Perhaps this was true in dealer desk trading environments and perhaps it still is true, although with true ECN/STP brokers this shouldn't really happen. However, spread may widen at logical locations where stops may be placed as these are typically ...

Do you use stoploss?

What diamond?

The end of the US stock market is nearing

Patience is what matters and what I have lacked the most in my life! However, I have repeatedly noted that right at the open there is a setup that occurs in accordance with my plan that completes the situation created in the pre-market. I have often ...

Intraday Trading the US Index Futures

Not at all, this is much appreciated! I had limited time over the weekend, but looked into it a little bit. Will continue with a little study here and there. The fundamental truth is correct, I might not be quick enough or smart enough to evaluate ...

Intraday Trading the US Index Futures

HG - on your entry bar, where you said short on open, what do you make of the 37/364 price level? The 383 is buying at that level correct, volume at the ask? If so, why does so much volume at the ask result in the sell-off? Or perhaps its not a ...

Intraday Trading the US Index Futures

Next trade in NQ; with some profits, felt a little better about holding. Unfortunately, auto-trail kicked in and took me out before i could drag it away (yesterday high was my target and would have likely exited there anyway). +0.25, +7.00, and ...

Intraday Trading the US Index Futures

Today's trades setup in the NQ prior to the ES. Just prior to open there was a swift rejection of last week's high (green dotted line) which broke the last pullback high. This last pullback high was visible on the trading tick interval, as well as ...

Intraday Trading the US Index Futures

This took me so long to figure out and will always be a work in progress, but is so important and led to years more of struggle than was necessary: You won’t win every time; it’s one thing to conceptually understand that, and another thing to really ...

The real Basics - how to start and how avoid the traps

Anyone else's chart look like this?

Cable Update (GBPUSD)

I think the trendline drawing is important. The trendlines will continue to flatten until new trendlines across the bottom can be drawn. The point being that rarely does a trend reverse immediately into an opposite direction, and most usually the ...

The real Basics - how to start and how avoid the traps

My take on this. Trickier bottom formation. You could argue for the trap/failed breakout at the low as a good long, but my plan currently does not allow for failed breakouts, just pullbacks after the trend change. But the trap and reversal would be ...

The real Basics - how to start and how avoid the traps

Thanks to another China tweet, indices moved up nicely. Waited for a pullback in the NQ and got a nice big win. Notes on the chart.

Intraday Trading the US Index Futures

The trade is over, here is the chart. Hopefully this makes some sense. Obviously strong momentum up, so instead of looking for any short, I waited for the "first pullback" setup to go long. I do use some candlestick patterns to trigger entries, ...

The real Basics - how to start and how avoid the traps

Sure, just finishing up managing a good example and will post detailed chart afterwards. Thank you for the invitation.

The real Basics - how to start and how avoid the traps

Thank you for the kind words. I am certainly no expert and won’t pretend to be, but tracking the market as depicted in my image has helped me find some level of consistency, although I am perhaps targeting smaller moves than some of the analysis ...

The real Basics - how to start and how avoid the traps

Explanation on chart. Basically, track HH/HL, LH/LL, when the last LH breaks in downtrend, trend is now up, trade first pullback. And vice versa.

The real Basics - how to start and how avoid the traps

Thank you for keeping the thread alive while I was gone! And appreciate your posts as well, especially with what seems like a bit of an added dimension with the order flow bars. Very limited experience with them myself, so interesting to see how ...

Intraday Trading the US Index Futures

Yes, but changing either the risk or the reward would result in lowering the probability (as he demonstrated with a 55% win rate at a greater reward:risk). Either way, I would focus on continuing with the 1:1 with higher win rate and work to ...

65% win rate

Goal reached on the first trade today, which happened to occur in ES. I was a bit hesitant as the first 10 minutes were a giant doji, but the 15M was a large bull hammer bar, and the NQ was moving up well, so took the High 1 buy with a target in ...

Intraday Trading the US Index Futures