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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Here is a 30 min chart and 15 min of 4-28 (post #561 trades) I will make a few comments on these two charts. Just look at the bear bars preceding the PB then look at the PB on both charts. Notice the difference in market pressures at the moment of the PB. Compare that with the selling...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Slept in today. Just a few minutes ago made my first trade. Will post later. In the meantime I want to post 15min and 30 min charts of the trades in post #561. My post #563 was a 1 hour version of the trades.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Ok I am gonna post the trades I took today. I took 3 trades. An averaged down long scalp. Next a straight 3 point long scalp (no averaging down) and finally an average down short scalp that lasted quite awhile. On the last trade after the initial entry I added to the position 5 more times...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    4-29-2020 I did take 3 trades today. Will explain later as I have to go to town. But here are 3 charts to look at. The first two are 24 hr 5 min of the MES. One with vol and one w/o vol bars. The third chart is RTH's. All three charts have the trades on them.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Lets look at trade 8 of yesterday 4-28-2020 on a 1 hour RTF chart. Ok first I want you to ignore all my annotations on the chart. Look only at the bars. What do you see? I hope you see what I see. What do I see? 1) I see an aprox 35 point gap from the previous day’s close. 2) I see 3 bear bars...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    I want to show trade 8 in some other Time Frames and make some comments but it is late and I am tired. The wife and I go grocery shopping tomm morning early but when we get back maybe I can add those charts to this thread. I don’t know if will get any trading done on the 29th. Just have too see.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Ok lets look at trade 8. As you can see trade 8 was averaging down short on 4 one contract entries. On the chart which is a 5 min chart you can see that I am averaging down on a two legged PB. So, why would I keep averaging down as opposed to dumping the losing position, reversing and going back...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    I won’t make comments on every trade today. Just look at the charts I have posted and based on what I have discussed in several posts see if you can figure out what cycle or phase the market was in for each trade and try to figure out the tactic I employed for all 12 trades taken today. However...
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    Understanding price action

    WHAT??? No way Jose. You must have had a really good capuchino or expreso minutes ago.
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    Understanding price action

    You are right but getting a few counter punches in .....well there is some fun to it. And who knows just maybe something will clik on one statement...one sentence...one word..but the R:R is not good as they don't even believe in one bar. LOL
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    Understanding price action

    Traders use “more buyers” or “ more sellers” in a generic sense to describe the forces at work. It is possible to have fewer sellers than buyers and price go down. You could have buyers backing away and price go down. You could have sellers backing away but the sum total of orders on either side...
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    Understanding price action

    If every bar is random then the culmination of bars is also random and you have no story to tell nor anything to guess. Actually, ALL bars regardless of time frame tell a story. You just have not learned to read. This thread has really driven home to me how closed mind and blind people can be...
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    Understanding price action

    :rolleyes: Birds of a feather flock together....
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    Is Technical Analysis a joke??

    Some monkeys didn’t adapt. They didn't lose their tail. Nor do they drive a Toyota and send a rocket ship to the moon. On the other hand some people can “act” like a monkey. What’s up doc?
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    Is Technical Analysis a joke??

    So tomm it will be turkey? Then next year a buzzard. In a decade it will become an iguana tail and all! Sounds kinda stupid doesn’t it? If you came from a monkey you better hope you forever dropped the tail..ROFLMAO.
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    Prudent Risk Management Is The Only True Edge In TRADING

    Forgive me but very funny Freddy.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    PS I guess Mickey is sipping on coffee and scratching head thinking "how can this be." See Mickey ...Bar by bar analysis and seeing how it fits into the intraday PA IS NOT rubbish and can lead to ANTICIPATION of what will probably happen next, and with good odds. Or I just got lucky? Funny thing...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    I gotta get to caulking ...my sweetheart may get mad. I need supper. Bye for now. In summary 12 trades. 11 winners. One loser. See this can be done practically all day long nearly everyday except on the days it doesn't work ROLMAO. When you encounter a day like that you will know what to do...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    The 12th trade. A long scalp. I did not follow it too far. Why not? Well still too much weakness. It could and did drop further on down on that next bear bar. But I grabbed that chip and left the casino.
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