OAC

This is the best piece of trading advice I have seen on this site. You mean it came from Linda Raschke ? Damn, I better stop my chauvenistic ways.:crap:

Abe needs to read ALL the books himself and decides which one suit his personality the best. I wish there was one magic book and method. If there was one, too many people would catch on and the method would stop working. Stochastic and MACD were magic in their golden days.

OK, I am revealing my trade secret here: (1) If prices stay above VWAP most of the day = Buy Day (2) If prices oscillates above and below VWAP most of the day = Sell Day (3) If prices stay below VWAP most of the day = Sell Short Day

If you like to trade classical patterns, XLE has many clearly cut patterns on an intraday basis. I find it has less shakeouts probably due the fact it is driven by both equity and oil prices. Sector ETFs as whole are good candidates for Taylor type of analysis " Sector rotation = Big money manipulation."

Hopefully, they won't sell our name, address, phone numbers to vendors across the country.:frustrated:

Can you post an audio recording of your last seminar ? If not, I may have to ban you for spamming.

Don't talk like that, Newbies here would think you have the Holy Grail.

Walter, what do you mean by "superbclean timingtools" exactly ? Adamnet said that he is like a cheetah, isn't that good enough ?

How do you know she is Bi? Or not a drug addict with Aids or even worst, being sent to us from EliteTrader ?

And don't fall into the "Grass is Greener On the Other Side" sydrome. People that say you can't are people that don't know how. Hey Reaver, how can you tell which way the market is going by reading a bunch of letters ?:haha:

There is more than one way to skin a cat. Why can't you make big money from scalping ? The key is really consistency. If you can consistenly make one ES point day after day, you simply raise the number of contracts ten-fold. Before embarking on a new swinging type of strategy, I recommend you analyze every single one of your scalp trades in the past year in reference to different factor as: time of day, type of day, breakout, trending vs congestion, degree of volatility , or any other factors that you can come up with. I believe this process will benefit you greatly. Surely mean-reversion strategies may be nice. Like anything else, it takes time to achieve a degree of mastery.

Don't get any more juicier than this, otherwise you will be banned. And you have not made any relevant post about trading since you became a member either.

Hey Tingull, How come you don't pull up the Market Profile chart on GOOG ? It should have plenty of volume. May be another whole world of possibilities awaits.:helloooo:

Now we may not have to worry about the Low-Volume part because we now simply may get fewer rallies. :o Swing Traders, did you put in your stops ?

Single at 1550.75

I find Dynamic Pivots work the best.

Darth: Your observations are good. I am many times too close to the action to see the forest from the trees. Other people like James and Dogpile do a lot of Pre-market Analysis. I am just experimenting and try to see if posting my analysis will help me trade ? To tell tell you the truth, I still think the analysis is not that important for a Daytrader. I am still a firm believer in "Trade What You See and not What You Think"

Today's high barely overlap the low of 10/11/07 at 1556.5. If last Thursday's selloff was wave 1, today's high could still qualify as a wave 4 high. One of the definition of an impulse wave is that wave 4 correction cannot exceed extreme of wave1. Also since wave 2 was a simple ABC correction, we have potential of developing a complex wave 4. Sp with major international news in the background, we need to monitor this carefully

Why is it messy below 55? We have Yesterday Value Area High= 1552.50 and POC= 1550.5

Alert!! Breaking Major International News

I am glad to see all that volume yesterday. There was a reason why CD leg didn't quite make it to the length AB as I pointed out in one of my post yesterday, it was held up by this big support line I was talking about. The situation was much like being squeezed between two major moving averages, all that volume means is that it is building up large amout of potential energy like a spring being wind up, once release. Watch out. And Dogpile, pay attention to your flag. Hopefully today will be a patriotic day.

Today's overhead resistance zone for ES: 1563-1566

According to Dogpile: if you play Pinball, you can come join our daily ES analysis section at: http://www.traderslaboratory.com/forums/6/es-trading-for-10-15-thru-2641-2.html#post22005 If you don't play Pinball, then you have to stay here.

I am looking at the longer term cash chart, it looks like we are finding support at an Action/Reaction line here. There should be a nice bounce tomorrow. On the other hand, if we gap down and have an open drive down early on, then a lot more selling can be expected. Also a directional day is possible tomorrow after today's relatively symmetrical profile

Very good. That means you didn't work for the Churnthm and Burnthm Securities.