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Should get a nice drop below yesterday's LOD from here, yes?

So, an anonymous poster with a post count less than 10 and which expressed concerns if he would actually get his money in the end is your source? And one that also complained about all the restrictions with Apex and was looking for better alternatives??? Here's what Apex says: You may be...

Yes. The only time I saw him humble over the last ten years is after the Covid plunge and he was expecting a recovery that would take years. But as luck would have it we recovered that quickly, too.

I would not call Apex a proprietary trading firm, though. It's by definition a bucket shop as your orders never hit the market. Their rules make no sense except from the owners perspective including trailing drawdown on unrealized profits and limitations on drawdowns where your "profits" are...

Wouldn't be around if not. Doesn't mean it's any good.

A common theme in this thread from early on is to not trust gurus. Yet, here we are at page 836 14 years later and hopeful ones are still looking for guidance and an answer where I'm sure none is to be found.

You bring up some valid points. Maybe forward this message to Tom for himself to read. A few additional observations and thoughts. 1. If Tom have a marginal strategy, it's possible he could get a benefit from sharing his lagging signals as additional orders in his direction could move the...

Slow start of the second week of September. Feels like summer doldrum. Let's see if we can get some range expansion by the Close. ES wants to go higher, but NQ is still trading in the lower end of the range.

Great point. There must be quite a few individuals who knocked it out of the park on that one trade/investment or simply started trading around very favorable conditions. I once saw a video of an investor turned trader. Sold his appartment, invested all the money and took big losses going into...

Just checked my statistical data and it agrees with my hunch. Very high probabilities of a new high by the Close, but not quite sure if we'll get the full gap fill as mentioned above.

I think it's very easy to fool yourself in trading. Many of the people here who are trying to fool others actually fooled themselves first and still believes their own nonsense, even though their broker account tells a different story. Then you have those who never made it or at least didn't...

Last week was an Inside Week. They do happen once in a while. If we take out the HOD and don't reverse here (4489 on the September expiry), I'm looking at that open gap at 4502.25 from last Tuesday as a potential target intraday. NQ just made new highs, so I have a hunch ES will follow along.

Right. Like you say, trend lines are no doubt both imprecise and inconsistent. That does not render them useless, IMHO, but it makes you wonder how much value it has as a tool in your toolbox. Of course, there are many uses cases as I'm sure some are trading merely the breakouts while others...

Fun read! I haven't read any of your other posts, but I'll be sure to catch up eventually.

The problem with annotating past charts is that one generally omits all the occasions where trend lines does not work and generates false signals.

Booyah! :) Watching for 4470 now by the Close as long as we hold above 4440 or so, but preferrably the prior day low holds on this back-fill.

That's an initial FBO off the LOD. Slow pace with probing in both directions so far. If we get some continuation here, I would guess 4454 and possibly 4470. So far, it's a range bound session.

Fizzled out and failed to take back yesterday's range. Watching for new lows now. Maybe 4420 if the LOD breaks.

Interesting 2 day pattern, here. Should normally breach last week's low by end of week, but might not be today. Looking to see if we'll trade back inside yesterday's range or not. Failure to do so can be a good short entry. Trading back in range I'm thinking back to mid range yesterday.

I think I saw you complain about fan noise somewhere else on the board. I went the other way recently having resisted it for a while and bought a nice custom stationary rig. Huge boost in performance and it's so quiet I can't even notice it's on. Huge contrast to my old laptop where the fan...