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He figured out how to print money and he guards his way of doing it.

So when I read all these posts about how bad averaging in is and scaling is wrong I have to smile. Just yesterday I was speaking with a trader from a fund in NYC and we were talking scaling in.

I know a day trader that risks 100k to make 1m. All he does is scale in over and over with an 80-90% hit rate and hit ratio of 9.

You can't do what they do unless have 250-500m, but you can detect their operations and follow their lead.

These funds have millions and billions to push thru the markets. You think they are trading retail size account methods? Breakouts?

Spectre, I hold you in high regards after reading all your posts. I hold many here in high regards. I've learned few ways from many helpful along the way and I thank them for throwing me some bones. I live in a town where there is a hedge fund on everyother corner. Former LTCM down the...

You are right smilingsynic. I've got 36,000+ hours invested in this. 4 refis, 2 kids under 5, mortgage 5k. I am just trying to help without screwing myself. WHat would happen if I revealed and then my equity curve reaches equilibrium. Can't take those chances man. Got mouths to feed. But...

So if you understand the tactics used to move this kind of money in and out of markets without revealing intentions or sabatoging positions then you can play their game with the retail size account.

Proximo - If you've got $5000, 25,000, 50,000, 500,000 you can play the retail guy and make money. When you have to move 500 million -1 billion you can't play those retail size account games anymore. Understand

If you understand why we turned under 1515 and why Spectre says 1440 and why 1404 is still open target and why any longs could travel to 1560-90 then you understand how big boys operate. Remember who cares what cause price gaps, it's understanding why they are filled that will take you to a...

Stocky, you want to make dollars change your thinking.

Plan: Shortside plays hold to 1404-1375. Longside plays let run to 1560-1590.

You got it spectre 1440.

im thinking we see that 1404 today or globex nite session.

no shifty, no lifty.

1415 - watch for volume shift, no shift = 1404.

During that last retrace, at 26 or so there was a volume shift that said if you were thinking of buying the retrace or already bought it, reverse your position and go short.

Volume shifts occur on moments notice. You have to see it in tape. This will help you tremendously in deciding whether to buy the retrace or sellstop into it and vice versa.

If Buystop @31.25 -> Target = 38 if not still holding 28 shorts to 1415, volume shifts will alert if going to 1404.

volume shift will alert you whether or not to fade this retrace.