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yesterday the ES traded from 1045 to 1039 early then held near 1055 until 2:45pm est. That was a strong sideways trend until they squeezed higher once shorts got rooted out of selling every pop. but it was far from a grinding, stair-step trend move higher. I'm sure we all have experience...

1min chart is fine, depending on what you look for a 2min chart can be even better for the smoothest clarity, a bar chart such as 500(ish) tick or 5000-volume is even better... depending on what you look for as actionable events in a chart 5min setting is an absolute eternity in high...

are we talking theoretically or realistically? theoretically, seeing time & sales would help disclose what was taking place there, logic behind pullbacks versus breakouts, how much heat each trade was allowed to take before it worked, etc realistically, there was no way in hell the poster...

well, you have every right to disagree. but the fact remains same: to hedge risk is to reduce or remove risk. when taking an opposing trade in something that affects the open trade, what you have effectively done is closed part or all of the initial open trade and/or its favorable leverage...

Lying is many things. One of the first would be pretending you are interested in joining a service as a client that's actually yours. I think any reasonable child on upwards in average intellect would agree. Lying is also when you continually pretend to be an unbiased prospective client when...

buy & hold is a joke. hold until when? buy the ES 1070 on 9/23/09 and where are you today, eight months later? buy anywhere past that and you are underwater... other stats rendered moot 4 turns per one hour may be appropriate these days here, but a good trader can beat buy & hold for the past...

if I may? "think" you are benefitting versus "actually" benefitting are two close-knit but very different things. hindsight is usually the reality check as for trying to structurally predict what the tapes will do from spot A to B to C in current mile-high volatility environment, forget...

ES 1000 and then down near 960s are some lower gap objectives probable to be visited sooner than later

I agree wholeheartedly. With more than a little systems writing background behind me, I know for a fact that marketing any type of "system" is 100% failure for sure. Trading is all about creating a technical edge, then managing oneself to exploit that and stay out of its way with other human...

maybe I need to read thru that one more time... but it looks like you're talking out of all three sides of your mouth there. you are willing to divulge valued info, but you can't. ingenuity can be simply plugged into the market and make the operator (inventor or free recipients) money...

because that is an age-old myth with absolutely no reality behind it, in all reality. a true market edge can never be negated by the masses... basic human nature negates that itself :)

Let me articulate concisely: to "hedge" something literally means freeze its current value from decay or appreciation alike. You cannot "hedge" something from further loss while preserving total gain regardless. The only way to do that is by placing fixed exit stops to prevent loss from a...

That gap sitting up there at 1109.75 is probable to close, perhaps today. Further gap-down open sessions are not likely to keep going lower... it'd be a gap-up event more probable to roll over. If they start heading towards that 1109 zone, especially on a straight-grind rally type day, hold...

exactly right. the term "hedge" means to limit or remove further risk by likewise removing any further chance to profit by the exact-same amount as hedge size. to hedge a $1.5mil with $1mil of protection = closing out $1mil of open trade, leaving $0.5mil open for further risk and potential...

agreed on all counts... I know of institutional traders who are fully automated as you describe. I know of retail traders who first master the understanding of discretionary approach and only then can understand the limits of mechanical trading. for the guys (gals) who think they can simply...

I've known a few guys who do fairly well running systematic models only. But all of the guys I know who make what I consider big $$ retail ($250,000 min to seven-figures annually range) are all discretionary traders. The emotional need for 100% mechanics is just one stage of the development...

gap fill = pivot tap by the close is statistically probable. I'm away from the screens until next week... scheduled a trip away back when ES was trading sub-10pt range sessions. sucks for me, but trees will fall in the forest while others present harvest the timber. y'all save some kindling...

never. imo if someone opts for sponsorship in this or any forum, there is a code of conduct to be upheld out of respect to the site. I stepped below that today, and it will not happen again

in reference to the 12th incarnation of F112358 alias this morning, I apologize to the thread for engaging light banter with him/her. Won't make that error in judgement again, anywhere in this forum.

50% of gap near 1098+ is first upside magnet