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I have used both. Frankly I think it depends on the circumstance I like to use limit orders early in the session when price is really moving around. Then later in the day, I use Market Orders. Also my system is assured of giving me several setups each day. So if I were to miss one...

Ok for the new traders on the site, unfortunately we have "trolls" here. They try to disrupt and stop YOU from doing what you want to do here on ET. A group of us have agreed to "ignore" them. To find the "Ignore" feature, go to My Account and then to Edit Options. Put the name of the troll in...

Yes Agreed, and that takes me into another aspect of this business and that is research. My contention is that one of the reasons that traders struggle is that they do not do their own research. Instead most of you simply use whatever "seems" to work, and is being used by other retail...

Thank you Wayne for the kind words My goal is to help everyone if possible, but I try to direct my comments primarily to new traders. I remember how difficult it was to get good information starting out. Your comments are always welcome. Steve

Well if that works for you, fine. One problem that newbies have (perhaps with over 800 posts you aren't a newbie) is that they will committ to a trade and then hang on while it moves against them significantly. This is an example of unproductive bias. I think one should have no bias. Simply...

You seem angry that you can't get me to respond the way you want.... You'll have to find a way to carry on I won't provide any of my research to you for any reason... You can if you wish, learn from my posts. Be my guest. Unless you start to show me and other ET members, the...

Today after regular market hours, I received a question from ET member Bernard111 asking about the "Bond Bounce" Rather than go through all the details I will simply give an update as to how the setup should be approached in the current market. First, the setup begins at 3:00 EST. At...

Thanks folks for your assistance in keeping the site clean You all have a nice weekend Steve

At 3pm EST some bond traders make their adjustments in the S&P Depending on the move, this used to be called the "bond bounce" The formula for this used to be whatever direction the S&P showed during the prior 30 minutes, the bond would "bounce" in the opposite direction from 3pm on..(15...

Well, I think they are unwinding some positions depending on what their customer base asks them to do..... and from the customer's point of view, lightening up positions on a move up is just what you want to do. You get better prices. That means that the broker's customer (usually a weak...

Notice how the volatility picks up here late in the session If you have a bias, you are in trouble, because you are going to get whipsawed out of your trades. I have seen this before. What works now is to react or stand aside. If you have the skills and a system that gives you accurate...

Thanks, actually as we speak the S&P is testing resistance at 1278+ so we could have a bottom in now But there is still a lot of time left in RTH session

Here is what happened, as price reversed and move up to test the longer MA

Usually we get 3 tests of a number and on the third test we see either failure or reversal As time gets closer to 2pm EST, funds have to make adjustments to portfolios and they have ONE chance to do it....so here is where the rubber meets the road.. If it breaks down from here, it will get...

Very close to getting our 10 pt target Took another scale out at 1273 See the attached chart

7 x7 x7 x7 = 2401 As mentioned in my earlier post, Proflogic proposed that these numbers provide the best look at the data. He indicated that he used squares of 7 and of 9. I did some research of my own and arrived at "square of 7" as the best display of data for my screen size and my...

This will be of limited use to newbies, but may help those who are struggling but have some experience. In the attached chart you can see this market trying to put in a low here. Price is wiggling around not moving significantly either way. When I see this I listen close to my squawk and I...

Here's a nice look at the current market using 800V candles Notice the multiple tests of the 80 period MA

Because its Friday and big players do not want to hold inventory long, we are staying short as long as we can. The market continues to breakdown We have a couple more places to scale before we get 10 pts at 1272.75

Thanks, appreciate it. Good luck to you Steve