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yeah I took a 6.5 point loss. It happens sometimes.

I don't think I was faking people....

Ok we went short but stay tuned because this market could easily reverse. Looking for 10 point move with the S&P 500.

It is likely that we'll be having a trade today at 10am EST. I'll post shortly beforehand to confirm. if anyone has any objection to me doing so, let me know now because I wouldn't want to be accused of unauthorized soliciting.

1, the website isn't entirely fee based. There's only a fee to receive the picks and look at some articles. In order to let that person who asked for help know that I wasn't some riff raff off the street, I posted my website. That's what I meant by establishing credibility. 2. If by...

Be ready I'd give it a 50/50 shot that I will have a pick tomorrow which I will post for free.

How can a business get a truly honest opinion of it if the owner is directly asking the question??? More than likely, most people would be hesitant to give a 100% straight answer. Ask yourself what the source of the majority of referrals in most businesses are. Friends and family correct...

So because I legitimately was trying to help someone and in the process tried to established credibility (by letting them see my experience) and used creative marketing/market research by asking a question, it's called dishonesty??? I have never in 8 years of providing picks had a single...

TraderZones, thanks for the hearty laugh. I wonder if I should now come up with devious ways to advertise. You've helped make me into a mythical spam god. Everyone will now be trying to discover some secret hidden spam in the things I type, but I was really just trying to help the guy. Oh...

You just did that for me quite well. Thanks!

I'm curious though Stefan... Are you trying to call me a liar or something?

It would help if you put it in context Stefan....

Algo, I work on an hourly chart for my trades. I'll use the 15 minute chart though sometimes for extra help as well as the daily, weekly and monthly chart. I agree that sometimes totally unexpected things happen like when the market crashed a few weeks ago. That's where stop losses help. I...

As you can see on the attached chart with this sample scenario of my stop loss in action, I went short at 10am and then when the trade started to look like it might go bad, I had my stop loss set ahead of time so I'd get out if it went above 1126. Before I set that stop loss though, I already...

With all due respect limit down, if you can't make assumptions based on historical data, then you're arguing that technical analysis is invalid. Granted percentages are constantly changing. The key is are they changing outside of expected norms? I never based any predictions on upper and...

Thank you Chanelops. I'll have to take a look at that. In regards to the loonies, it would be nice if they bothered reading the whole thread before making stupid assumptions.

I'm predicting we will have a good day in the markets tomorrow with a move to 1095 very likely for the S&p 500.

The first and last hours have bigger ranges because the volume is naturally higher. The key is determining what that volume will be :) Obviously there is more volume at support/resistance levels but that doesn't explain the difference in between days like 5/12 and two days later. How would...

Swan, thank you for the well written response. If there's one thing I've learned in my years of trading, it's that overtrading is the primary culprit for a lot of people's losses, mainly being because commission will eat into their profits. Let me ask you though. Why do you feel that seven...

You must be quite good to make a bet like that. Here's what I think is going against you. a. the market (it's looking quite bearish at the moment) and it's harder to make that kind of a return in a down market b. To make that kind of return, you're probably going to be having to invest...