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Fine tuned my system a few more times tonight. (1) Put ADX (DMI) on top of the the Aroon. It is much easier to see the buying or selling pressure. (2) Fine tuned the price chart, easy to see which side you're in, RED-short, Green-long. (3) At the start of a new trend and if the...

I am looking at ER2's support and resistence. Looks to me, if ER2 can pass 676, there is a blue sky ahead like NQ. http://tinypic.com/view/?pic=funigz

Thanks. please feel free to ask any questions. I'm refining my own system everday. Getting in or out a position to make a point or two on a big trend is easy, however, stay in the game, making 6-10 points on one play, it's hard. I'm trying to improve my own system daily to make it RED or...

Also, don't forget tomorrow is the options day. They wiped out many call holders for the past two days, now they start to wipe out these put holders. It shall be avery interesting day tomorrow.

Optioncoach, that's correct. Right around the resistence area. This is the support/resistence chart I have:

Well, I think only a few are reading this journal. Only two or three regular posters. Please feel free to post whatever you want, opinions, suggestions, etc... The purpose I set this journal is to learn/share tips and tricks from different ER2 traders, so we all can benefit and be very...

As long as it works for you, stick with it. No need to change them. I found some indicators are working well for trending days (MA derivative, ADX, MACD, MAs), and some indicators (Stoch, CCI, RSI) are working well for choppy days. So I use a mix of them or use different settings to fit the...

This is the main trading window I used today, look at Aroon (bulls are in control all day) and MA derivative (trending all day). CCI 50 has been over 0 all day long. This is a very typical trending day. I just wish I bought a lot in the morning, unforuntately, TradeMaven was down almost all...

You're right on that prediction. 20 points back was coming very quickly. I thought some big $$$ funds accumulated many contracts yesterday and the day before on the way down, I don't know if you've noticed these 300 contract bids. I believe it was one of the reasons ER2 was lagging behind...

Well, I guess none wants to share. Way to go.

This is the 233 tick chart on my laptop. This chart stopped right around 10:30 AM (CT). I have not resfreshed the data. It shows what happened today before 10:30 AM (CT) and not after. I have MA percentage change (MA derivate) indicator on the chart (bottom panel), notice it was over 80% at...

I pay very close attention to the trading channels. If two bars break the trading channel, I would consider to change my position or take a new positon. Would some of you want to share how you trade ER2? What are you looking for TA wise? How do you trade? How often do you trade in a day?

Most often, when the market opens, TA indicators like CCI etc really won't show up well on minute charts. This is when the tick chart really helps at the open. I look at 133 and 233 tick charts:

Another indicator I check very frequently is CCI 50 period. If CCI 50 period line (the orange line on my chart) is declining and below the 0 line, it is bearish, think short trades. If it crosses the 0 line and stays above it, it is bullish, always think long trades.

Always check the fib retracements for possible entry or exit .

Always check the Pivot/Support and Resistence. If it breaks S-1, looking for S-2 as the target to cover or buy. Always put a stop several ticks below the support, if it breaks the support, look at the next support line for entry.

On the ADX, the red line (-DI) above the green line (+DI) means bears are in control at the very beginning. +DI is decling and -DI is rising. ADX line - the white line measures the strength or weakness of the trend. If ADX is rising and the red line is above the green line, the bearish trend is...

This is the 5 minutes chart when ER2 opened for the day. I look at the MA TA indicator (it is at the bottom of the panel, not on the price chart), MA was right above the 80% level at the open , and it opened at the resistence, top purple line on the price chart. As minutes passed by, look...

I use 1 minute chart to make entry/exit decisions. I use 5 minutes chart to decide if I want to go long more often or short more often. I use the relative MA movement as a major decision on going short or long. I use ADX to see if a strong trend is exist. If MA is above 80% of the price...

Again, don't rely on it to trade, just use it as a reference from a different perspective. I use many other indicators to make a trade decision. I have many indicators at different timeframess/ticks for ER2 on five monitors. MACD/STO/CCI/RSI/DMI/AROON/MA/Support/Resistence, fib, double top...