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As we noted we got more stimulus. https://www.usatoday.com/story/money/2020/12/20/stimulus-checks-unemployment-benefits-economy-covid-relief-package/3921356001/ I have been going long ES futures with multiple positions to get my cost basis down and have a long position going into Tues. What...

https://www.washingtonpost.com/us-policy/2020/12/06/stimulus-deadline-relief-programs/ Long ES and CL on possible stimulus news on Monday.

That's why you use a stop loss. If you can be right more than 50% of the time, you can make money.

This is one of the issues that I do face. So this can be handled in a few ways that I will list. 1) If you are near a support level, then using 2 contracts is beneficial. Have one go to a standard target or resistance if going long, and 2nd contract can go to a higher target or resistance...

Just like Apple supports IOS upgrades to your Iphone for free, Microsoft does the same for free. So when one of Microsoft's patches crashes your computer, it's their fault and they need to help. I had one time a problem with upgrading an Apple Iphone that stopped working after I upgraded using...

1 min charts are noise. You can't trade noise. Look for at least a 5 min chart. Also, when you get longer moves due to volatility, remember to have bigger stops and targets.

I think you don't understand that TA is a tool, it's not a strategy, and yes most indicators are useless and lag price. Also, I like many other traders put ALL of our trades on C2 (trades were posted 10 days after for non subscribers) and were paid for results over time. No one that I know...

Here is something you could try that I did tonight. Use multiple different future contracts. Pick a trade in one. If trade is going against you towards a stop level or standard deviation, either kill the trade or let it stop out, but don't average into a losing trade. After being stopped...

It's not if it may or may not happen, when it DOES happen you have a PLAN. Multiple people have given me money to trade BASED on my statistics of over 1,000 trade over years. This includes a win rate of 65% on equal risk vs reward. Having a win rate of 65% over time and thousands of trades in...

No, you don't get it. If price say is forming a top in real time on right side of the screen, you can see it and then trade it with a pretty tight stop. It's not random, but you need to be able to watch the screen for thousand of hours to be able to recognize what is happening and not just...

Controlling your emotions, means each trade before you take a setup, you accept the fact that it could be a losing trade, and you have already determined how much you are willingly to risk. You don't keep adding contracts as trade goes against you or if you place a hard stop, you don't keep...

A setup with positive expectancy on equal risk vs reward is an edge. After that it's trade management, and controlling your emotions, and not over trading. A setup with negative expectancy on unequal risk vs reward, is an edge. After that it's trade management, and controlling your emotions...

No, it's not possible to tell on the far right edge of the screen if a market is ranging or trending. However, if say for example the overall trend is up based on higher time lines and you are able to get in a setup near a possible support level where you are long within a range, you could...

What you want to do with trend lines is to also and S support and R resistant lines. You can for example trend up to a resistance and then price will reverse back down. R and S work because there are other traders who for example may have bought at a support level. They may target the...

Here some other steps I did to fix lag. I switched my DNS to OpenDNS on the wireless router settings. I also like that phishing sites blocked by default. For Blizzard games, I went into each game settings after game was running, and changed it to medium sound from high sound...

In this chart, trend was down, price then pulled back up then started to fall. Using R and S lines we see price within a range that is wide enough to trade. Trade setups were made short with overall current trend near top of range targeting bottom of range for scalp trades. Risk was...

In these trades, I first shorted ES 1 contract do to possible delay in new Stimulus and pullback on previous price weakness. Note I have removed all of my indicators and lines from my chart that I use to trade. Stop was above minor resistance. As soon as trade went against me I reversed the...

Well cutting losses is better than adding to them. However, stop placement should be a little bit further than where the market would prove your trade setup to be wrong. Also, although this is not strictly TA, imagine yourself already a professional trader. Not just a pro trader but someone...

So far the long is working out, looks like shorts are burning and Santa has decided fly with bags of money and drop them on people's houses tonight.

Well I killed the trade and reversed to long on talks that stimulus are doing well. I am looking for a 9 point profit to get back to BE. I need to stop fighting the trend.