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Exactly as others posted... its when to use it. There is no foolproof 100% methodology that you can trade blindly. For me, the execution is with synergy... When you have 5 or more things lining up that provide a small edge each on their own you know you there is a greater probabilty for that...

There is only one fib ratio that will offer you any sort of statistical edge. The others will work some of the time but not 70%+. You will see people posting charts look how it worked this time and proceed to feed money to the markets only to fail over and over. The issue is whether it...

This is a prime example of never chasing the market.... let it come to you. Just arrived home last night from my vacay... Looking forward to getting back to trading after the holiday. Happy 4th... B1S2 you long oil? You seem to position trade the commods at time. I'm in from 63...

As I have been saying for a week or 2 that the dailies are looking very bearish coinciding with very bearish seasonality... On the lower time frames its a H&S pattern but a Double top on the dailies however, its prudent to be on the sidelines or wait for the best possible low risk entry to...

Just dropping in for a sec.. havent traded the past few days. I like the long side at 1510.25-1509.50 if we can get down there today. However.. it is Friday and there is extra risk with holding over the weekend.

They need to hold 1523.50 if were going to get this last push up. If we break below 1523 I move to sidelines for the rest of the day. Any move up to 1528.50-1529.50 I will look for low risk shorts.

Looking to short 1528.50-1529.50 as well as exit longs... nice risk reward on the short. about 6-8R

stopped out on sidelines -1.5pts

This is a major zone for the ES. If breaks below we will most likely test and move below yesterdays lows. If not we have a good chance at a nice rally. Major deciscion point area.. as you can see the choppyness is brutal today, especialy on the er2.

ya I was even a bit hesistant on this one due to the selling strength and some higher level bearish patterns.... but thats why I have a trading plan :) a nice pop.. lets see if it can break 29

Long 26.25..... lotts of selling.. stop at 24.75 target new highs on the day

Risk is to high to have a proper stop at least for my trading. I never want to be short in areas like this as well. Odds are extremely low

If we can get one more low(doubtful) into 1525.75. wait for buying to come in and then get in for a long ride up. i doublt we get it though. This market looks like it wants to head much higher. If buying does not come in... I suggest sitting out on the sidelines.

http://elitetrader.com/vb/attachment.php?s=&postid=1507032 Market went down staight into the zone.. a point below and then exploded to the upside. It hit first resistance and dropped 10 pts and then continued to grind higher.... nice trading today

There is definately some reef sharks around here...

long agin 1533.50 3 tick stop target new highs on the day. stopped out ready to get long again if price action verifies.

That is what I like to see! That is how the pros trade. Im with ya along for the ride. Im in from 1525 with a breakeven stop. Still holding previous unit3 longs from 1518. It may not go straight up but the odds are nice for hitting 1538.

No that zone is negated.. this market is ready to blast off

It means I have a resting order to take me out.... in other words not filled yet

beautiful... taking prof1 here at 1525.50 as well as pt2