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I also think this is a short term top but I sure as heck aint putting any money on it, yet.

famous last words.....

Yes

ok here

Your opinion can get you in trouble alright but unless you are a purely mechanical trader you have an opinion on market direction when you enter a trade whether it is off a daily chart or a tick chart. Discretion=Opinion, imo:)

Everything is overbought, imo. We are due for a correction back to the daily ema.

Grob What I learned yesterday caused me to go short a 1120.50 when bars 1, 2 and 3 had equal volatility and 2 and 3 closed with extreme tails taping short (?) Many thanks. Almost a mirror image of yesterday.

LOL. You have got to be kidding. KISS? I must confess that I have not read your posts before because, after I read one of them, I thought you were out of you mind. I now see that you are out of your mind, but in a positive way. I have a question on almost every point of the last three posts but...

Awash I dont usually critique trades but I like the way you are going about this journal and felt obliged to butt in. I dont really know your strategies so I probably shouldnt have said anything. My number one rule is "do not trade in the middle of a range" and both of those trades were...

Now Im a little confused. I went back to study your first post again. You said you entered at 9:45:03 est which means you entered on the 4th bar. The preceding three bars all had lower highs and lower lows so what was the basis for going long? When you say "extremes of the bars" are you...

Damn. Now Ive got to go back and study all your posts. "trend line breaks are better". Today in the ES was a good example. Never did break the lower trend line after 10. edit: then you interpret "common volatiltiy" in bars as a confirmation of trend? I dont want to drive you nuts...

That was a very interesting post Grob.Thx. I think I understand what you mean by a "long" was "taping" I would appreciate it if you could explain this in greater detail. True it was making higher hi's but the volatility of the bars kept me from being interested in a long. Bar 7 actually made a...

Pretty impressive. Which games are you playing in? Definitely a bull market for poker now. Considering that it is global it could last for awhile, hopefully.:)

One of the best exercises you can do is to keep a notebook handy and jot down stats every ten or fifteen minutes. Price, volume, tick, trin, etc. After you do this long enough you will always be aware if the volume is out of line.

Awash The first trade of the three is the only one that makes sense to me. It just didnt work out. The other two I see no reason to take. Divergence on a short time frame is very iffy, imo.

You can make tick charts. In settings put 0 in minutes then set minimum ticks at 10. I just tried it and it seems to work ok. Im pretty sure you can do tick charts with quotetracker too and it is free.

Heres one: http://www.hlvtrading.com/index.htmne: Not a broker but one way to get some buying power. Not recommending this at all.

Trading with the trend is good. Dont give them any money.

Ah. That might work then. Since the world is insane, imo, sanity will cause you nothing but grief.