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+1 The endless cycles of our profession... boom and bust, rich and lean. When markets contract to such unusual degrees of low volume and volatility, the opposite end of spectrum comes next. Resolution of this extended lull will see all hell break loose in the markets. Sooner or later, it's a...

So everyone who bought ES 667 thirteen months ago is holding to cover at ES 1300 sometime in the future? Or your theory is that those short from 1300 held all the way down and will only cover if stopped at par some seven hundred handles off the low? There ain't one trader left on earth of any...

Is that true or false? Are you sure of that personal observation? If so, it is fact. Now what are you going to do with that information?

It'll all make perfect sense... once you graduate from pikerville and reach lescor's level of play. Give it seven to ten years from now, and revisit this conversation then.

every decision and every act that the US Fed makes in the past 1.5 years has been to indirectly or directly impact financial markets. US financial markets = consumer sentiment. Consumer sentiment is the US economy. Look at all of the magazine and newspaper articles now. They all contain the...

no, but we've had two-way stock markets up until about one year ago. then they became one-way stock markets that went up overnight, first 15min, last 15min or every other ugly way possible for day traders to navigate. any wonder why tumbleweeds blow thru the P&L section where big profit...

lololol... lately I take smaller profit swings out of trades than my initial stops used to be. if the markets get any tighter, we'll all be needing free mental healthcare benefits

fwiw, I'm not spouting sour grapes. I made money today, and I make money more days than not. But it's one helluva slugfest with the tapes right now, overall consistently deadest intraday tapes anyone has ever seen since pre-1999. stock markets go straight up overnight or final few minutes of...

I would personally define "manipulation" as any government backed attempts to influence free-market direction up or down. If any market is pressed either direction by government force(s), that pretty much bastardizes the "free" part imo

and how did those short-term long positions work out today? how did any positions work out yesterday in that 5.75 pt S&P range thru 6.75 grueling hours of govt propped chop? basically, the fed has screwed all markets from normal auction theory price discovery. there is no daily auction...

your US Federal govt by its own public admission holds millions shares of C now worth billions $$, hundreds millions $$ various notes and bonds debt, and has propped up numerous public companies with direct graft straight from fed coffers. now exactly what part of that isn't direct govt...

Right now the ES is a tough, tough critter. Volatile, directional markets are inefficient: dull, sideways, low energy markets are efficient if we define the term "efficient markets" as a measure of available profit potential against risk involved. The ES in particular and emini markets in...

with respect to lescor's thread and focus, if I may... the key to profitability in ES or any futures market is simple, easy and has been expounded upon publicly, time and time again. retail traders with modest to moderate accounts must target profitable swings that cover several index...

speaking of "there must be a reason"... what motivates you or any failed (aka quitter) trader to invest precious time (on a Saturday, no less) telling complete strangers on an anonymous message board that the topic of interest to them is impossible. In other words, what do you personally...

It was the "#1 daytrading is for dummies" quote I referred to. Pretty sure there are some daytraders here with greater % returns overall in several different single years than his 8-yr cumulative % gain. I'm a swing trader at heart... be it intraday or across more than one session. But saying...

Backing out the 1999 gambler's luck result, you are up +10.69% in eight years annualized on 30% capital and 5.6% in eight years annualized 40% of capital applied against 100% capital invested in fixed income for eight years. Or your investing could be expressed as +397% return on 70% of...

I would be the first to flog anyone who proclaims trading is anything other than a learned craft that takes time, effort, time, effort, work, study and personal accountability. I'm on record many times saying that attempts to follow someone else' live trades in a room setting is 100% failure...

fwiw: I've spent a lot of time over the past few months examining message boards for a pending project that has nothing to do with trading or financial markets. Some of the boards I have researched (non-trading) are similar size while others are much bigger traffic than ET via quantcast...

now it's totally a lark, but look how CL traded right down to that bogus data this morning. hopefully NT pushes test data 5 bucks away from resting CL close next weekend for the big $$ fade {lol}

you know the rule on those fat-finger events: market always trades back to test the outlier extremes. Maybe that's an omen for Monday ahead of the fomc blather. Cross your fingers <grin>