Search results

1385 was just the point at which I entered and decided to bail because I felt if price dropped and then came back up to that level the trade would be invalidated. If you look at the chart I posted when I took the trade, a bear TL break occured circa 1385, which is good cause for an invalidated...

It's simply where most of the volume is (by price level), it's usually what is talked about when you're dealing with market profile. Usually it's the same place where price has spent the most time.

True, to each his own... I'm gonna sit on my hands here. we are in the value zone and inside a trading range. I need strong movement above this level to consider long, a short is possible on a good retrace after a bearswing. 1389 - 1386 range trading just like in the during Globex :/

Looks like you enter at the 50% retrace. I would wait for at least one good trend bar (bullish reversal/engulfing pattern) in the direction you want before trade entry. I don't see that yet!

Yep, might do a long after a pullback in this new high over the previous swing. Nah, no long here... we stopped cold just short of 1390 again. SIM account P&L (~12.00 pts)

Lol... one of the first days trading I made $6,000 and thought I knew what I was doing, I remember I sat at the table with lunch and my laptop and kept chanting, "pump and dump baby, pump and dump!" I feel so stupid now... anyway, we are in the same trade :eek:

That's what I was thinking as I was putting my retro together last night... if we get back to ~92 and reverse I'll say we have range. If we get back much past 85, I'm bailing on my paper trade.

Here is a perfect short entry. We have strong retro resistance, and a pullback in a downtrend. After all the stops were run up to 1392, price reversed quickly. Short 1385, SL 1388. I just noticed we are close to an ascending bull TL. Unfortunately, I might have to bail quickly if we take...

Micro/Macro As far as where I envision actually placing trades, I'm considering 5000 tick chart. I plot relevant S/R levels on the tick chart, but will reference the larger picture. For my purposes I think Micro/Macro could be combined. The optimal current open position would have...

Retro We are at a very decisive point here. The ~1388 level has been rejected and supported many times in the previous months. Depending on price action tomorrow, sell rallies, or buy declines. If the market PA is weak overnight, sell rallies, and cover @ 1383 unless a strong trend develops...

Here's a simple test: Here is an intra-day chart of BIDU. Is the INTRA-DAY trend: A). UP B). DOWN C). SIDEWAYS D). CAN NOT DETERM1NE FROM THE INFORMATION PRESENTED (THERE IS ONLY ONE CORRECT ANSWER)

"4. IT IS ABSOLUTELY NECESSARY TO HAVE AN EDGE You can't win without an edge, even with the world's greatest discipline and money management skills. If you could, then it would be possible to win at roulette (over the long run) using perfect discipline and risk control. Of course, that is an...

What's YOUR time frame and I'll show you the trend.

You've got to be kidding... OVERLOOKING the fact that he is promoting a system in which he GUARANTEES PROFIT.... TWO BIG RED FLAGS IF I WERE MAKING THAT KIND OF MONEY I WOULDN'T BE TRYING TO PROMOTE MY SYSTEM FOR OTHERS TO USE! I WOULD BE OUT BUYING A NEW CAR, DRIVING AROUND FOR THE HELL...

When I got home last night, I looked at my longer term charts (Retro). 1360 is a price level that has served as previous S/R many times. After we bounced off of the 1360 level yesterday, longs would be optimal. The larger price swings were clearly bullish. I will post a more charts when I...

Yes... but you forgot forward testing. It's not worth anything till you can trade it well in real time. BTW all automated systems will fail eventually. An evolving organism requires one to understand it.

The only way one becomes like emg is when one is only willing to hear his own thoughts (one that talks to oneself). If he actually knew how computers worked (they can only do what we tell them), then he would know we are far from the AI that he is talking about. Not only that, but if AI...

Subbed, don't know much about options, but always hunger for knowledge. I have an open m1ne... Saw a video on 60 min recently about HFT. A fund with many quants and server colocation with the exchange reported no losing weeks. They were doing inter-instrument arb. This seems similar though...

What happens to 90% of small traders emg? I forgot :( Yes there are discretionary human traders left. But they are in the minority. They can make a killing if they can read the market properly.

Without my retro charts in front of me, I'm not exactly sure where we are... but 1360 Seems to stand out from what I can remember. So far I would have looked to buy declines after bull trend bars had been established after the 1360 level held. Possible in @ 1365 Long and out 1370. No sim...