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  1. M

    Swing Trade Play 11/11/05

    Coolless --- lets do some math here together so far i have had 4 covers of 1/8th positions from my swing trade for profits of --- 1/8th for 10.25 points 1/8th for 9.50 points 1/8th for 20.00 points 1/8th for 7.00 points then i had some profits {we won't even count these in}...
  2. M

    Swing Trade Play 11/11/05

    order replacing??? heck i have made more points with this swing trade in the ES the last three weeks waiting for a reversal then you can make with all of your trading. and why are you waiting until tomorrow to be short??? was a third failure to breakout above 1273 not good enough for...
  3. M

    Tape reading Software ??

    This works excellent --- i have used this for a few months now --- TapeReader Software used in the IOAMT chatroom everyday --- -------------------------------------------------------------------------------------- MacroEvent Registered: Jul 2005 Posts: 989 11-11-05 05:35...
  4. M

    Swing Trade Play 11/11/05

    yes the rally today with an absence of new "responsive" buying above the 1273 level gave me a real good looking technical day going into tomorrow --- plus foreign money came out of our market today in the later portion of the trade day {at times this has signaled sell-off periods} so i will...
  5. M

    Swing Trade Play 11/11/05

    ok --- i just covered 1/8th of my positions at 1264.00 {this is a "replacement" cover for shorts held from my previous 1271.00 cost basis}. I am holding my 63.50's and 64.00's from earlier today and i am replacing some of my previous 1271.00 cost basis positions for +7.00 points of profit for...
  6. M

    Swing Trade Play 11/11/05

    ok --- i just added 1/4 back to the position at 1273.50 to 1274.00 and i will hold all these so that the position is back at full size.
  7. M

    Recording Trades

    here you go ---- www.trademavenllc.com -- and yes realtor is right as there is a new playback feature {great move TM!}.
  8. M

    Swing Trade Play 11/11/05

    oh well, i tried to give the guy a way out of his negativity but so far no reply. and yes it did seem "highly probable" to me that he was not all that mature {in mind or age or both}. actually you should not knock his trading today --- he may have been trading a market in some other...
  9. M

    Swing Trade Play 11/11/05

    sorry, lost you in the way i explained it --- if i am 200 lots short and the market has a "responsive" buying breakout through a major market profile level, then i would immediately flatten the position and maybe go with 100 to 150 lots long {depends how strong the buying is} --- this way i have...
  10. M

    Swing Trade Play 11/11/05

    I would reverse a portion of the position at any breakout of a major market profile s/r level if my position would go underwater more then 5 points at the breakout. i would then use the portion that i ride in the reversal, under new responsive buying, to negate any loss that i have at the...
  11. M

    Swing Trade Play 11/11/05

    hoping the market turns in your favor is for those who are buried in a position underwater with no plan. being "in" the market for what i am saying, is to have the capability to enter and manage positions that can result in the opportunity to have a trade in place "prior" to the main...
  12. M

    Swing Trade Play 11/11/05

    the scalp trade short off a price action move to 1273.00 would be a counter-trend scalp trade - yes. knowing that 1273.00 is a major s/r level then i may start my short entry scale-in at 1273.00 as all i am trying to do with the intra-day scalp at this level is catch a 1 point move {or bounce}...
  13. M

    Swing Trade Play 11/11/05

    that is great --- LOL! :D :)
  14. M

    Swing Trade Play 11/11/05

    to follow up on your question and show you the mindset, here is an example of a possibility --- we have 1268.00 and 1270.00 as minor levels with 1273.00 as a major level to the upside going into mondays trading. if price trades up through 1268.00 and 1270.00 with new "responsive" buying...
  15. M

    Swing Trade Play 11/11/05

    excellent question ---- yes they are critical imo to follow while the trade is in place as the main reference points to have your trade plan options triggered from. for instance, friday we had market profile levels of 1268.00 and 1262.00 as the "nearest" levels from the opening price of the...
  16. M

    Swing Trade Play 11/11/05

    WDScott --- thanks for your comments.
  17. M

    Swing Trade Play 11/11/05

    yes there usually is time while in a top or bottom, but we usually determine that a top or bottom has occurred "after the fact", so i want to be "in" the market prior to the reversal of the trend. i have my swing set into 1/8th scale-outs so that i could potentially catch the last 1/8th with 80...
  18. M

    Swing Trade Play 11/11/05

    Yes all your wondrous examples of profitable trading are everywhere to see here at ET --- are you sure that you are not having psychological issues as a result of your failures. to blame others and attack ideas is the lowest form of this psychological ineptitude, so at least you are at rock...
  19. M

    USA Economy is strong ?

    Gold is "finally" breaking out for two reasons --- inflation play {the small reason} and liquidity injections {the big reason} from "petro wealth" --- the middle eastern petro players have put huge amounts of money into Gold from their biggest paycheck year ever. you have to realize the...
  20. M

    Swing Trade Play 11/11/05

    yes that could be done i suppose --- may work very well actually.
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