Quote from JimmyJam:
OK, care to give us an example?
RTH? 
JJ
Edit: RTH = Real Time Hours, ie, Live Calls. I've been paying attention to yours, and the results are kinda mixed.
Sure.
I'll use YM (RTH) since that's my "primary" instrument....today, 2m chart
First 8m of trading(not an important period of time, just the way it played out today) rally attempt was capped @557... low risk trade = S @552-555, stop 560-565. I use a very fast ATR valueonly, not indicator, to determine (very short term) price zones.
Looking a bit further into the trade day.Report coming at 10am EST... no position going into report, market again tried to rally (still capped, hmmm, report looming) That rally would have been a "guess" entry. The break of daily low at the time, on volume no less, was the low risk entry, S @540 (on a bounce) stop @547.
I think you see the difference between a guess vs not.
Osorico
EDIT: As for my calls... I make very few. Frankly making calls is distracting to me based on the way I trade. I'll sometimes make the call for my last trade of the day... it's a win or lose at that time. With no reverse, reenter, etc It's would be impossible for me to call ALL my trades.
