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Personally, I like august 75 puts to be bought anywhere of 5 basis points OTM.

Classic uptrend channel in SPX weekly or above charts can be witnessed in the chart posted below and we are nearby obvious main resistance. What's your take on this formation ? How would you position yourself considering the strong uptrend has no immediate higher resistance since...

The are quickly working on Windows "blue" cause they know Windows 8 was hated by the desktop users.

This is very true, Big Mike is in bed with a lot of vendors.

I feel ES is an adequate intraday instrument, the problem is the tick size and for that I prefer SPY; better entries better stops, enough liquidity. Taxation is not a concern as I'm M2M .

I know a trader that compounds but only trades the short side for this particulal reason, takes a lot of patience during days where shorting is not the right call though as you must sit it out.

Meant, my broker statements agree with what we discussed about the trend. I typically ignore Jack, he is a twisted person and is better left alone or ignored.

Tiddlywinks, Why don't you just ignore the attacks or negative comments ? Not worth the aggravation to waste time with people not worth it. I for one am enjoying the good charts. Thank you.

Well it's a good thing then that your opinion is worthless to me yet my broker statements, which mean a great deal to me, absolutely agree.

Thank you for the stats.

Absolutely and its great to read it from time to time in public boards, but somehow this is almost impossible to ingrain to many, newcomers and experienced traders alike.

Does that mean you only trade trending states or breakouts out of consolidations?

Consolidation, which means using a stop based on where the noise is occurring could be counter-productive as you would get stopped without any meaningful action movement.

All very true and vocational but how does your plan avoid "Death by a thousand stops" while not missing moves by limiting the number of re-entries ?

From one experienced trader to another. The problem with all these "confirmations" in small timeframes is that not only must the micro-turn hold but price cannot turn into chop. Turns are easy to spot, there's a million candlestick books that explains them Ad nauseum. The great barrier...

Not divergences backed by the trend.

Specfically in reference to time decay. What is your vote ? Thank you for participating.

Exited all positions at today's gap fill. Good weekend everyone. EDIT: For next week, Im standing on the sidelines to see if we can move higher to begin to build a small short position to add to it only on market confirmation, eventhough I see higher still, Im witnessing severe...

Just like you have certain friends to discuss sports and others to discuss movies or philosophy, create a circle of friends to discuss trading, different people different strokes. It's also important to notice when you boring someone with the subject, for instance, I noticed my wife would...

It's tough when you short an uptrend with no resistance in the bigger picture, like people shorting the indices and strong companies with mega uptrends. However, ADT has a defined downtrend in the daily, which is not the case of the overall sentiment of the market. BBRY is that a tough...