Search results

Wouldn't be surprised if 17's hold up as session lows and 21-22's are the highs :(

1947.25 based on the holy grail trading system, then a 6.5413% retracement

Tight morning range but very tradable for me. It's refreshing to see my new strategy does well in low vix environments. Last year my strategy was getting chopped to death and that's where I saw large drawdowns. Now I'm trading 1 min charts, with lower profit targets and quick exits with...

:eek: Actually, I think smallstops made a very wise and spiritual statement. What I think he meant was "each person has the ability to create their own reality. If they lose their job, it was meant to happen. They have the choice to decide where to go from there. Do not worry for them...

Not a fan of the slow churn up with contracting volatility. I understand that this is the day before a holiday, but today was the first day I've had to take a trade with a higher TF due to the lack of volatility in the markets. Less volatility = less opportunities, which means less margin...

I'm sorry, I had to LOL @ that.

Last time I saw a breakout with this PA we ended up selling off the rest of the day

Hope somebody capitalized off that, b/c I sure didn't. I don't trade lunchtime action anymore. 1130-130est is off limits.

Inside day sell-offs after a previous uptrend day can have difficult to read price action because the price shows as demand failure rather than strong selling pressure. Demand failure action, i define, as bullish patterns that continually fail. These are often tougher to predict and trade off...

Exit strategy: Much much more important than entry. I didn't believe in that statement until I developed a very good exit plan that I can actually write out.... 4 ways of price movement that can help develop this plan: 1) Immediately goes in your favor.....recognize the PA of these based on...

Why are you going to a prop firm to trade forex ? Forex gives u plenty of leverage without a prop firms help

don't let the naysayers detract you. 10x return in 6 months is very difficult, but not impossible in futures. I wish you luck. The mind is a powerful tool, especially when you have the proper skills, and a confident mindset. Looking forward to seeing the results.

how many pullbacks / retracements has the trend made ? If it fails to hit your target while having already retraced 3 times in the trend, i would consider exiting. Assuming u are using candles, are the up bars contracting in length ? Numerous contracted candles spells exhaustion for me. I...

What instrument do u trade ?

After yesterdays doji on the daily, price will usually need at least a few more days to provide some sort of failure before beginning a down move, IMO. Therefore, you could have saved yourself a bit of time decay. Hope your ability to read price is better than mine and good luck

Its simple math. Lets talk about a 2x etf IF, the price of the index is $100, and it goes down10%, its now worth $90 THEN, The 2x ETF will go from $100 to $80 IF, on day 2, the index goes up 10% again, the index goes up to $99 Then, the 2x goes up 20%, and the index is now at $96 Now...

Swing trade, buy and hold, or trade international markets.

I haven't calculated my totals this year so far as I've been in the process of bringing a new system in line for the past few months that has a somewhat smoother equity curve. But when I was trading, I was profitable.

It was somewhat predictable if you study how the volatility of the ES market contracts and expands. When the 60 min RTH chart is trending for a number of days without testing the 20ema, volume starts to dry up, as does volatility as all the big players are in, and merely waiting for the slow...