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So on your chart, "1" is entry and "2" is exit? Do I read correctly that that was a 5 point scalp?

Hehe. This is turning out to be way more fun than the "YM Traders" thread.

"Your order to buy 10,000 shares of GM has been filled"

The "Four Jockeys of the Apocalypse?"

LOL, the day I actually go out and buy a firearm is the day we start another round of irrational exuberance. I'll post when that happens.

Great prices on .40 S&W ammo for my SIG 229

I'm afraid I have to agree. If there's a loss of civil order, gold bars will do nothing for you except attract armed attention. I vote for guns and ammo as well. Take the time now to learn to hunt game, dress deer, etc. Don't bother stockpiling gold.

...and are their birthdays 6/66?

TICK > 800 = heavy buying. TICK > 1000 = overbought.

The TICK just went over 800 for what it's worth.

Where were you living before ozzy?

LOL, I just downloaded a very nice PDF file from the CBOT website about market profile. The thing is 350 pages long!

Sorry, I'm an engineer. It's not enough to know something works, I have to know why and how. It drives everyone including me crazy. :cool: Maybe I should just let go and use the freakin' thing.

That 10:30 reversal is a real thing, aint' it? I wonder what causes it...

It was early and I hadn't finished my coffee yet! I've been reading more and more about this market profile stuff. I guess it's not so obscure any more.

Yeah, go to finance.yahoo.com. I assume you mean the dow index rather than the YM futures?

If you have any interest in gambling at all, you may recognize this "scaling in as it goes against you" as the Martingale strategy. In its purest form it amounts to adding to a losing position, one of the 7 deadly sins of trading. Now, scaling in using anti-Martingale has some merit...

volente had referred previously to a "10:30 reversal". My own reading a few months back uncovered a "10 o'clock jiggle" and a "3 o'clock jiggle". The guy basically said that whatever is going on trend-wise has at least a short-term reversal at these times. No rationale was given for the...

Good morning, yummies! Today's a Thursday which is biased as an "up" day. I'm not seeing any good support levels unfortunately. We're below the last solid support on the daily $INDU chart at 10300. For what it's worth, my up-down patterns say today's a "down" bias day. Go figure. Plus...

It's a little scary that you're asking a bunch of day-traders about IRA's and 401-K's :eek: