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By the way - that wasn't an anticipation or prediction of a sell-off. Just saying that although it's not currently moving down, it can happen later today.

Let's wait and see. There have been many late day sell-offs recently. Currently a slower market than recently. Might be consolidating today.

It might very well be that the bottom is in on this down move. Or we might be retracing a sustained down move. Regardless, I think we can expect a move at least down to 2683 some time this week. Maybe as early as tomorrow.

Exactly. As long as there's sufficient liquidity to enter and exit - there is no competition. Of course - one might need slightly more than retail platforms/tools right out of the box. The ones I know which are successful have spent considerable time and efforts constructing their system. But...

And in case it wasn't obvious - creating a system that consistently gives clear signals in a wide variety of market conditions isn't easy. Trading the final solution is easy - getting there; most people don't.

Respectfully, I disagree. If you're getting jerked around all day and somehow manage to net 2 points, that's not a victory, it's gambling. Most likely you'll lose tomorrow. A good system gives clear signals with a high win percentage. No jerking around. You should somehow be able to perceive...

Your plan and system is not good enough. If they were, you wouldn't deviate from it. Also, the better the system, the easier to follow the plan and the system. You probably have a very discretionary approach and are interpreting live market data that's flashing in front of you. Work on better...

Seems like a better use of his time than being involved with the markets. Stick to painting.

Reading the chart and using common sense, I'd completely agree, but surprisingly my main system indicated a very high probability of this staying an inside day and if taking out the PD high; not by much. Turned out to be the latter. Let's see if this get legs now or if not. Either way I'm just...

Unlikely we'll see much more upside from here, as far as I can tell. Will be a small pop if anything. A small chance we can see a minor slide from here, but not expecting anything big today.

TL broken followed by DT. Potential reversal in play now.

Strong market so far and put in a low above yesterday's low. I'd say a test of PD high is imminent. Good chance we'll trade higher today. Would be cautious on the short side at this point...

Is this up part of today's up? Or is this up part of today's down? :)

So, order flow trading didn't work out...? It might very well be that your mentors lied to you or made false promises. IMO, it can be done, but it's extremely difficult. Particularly so because you're ultimately alone in this game and you need to rely on your own findings and research. This...

Because I don't know better. :)

October was far from a normal month in the markets. September had 4 less trading days than October, so let's exclude the first four days of October to make a similar comparison (19 trading days). In September the average range was 16,50 compared to 53,00 in October. If you add up the ranges...

Scratch that for now, obviously.

Depends on if we can stay above 41 or not on this leg down.

Setting up for a drop now, I think.

On ES, the correction in January/February was -11,88 % over 11 days. 343 points down. Currently, we're down -11,61 % over 18 days. 341,75 points down. Makes you wonder if one can start anticipating a bottom here. Yet, I have a gut feeling that a test of the February low (2544,00) is a...