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Yesterday I picked off +38 points cumulative in the afternoon using straight entries and targted exits for the most part. Today I tried to get cute and build positions into trend swings. Initial short 1138 became short from 1135+ and then blended at 1133 on two tries this morning with stout...

I personally use the same 1,000 tick chart in all market conditions. If tapes are uber slow, I'll also use a faster setting than that to "look inside" for precision entries. But that's hardly the case, now and for quite some time to come. choice of charts is a very personal decision... I...

I use a -2.00 point initial stop in ES trades now, -1.5 point during dull markets. My personal preference is a 1,000 tick chart but that really doesn't matter much... could be a whole slew of similar choices, 1min or 2min, 5k volume, 620 tick, etc The key to stops are entries. If your...

There is a big difference between looking back at static bars on a chart, and seeing it in color from inside, trading bar by bar live at the time. The speed at which price moves = turns now is more abrupt than any other point in history. Ranges are one thing, speed of execution and movement...

I guess it depends somewhat on which market = symbol is addressed. The Russell 2000 (TF) emini is dramatically different now than circa 2008. There wasn't nearly the amount of algo domination then versus now. Having been my specialty for years, the difference now is profound. Other symbols...

The period of 2008 was easier to trade. There was a lot more actual liquidity (open interest) resting in the market to absorb the massive program orders, so price action was more deliberate on the turns and straighter thru the directional pushes. Now there is a tremendous amount of sideways...

I happened to agree with what you posted. Did you miss that part?

I had stop orders in 3 pts below the market... long trades with stops trailed in the afternoon ramps. That's what we're talking about: "fluid" markets = plenty of open interest on the strikes. There is not open interest on the ladder... all that volume is algo churn playing volley ball with...

I had three different ES trades today that slipped at least one tick... and one of those positions was a meager four-lot that slipped -1 tick on two and -2 ticks on the other two. As for TF... that one is pixie dust. Forget about filling anything greater than 1-lot when the algos are...

http://www.zerohedge.com/news/it-just-went-bad-far-far-worse-germany-says-italy-too-big-efsf-save-refuses-carry-euro-bailout-

Intraday traders who turn five, ten or twenty rounds between the bells cannot mitigate risk thru long options. The premium costs paid on option trades would negate potential profits in futures. Taking smaller stops and larger profits results in blended profits the same way spread tactics...

I haven't watched the video and probably won't take time to, but that's simply because I'm busy. Don's educational stuff speaks for itself. As for the topic of stops... it all depends. If someone has a large enough account and small enough capital exposed to open trades where a flash-crash or...

Actually, I'm usually the jokester at every party. Sorry to have missed your humor, it's tough to catch sarcasm on the web :) As for successful trading or not, it's very simple when boiled down. Losses must be smaller than wins. A lot of ways to accomplish that, but it is a resolute fact...

Surely you jest. If you think for one moment that's what real trraders do, you've yet to meet your first real trader.

That all depends... it is a relative statement above. The average stop needs to be smaller than the average win, because no retail trader on earth bests a +/- 50% win-rate per trade over the course of time... thousands of trades over several years, all market conditions cycled. Those who...

Perhaps you prefer input only from those who do not trade at all? Which we can presume includes you unless proven otherwise... the rule of ET in effect :cool:

I'm not piling on... I'm stating a fact. The TF is arguably 2nd worst possible symbol to martingale, CL being the ultimate suicide symbol for that. I may also be the only one in this thread who can provide a four-figure profit blotter in TF trading today on demand. So i'm just sayin' for the...

No need to worry about that, he'll now be taking regular losses on a frequent basis far bigger than one tick. Anyone who needs to scale down = martingale the TF, in all reality has no idea how to trade. Only a matter of time before the laws of probability grind that plan to pieces. TF...

That failed attempt at trading always ends the same way: broken. Anyone who tries to play the average-down game will 100% certainly lose it all in the end, even if it takes years for the universal laws of statistics and math to kick in. Anyone who tries to play that game is not a trader...

The "trapped" volume doesn't come at extreme peaks... it forms in the congestion just inside there. That's what fundamentally forms the v-turn springs or the 1-2-3 formations reversal patterns. Transition thru that zone is where the stops going either direction are clustered, and that's where...