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12/30: My reason for entering FAS SHORT: 1) Breach of upward wedge 2) Breach of support 3) Breach of 8MA & 20MA *Employment figures seemed to have little/no effect on the market. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3047955.png">

Nice one Kon. I briefly glanced at it and it seems like it'll make a great supplemental tool!

Sometimes the market plays some mean psychological games with me, so it's always nice to hear these words. However, the number in the total tally is what matters. Lol! I get it NoD. I agree 100%. I like the way you choose your words; short and with full effect!

Nice to see you back 4re. I will have a look at the charts again to see how you would do it. Thanks.

Lol! NoD. I know you're really on my back with the 1-min chart. I promise you 125 heads of goat that I only use the 1-min chart to get the best possible entry and for illustrative purposes to show the entry and exit on the charts in the journal. Otherwise, I use the 5-min chart. However...

Looking at the AIG posts, do you think that my stops were placed well. With stock that are $50-150, how do you place stops, since the fluctuation can be quite wide? I am comfortable taking a maximum loss of $250 ($1.00 @ 250 shares).

Futures not showing much strength or direction; vol. low. I think I'll sit it out today and get some reading done. Sometimes, no trading, is good trading and I'm feeling that today. Good luck to the rest of you.:)

:D Nice one NoD. Oh, and my apologies for the 60 tick miss, but I'll use a choice of your words. "There's another opportunity around the corner" and so hope you made up for it.

Pic. 2: Trade 3: SHORT: Entry: $59.81 Exit: $60.04 -$0.23 Trade 4: SHORT: Entry: $59.21 Exit: $59.21 $0.00 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3046911/spy.png"> Total (+/-): -$146.50; [-$115.00-$31.50(commission)] All Time Net (+/-):+$488.22

12/29: Pic. 1: Trade 1: LONG: Entry 1: $28.10 Entry 2: $28.18 Exit: $28.14 $0.00 Trade 1: SHORT: Entry: $28.00 Exit: $28.00 $0.00 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3046908/spy.png">

How true. It's shame I experienced it before your post showed up. For further elaboration, I will be posting this evening.

Thanks for rubbing it in Howard!!! I knew you were trouble. :p

Hi Kon, in hind sight that makes it nothing but commonsense. However, I think the fact that my first attempt with the 5-min chart application was working so well, that this was not a thought that even crossed my mind. I'm still in my infancy, where a profit excites me and I kind of become blind...

:D, I'm amazed by my pulling power. Now I would have hoped that you were going to be a hot, bronze skinned, brunette, with an exotic accent, but the name Howard put a damper on it!!!. Welcome back, my friend, and hope we can all learn together.

Thanks QQQBALL. I'm still deciding between Lightspeed and IB, but don't want to get into that conversation here, as I want to keep the thread within the confines of trading. Can you pls PM me if you have any suggestions?. Appreciate it. SM

Hi Kon, which chart are we looking at (3 different trades today)?

Thanks KD130, lesson learnt and thanks for the alert :thumbs up:

NoD, where do you have access to the hi ticker. You guys seem to be so sophisticated with your tools, it makes me look like I have my trading office set up under a baobab tree along the Zambezi river :p

This is what I did for the first time yesterday and the stress levels were way down. The entry and exits were also clean. The difference can be seen with the previous trade. Thanks NoD.