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I haven't tested it in the sense of marking down every trade.. calculating the win/loss ratio, #of winners, avg. $ of winner.. etc.. My testing is basically from watching the market for over 2 years.. studying patterns and seeing which ones are profitable.. On your testing/trading db, I...

I shorted the ES at 1156.75.. but bailed at 1156.50 when it looked like it wasn't going down.. my target is only 1.5 pts away so figured the risk/reward wasn't there to hold the trade..

Scientist, I know how you feel.. i was long NQ at 1494.50.. bailed at 1496.50.. as it was taking off.. What a wuss

I hate to keep posting on this .. but right now.. 13:59 est.. the ES is at 1156.00.. which is the previous high.. my stochastics is showing a divergence.. but I will wait for a reversal signal before entering..

Left out one other item. I am more likely to take the signal if it happens near 14:00, 14:30 or 15:00.. If not near these time intervals it has to be a strong signal..

I have to admit that in the past I wouldn't take this into consideration.. if I would see a reversal bar I'd jump all over it.. but experience has taught me its best to wait.

Candlestick reversals mainly.. shooting star, dark cloud cover.. inside bar ... usually do consider how long it took .. if the market bounced off of a bottom only 15 - 20 minutes prior I usually don't take the trade..

I believe in keeping it simple.. I just wait for price to approach the resistance area.. and then it becomes a little subjective.. I wait for a reversal signal and then enter.. as long as price is at a resistance point and is overextened..

Hey db, I'm not looking for a survey.. in a situation like this just looking for input from others on how they approach these type situations.. I have my way of dealing with this type situation meaning the signals I look for.... just looking for outside suggestions on things I may not...

is far from its previous top.. Prev. top on ES is 1155.00 on Ym is 10,690 area.. NQ is 1556.00 area.. ES & YM are just a few points away from these areas but NQ is very far behind.. If looking to get short would you choose the NQ which seems to be a weaker market or the ES or Ym...

Grob, I have no idea what you are saying.. Is this bullish info. or bearish.. seeing the market now I hope it was bullish and you were long.. I was long the NQ but bailed way too quickly..

I used it for a while.. I causes sexual side effects for some people (impotence). All it took was one incident of that for me to change medicine's quickly.. Seemed to be fine other than that

Great observation, Its taken me a long time to get to this point.. in the past I would stalk a trade and wait for my entry.. but it wouldn't come and the market would start to move in my direction so I'd jump on.. and usually get killed.. Now if I miss an entry I let it go and wait for...

Probably a good idea.. Obviously what you're doing right now is not working.. you need to regroup and come up with a new strategy.. if you have one that is.. Trading on intuition doesn't work.. I've studied the markets for what feels like an eternity and believe me its hard to do.. I...

This is why I feel its a good idea to look more into this.. the risk/reward is much better than when you wait for price confirmation like I've done in the past.. I see the 12:55 Divergence at Res. you're referring to.. good point.. I'll pay more attention to divergences at those levels...

I'm trying to incorporate resistance/support levels more in my trading.. today's action at 11:00 est.. The ES shows res. at 1143.50 - 1144.00 area.. this is yesterday's high as well as today's R1 level.. also, the NQ at the same time is at its Prev. Days high.. and a point above its R1...

Never seen it.. does it deal a lot with trading?? or just a scene or two?? Any good trader movies out there anyone know of.. I've seen Limit Up & Rogue Trader..

DB, Can you help me out here.. How on earth would you do a search looking for posts containing parts of your methodology.. Am I missing something in the search options?? Thanks for any help

Just to update.. started trading again.. actually had my first profitable week in quite a while.. I"m not excited about the fact that I had a profitable week but rather that I traded very well. I did not take any mediocre trades on hunches.. which is what killed me many times in the...

Waggie, He did say that he would scale into the position in his earlier post.. these resistance levels are not glass. meaning once broken its heading up.. but more like a rubber band and the price could go through it first before breaking down... I read that analogy somewhere its not mine...