Excellent post, DwnUndr, thank you for sharing. Trading for 1 hour a day only works under two situations: 1) if you have a specific set up that either does or does not appear at a certain time of day. For example, there are traders who trade an ...

Call me Vidvad - I day trade futures

Nothing to live down, my friend. The Zeppelin break was a profitable opportunity. Today it was a Zepplin Reversal. Sometimes they are Zeppelin Continuations. Either way, this is a very fitting pattern to use to show the difference between "looking ...

Call me Vidvad - I day trade futures

One key element of the roulette epiphany for me is that this message from TRO finally made sense. I thought I understood it before, but like so many things in trading, I was fooling myself. Are you looking for your next trade or waiting for your ...

Call me Vidvad - I day trade futures

That Zeppelin is a great pattern. That turnip is one smart dude!

Flying Dutchman

Let's not forget that this whole arc started we me noting and SHOWING on a chart an instance where the MES spi0ked 6 points away from the current market while the ES sat on a steady bid-ask spread. That's all I did. Some took issue with my correctly ...

Call me Vidvad - I day trade futures

DOM trading, if I'm not mistaken, is primarily undertaken to capitalize on short term imbalances in the order book, with most DOM traders scalping for a tick or two, maybe a handful at times. Driven is looking for swings that yield 150 tick profit ...

Call me Vidvad - I day trade futures

I'm not a DOM trader. I'm a chart trader whose primary edge is trading level to level.

Call me Vidvad - I day trade futures

That's all I've been saying lol.

Call me Vidvad - I day trade futures

image It isn't cost effective if you cannot control your losses. Losses are the only thing we can control. All I'm saying is that this product as it is currently traded is untradable for any trader who wished to control losses.

Call me Vidvad - I day trade futures

Well, it is undeniable there are stop hunts, I often enter at a limit order at or just below a recent swing low or a recent M5 bar, knowing there are stops there and knowing that institutions will push the market there to grab them. But when a ...

Call me Vidvad - I day trade futures

I wopn't have a position before CPI, PPI, and NGP. I won't have a position before an FOMC announcemtn. But I've held countless ES positions on a technical set up into retail sales and while I have had losses, I never had my stio slipped by more than ...

Call me Vidvad - I day trade futures

I have to believe, Rick, that if Goldman or BOA were the one on the public side of those trades, CME would have made sure the orders were matched which is part of the exchange's responsibility. It was very quick, indeed. And you have to remember ...

Call me Vidvad - I day trade futures

"The price you pay" = the risk you take. Rick's point was also about lower liquidity. I understand that, but who wins? Who loses? When you answer that question, these wide and frequent discrepancies which can be, as you noted, "arbed away" become ...

Call me Vidvad - I day trade futures

CME owns the matching engine and it failed at that point. Those REAL people were not people like me and the other guys and gals posting here at FF. Those REAL people were allowed to dump and pump what is obviously an easily manipulated market. They ...

Call me Vidvad - I day trade futures

With the increase in volatility in the NQ and to a lesser but not insignificant extent the ES, coupled with the unacceptable bucket shop behavior of the MNQ and MES, I'll be focusing on the MYM/YM for the immediate future. I set up a progression to ...

Call me Vidvad - I day trade futures

You might want to go back in my journal where I copied and pasted his HOLO rules and made some changes, specifically noting where my money management approach diverges from his. At the same time, I have and possibly always will be more comfortable ...

Call me Vidvad - I day trade futures

Good luck! Keep us posted!

Call me Vidvad - I day trade futures

Don't gold back, TS, I'm all ears!

Highest Open / Lowest Open Trade

This afternoon's ES HOLO. 1 hour ES, dotted yellow lines are HOLO, red dashed line is current high of day, green dashed line is current low of day. 5 points profit on ES = +20 pips/ticks. image

Highest Open / Lowest Open Trade