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I think it's the good economic news out of Europe and Asia.

AAPL is a diversified company that's beat earnings estimates every single quarter for the past 4 years (that's as far back as my info screen goes) sitting on oodles of cash with a rabid following that breezed through the second worst economic crisis in our recent history as if it never happened...

It's when a print from an earlier transaction suddenly hits the tape later, causing a spike up or down on the chart. I'm simply repeating what someone told me once. Sounds plausible enough and since I've been in trades where it's happened and no stops are triggered, I know it's not real price...

Research In Motion Target Raised To $92 From $88 By BMO Research In Motion Target Raised To $117 From $112 By Scotia Research In Motion Target Raised To $94 From $90 By T Weisel Looks like we know whose clients are trapped to the long side :D

Nice trading! That spike was most likely a latent print. I sometimes get those, too. A latent print shows up on the level 2 and causes a spike on the chart, but in actuality, no stops are triggered because it's not an actual real-time price move. I'm just assuming this, since you were...

I watched RIMM after hours. It was a random number generator whose price struggled mightily to even stay in view on the DOM. Tell the truth, Robert: You closed your eyes and clicked randomly and when you were done $18 was in your account :p

Thanks, Oracle. I generally see pivot points as price turns from overbought to oversold in a range or a trending range. In a strong trend, overbought and oversold become meaningless. For example, my final POT trade today was a 3rd short @ 120.07, pullback from the next lower high you see on the...

I look for price to become overbought or oversold and look for pivot points on the 1-min chart by catching a micro view of the action, and jump in very quickly, knowing if I'm stopped out it's a very minor loss. I'm trading 200 shares and using a 10 to 30 tick stop (max loss of $20-$60 per...

I attached a 3-min and 1-min chart of a couple of my trades today showing how I used the 1-min chart for sniper entries, and the 3-min (5-min would be fine, too) for exits. I used to assume price would pivot at a certain point, get in too soon, then get stopped out, because I had no...

It's noise unless you're scalping. But when your setup is getting ripe on a 5-min chart, the 1-min chart can guide you to the best entry point. I wouldn't recommend using it for exits. I've left so much profit on the table when I accidentally forgot to switch to my longer time frame for...

The important lesson to take out of this is when you're trading 1 damn lot and it shows you 4 pts profit, take the money and run, then do it again. The "do it again" worked fine, because I took the money and ran :D

Looks like a solid long entry, good as long as no breakdown of that MA. Why'd you bail on it?

I do that a lot, use a 1-min to time my entries, micro-trend within the greater setup to help get in when price is more likely to move in my favor without heat.

You're welcome. I use a 5-min for futures and 3-min for stocks, but it's very close to the 5-min and later in the day I often switch stocks to 5-min, too, so really whatever I said would've likely been nearly the same.

Clearly, I need to do the "schiz flip" every time I'm stopped out of a failed breakdown :D

+ $717 Very narrow ES range coming into the ADP report. I thought the “+40K jobs” estimate seemed patently absurd, so I placed a sell stop below the range low, filled @ 1166.75 with real follow through for a change. I had 4 pts showing and with two lots, would’ve taken off half, but...

Out @ 1164.75. I need to start trading 2 lots.

sh @ 1166.00 stop @ 1166.75, breakdown or I'm outta here! EDIT: Stop to b/e Trailing 1 pt stop, so I don't give it all back

sh @ 1166.00 stop @ 1166.75, breakdown or I'm outta here! EDIT: Stop to b/e

Price really seems to want to sniff at that high again.