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I agree. Price action would have to confirm it before I would take it for a quick scalp.

I'm starting to see divergence on the higher time frames; therefore, I won't go long again (went long at 1281.50 for 1pt.) until price breaks 1284.25 and hold. I won't think about shorting until price breaks 1277.50 and hold.

Could you please post a chart?

The World Cup officiating was horrible!!! To make matters worst too many players were flopping and acting hurt. :(

Checkout the following journal: http://www.elitetrader.com/vb/showthread.php?s=&threadid=69230

Do you guys (Scientist, marketsurfer, CONTRARIAN, NihabaAshi, sulong, indahook) still have the same position about the subject, as previously posted on this thread, or has time provided you all with more insight? Just curious.

I'm already done for today; so, hopefully it goes down just enough so JJ gets his points then reverse to the upside.:D

IMHO price is just retracing until it takes out 1290 (to the upside). Price needs to clear 1277 to go lower, then 1274, then free fall.

Here is a chart: Esignal users the symbol is NI U6-SI or NI 1!-SI (continuation symbol)

Anybody trading the SGX Nikkei 225 futures? I just started paper trading it yesterday (it looks promising). Since it opens at 7:45 P.M. EST, I'm thinking, it can be a good alternative to trading the eMini S&P 500, when I don't have time during the day.

The market has spoken.:D It told me to stick to my 2 pt., net, daily goal per contract. Therefore, consistency and increasing size appropriately will be the key for me. However, thanks for the constructive feedback.

eSignal

After trying it out for about three days, I had enough, my trading became too aggressive and I found myself overtrading to meet this higher goal. I know now for certain it is easier for me, psychologically, to trade more contracts than to trade for more points per contract.

I got shaken out of my longs with a small gain, because of divergences.:(

Anybody trading today's short session?

One computer crashed hard yesterday (spent half the day talking to tech support), as a result the hard drive had to be replaced today. My backup system is running so slow I believe an another hard drive failure is imminent (I could barely execute any trades the past couple of days).:mad: I...

My bad, I was referring to the upward move at about 1210 EST.

Is there anyone actively using the subject?

It's called fear and greed, and it will consume you if you let it.

Steve46, Nice charts! I agree 100%. That's why it's important to look at multiple timeframes; however, if you find yourself in a trap reverse or get out before it's too late.