Recent content by Enter Wisely

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    BAC or C, first to get nationalized ?

    I'm not sure what's so funny to the OP. Regarding the 2nd post, not every arab is a terrorist or religious fanatic, no reason to display such racism. EW
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Iron, Don't use fast charts, they are as good as random. Learn to be patient, not every day hands you low risk high reward trade opportunities in a silver platter, which is exactly what every trade you take should require in principle. You see eventhough price may appear to move randomly...
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    ES Journal Archive (2009 - 2010)

    Stopped at 69.75 with slippage filled at 69.50 for -4.50. Maybe next time. EW
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    ES Journal Archive (2009 - 2010)

    Long 3 ES 74.00 STOP below 70 Target based on PA, 1st at 80. EW
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    Short term S&R system

    Riding the winners is a common denominator of the best traders I know but I would not go as far as to say random entries will do it.
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    AHG v2.0

    I would not dare critique your system as I don't know anything about it but using the phrase price action followed by a chart with a million indicators is an instant classic.
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    S&P daily pivots and break-down & up Targets

    I had the same target, more details in the chart attached.
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    What was Fri (1/09/09) SPY low?

    You would think exchanges would fix these bad equity ticks by now. If you must trade ETFs instead of futures due to leverage, you could always trade SPY based on ES charts, futures rarely have bad ticks, if ever and the price action is close to identical.
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    Ubuntu and IB TWS

    What kind of charting software do you use when using the Ubuntu OS? Thank you
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    Is this a great deal?

    Seems like a pretty good deal to me.
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    Using Trailing Stops For ES

    I've never found trailing stops useful. For my trading I prefer to predetermine a target and as price gets there I examine the trail it painted and decide if I should stop at the target or continue.
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    Books for Price Action?

    I wish I could make this work for me. I find time and sales to be so random it drives me insane. Ended up taking it off my trading workspace and just following price.
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    Question about day trade margin call

    For what is worth I use IB as my broker and I don't get 4X margin when daytrading equities. A little less, somewhere along the 3.5x mark.
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    intraday volume analysis image

    Sorry but this kind of answer just makes me uncomfortable. It's not so easy pal. By the time the trend is obvious it's getting ready to reverse and strong trending days are the exception not the rule. The trend is your friend yes, but they do end, and price is volatile enough to make...
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    Did Walmart shoot itself in the foot?

    I was very much surprised by Walmart's warning this morning. If the strong retails warn, what could we expect from the rest ? Scary times.
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