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Anekdoten and Stealth Trader, How do you guys handle trading in the "dead zone" (12-2 est)? Do you avoid it or allow the charts to tell you whether or not to trade? Thanks in advance. MDT

Send him a PM and ask him....although I believe I read where he's off helping Obama's campaign. He hasn't posted under "inflector" since April.

The one guy who did see it coming went to Mexico! :eek: I bet Spooz is pissed that he closed that short position from 83.75!

Great stuff Mike! :) MDT

Welcome back George! :p

Nice call Spooz!

Nice trade MB!

Out for -1.

New LOD takes me out....otherwise...TO THE MOON!!

Nice. I hate to see Spooz looking the other way when I go long!:D BOT @ 1466.50 (1466 was 50% retrace yesterday's low to today's RTH high). SL @ 1465....Target...THE MOON!! EDIT: Stop moved to 1465.50.

Oh yeah, and there's always the complete breakdown option! :eek:

Yeah, looks like we're coiling...beware of the false breakout in this market and a reversal rip out the other side.

Yeah, and I ate the earlier bear flag too! Then sat and watched them take it down to R1. Bastards! :mad:

I've seen more trades like this just absolutely die on the vine since Friday. Before the Fed stepped in these setups were $$$$! EDIT: stop moved to 63.....i see 63 busting this 5m bear flag if hit. EDIT: Out at 63.

Short @ 62....Stop @ 63.5....Target @ 52 You know they're gonna punch me out on this one! :eek:

Whipsaws, false breakouts, stop-outs, and sucker-moves.... Good times! :mad:

Thanks guys. :cool:

Spectre and Spooz, Are you guys placing resting BUY STOP orders above the market to catch the potential blast-off if the Fed cuts rates before the next meeting? Or are you just trying to catch the B/O above Friday's highs (intraday) as the market moves higher ahead of the Fed? Nice strategy...

Nice trade mb!

Do you want me to hop in the SUV and drive up there to NY and push the buttons for you? :D