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I too should be in the area and would like to join in. AllenZ

I have been playing with my system a little and will do a new thread in August. This month overall has been a pretty tough one. We have had some nice volitility and had my best day ever this month. But, I also had a tough little stretch so overall I am near breakeven on the month after...

There are many ways to view support resistance as well as any other technical things we all may look at to form trading opinions and enter trades. Fibonacci levels, stochastic readings, pivot points, ect, in addition to s/r are simply guides you must use to look for opportunities. I cant say...

Happy to see you posting!!!!!! Trade well, live well. AllenZ

Tremendous advice, I completely agree and this is why I like to suggest doing some testing like you suggested because a trader may be on the right track and just not getting the right entries or not letting things play out. Many traders are so loss adverse that they cut of the nose to spite the...

I live in Los Angeles and will be at the Expo in August. I am interested in meeting up with other traders. Please PM me or send me an email if you would like to set up something. AllenZ Email: Allen@realitytrader.com

This week was a strange week. Everyday seemed the same for me with stops being hit then reversing off the stop. I am not going to worry about it after only one week of this type of action. If this keeps up next week there may be some need for slight adjustments to the system. Often times when...

Doing my midweek update thursday night as this has been rough week for me. Been getting stopped out of trades by very small amounts just to watch em run right to my target. This happens sometimes and you just cant take it personally. Frustration is a part of trading and we must work hard to not...

version 77 - Yes, the system trades that i refer to are the ones taught in the index room. The trades called in the index room are in the form of QQQ trades as they are educational and meant to show the trades i am taking and the reasons behind them. My scalp trades are personal trades...

When i am scalping the mini's I am generally watching a 3 min chart if any. For the most part i am looking for contra trend entries near S/R and looking for a 2-3 point move of these levels. This is opposed to the setups i look for that i try to get 6-12 points from. My setups attempt to...

Well i was on track for a great week until i got derailed on Friday. Just could not get anything going. Bad timing for the most part as i got stopped out on 2 shorts early somehow. Anyway, even with one my worst days of the month on Friday I was able to keep positive weekly results. Here they...

I agree with Tripack. I look at the opening data from 9:30, although i will look at the 8am open also just to see if there is much difference pre market. I am very pleased at the contributions by several of you to this thread. I dont think we realize how many people look at these threads...

I am not sure what you mean by " off-floor " traders. but I agree with your premise. On another note, this thread is meant to show my trading plan and show my actual results to see how close I come to it. I treat trading like any other business. I monitor my costs and plan out profit...

Just wanted to check in after a couple of narrow range days and see how things are going. As you know I do my midweek update either tuesday or Wednesday to see if I am on track for the week. Monday was frustrating for me, although i was long on 3 out of 4 trades I did not get anything out of...

Trader 88 it has been my experience that it is best to NEVER adjust your trading style for certain days and then different for others. If you a style that prodcuses profit then just be resigned that some days will not work out. I have a good profitable style but i will miss an occasional "good"...

3 out of my 4 trades were longs and still i managed to be down a little for the day. Not my kind of day, little two way action and no followthrough on breakouts. AllenZ

I believe I speak for most traders when I say this. When I discuss what I make per week,day, or year I always discuss after commission profits. I trade at home and my expenses are fairly minimal, not really much more than if i just actively used the internet. My at home business expenses are...

Actually a pretty tough week for me. I had only one down day but it was one of the most frustrating I have had in some time. I started the week well but fell down on Wednesday overtrading and such. My system this week as a little off, but I was able to make up for it off some improved overall...

The QQQ is a great vehicle for many reasons. 1 of them being that is a great way to begin stock trading. You can trade 100 share lots though a broker like IB for $2 round trip and get your feet wet, learn how to take stops, take profits, enter orders, ect. In addition if you become...

The following is a reply to a question I was recently asked in another forum but i thought the ideas were pretty good and wanted to share them. If anyone has comments or ideas please share them. In the same vein that I want to share my knowledge and experience as a trader I also want to...