firewalker

and out BE again :\

stop moved to BE to protect position

ES short 1220, around yesterday's low

interesting divergence between the NQ and the YM!

yeah 5min would get me out way too late...

that was a bit too optimistic... out -2 @ 1218

out BE... I'm thinking lower high here potentially re-short so I'm back in from 1216... too bad it just stopped me out

which just happened. so +4 out at 1213 other half BE

Cheers Dinos. Actually I didn't take volume into consideration this time, it was a nice confirmation but even without looking at it the strong rejection was a no-brainer...

Hi smb, check out last week, I made only one losing trade and did quite well on the ES. Whether it's a coincidence or not that we're into September that remains to be seen. But the confidence is coming back and fortunately so are the profits. PS: reply message is underway

first exit will be at break of the supplyline

ES short 1217... classic 'flip trade' me thinks

Thanks, I'm still cautious because during the summer I had some pretty bad streaks, and now all of a sudden it's going very smooth again... just hope it's not a coincidence!

Thanks Dinos, almost thought I was talking to myself there for a while I guess you have perhaps developed some sort of sense where you don't need to look at volume anymore to understand what's happening in the bars themselves...

scaling out rest at 11220 for +105

scaling out at 11280 for +45

stop moved to breakeven

DOW short again at 11325.

too bad I got stopped out breakeven on the other half while having lunch...

Ey! You shouldn't be posting at all, remember? :deal:

I'm curious as to how others see reversals. I copied this post from the private forum to here, so others can contribute as well. Question: at what point do we have a reversal? Imo there is no right or wrong, as I think it all depends on what you personally see as a reversal. After you answered that, the second question is where would you go long. I've marked some potential long entries. I removed date, time and price levels because it doesn't matter what instrument or what timeframe this chart is.

Question: at what point do we have a reversal? Everybody is free to participate, so let's not always see the same hands There is no right or wrong, as I think it all depends on what you personally see as a reversal. After you answered that, the second question is where would you go long. I've marked some potential long entries.

That's quite a different view... a lot of it comes from what one defines as 'a reversal'. I guess erie takes the classic view when the last swing breaks, after a break of the trendline. But I am cautious calling things a reversal when before that break of the last swing price still managed to set a higher high (in an uptrend) or a lower low in a downtrend. You say the reversal occurred beforehand, but I think that's only possible to say in hindsight. For sure it might have been a short signal, and most of my trades are entries before the actual reversal took place. Because if you wait to enter until price confirms the trend has been reversed, you're often in too late...

Great activity going on here... there's more activity here than in the Live indices thread right now. So I'm going to bug you guys a bit more I was wondering how many trades you guys on average take per week?

half out at 11280 for +50 stop BE other half