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MACD won't go below 0 line on 5 minutes chart..

Out some here at 693.8, 694 has been a resistence.

60 minutes chart can tell you where we are, break the previous resistence and the ADX line has just started to move up.

Well, right after I posted, it made an one point jump. Some traders would think it stops at 693, nope. I think shorting here would just add more fuel.

We're at the high of the day, guess where ADX is at? That's the strength. Imagine when ADX goes over 50... Or some traders think that's the TA weakness, especially to these divergence traders. From my experience, on a trending day, put divergences as the second consideration. Look at the...

The way ER2 is traded, we might see 694-695 in the afternoon, IMHO. I've my stop at 692.20, I would think the stop is unlikely to be taken out.

Today is a trending day like last Tuesday (don't try to go short, buy on dips), and yesterday's action was a carbon-copy of last Monday.

Chart for this morning:

I have several MACD lines on the chart. ST: Average one: 3--5--7-9 Average 2: 26 LT: Average one: 35-55-65 average 2: 60-80-90

All depends. I'm trying to reach my daily goal to make a living. No greedy and no fear. If you read my previous posts during the weekend, I've posted how many contracts I usually trade. I lost $8K last Monday because of a software failure.

I used to trade through IB, now I'm with transctfutures.com.

You 'll see the same wraps as you see on the daily charts. In downtrend, long-term MACDs on top of the short-term MACDs, In uptrend, short-term MACDs on top of the long-term MACDs. This is the one day chart (yesterday). If the short-term MACD crossed the long-term MACD, that's the best time...

Ensign works great for me. I love its flexibility. Ensigal data feed has been very reliable and gives you 100% tick. IB only feeds the sample of the ticks, you'll see a thin hair of tick data on 75 tick chart with IB. It all depends on which one works better for your system. Or the price fits...

Haha. Nope. win or loss is the part of this game. Never mind of losing a trade. I've regressional channel on every chart (or timeframe), I use [open+close+low]/ 3. Look at my posts yesterday like this one below, orange and blue color line is the regression channel. For me, this indicator...

Thanks for sharing the info. I have a regression channel method on 554 ticks chart, it generates a similar path like yours. After I applied 21 period regression on 667 tick charts, the entries looked very good. Look at the blue line and the white line.

I don't know how you guys look at the resistence. On the price chart, I look if it touched the top of the trend channel, if it is reaching a critical level (pivot, S1, S2, S3, R1, R2, R3), if it is reaching a key fib retracement/extension and trading under it, if it is a double top. If it...

I don't know how many ER2 traders are out there on ET. Maybe we should go to a chat room during the day, posting here is too slow.

Not exactly, maybe I should switch to much higher timeframe if I don't scalp too often. Using 75 ticks chart to trade can really hit your nerve sometimes - especially when it was trading sideways like after the lunch hour, it made 1 point jump up and down many times, very hard to trade...

This was what I've around that time with the 667 tick. It was really about to go up before 3:00 PM. look at the 34 and 20 bar (dark green and green) indicators on the RSI panel, they're green, uptrend, was about to cross the 0 line. . The higher high on the RSI and the price was the trigger for...

75 tick chart for the same period (gives more information, better entry and exit): We're trading at a breakout mode (set your trail stop tight):