Tough loss Luke. May I ask your reasoning for the short ?

Why would u assume that seeing as though 24's were sold off twice premarket ? I know we have pushed down somewhat already, but my bias was down at market open.

Good thing I don't do this for a living (sarcasm)

Was really hoping this wouldn't retest 1917. The selling pressure back to 1915.25 was weak, and the reversal back up is also weak. Doesn't look like any good trends are in our afternoon future.

A bit of stats for u mean reversion traders based on 1hr Rth data ES chart: Wednesday we were about 12 points above 20ema before a minor sell off. Thursday we were 9 points above 20ema before sell off Today we are about 8 points away from 20ema

For arguments sake, I even think in this low volatility environment, u can risk 1-1.25 points to go for 2. Requires a little bit more pinpointing of supply and demand structure, but much more doable now.

Gru, people want to see u fail here. That's why they are so negative. They perversely like it. If u want to achieve this goal, best bet is to do it privately. U will attract lots of haters . Ignore everyone that says u can't do it. 1 or 2 losing trades is not indicative of failing at your...

Pinkmans successful strategy is there is no such thing as downside risk. Works quite well.......until it doesn't !!!

Lol

Let the pressure build for the big one!

What is an edge? Edge is defined as a quality or factor that gives u superiority over your competitors. Barry bonds taking steroids and hitting 70 home runs was an edge. Do any of us have access to information that the likes of Goldman doesn't have ? Probably not so therefore, neither of us has...

U do realize ES trades in .25 values, right ? Why are u ignoring them? Entering between 26-27 and exiting between 31-32 means we don't know whether u got 4-6 points profit, which means u also don't know. Which therefore means u are keeping inaccurate records of your trades. Which therefore...

What time frames do u trade ? Do u make money trading ES or are u just learning ? Thanks

I was thinking the same thing a few days ago. NoDoji seems intelligent in terms of trading, but calling out actual trades is another story. Id like to see some real time trades if you are going to continue to preach to the masses.

Just added to my long @98.75. So far I'm long @97.25 and 98.75. Still looking for 01ish

We are looking at similar confluences. I would compromise with 1702, but to each his own. I don't randomly short these areas anyway. In addition, after the major reversal we saw this AM, I would be inclined to say that all shorts would be off the cards for quite a while unless PA starts...