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ES is to CL what Rosie ODonnell is today versus Angelina Jolie in her prime. The two of them are futures contracts, two of them are female (or at least one is) and that is where all similarities end.

#1: what decade are you talking about? #2: how does someone with an alias from last week with 12 posts to his name know about RM and what went on ten years ago?

what I said a week ago. it's that simple. she realizes the truth of trading in what it is, and she finally realized casting pearls in front of people who in turn spat on her repeatedly was not a positive outcome

The "unknowing" newbies that come to places like this have a belief(hope) system in place that what they need to know is shared freely on the web in altruistic manner. They need to believe that active posters here have the secrets to trading all figured out. So I feel sorry for any "vendors" who...

So you have good reason to think that big-money firms come here, to a public message board filled with constantly recycled aliases of the same guys fading trends, averaging down and scalping dimes while (defecating) hundred dollar bills come here looking for high-value recruits? Does anyone...

pretty much what it is... classic traps = springs All of those off-shelf systems are long-term failures in real-time trading, too. Not the fault of setups or logic... purely limitation as to what computers can be instructed by someone with limited resources trying to create simple bots from...

As for me personally, I did not imply that systems trading does not work. I specifically meant that the OP cannot and will not code what he sees into long-term sustained, profitable success. That is solely do the the fact that 1-2-3 type patterns of any descript have so many variables to unfold...

Well either all that if you have lots of time to waste, or you could simply let the market's own daily roadmap tell you what it intends to do with one simple glance :)

what cannot be written by anyone who frequents a public message board is the complex nuances of management for the various scenarios involved with this equation. the OP has identified a key price pattern behavior in the market. he is trying to curve-fit (pigeonhole) results from a pullback...

100% correct. There used to be a common fallacy that any discretionary logic could be written in computerized systematic language. That's a basic assumption of computer geeks who don't know trading. I have enough systems writing experience to know that much if not most of what the human mind...

You are describing a very common trap-spring price pattern I've traded for a few years now... it's one core component of how markets move based on computer programs clearing stops one direction and then v-turn reversing abruptly the opposite. The overall setup is what we label "key-reverse"...

I'd say Donna simply got tired of casting her pearls in front of an unreceptive vocal audience, to mix some metaphors. She discovered the holy grail of trading, which she excitedly shared with the masses here in every possible manner she could articulate. The result of that was repeated...

First of all, who in their right mind even almost wants to subject themselves to that kind of brain damage? Sitting there hunched over a keyboard like buzzards on a gut-wagon in the hot summer sun, waiting for something almost dead to wriggle or twitch so you can chicken-pick away for mere...

ES trading sucks compared to TF, 6E, CL or any major spot FX pairs. Show us a struggling ES trader who is barely able to reach breakeven, and you've shown us a net profitable trader in any of those other symbols. The only reason any retail traders stay with ES is purely sheeple = herd...

not at all... I chart the 6E, 6B and 6S currency futures but fill executions in EUR, GBP and CHF. Other than the 6S - CHF being inverted, all are identical across futures and spot. No different than trading SPX or OEX or SPY index options off ES charts. At this point in time, I don't...

That's it... that is the pure Holy Grail right there. Sit, watch, wait and have no opinion about the market UNTIL a proven price pattern setup confirms. Then and only then take action when trade-entry signal confirms. Enter trade, set initial stop, stand up and step back from the...

a few reasons why most aspiring traders fail: #1: assume it is easy, like mastering a game #2: assume they will make money quickly #3: assume they must make money every day #4: desire to compete with others #5: desire to "prove themselves" #6: assume everything needed to know is...

No one ever knows anything for sure about any specific single day or trade... nor does that have anything to do with profitable trading, at all. At exactly 9:06am eastern time this morning, crude oil laid out its daily roadmap for anyone & everyone to view, measure and interpret. Every single...

anyone who chooses to read a market's roadmap from 9:06am est can see where price action itself tells the story in advance.

keying off cleaner charts than your 5min or even 1min and the right chart tools for reading price action on said chart will put those gains in your pocket, instead :)