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2935-36 might reverse this. Magic number. If it rips right through that - 2916,50 by the Close.

They're just taking a breather today so that they can get better prices. :)

Possible bottom here (52,50). But it does appear heavy...

Great entry. NQ have been the weaker one today for a change.

Fast moving market today and with a fairly narrow range so far. The question is: Is this down a part of today's up? Easy to lose sight of the big picture with red bars and strong reversals coming at you fast. A mere retracement on a higher time frame can easily mislead. I'm still long...

FWIW - I only had long signals this morning. First strong buy signal came in at 09:34 and subsequent bars supported it. Supported by higher time frames.

I don't think there's much more upside on this leg, though. I have my eyes set on 3021,50 if we can push through 3000. Lots of air below from last Friday's Close. I'm thinking we'll fill it sooner or later, but we're good for another push higher first.

The market yesterday closed up + 1,71 % on the Day, up + 3,75 % on the Week and closed on top of the weekly range. That's hardly a fail or weakness. It's called consolidation.

My best guess is we'll tag 3000/3021.50 tomorrow or Friday, but quite possibly sell/retrace down to 2860 next week or so.

Exactly. The worst thing about it is that it can work for a long time, but eventually you get caught in that one bad trade which can blow you up. I'm sure quite a few BTFD guys must have blown their account averaging down when the market dropped tremendously this year. And I've seen people even...

Where the hell is @Buy1Sell2 ? I was hoping he would come forth and tell us that the floor construction at 2950 is starting to look solid. :) I think so, yes. Quite possibly 3021,50 by Friday or even tomorrow. However, there's a shit load of air below - so we're probably going to see a sell...

I think fixed exits are a bad idea unless you're a scalper going in/out a lot of times throughout a day. Instead 2RR, 3RR - how about start measuring the size of the swings of what instrument you're trading and use that as a guideline? I know how much ES generally moves before it retraces, so...

I get what you're saying. Scaling trades is an added complexity, but I wouldn't rule it out on that basis alone. Complex things become simple with training and understanding. If I add to a winning trade - I always have a target of where I ultimately want to exit. So on the few occassions I've...

It certainly is. Simply eliminating/reducing bad trades/bad entries takes you a long way.

Hi, SimpleMeLike, Thanks for your comment. I agree that testing is the only thing that can give answers and it may also be a matter of personal preference and general trading style/strategy. Regarding scaling out - I can see that work too, but it would require a high win percentage as you...

Excellent catch. We just filled a long term gap at 2970,50, so might be pulling back a bit now, but looks strong from here.

Excuse me?

I generally do not want to share specifics about what I do publicly, but I did say a late session reversal which should be different than a late session drop. It goes without saying that the market have found a bottom in the last hour more than 8 times since 2008. You're not really saying much...

Thanks for sharing! :) Any more details on your back-test? Which instrument? Time frame? I definitely think it's strategy/time frame dependent, but the general idea should be that you're adding to a trade both as it goes in your favour and as price behaving in a certain way opens the door for...

You didn't get it correctly. The specific pattern is that we made a new HOD in the last 75 minutes followed by a new LOD going into the Close. That has only happened one time earlier this year, one time in 2019, etc. Simply selling into the Close or printing the LOD in the last hour is of...