firewalker

actually, it was one of your trades this week (that I skipped!) that reminded me to take it (boldly

out Breakeven, and reversed at 830 break of support

took a bit of profits but got stopped out on the other half re-entered at 840...

DOW long 10860...

same place as always smbtnt if it's done in public, we'll just move these threads over so that the content and name remains the same and nobody gets lost...

Flojo, you have BigCharts, ProRealtime and StockCharts that all provide free charts in case you don't have a data feed. Just by looking at your chart, I would say the move lower is happening slowly and steadily, as opposed to the move higher to the left of your chart, which occurred quickly and almost vertically.

Yeah I hear you... I've spent some time in the chatroom too and there is usually more animo there. Some guys have expressed their interest in this forum though, so let's hope we can step up the action a bit

Hi guys, there's not been a whole lot of participation lately in some threads of this 'live trading forum' (I'm not pointing the finger at anyone), but there is interest from a bunch of other guys who would like to participate in either posting live trades or commenting on charts and helping us figure out what the market is going to do next! Unfortunately, right now, these guys can't access our threads because we are only visible for premium members. When we first got here, Soultrader was so kind to provide us with this incentive, but I think we must admit that we are coming up to a point where there is no need to keep things behind closed doors. There are no trolls around here, and those who aren't interest don't participate. So, unless there are serious objections, I suggest we move everything over to the public area and see how things go. To be honest, I don't suspect much change, I just think we would all benefit from having others contribute as well. Over the course of the last few weeks several members have complained about being alone here. That would no longer be the case then Wasp & myself are 200% behind the idea. I hope the rest is too! Thanks to all those who have been loyally contributing in the past, and we hope you continue to do so in the future.

hi guys, there's not been a whole lot of participation lately in the indices thread (I'm not pointing the finger at anyone), but there is interest from a bunch of other guys who would like to participate in either posting live trades or commenting on charts and helping us figure out what the market is going to do next! Unfortunately, right now, these guys can't access our threads because we are only visible for premium members. When we first got here, Soultrader was so kind to provide us with this incentive, but I think we must admit that we are coming up to a point where there is no need to keep things behind closed doors. There are no trolls around here, and those who aren't interest don't participate. So, unless there are serious objections, I suggest we move everything over to the public area and see how things go. To be honest, I don't suspect much change, I just think we would all benefit from having others contribute as well. Over the course of the last few weeks several members have complained about being alone here. That would no longer be the case then Wasp & myself are 200% behind the idea. I hope the rest is too! Thanks to all those who have been loyally contributing in the past.

hi guys, there's not been a whole lot of participation lately (I'm not pointing the finger at anyone), but there is interest from a bunch of other guys who would like to participate in either posting live trades or commenting on charts and helping us figure out what the market is going to do next! Unfortunately, right now, these guys can't access our threads because we are only visible for premium members. When we first got here, Soultrader was so kind to provide us with this incentive, but I think we must admit that we are coming up to a point where there is no need to keep things behind closed doors. There are no trolls around here, and those who aren't interest don't participate. So, unless there are serious objections, I suggest we move everything over to the public area and see how things go. To be honest, I don't suspect much change, I just think we would all benefit from having others contribute as well. Over the course of the last few weeks several members have complained about being alone here. That would no longer be the case then Wasp & myself are 200% behind the idea. I hope the rest is too! Thanks to all those who have been loyally contributing in the past, and we hope you continue to do so in the future.

I agree some indices have their own 'characteristics', but this move higher is pretty much on all e-minis this morning and the picture they painted yesterday was very similar. I just picked the ES as I trade that one most, but I could've chosen the YM as well... There have been a lot of overnight gaps lately, I wouldn't want to be a swing trader! The only news I see is Buffett buying into GS... I guess you could attribute it to that, otherwise...

I was wondering if anyone had anything to say about "the angle & speed a directional move". I try to gauge momentum by looking at how far each swing goes. If price makes new swings bouncing off support, but each swing failing to reach it's previous high, I am thinking 'weakness' and would be careful going long. Basically I am looking at the picture as it is unfolding during the day, and try to adjust my decisions based on what I see, instead of just buying or selling on a signal. Each situation is different, and context is what matters, right? So, here are a couple of charts from yesterday's S&P e-mini 500 (ES). I've annotated the chart with my observations real-time. What I am looking at is the angle of the three directional moves. The first (drop) and second (rise back to S now R) are pretty matched in terms of speed and angle, but the last move, just one hour before the close, is pretty sharp. Price falls quicker and on higher volume too. Wouldn't the bias be to the downside in this case? Yet this morning the market has gapped higher and we are around 1202 as I speak, with price already having touched 1210 (see 15-minute chart)! Regardless of news or any external factor, I am wondering if (and where) the chart showed clues that it was actually buyers picking up on the low prices, instead of sellers dumping more, in anticipation of a further fall.

I was wondering if anyone had anything to say about "the angle & speed a directional move". I try to gauge momentum by looking at how far each swing goes. If price makes new swings bouncing off support, but each swing failing to reach it's previous high, I am thinking 'weakness' and would be careful going long. Basically I am looking at the picture as it is unfolding during the day, and try to adjust my decisions based on what I see, instead of just buying or selling on a signal. Each situation is different, and context is what matters, right? So, here are a couple of charts from yesterday's S&P e-mini 500 (ES). I've annotated the chart with my observations real-time. What I am looking at is the angle of the three directional moves. The first (drop) and second (rise back to S now R) are pretty matched in terms of speed and angle, but the last move, just one hour before the close, is pretty sharp. Price falls quicker and on higher volume too. Wouldn't the bias be to the downside in this case? Yet this morning the market has gapped higher and we are around 1202 as I speak, with price already having touched 1210 (see 15-minute chart)! Regardless of news or any external factor, I am wondering if (and where) the chart showed clues that it was actually buyers picking up on the low prices, instead of sellers dumping more, in anticipation of a further fall.

I'm a long way from rich... so guess it doesn't apply to me :\

something that doesn't make sense seems to work too :o I didn't expect it to fall back so quickly in all honesty...

It could go both ways, but with that reaction on support premarket, that's the third time it does not want to go lower. This increased the odds of breaking higher imo... but we'll have to wait and see (after dinner)!

what's your next potential R on the NQ? I have 1710... but it's having a lot of trouble overcoming 1700. If we can't get past here, the YM/ES can start selling and your short might still come good

still a lot of supply present there by the looks of it! normally I would short here, but the NQ seems to be leading the way and is very strong

I'm having problems trading off the 1min because I used to put my stop 10 points behind the entry, now I need 20-25... 5 minutes is a long wait

I think we're up for a break of 11120...

out BE ...

DOW short 11050

that one didn't make it... stopped out -3

280,290,300... I had whole of that zone with current volatility it's difficult to pinpoint price to a level so I'm trying to be flexible, yet not risking too much by a wide stop not easy though!

out remainder at 200 for +80