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ES His account is not big enough to trade ES........

I only had time to take one trade today. It was averaging down. I have to quit for the day. Here is the 5 min chart showing the trade. I averaged down long 7 contracts (2 on the last entry) then exited all seven with $1700.00 gross. I didn't follow it exactly but at one point I know I was down...

This type of price action is called a spike with a reversal that morphs into a SPBL channel (small pullback bull channel). The spike phase ends with that first pause bar (that first bull bar at the bottom). At this point the market can do one of three things. 1) It can have a PB of 2 to 10 bars...

Fer crying outloud. Quit blaming the great Mr T for everything. He is doing America a BIG HUGE FAVOR.

One more thing about that green arrow chart. Remember this! Do not forget it! When an unlikely event happens expect a MM move. Price opens and plunges. Then a smaller bear bar. Then the reversal begins. What is the expected? Just a PB with that big bear move and a continuation south... right...

IPAD with a pen. I email the charts to myself from the trading laptop ..open my email..and download the charts to the IPAD then draw them up with all the magic! However, this last chart above with the green arrows done straight from the computer with mouse pad. Thanks! I always think my hand...

I have not made an analysis of this past week. I don't care about Monday or Tuesday or wed or Thursday. I am a scalper. I care about tomorrow if the market trades tomm. Period. Those other days are over with. They have no meaning for me. I will look at the overnight PA first thing (if I rise...

Keep coming back you may learn some tricks!

I would have gone long at the green X for the second leg up. MM (see blue) why? we had a reversal and I would want to see some strength from it to go long for a bigger move. In first leg the reversal was very strong. Then a PB then a high one entry where my X is at. The PB being 3 bars is a...

Because I trade off patterns and setups within those patterns on a 5 minute chart basically I am more interested in seeing the context for the 5 min chart. However, I will check the 15, 30, and sometimes the 60 minute charts to see where the 5 min context fits within these other contexts. Since...

No I slept in late as stayed ups into the wee hours of the morning watching a movie with sugar plum so I didn't arise for the open this morning. So I started trading late.

Actually that is not the reason I traded long on every trade today. I don’t have a 200 ma on the chart. The two MA’s are 50 SMA and 20 EMA on ALL the different TF charts. I will explain later tonight about going long today if I have the time. I do hope what I share helps and elucidates as...

Finished for day Gross 1150.00 trading ES. Will try to make more comments tonight.

Look at things this way. A 5 min bar chart is a more detailed look at the pressures building in a 15 min chart and even a 30 min chart. A fifteen min chart is a more detailed look at the pressures in a 30 min chart....etc. In other words dialing down to smaller TF’s afford us a look at what is...

Here are some trades in ES this morning will comment later. But can you guess why the trades were all long trades? All winners. First was averaging down 4 contracts. Other three trades were straight long scalps. Gross at this point $800.00

Last magic for today. “The best indicator of Price is Price itself.” Linda Raschke

15 minute chart of same PA and same trades. Tight channel down. 75% probability that any attempted BO of top of the channel will fail, until one finally does succeed. But good odds to be shorting. TACTICS: (two) 1) short in middle and top third and exit on moves towards middle of the channel...

I’ll be adding more....ENJOY!

Take a big bar on any Time Frame. Trades can be taken over and over on most any decent size bar. All large bars are trends on a Lower time frame. View them that way. This is a 1 hour chart of the same price action and the same trades taken on the 5 minute chart that I posted above. The 5 minute...

On my last 10 lot trade the entries circle in yellow they were averaged in (down) into a losing position as price pullback to 50% of the first leg down in the measured move (red MM’s legs to left of chart). Therefore, I was able to exit on the entire 10 lot with profit as the pb failed as a...