Intraday Trading the US Index Futures

I traded some yesterday, but only on 1 lot for a net 20 ticks. Today, back to plan size.

You the man.

Looks like you've changed platform and time frame!?

Managed to get in front of my computer for the last hour and did some quick scalping.

Trade 1 - rally seemed to be petering out, hit a resistance line (which I'd actually drawn in the day prior) which it had recently reacted off of and then what looked like a decent engulfing bar. Price never picked up any momentum though - and my preference is for the trades to be 'proved' right relatively quickly so I exited for 7 points profit.

Trade 2 - very similar to the first trade. Price stalled at the same resistance level and although the signal bar closed a little higher than I would have liked I took a short position. Once again, wasn't any real momentum to the downside so I exited for 5 points profit.

Trade 3 - by now I figured we weren't going to move much lower (at least in the short term) so I placed a buy stop just above the level that market was stalling at. I duly got filled and had a 20 point target which was met few bars later.

Trade 4 - large engulfing bar which engulfed the previous 4 bars so I went short. After another large engulfing bar the market stopped at just a few points above the earlier resistance level, so I closed out the position for 6 points, giving me a total of 38 points profit on the day.

Still in Sim (unfortunately), hoping to fund very shortly - been a long drawn out process...

Got lg US500

Edit: chart

Update: closed half BE, looking to fill @better pr
Update2: closed rest BE, waiting for confirm
Update3: reentered on *ma crossing
*100
Update4: closed BE
Update5: got into lg @465



S&P seen coiling up, poised for run to the five o. DJ lead, NQ lag
Update6: o/nite sl to be, tp@ 500 handle

Trailing stop in, expecting slingshot to 525/35 region

This is going down, looks one way at the moment.

US30 Cash/ US500 Cash has been quite/ consolidating for a while now. Daily chart shows weird ups and downs around SMA. Never seen this chart acting in a range for so long. Any thoughts about its future direction?

General direction will be down I think due to the interest rates and the tightening policies.