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Yes, I had the same feeling about ES vs. the Euro. :) But it's deceptively slow I would say. It sits tight and then breakouts and when it does it goes. Don't think it's worse or better though, just different. After all there are people who scalp Eurodollar futures or day trade SPX options...

Great to see you still visit ET, bh! :) Yes, I personally dropped ES not because the market was bad, but just due to time zone being pretty bad to trade it. Assuming I make a living by trading Euro, trading another instrument after a full busy day with FX is not very productive. Other...

Yes, I tried to trade it to learn something from bighog, with whom I keep in touch and who was very generous to give me some titbits and ideas about trading it, but soon realized that trading from 21:30 (my time) after full day of trading Euro is not the best idea. So while I am in my current...

Not always so. Yes it's basically a zero sum game, but in FX for example, corporations with their currency hedges etc. play very serious role and speculators benefit from their "losses" technically, but that's not taking profit from losers in the sense of this thread. Those 95% of small...

That's awesome. Thanks a lot, NoD! You explain things in an amazingly accessible manner, you know? Should write a book on price action some day. :D Will practice those aggressive pullback trades and see how it goes for me.

No problem with hindsight analysis for me as long as we all know we trade this way in real time also. I absolutely agree with your reasoning, just usually prefer, when channel is also more clearly visible on 5-min, what gives me more confidence in those trades. As for exits, personally I use...

Funny, that without the down channel on 1-min I'd hardly trust such a p/b on 5-min because too often took those after climactic moves. :)

Well, as for those trendline breaks, which constitute pullbacks on higher timeframe, they are relatively objective to take in realtime with good odds also. I posted a few live examples in this thread I think. But have real trouble with catching quick and shallow pullbacks (or maybe with...

Yeah, that's much clearer on your chart, including the trendline breakout.

Einstein, looking at your chart I would say though, that it looks like a tradeable pullback to me. But only in a form of a bigger pullback, not 1-min alone. I would enter this one around the down sloping trendline breakout, which occurred closer to the end of your chart, so whole action on...

That's great matter to discuss, because I must admit that I trade pullbacks terribly. Probably wouldn't even make consistent profit if traded just them (1-min p/b's). But definitely eager to learn to trade them better, because after all they say reversals are harder to trade, but I trade them...

Pareto principle. But it's not necessarily only a couple of trades a year. It's also applicable to day trading, like trade during time of the most liquidity and volatility (usually first couple of hours after open in most markets). Or it can be taking the best setups and letting profits...

I agree that if one suspects his broker in running his stops, it may be better to have catastrophe stop somewhat further away and exit trades manually with mental stop-loss. But in my experience, legit FX brokers don't run stops on purpose, that's more a myth people who are not consistent...

Who defines what is realistic or not? :)

Last one this week. Trendline breakout pullback aka failed failure. http://www.cornixforex.com/2012/02/trendline-breakout-pullback-trade/

Also have a trading buddy, who's amazingly bright scalper. Learnt to trade in probably less than a year. Started to trade significant size in the Euro... and simply trades much less since then, paying more attention to the family and his dream of life, music. Just as another example of why...

NoD called many, many CL trades live in Skype last year. I heard it with my own ears. Not that it's going to convince people who are in a denial mode, but I had to say it as a live witness. As for someone woulda shoulda making $500K instead of 90K or $500M... As a very successful trader...

Choppy market and trading discipline, a lesson from EURUSD. :) http://www.cornixforex.com/2012/02/choppy-market-and-trading-discipline/

WTG. Stopped out of last trade for 20 pips.

iii (triple inside bar) is a good setup, but when it fails in the direction of strong trend, it's even better. :) http://www.cornixforex.com/2012/02/iii-triple-inside-bar-failure-leading-to-good-opposite-trade/