Recent content by superstephen

this has been a pretty good thread so far.. im on here to learn so im more of a listener than a contributor, but... i think trading breakouts with emini futures, going long or short is WHERE ITS AT (for me) i want to learn how to reverse my trade if its a fake-out, is this done by...

im trying to figure out how to enter..... i want to look into entering on a 5min close past S/R line. S/R line is hourly...

thats a good quote. im listening to the news and following the trend....i think im doing what you said. i have been trading NQ, but i think ES plays with the pivot lines better. i think it MIGHT be "safer" for me to get in a couple points past the line and to exit atleast a point early...

5 point stop seems to be working pretty good on NQ. if i get stopped out price usually just goes nuts the other way.... sometimes i stretch it to 6/ 6.5 ish to keep it past multiples of 5 on price cuz i notice a lot of pullbacks on NQ get within 1/2 point(above and below) of a multiple of 5

.....i should probably just go with the news whether its a trend reversal or not

.....i meant, when the news helps create a reversal, i should try to get in

cnbc seems to be mostly garbage/pointless blabbering....like the older heavy-set guy who cohosts in the mornings, he acts like there is no point to finance, as if he hasn't learned anything after the years of hosting and interviews that he has done. but if i watch it in the early morning...

I think i like drawing just horizontal lines for the S/R.......drawing diagonal "trend lines" end up confusing me too much. and pretty much every TL break has a nice horizontal line that could have been used instead....there is a certain price level that people jump in at and i think the...

anyone who says uhhhhhh... a lot doesnt know that much about the subject, but if you are careful with your words and talk really slowwww, the sheep watching tv wont notice the economy corrects itself anyways, all obama is going to do is create a few jobs here and a few jobs there, with little...

with that kind of money, you could start your own GET RICH QUICK infomercial :D

politics is just another business. anyone who gets emotional over it just doesnt understand. politicians are actors who "care". the politicians who really do care either dont get elected or never go far....... and if we stop listening to good cop/bad cop (democrats/republicans- you chose...

aint that the truth. not getting in is about 90% of what im learning. if i could get 75% of my trades to work, like you do, then i would be happy just trading the first 2 hrs.

i have heard several traders say they strictly trade mornings...basically the first 2 hrs (9:30 est - 11:30 est). And others trade mornings and the last hour.... Im sure your particular style depends on when you should trade. Im still learning myself and im going to just trade mornings from...

thanks GC i want to do what others do (strength in numbers). I see it all the time with pivot points, and most huge breakouts have TL's running through them.....i just need to shave off some of the fakeouts, staying with the trend helps me do that.

ok forget those rules... i was enlightened on entering Breakouts that go with the prevailing trend. and that concept kinda blows my rules down. still want to use pivot points as objectives, entering on hourly trendline breaks.....but i think now i can be more prepared for the fake...