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How can you be long? Markets aren't even open yet... ?

Wait, so you have a 3pts (sorry I'm not used to the tick convention) trailing stop that activates once you go green 3pts and a hard stop at 3pts profit? IE if you went long ES1200, you'd have a hard stop @ 1203 (1 contract) and a 3pts trailing stop also active from 1203 (1 contract)?

PPT? (Man I gotta learn the terminology). This volatility is addictive like crack-cocain, but I agree that you must stay away from weekends. Sundays are "God told me to act to save this economy, or I am not George Bush" days. You know what? I might actually miss him once he's gone...

That's sad, I did enjoy your market readings/predictions. It also made this thread less dead some of the times. Just post your view, no need to post your trades. It *is* B1's journal after all, so he can make whatever rules he wants.

Fridays are the hardest to read :p

Oh, I fully agree. I mean, he talked about making 2k, on such a move? I made half his money and I barely scalped the opening. And my timing is off all the time. Need to work on that. Well I take "predicting" in the wide sense. If you expect/read/analyze a potential move before it happens...

Well I'm willing to give the benefit of the doubt on the 1220 breach, because technically that's a false signal. That's the thing though, 200 ES points is so ridiculous it had to be YM points. The first time I read this prediction/reading/whatever of his I interpreted as such. I don't...

From an observer's point of view (someone pointed out this thread this morning in another thread), Simon made a pretty good prediction of today's action. I agree that he seems to act like a 7yr old ass, but he read the market pretty good. 20pts off is nothing on the Dow, as opposed to the 2...

Great videos/charts joeb. This market is crazy! Every day I keep telling myself "They can't hit *both* targets, the party has to stop" and every day they keep doing some crazy, crazy swings. In an ideal world this would go on forever :D Oh, and I need to learn about forks...

I hear you about initially losing. My trades always go against me some before turning back, and I always seem to pull out before the run is over...

jagmot can you detail your new strategy with an example? I'm not fully understanding the trailing stop part (when it's active, how large, etc?) Nice trading btw (both this and on the ES thread). I totally missed the pm action.

You're complaining about +15 points? Why? I'd rather win 15 than lose 15. 15 points a day is a decent profit rate in my books

Covered my 1271.50 short @ 1260 the first time it showed up. I wanted to, but hesitated shorting again when 1268 showed up. Missed the whole action :(

Counter trend? Did you see today's action? So then I'm supplying you negative income? I'm all for it I don't know what your point is, but happy to help. As for the coin flip, I'd rather answer by "no thank you". I'm doing fine as it is. Why don't you use the coin flip, since you're...

Reaction low @ 1261.50 (2:30am). Currently short @ 1271.50

Got out @ 1265 this morning (can't post while at work), just minutes before it fell to 1254 for the first time. Goddamn timing... I am tempted to short again. If only they can bring it up again. 1270+ please...

Short order, 1 contract 1271.50 Come get me... Edit: In

It is a crazy gap though if they keep this up. 20 points easy. Shorting here and now not a good idea? I'll go check what my indicators say, but I'm tempted...

Heh, our bad. I guess we're bad readers once the weekend hits.

Yeah I was also thinking that. Isn't it best to *DO* take a long signal with gap below and a short with a gap above? The odds that the gap will close are pretty decent.