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You would definitely get bad slippage with a buy stop there. That was just above the high leading into the pit open. When price is about to hit a longer term key resistance level like that, where there are a lot of stops, the nearby offers thin out at the last moment and your market order gets...

Wow, where was your buy stop? The only time I got slippage like that was when I threw a stop order just outside the swing high at the last minute. Mainly I enter on 1min pullbacks to catch the price pivot back in the direction of the trending move. At least when you get slippage like that...

Doji: Price bar indicating indecision Me in 2008: Wanting to start day trading, but very indecisive about it NoDoji: No more indecision!

ES must be an ATM machine today for those who scalp with very large positions. Who has access to the Velocity leader board, betcha Max or Dow are up $400K.

Since EON is probably asleep by now, here you go: Scalping is just so instantly gratifying...my longest trade today was 12 minutes :D

In all honesty, I never feel comfortable initiating these trades, no matter how many times I do it day after day after day. Every single trade entry when the price environment is like this feels uncomfortable, and I am totally surprised every time it works. You'd think by now every trade would...

Just keep doing that until you finally take a loss :cool:

Yes, that's a good price, I bought trailing a buy stop above the 1m bars off the range low, so slightly better price.

This is surreal, you can just keep buying and buying, I've had 6 longs with no stop greater than 14 ticks and not a single losing trade. ADD: Meanwhile, the ES traders have all chewed their legs off :p

Yeah, but after the workout, didn't you have that "trader's high"? :D

This instrument is surreal for scalpers, and really low stress, too, not sure how you swingers can stand holding through the daily swings :p

:confused:

Doesn't the market have to officially open before we have a gap?

I worked very diligently for a long time to dissolve my ego with its need to control that which cannot be controlled, its need to be right, its need to gain respect from others. Several positive things happened as a result: I learned that what others think about me is their business, not mine; I...

They want "critical members" of ET to prove themselves. I'd love to see any one of the "TA doesn't work" camp take advantage of this and demonstrate to us deluded dreamers what really DOES work. :D

"Even while enjoying record profits, corporations last year paid just 12.1 percent of those earnings in taxes, their lowest tax rate since 1972, according to the Congressional Budget Office. At least thirty of the country's most profitable companies had a negative tax rate between 2008 and...

Once again proving the "there is no bad entry in a strong trend" hypothesis, if you shorted the ES at the time of your post above (price @ 1429.25), there was a max favorable excursion of 7 ticks; if you went long there, there was a max favorable excursion of 12 ticks. I'm referring strictly...

August 10: "JC Penney JCP has set up to be an ideal short right now. We have entered SHORT at 23.55 and 23.60." Here's what I don't understand: Surf argues at length with us TA traders who use tight stops, TA doesn't work, stops are for weak hands, and so on. I would bet that every...

There is no right or wrong in the market. It just is. The only thing you can control is how you manage your trade. Before you enter, know in advance where the odds of a favorable result become reduced to the point that it no longer makes sense to spend any more money to find out if the trade...

Based on a tactic my mentor taught me, the opening PA was definitely indicative of a strong trend day. I don't remember it exactly, but I think the long trigger was 1418 after the opening bar closed. Bighog, if you're around, correct me if I'm wrong :p