i have not read any but "Tools and Tactics for the Master DayTrader: Battle ... by Oliver Velez, Greg Capra"
its a decent book and i have enjoyed reading it...
mostly i picked up on my own, so i cannot help much here.

Thanks for the compliments..... Thanks all..........

lets stay profitable and reason our trades..........

Plus, i have let go my long from 5587 at 5596...
NFP tomorrow and it is a scalper paradise.......... all the fireworks are over for the day and not gonna see much till the NFP tomorrow......
it would be however painfully slow and gr8 deal of patience is required for these scalps...however i don't fall on that category.......... so im out till the nfp..

so what happened today..........
we went testing 5700 and then lower to the low of the day........
classic preemptive strike on both sides before the big battle tomorrow......
how!!!!!!!!!!!!!!!!!!!!!!!!
all the strong longs ahve been ambushed on the break of 5610 and then again flushing the remaining longs below 5500....... so what is left, the attraction i mean....... offocurse to cut the shorts off....... today's move has done nothing but taken out the weaker shorts and then going back to take care of the bull drivers who just started feeling comfortabble.....
5500 definitely would be carrying decent option protection.........which in turn is again attraction to the mkt...... but then again what about the shorts from 6000 or from around 59+......... they would definitely stay intact if the trend has reversed and we go lower......... last i checked i see a bull supp from longer time frame at that time around 5150........

now for those who made money on today's long they can care less about any reason if they were able to bail out at or above 5666..... they have made it... for those who got caught initially on shorts from around the lows or below 5600 must have got flushed out and may even longed on from aorund the highs getting stuck in double jeopardy......... for them any reason after the price action has happened means zilch as the day is almsot over and they r prolly licking wounds........ this simply might give them some relief as SO THISSSSSSS ISSSSSS WHATTTT HAPPENED........... or maybe HMMMM... NOWWWWWWW III KNOWWWWWWW THE BLODDY REASON................

a pathetic move indeed.......... sorry for those people.. better luck next time.....

to be frank what i mentioned above don't matter........ there is always tomorrow and if managed things rt one can bounce back.......

what matters is that the longs in place now are fresh ones whereas the shorts are weaker and most prolly fresh shorts are waiting for better lvls to jump in....... now unless we have a trend change which then any lvl is shortable, where do we stick our trades... i would certainly favor north...

just imagine one thing... if by the day end (NFP) the low doesnot extend 5550-75. where would be the finishing........ 5740 atleast........ i guess......
the above statement is not to be taken literally, but a quite possibility.... but then again a break lower to 5570-75 would or call for deeper correction below..

i must stop now, come tomorrow would post charts and would be able to better access things out......
as for now today was the best trading day i had in about 2 weeks i suppose...
this month however had been slower becasue we are seen whipsaw........
annyways..........

GL ALL..

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...