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  1. M

    Swing Trade Play 11/11/05

    coolweb -- at least i know this is not the only thread here at ET where you can't seem to find friends --- LOL! :D :D :D what is hilarious though is that i have made over 20 ES points for the trade being "wrong" for the correct entry and it seems in the ET chat room you can't make a dime...
  2. M

    Swing Trade Play 11/11/05

    yes i understand this but my mind just can't work that way very good --- i am not smart enough to trade this way. now i do something close to this in my ratio trade but that is automated so i do not mess it up {exceptionally difficult to trade ratio manually --- like when news hits}.
  3. M

    Swing Trade Play 11/11/05

    yes i know the "pit" is watching 1281 and 1285 now like a hawk so i am fully aware of this {you are right} --- but since we do not know what the market will ACTUALLY do yet {:D} i am "flexible" and ready with my method to react accordingly. you can never tell what the market will do and what...
  4. M

    Swing Trade Play 11/11/05

    Jackbyrd --- he is probably talking about Billy from the IOAMT chat room --- but what i am doing is the same style or mentality of trading that is taught for participants of the IOAMT room only i do this in a swing trade {while during the day i am taking almost all of the IOAMT room intra-day...
  5. M

    I am Looking for these Books

    i would suggest these books also --- Steidlmayer on Markets Peter Steidlmayer Mind over Markets Dalton Technical Analysis and Stock Market Profits Richard Schabacker, Donald Mack Technical Analysis of Stock Trends Robert D. Edwards and John Magee
  6. M

    Swing Trade Play 11/11/05

    i do not have a clue when the market will have the next down leg {do you???} and i do not need any hope to be successful in a swing trade, but what do i need ---------- i need a trade entry management method that will give me the flexibility to be in the market on the day that it decides to...
  7. M

    Swing Trade Play 11/11/05

    you are absolutely wrong --- i am in no way dollar cost averaging. i am REPLACING orders from lower price levels at plus one tick {covering them --- NOT HOLDING!!!!!!!!!!!!!} while always holding ONLY the orders entered from the higher price levels to form the swing trade position. at...
  8. M

    Swing Trade Play 11/11/05

    do you read??? i have covered 1/4 of my position {1/8th and a 1/8th} for roughly 20 points, and my position has a cost basis of 1271.00 and today we closed at 1266.00 -- so yes my remaining 3/4ths of the original position are in the money as of close today. please do not ever try this ---...
  9. M

    Swing Trade Play 11/11/05

    well i was out of town on friday {the day several weeks ago when the dow was up something like 178.00} and the following monday so i missed my chance for the entry long. still had 3 good "long" swing trades earlier in the year.
  10. M

    Swing Trade Play 11/11/05

    yes this is exactly what we do in the IOAMT chatroom everyday for intra-day scalping off market profile generated s/r levels --- works very good.
  11. M

    Swing Trade Play 11/11/05

    i already have the long side covered 24/7 in a different trade --- "Ratio Trade" http://www.elitetrader.com/vb/showthread.php?s=&threadid=51893&perpage=6&highlight=hft&pagenumber=5 this swing is a separate trade and only my 8th of the year (3 longs and 5 shorts} --- the whole purpose...
  12. M

    The S&P will end 2005 @

    what you think i am going to be off by three points??? :D LOL!
  13. M

    Any comments on today's price action?

    see the Nikkei last night and then the buying in the EU markets that caused short covering all the way up to the ECB rate hike announcement ---- foreign inflows shifting over after our sell off yesterday. today the U.S. market had small foreign inflows {nothing special} but the institutions...
  14. M

    Swing Trade Play 11/11/05

    ok --- tomorrow i will be looking for any chance to put a 1/8th addition on to my position for this trade after the a.m. news releases. i want to add the 1/8th somewhere from 1261.50 or higher to have a greater then 10 point range from the new entries down to 1250.50 the low of yesterday.
  15. M

    Swing Trade Play 11/11/05

    Come to Vegas for the expo and i will show you some paper --- paper with numbers! :eek:
  16. M

    Swing Trade Play 11/11/05

    no --- emotions are highly overrated and i have already booked profits AND the position is still in the money --- and you can't beat that!!! see i am not "scared" to work trades like this because they pay so nice!!! this year i am 7 and 0 with my swing trades, and here in my 8th game i am...
  17. M

    ALLLL Aboard thats going Ashort!!!

    yes EU markets had massive short covering pre-rate hike announcement --- and the EU market moves directly affect our futures in the overnight session {it is just that our futures overnight session volumes are extremely low ---- that is why we get so many gap fills of overnight session moves}.
  18. M

    ALLLL Aboard thats going Ashort!!!

    not really ---- the nikkei does not affect or day session markets very much, but the EU markets do --- watch tonight at 03:00 eastern time for the EU open and see what happens --- that has a more profound affect on the U.S. futures. oh, and the nikkei was running up during our sell-off in...
  19. M

    Any comments on today's price action?

    you don't need machines to sell any market --- just make the phone call!!! "helllooo -- mya naame isa Borat anda i wana selling alla ov mya stock eh riiet noowa pleees"!!!!!! :D
  20. M

    ALLLL Aboard thats going Ashort!!!

    yes you need to have a good gap so you can have a good gap fill! :D also nikkei did hit 15,000 tonight ----- ooouuuuuuuuu! :D
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