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Thanks Mark, This is the same strategy from the previous journal. In the previous journal there were 4-5 buy/sell conditions but I noticed that you could have made money with just this 1 strategy. My previous journal did not help me much in terms of keeping the money that I made and being...

Anyway I realised that I missed 1 major condition but I'll add it tomorrow. Kinda getting late right now.

Anyway here's the link to my previous journal: http://www.elitetrader.com/vb/showthread.php?s=&threadid=53470

I had kept a journal for a while here but stopped it after about a month. This is going to be my next attempt. I have refined the strategies and have come up with one strategy that I'll trade. It is very simple. I'll buy or sell after 1% true buying/selling day. If the Dow, S&P and Nasdaq all...

Here's my 2c. I wouldn't be surprised if there is a crash. I do not think it will come out of the blue especially when the market is making new highs but it will probably be once we are in a downtrend. The bull is dead, I mean the strong bull. All the easy money that was to be made on the...

I think that you're comparing apples and oranges. You cannot compare the % change in the index to % change in dollars. These are two different things. Here it how it works. With $55000, you could have bought $55000/120.58(opening price on Nov 1st) = 456 SPY. If you sell that on Nov. 4th at...

Cramerholic: Nothing against the system that is working for you but your calculation seems a little off. If you use $55000 to trade the ES say with $5000 margin per contract, you could have bought 11 ES contracts. That will give a total profit of : 11 x (1216-1207) X 50 = 4950 which will be a...

Bonds and notes are not signalling the end of the interest rate cycle. Watch out, if the yeild curve starts flattening, it will be bad for financials. I had been very bearish but the market's inability to follow on the down side has changed my mind. Actually I covered my shorts when Pretcher...

I knew that it was a great opportunity to cover my shorts when Pretcher called for a crash, but my analysis still point to a lower S&P so I'm short here, although it feels stupid being short after such a huge day. I need to take all the signals and not second guess my system. I do not think we...

Art: Nice system and an informative journal!!!! Have you ever considered adding the total of S&P, Nasdaq and Russell and using that to trade the indices. For example: S&P total is 0, Nasdaq is 2 and Russell is 2. That is a total of 4 so it is going to be a long bias for S&P, Nasdaq, Russell...

420 and 408 before we see any decent pullback. For this thing to actually go up we might have to wait till 2006. This looks like a start of a bear market and I believe the worst is yet to come.

Fair enough but how's reacting different than predicting. For example, if your system says: Buy at the open if the S&P is down more than 4 pts from last night's close, isn't that predicting that the S&P will move up from that point.

Reno: I have heard this many times here. People saying that they react to market than predict it. I guess I'm just not understanding this too well. Here are four scenarios and please let me know how you'll react to it. 1) The GDP numbers come out better than expected and S&P moves UP 5 pts...

Wow Amazing. Got out at 1993.75 but ended up doing the right thing and shorted at 1994.75 and 1987.25. After such a big up day the market was unable to follow through to the upside so I exited out of my longs and went short. There are so many things that I've learnt in the past few months...

The market's inability to follow through has made me exit the long position.

Wow, what a day. Today was a classic V-bottom reversal, extreme upside movement, 1%- buy and everything else. This market is sold out. Covered all my shorts during the day and I'm long here after hours at 1200. Intel came up with not so good news and the market still rallied. I think we are...

I hold overnight and I'm doing well. Just put on your stops and go to bed. Please check my journal for the strategies.

Fair enough but at the end of the day how much money did you make? Although I think jack and rubber are the same person, why should that even matter. I remember last time when rubberbird made his prediction about the S&P being very toppy at around 1240 and it rallied for few days and you...

Jack, Can I use this quote please?

But at the end of the day are you making money?