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  1. M

    Watch for 50% retracement in the S&P

    IT means that at this price I do not want to initiate a new trade, I only open a new position if the price goes 20- 30 point lower or higher and I will fade it since I am anticipating that ES will fluctuate in a range of 100 150 points for awhile ... I believe that the straight going up time is...
  2. M

    Watch for 50% retracement in the S&P

    I do not think we see any Fib retracement from here. However I Guess market will be sideways, "" most likely in the range of ES 1050 - 1150 for the next 5-6 weeks """ Therefore , from here if it straight goes 20 -30 points higher, then it will be a good short. Once again I say if it...
  3. M

    Biggest Trading Mistakes

    NOT HAVING DICIPLINE FOR YOUR STOP LOSS AND NOT HAVING PATIENCE FOR YOUR WINNIG TRADES Is the mother of all mistakes
  4. M

    What is your largest drawdown?

    It really depends on if you are just a systems trader or you trade yourself. I have seen some good strategies go through 50% - 75% D.D of their initial capital from their highs. therefore it is extremely important where in their equity curve you start trading them. Exceeding the historical DD...
  5. M

    Does This mean anything to you

    Can INTEL start it.. who knows...
  6. M

    Does This mean anything to you

    I have noticed the drop in volume , as the price goes up... What do you think. ??? -Daily Chart -
  7. M

    Will I get filled GE Bid 11

    got in @ 11.20, Not holding it below 10 ...
  8. M

    Pot ----

    Good activity today, I wonder if we can close the 06-17 gap ? I have been monitoring POT and think that this is a buy signal.... Your idea ?
  9. M

    AIG - 20 to 1 reverse split?

    I just can't beleive what I see. This is not good ... not good atall.. they are going to attack it again and send it to hell. That just created another opportunity for the short sellers to make more money....
  10. M

    Floor ATR ( average true range )

    I have heard that floor traders use a different formula for calculating the ATR ( more specifically the daily ATR ). I was wondering if anyone has heard this or know anything about it..
  11. M

    The Down Move Has Started

    right now they are looking for the most populated stop order area. if they are piled up over 950, ( like mine is :mad: ) it will go to that direction.
  12. M

    The 30 most costly trading errors

    Very nice subject .... all of the items are true and briefly : LACK OF DISCIPLINE AND LACK OF PATIENCE are the main reasons traders fail. and always remember : TRADE WHAT YOU SEE AND NOT WHAT YOU THINK
  13. M

    The Down Move Has Started

    today, we need to close around 930 in order to get the continuation tomorrow,
  14. M

    TODAY - Friday 6-05-09 market analysis

    It think this forum is about trading and trading is all about the predictions. all I was saying was just a trade with a very clear stop and target price considering todays price action. can go wrong or hit my target, like every other trade. You , instead of making fun of other people here, can...
  15. M

    TODAY - Friday 6-05-09 market analysis

    some times I wonder why I still look at the forums in this web site, when quotes like this shows up. or some one might need to make another web site and name it ' ellite paper-trader ' so all of this garbage responses can go there.
  16. M

    TODAY - Friday 6-05-09 market analysis

    They sold the unemployment news and made a doji on daily ES chart with a volume higher than average last few days. I look at it as a sign of possible retrace to 915 area. I went short around 940 with stop above 950 , target 915 ,:D
  17. M

    S&P 500 short term overbought & low VIX

    it passed 200 daily MA on Monday and it tested and held it today. if it breaks it and go below 920 tomorrow, we will slide below 900.
  18. M

    Explanation For Closing Spike on Friday

    With all the respect to what everyone said. This is my lesson. ***** DO NOT LEAVE YOUR DESK EVEN 2:50PM Friday ****** My ass was sitting all day and decided leave @ 2:45PM because it was friday and not much action was going on. :D :D :D
  19. M

    S&P 500 very close to intermediate term top

    I did not see the big peak in volume at the end of today's session. This probably means that shorts did not not cover. However remember market turns when no one thinks it will. so if there are a lot of people saying, it will drop from here, that means it will not. I think a bunch of more...
  20. M

    pure tick

    I wasted 30 dollar for their trial. Very confusing entry and exit announcement. The report you see in their website is what they want to publish. Go ahead and try yourself ....
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