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Yes, everyone have a wonderful and really great Christmas. I wish everyone and their family a great time together! Enjoy it guys!

out at 52.5.....too tricky for me...will wait and re-evaluate

messy trading so far. out of this at 52.75, as it seemed we are actually going higher and long 52.75

Hola! Tell us where we are going ..up or down !

price has been sitting at 50 for 3-5 minuts and no bounce. means we will breach 50 to the downside....let us see

short 51.75

Thanks for writing about your discovery process. I am still new to ES - only 2/3 months of ES trading. So, it seems I am still new to this instrument.

Thanks ammo for the tip. I will start looking at this in new year, planning to read couple of books during the holidays. Then I will come back to you with follow up clarifications. Thank you!

Good illustration Josh! Indeed it broke 56.75 and went to 57.5. So, getting long around 57 when it was coming back from 55.25, would have given 1/1.5 point scalp. Thanks!

Thanks for your insights once again ! I find merit in the point about trading from home vs an office. Being close to other traders will definitely mean greater idea generation, reduced dumb mistakes and competing viewpoints on a particular trade. I trade Euro a lot, and I make money...

unfortunately, I don't have a consistently profitable set-up on ES yet. At least I haven't found one yet. How many months/years did it take you B to find a consistent trading strategy/setup for ES? Curious. To be honest I am consistently unprofitable trading ES !! Planning to do a...

Thanks Josh for your insight. Very well put - I must say. However, the key thing that your theory doesn't answer is why 4 o clock break ? I mean I was personally long from 2 pm and closed it finally in exasperation at 3:51 pm, since we just couldn't break 49.5. And it broke exactly at 4pm...

Your guess will get my vote for the best answer. Vote for 2nd best answer goes to ammo for uvol/dvol blow-out on trend days. Just that it should have happened before 4, maybe around 3:55 or so. But the level got broken immediately after cash stopped trading, and thats why I think you have nailed...

Thanks ammo for the feedback. Yes trying to improve!! And thanks everyone for response to the 4 o clock puzzle.

For all the trades of ES who know it better than myself, why the hell it finally broke 49.5 exactly at 4 o clock after cash stopped trading ? What was it that caused 49.5 to remain the daily high from last 4 hours even when price spent around 30-40 minutes within one point of it during the...

out 48.5. Trades: -3.75, -1, +0.75, +1, 0, 0, -1, +1.25, +0.25, -0.5, 0.75 Total: -2.25, comm: -1, for a total of -3.25. First trade in the wrong direction caused it all!!!!

Yessssss!!! Merry Christmas to everyone and their family. Have a blast guys!

Btw after the rumor that a rating agency is going to downgrade Belgium that day, it was summarily rejected and denied by the Fitch analyst responsible for rating Sovereign Europe. And after 1.5 hours, Fitch downgraded Belgium. Probably, the poor guy was terrified of an impending insider...

Satchel, where do you trade - home/prop office or some other place ? Trying to figure out where do you get your daily dose of rumors, which turn out to be generally correct :)

Markets didnt move an inch after Fitch cut Hungary, so if this is not Germany/France/Swiss, no need to change your trading plan...what do you say !