The rhythm of the market As a market trends it may do so with a certain rhythm. For instance in this USDJPY 60 minute you can see the swings to the upside tending towards the same size. These are shown by blue trend lines and blue rectangles at the ...

(binned per thread starter’s request) Trading with the Blues?

A final chart for today's /MES There was an attempt at a new uptrend but it failed. Despite that many bought bullish trend bars into resistance hoping to front run a breakout to the upside it failed with the appearance of bearish trend bars for ...

The brutal truth of day trading

GEfx you're using different symbol terminology than I use. I have been referring to /ES S&P500 and /MES mini S&P500. When day trading targets are actually not determined in the traditional sense. I alluded in the above post to how taking profit is ...

The brutal truth of day trading

/MES (mini S&P) is a nice futures contract for beginning futures traders. Each 0.25 tick is worth $1.25 compared to /ES which is $12.50/tick. I use think or swim which requires a minimum deposit of $1500. To trade /MES you must have a minimum of ...

The brutal truth of day trading

New highs have failed and the appearance of bearish trend bars, which are all entries for many, forecasted the current downtrend. The break of support with a trend bar again is an entry and the retest with trend bar is an entry. Futures day traders ...

The brutal truth of day trading

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The brutal truth of day trading

F/U. Price tested support. Buying the trend bar with a buy stop 1 tick above it with idea that price will at least hit the high since NY open and perhaps exceed. image

The brutal truth of day trading

F/U on my UJ trade that I've been in pretty much the whole week. I thought it was goin to take me out yesterday but it reversed and it is again trying hopefully for a HH where my target lies. Of course this again is pure trend trading on a H1 time ...

The brutal truth of day trading

In years past I was an active participant in Redwords thread "Price is Everything". One of the things I enjoyed most about was the rule "charts not chat". Of course this was to reduce not only chat but the so called "all talk, no walk" BS that ...

The brutal truth of day trading

Follow-up Markets do trend and often have an identifiable rhythm that can be exploited. image

The brutal truth of day trading

I only care to respond to the thread starter's first post. Day-trading commodities or futures is highly lucrative. Denying this is ignorance. Yes many are clueless and lose much but it doesn't mean many aren't making a very good living with futures ...

The brutal truth of day trading

"Trading with-trend" is a loaded statement and yet it is the thesis of this thread and one I stick by as the answer to many who are experiencing difficulty with trading. Say that and you get all kind of questions: What trend? The daily, weekly, ...

(binned per thread starter’s request) Trading with the Blues?

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(binned per thread starter’s request) Trading with the Blues?

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What kind of music you hear while you trade?

Demo trade Highs/Lows of trend shown. Trade based on bearish MACD crossover above zero line in down trend. Entry was on PA pullback but I messed it up a bit so entry a little late. image

(binned per thread starter’s request) Trend Trading the MACD

Beginning this new journey with an indicator truly defies my previous mind-set regarding trading without indis and with price action initiated trade entries. Leading me to conduct this experiment with MACD are the many incidents of missed entries ...

(binned per thread starter’s request) Trend Trading the MACD

Price moving down. So far bearish MACD crossover in new downtrend is working out. Text in image has been updated from previous post. image

(binned per thread starter’s request) Trend Trading the MACD

Sell? image

(binned per thread starter’s request) Trend Trading the MACD

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(binned per thread starter’s request) Trading with the Blues?