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we look overbought according to the 200 year chart.

depends on your psychology. especially if you experience large drawdown with a strategy that youve only been trading for a week, you will probably throw it out in toilet. even if that strategy wins over long time. so its better to have a strategy that has more winning trades, for most people anyway.

nah.. hell become 200

if these close the markets, what will happen? banks will become even more insolvent. right now they are selling their stocks because nobody will lend them money. this could be disastrous. (although I have nothing against circuit breakers)

hedge funds are hedged. retail investors are not.

not wanting going into politics, but i think its more despite religion. you have freedom of religion, but that is not a freedom for religious people to be free, but a freedom of non-religious people to be free of the suppression from religious people.

bought at the top? the top was 2 pivots on top of eachother.. you bought resistance...

i dont think the euro will collapse. too many people here using the euro to easily go on vacation to italy france spain etc. one currency also eliminates thecurrency movements between the participating countries. i remeber a story where the german currency lost half its value overnight thus...

ahh.. well i wouldnt say you have to replace them, i was just wondering why you used the daily ones. good to know this. :)

thanks for the levels. just wondering, whydo you use day high and day low, and not swing high and swing low for fibonacci levels?

omg... it actually works!! :D.. if only i knew this before i wouldt have lost 1 tick today instead of getting out b-e + 1 tick thanks! 2 months of trading and i didnt know this :mad:

yeah i like the cleanness of the program too, and how it almost never lags. too bad long term indicators gets messed up since your not looking at a continuous contract, and i wish they would add a vertical scroller. in markets like today with 100 point es move the chart gets like compressed so...

i think dont click on them, right click on them and save to disk, scan with virusscanner, then read if clean

yeah, i think pivots wil play more important role in future if we move lower, untill new levels are established. i see a nice confluence for next week at 1145 as well as 1087

my ES day chart end at 16:15. then a new day chart of the day after starts 16:30, 15 min later. so 16:30-16:15 one half one day one half the other is the full day. so a day actually starts with overnight trading. phew what a day!, blew right through the support levels after voting started...

also, you must learn to manage risk. if you're up big time, take some of the table. i'm not telling you to cut your winners short, but only don't take some off if their is still significant upside possible. lets face it, betting on the outcome of the bailout was nothing short of a gamble...

short +3p in 3 seconds. (was moving stop to breakeven and couldnt even change target) and then i stopped for the day. figured it would be like a casino.

if dollar is strong we should fill gap today, people buy $ to buy US stocks

don't catch a falling knife. do you think the stock market in 2001 would not have crashed if the government intervened with 700 billion injection of stock purchases??

you can't buy a floor with $700 billion. you need at least $7000 billion. don't catch a falling knife!