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Maybe, maybe not. The problem is, its all guesswork and no real edge in this type of analysis. Too many other factors are at work to consider this a viable strategy or even worth analysing.

so far so good brother. Keep up the good work !

Been trading ES since 2008, and the markets change every year. That's why it's importent to have a system based off price action Bc that edge will never go away. Sure 2010 had more gap ups and downs of 100-300. And 2013 had a lot more trend days

What market are u refering to ?

What instrument do u trade ? What is the basis behind your strategy ? Why doesn't it make money ?

You have to understand that in order to research new ideas, one must backtest. In order to backtest, you must use hindsight. Hence my defensiveness at your reply. That being said, you are completely right. When NOT to trade is often the hardest part of trading. Getting in on EVERY move...

thank you. That has actually helped a lot :)

thank you for your spectacular contribution.

I'll show an example how I trade. Maybe this could even help some newbies out. This is my one and only example: Merry Christmas :)

I guess the problem I have is, I look for 3 specific components in order to place trades. I'm very accurate with this method. I look for the market to exhibit 1) strength or weakness in a specific direction, 2) a buy / short trigger (a trigger identifies supply side or demand side...

Okay, so I've been tweaking my 930est - 1100est ES strategy a bit. And one thing that has stumped me is the following ES chart. I'm having trouble identifying, and trading immediate strength off the open. I trade the ES profitably, but I'm constantly researching for more edges. And strength...

Do u have $50k u are ready to burn on a trading education (ie trading that money and losing it) and do u have four years available to u to learn the business. Some people just don't have the analytical mind needed for this job. Oh, and u won't be trading for a living if u aren't profitable...

How much would you consider "good money"

I scalp the ES and on certain days when possible, I try to hold through most of the day on trend days. I don't, nor will I ever trade off 1 min charts. But I do look at them from time to time. 3 min and 5 min are my entry charts but I look at most other higher TF charts. Every TF chart has...

Thanks to everybody that contributed to my question. I will begin doing more research :)

I've never been good at trading these down days without practically zero pullback. Anybody have any good ideas / ways how to trade this besides randomly going short ?

I disagree. I don't think redneck could have explained it any better. +1 for redneck

If you looked at the 4 hour chart before market open, the ranging chop was a likely outcome. We are in the 'uncertainty' area after a move up. If you trade the 1 min or 5 min bars, you know that right after a move up, you want a pullback. Trading the area between the top and the pullback is...

Is your system counter-trend scalping ? Thats pretty impressive to grab any counter trend profits on a day like this where you could throw a dart at a random time, go long, and make money.

awesome trade !