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My experience has been trading is not for the faint hearted or naive. I am definitely in the 4 out of 5 group category. It is easy to get burned. However, I do like "take what you like and leave the rest mentality". In that vain, the idea of expanding indicator set to something more than...

But Keep it simple! Keep it simple! Keep it simple! Opportunity knocks, scenario 1) Day trading perspective. Mark off intra hod/lod using horizontal lines after the first hour or so in the morning day trading session. Look to see if the same resistance/support levels are approached in the...

As I am posting this , a nice b.o. on ES ( using eastern standard time) A) beautiful b.o.(price,macd,volume) 13:39 B) 13:45 MACD div C) 13:50 STOC hit overbought D) 13:50 MACD histogram > |.4| E) 14:07 Broke loy F) 14:31 hit res @ intra hod G) 14:40 MACD conv -> xover H) 14:48 2nd...

"On ES any contract volume over 10k per 5 min bars will not be current....." I use qcharts and in their defense although my bias is their feed is average/not as good as the competition, my experience has not been as bad as others. It is a two way street, and one has to be somewhat...

---------------------------------------------------------------------------------- Quote from grob109 "It is the neatest thing to be traded against by people who think that you are wrong." ---------------------------------------------------------------------------------- Why ?

---------------------------------------------------- Quote from bubba7 "If you were following the market on Wednesday, though, you would be looking at Thursday Am the same way. This would immediately put you on the 30 min." ----------------------------------------------------...

I was wondering where the tape is today? I see white space on the 30 min and a very very slightly sloped tape on the 60m ? I am assuming a rocket this morning from around 10:45 to 12:05 ish? Or is that incorrect ? Would the rest be considered slalom territory? If so, what would be the change...

I am a beginner and have been there longer than I care to admit (lol). Many times I have exited too early only to see the trend continue 'nicely' on a slower time frame. This translates to severe retraces on the current time frame I am viewing. It is very frustrating to exit at a loss only to...

Jack, a question for you: I've seen you use the term "pro rata volume" and am not sure how to measure trend volume. Any time frame has, to some degree, an arbitrary element to it. Using the 5 minute time frame as an example. There is no guarantee the beginning of a trend will start on a 5...

oops (sorry Jack). I did not see your post:rest of day http://www.elitetrader.com/vb/showthread.php?s=&postid=305223#post305223 First thing I noticed I did wrong was I did not use pt#1 from previous day. I know I’ve made this mistake before and just have to remind my self everytime I...

Hi everyone. I had a tough time today. On an emotional level I am a very immature trader and being married to the 1 minute does not help my hairy triggers. SCT is a bit advanced for me. Emotionally I am not there yet. Technically as well. Looking at todays' 5 min chart I saw some beautiful...

Let me premise this by stating I am not a professional daytrader and am learning here. Basically just trying to learn how to make a buck. Learning curves can be painful. For me it usually gets very hard before I make a break thru into a new way of looking at things. That’s the price I have...

Jack's stuff on wash trades and reversing Reviewing Jacks' commentary it seems one has to be well versed in flaws to perform a seamless trading style. I tried to come up with a pic to match the comentary here, not sure how accurate it is.....

Jack, I was following your stop log today, am having a hard time. It is easy for me to make mistakes interpreting. You cover alot of ground in only a few sentences. - Sync occurred approximately 9:45 where price centered at 992.1 and using +/- 3.2 offset for brackets. Fractional...

Some observations in Learning How to Slalom Great thread, am learning a lot. There are some real aficionados here and am falling behind the curve so to speak (lol). One thing I am learning is that it is one thing to paper trade, quite another to do it with a real time simulator and totally...

Jack, Your comments about position of IT carrier and its affects I find extremely interesting and insightful (but need to review it thoroughly before I can absorb it). - Steep negative slope IT channels translate to -> longer duration oversold rockets - Steep positive slope IT...

There were some real gem vdu/inside bar setups also..... 7/16 - 11:15 7/18 - 12:10 (kewl)

What is the assessment of the current IT channel in play ? Looking on the 30 min chart, I have a long channel drawn in using 7/1 morning , 7/7 morning and 7/10 afternoon as points 1,2,3 respectively. I noticed that the trend failed to traverse to the lt line 7/14 which started a narrow...

Hi dgabriel, I have noticed that spammers' are back on the stochastic thread. True to your word, "The censorship here absolutely is biased. It targets personal attacks." Would you be so kind as to delete the appropriate posts. This thread is picking up a lot of momentum and...

We are on track, well almost, - America has lost 3 million private sector jobs in the last two years -Long term unemployment has more than tripled -Unemployment is higher than it has been since 1994 -A 4 Trillion dollar National debt -1.4 million Amercians have lost their health...