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Dear Eddie, I blew out my first trading account writing naked calls on Silver futures. IN retrospect, a pretty stupid way to earn money. Since then I've come a long way & have learned some very simple methods which I've ALREADY FREELY SHARED on this forum. Essentially, the task it to...

Hey Decel, sorry buddy but it looks like ES-H9 is going to 897 area overnight. There should be some good resistance there. If shorting ES you gotta be leery of these last hour rallies - there are some big funds that are buying futures & there's even a possiblity the PPT supports futures...

I'll picket outside the BoT building here in Chicago before we allow CME to jeopardize our liveliehoods & our whole financial system! I pray ICE wins the bid because their proposal makes more sense. A seperate clearing house benefits everyone! CDS are junk instruments & while they should...

Well done, AMT. I like 886 area today but not if it's during the last hour rally (possible). How many points are you risking if you're exiting at +5.00? Happy trading!

Dear Sam, I've read similar reports. Without first-hand knowledge, it's difficult to say. Lindsay Williams who was a pastor at many rigs on the North Slope & later sat in board meetings for I believe Royal Dutch Shell has stated there's extremely LARGE DEPOSITS on Alaska's north slope...

Landis82 wrote: "In my opinion, this lack of regulation/oversight allowed for the $147 price "spike" in oil as one pension fund after another sought performance under the guise of diversifying their assets into the energy market." Let's be clear. Crude rose to $147 for two reasons, both...

If ES-H9 breaks 867.00 it's headed towards 850...

One move Livermore claimed he used was buying on a breach of strong resistance & selling on a breach of strong support. Pretty simple. In "Reminisces..." there's a few paragraphs about a wheat trade where he prob. used stops to open on new highs... He was also a nut. But he had the...

DTN PROPHET X from DTN is superb for all kinds of charting. It's a pricey package but great for professional traders.

"OUR DOUBTS ARE TRAITORS, AND MAKE US LOSE THE GOOD WE OFT MIGHT WIN, BY FEARING TO ATTEMPT." --William Shakespeare This one's up @ my trade station!

The worst time to trade it is when you're low on self-confidence. You shall pass on attractive trades and be drawn to marginal ones for want of action. Trade when you feel great. I love trading after a nice cup of coffee in the early morn.!

America's going socialist - just like Europe. Any of you read Karl Marx? Having a state-run central bank is one of the tenets of pure socialism. Now more buffoons are getting taxpayer money. Capitalism works......IF you let it work! Happy trading.

Madoff's $50B fraud, while not quite a death knell for Hedge Funds, is making an unattractive prospect even more unappealing. I believe this development could become a POSITIVE for the Managed Futures business as intelligent money moves from large pools of capital, to individually managed...

Tower Hill advertises on CRAIGSLIST here in Chicago. THey're an equity trading prop firm but I'm personally not impressed. For those with no other options I'd contact them. If not, there are better firms to align oneself with. INMO, of course. Best wishes!

Support & Resistance; trendlines PRECEDE price action. I.E., if support holds, new longs are added while shorts cover...price action headed higher. People who focus on price action are putting the cart before the horse. KUDOS to those with enough clarity of thought to use what really...

Elliot Wave is a scam. It's as junky as MACD, Stochastics, Iruku's cloud & all the other crap that amateur traders use. Amateur traders use technical analysis & filter price action in artificial manners (MACD, stochastics, Fibo-snatchi, elliot, gann lines, bollinger & tea leaves). This is...

TBonds are gonna go higher & then stay high for a while. THere probably will be a mild sell-off, for 5-15 handles from the peak but then it will find a bid. Looks like it all depends on HOW LONG it shall take to run through this housing over-supply in the US. We can find stabiliation then...

March Euro be going to 1.4919! Holmes! Sorry, I have to learn to paste from my DTN feed. I have a nice monthly chart of the Euro future going back several years. Euro just broke above key monthly resistance of 1.4113 and this level may now act as minor support.

All available tools include his helicopter from which he'll drop sacks of money into mall parking lots & strip malls. If the Fed crashes the dollar in '09 the US Gov't better take back the responsiblity of printing its own money. These bozos got us into this mess & now we expect them to...

Dear Spanish, Last trading day is this FRIDAY. I would get out by end-of-business on Thursday. When the volume gets thin the odds of a "price squeeze" increase. Happy trading, friend!