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nopm: You mentioned that ADX has to be above 30 (in addition to your other conditions) to take the trade. Do you think if it matters if the ADX goes from 20 to 30 or from 40 to 30. Which do you think is more powerful: declining ADX or rising ADX. Thanks for the journal.

Today was a 1% true selling day. Will look for any shorting opportunity around 1275-1280.

Yesterday Nasdaq and Russell were down more than 1% but the Dow and S&P weren't down as much. Today I was looking for Nasdaq and Russell to drag Dow and S&P down with them but it did not happen. Since the last rally we haven't had a 1% true selling day in Dow, S&P and Nasdaq on the same day...

28..... Lincoln, NE. Been trading stocks(part-time) for 4 years. Got into trading futures (part-time) last year after a year internship with a successful ag-trader.

Welcome Back!!!!! ET needs people like you.

Add another one. Pay attention to details. For example, it is spelled 'success' not 'succes'. Why don't you put it all in 1 journal? There is no need to start a new thread everytime you have a vision.

Here you go!!! This is a basic way to do it without writing a macro. I inserted the volume right before Open and used a lookup function. Pretty basic but that's what you'll need to do too. Make sure you have the look-up wizard checked. Tools---Add-In---Lookup Wizard

Not to confuse with Rubberbird's previous threads, but the S&P looks very toppy here. I would still not short here but will definately get out of my longs. If there is a 1% true selling day, I'll look for a shorting opportunity.

His book was just pure garbage.

You're probably an exception not a rule. There was a guy here no_pm_please few years ago. He used TA only and was very successful too.

Name please?????

Many traders and gurus think that the 200 dma works as a major support or a resistance. So say price is above the 200 dma and someone who is short will look for an opportunity to take profits near the 200 dma, on the other hand there are other people who want to initiate long positions near the...

The effect of the flattening of the yield curve will be seen in financials before other sectors. In this case it will be more prudent to short financials(XLF) and long (SPY) in an appropriate ratio as per your risk. If the trade moves in your favour and the yield curve starts inverting, it makes...

Put a chart on the wall and ask an eight year old if he/she thinks it is going up , down or nowhere. You'll know the trend. If it was good for PTJ, it's good for me.

Anyone???????

I am thinking about writing a market newsletter based on my observations and analysis. Can someone please post a newsletter or email me one that they think is good, so that I can understand the format, flow and the structure. It can be an old newsletter from 10+ years ago as long as it was...

If I have to choose I would definitely choose #3. Here is the total Profits and # of calls for each method. Total ------Total Profits-----Calls ------- Profit Per Trade 25.49----- 155------- 0.164451613--------- #1 17.99----- 103------- 0.174660194--------- #2 13--------- 44--------...

Here is my recent trade based on the 1% true Buying/Selling day. Regarding exits and stops, that depends on each individual. I'll discuss entries only here. Please let me know if you have any questions?

No

The initial stop should be 1pt. above 5 day high/low. So in the above example if the 5 day low was at 1200 then the stop will be at 1199. I will post charts this time to make it easier to follow. Thanks.