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How else can one take 2-3 times the RTH range...? :) Just teasing you all.

Surprisingly busy here during market hours.

Right. Can you elaborate on why you're trading YM instead of the other contracts? Do you find it easier to trade/read?

My target was low 60s, but I decided to trail it tightly as I've had one too many trades revert on me. Got high ticked on that one. Did another short at mid range with a tight stop, but scratched it and reversed long as I saw NQ ripping through the Open and realized I was on the wrong side of...

I just take it day by day. Short this morning. Long this afternoon. But I totally agree that in the grand scheme of things this is just an oscillation which may mean squat. I imagine tomorrow's FOMC data could easily spark this both higher and lower short/medium-term.

The question you should ask yourself is if it's possible to lose 20 % per month. And since you're asking these kind of questions the answer for you is YES. :)

It's been a while since we had a V like this. There's been a few A's, though. Yesterday was an A. At least close enough.

Considering the fact that you have expenses, pay taxes on your profits and that you actually are providing a service I don't see why trading should not be considered a business. Sure, the futures market would not cease to function if an individual trader stops trading. Just like the corporate...

Impressive recovery. Big news tomorrow:

Well, it's September... :) SPX have an open gap around 4405. Seems likely we'll fill that today.

That seems to be correct. Honestly, when I first came to ET I was naive enough to believe that this board was swamped by wealthy traders. Yes, elite traders. It took me a while to realize that the board was in general swamped by the opposite type and it took me even longer to realize how...

The topic could just as easily be, "Why do intermediate or experienced traders lose?".

Scratched the first entry. Looking to re-enter if the morning low holds. Targeting 4520 on the day if we breakout higher. Outside Day possible, but might be asking too much. Could of course break lower, too.

Successive FBO's plus positive NQ divergence. Looks like a good long entry to me. 4493.50. Small stop.

Continuation lower or rally back into range...? I can see late shorts getting rekt today. The latter seems most probable, but I hold no strong opinion yet.

I don’t give two shits either way and I think you’re a good guy, but your entries don’t seem to be as transparent and timely as your exits. Anyone posting trades should be as detailed on the entry as the exit. IMHO of course.

Nice swings. Impressive recovery off the lows. A bit of volume coming into the market as I imagine bigger players are trying to digest the CPI number which came out today. I still think we're due a new push lower, but probably one of those less predictable days. If we reverse higher and print...

I have 4707.25 as yesterday's LOD - which just broke... :cool: Let's see how far we go. I'm happy with a nudge below 4500, but could go considerably lower. Remains to be seen if we get any trend lower or if it's another messy range bound day. Dunno about 10AM. It's not uncommon with a reaction...

Did we? Maybe my charts are messed up after rollover, but I have a flat open inside yesterday's range. Stats gives high odds (but not 100 % of course) of a drop below yesterday's LOD.

Good fade, so far. LOL. :) Still printing wide swings here. Too early to tell.