Search results

Hey GG, I also watched market dump off Bernanke's pre-release notes and had "down" stuck in my head the rest of the day no matter how hard the price action tried to tell me otherwise. The stop-loss was my ticket to profitability despite shorting against the confirmed up trend from 10:30am until...

Nice trading, Bob! DV is the "best of breed" in the for-profit education camp, IMHO. I'm watching for established support, but you've convinced me to possibly sell puts in the meantime :)

That's what I meant by "If it's a breakout of the high/low of the day, I enter either 1 tick inside the H/L or at the H/L". I get a feel for the price action prior to the approach the the previous high/low and look to get in before the actual break itself, because CL is rude. The one time I...

Thank you. I only trade CL (crude oil) now, but used to trade AAPL breakouts (which behaved almost identically to CL). If it's a breakout of the high/low of the day, I enter either 1 tick inside the H/L or at the H/L because of the nature of CL. Something like e-minis or a momentum stock...

Breakouts are a very "safe" method of entering a trend, as long as you exit immediately if they fail. Breakouts are especially powerful if there's a low volume consolidation at a pullback level in the trend, or a low volume flag formation that drifts in the opposite direction of the trend...

Nice work overall! I got a textbook short signal prior to Bernanke's speech, but chose to sit out because it wasn't a cut-and-dry news report and things like FOMC and speeches can whip price around so fast you don't know what happened (I traded once during FOMC and had no idea where price...

You opened this thread describing a single method of trading (with-trend) and a single method of with-trend trading (pullback entries). That is a method, and it's really that easy. I highlighted above the steps you outlined that cause most traders who follow the first 3 steps to fail...

If that position ran against you, how far would you have let it run red before closing it out? What was your max risk and profit target when you put on the trade? When the position was up $1.3K what stopped you from adding to it? How patient have you been with losers? How many times have...

Not only was your ROI awesome this week, the break-down above looks like Red_Ink's consistently profitable blotters. Keep on doing that! :)

What you're missing is that retail traders don't move price like that; those were very high volume moves in a short period of time. That's the "big money" moving price. The "insider" news was the pre-release notes from Bernanke's speech - selloff ensues because the big money reacts to the notes...

You aren't borrowing it at a price, you're borrowing the moment you place an order to sell it. So if you want to sell a stock at a price it hasn't yet reached, your limit order is in place and when someone buys at that price you've sold the borrowed shares. If you want to sell right this...

Ha ha! This is exactly what I said to my Skype group when I emailed them my trades: "Here it is, if nothing else, an exercise in how to safely counter-trend trade." To be fair my early winner, the one that made more than 20 ticks, was fully with-trend. And if I hadn't chosen to avoid...

This makes no sense. The volume on that price dump was massive. It WAS big money moving price like that. It was based on gut reactions to Bernanke's notes/speech and as he continued talking things became clearer, recent support was tested and held up well, and big money bought right back in...

Picaso, my fine fellow trader, shorting a runaway market is every bit as, if not more, aerobically challenging as jogging in terms of heart and breathing rates :D

When you put on the trade, your protective stop plus commissions are the cost of admission to the trade. It's your "basis" so to speak, your cost of investing in the chance of a particular price move having greater probability of transpiring than not. Your profit target is the minimum price you...

+$668 I avoided trading through Bennie's speech, but after that selloff all I could think of was "this will move back toward that low" and I scraped out some counter-trend profits on pullback moves after that and left all that long money on the table :eek:

I, too, know very much how to be a trend follower and could not get over the "damn, it sold off so hard it will reverse and retest that low at some point" mentality today. I had 7 short trades today (missed the good one during the speech), and could've simply gone long on any of the inviting...

Do analysis every day and track the results of leaving your initial stop in place vs. moving it to b/e after a specific number of pts, vs. whatever you actually did on your trades. In my post-market analysis I always find that leaving my initial stops and targets in place no matter what the...

http://www.youtube.com/watch?v=gUkbdjetlY8

New trade signal, boys, to add to the NLHD (NoDoji's Leaving Her Desk) signal (and my greatest apologies for not announcing my breakfast/feed the dog break after I covered my 73.58 short at the 20 EMA pivot approximately 8:55am ET thereby missing the re-entry for the small additional 70+ tick...