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yes, it was a buy program that kicked in around 10:25am.. congratulations on your day:)

agree .. we'll see how the internets and the networkers react on YHOO, JNPR

since i did not have any setups today (boring), I will post a chart setup from 1/11/05.. I executed the trade twice ..it should already be posted to this forum ..

no further setups today .. net +$80.10 usd

9:30:13 Buy 1000 JOBS at 28.29 on ARCA (1000 traded @ 28.0114) Executed 9:33:50 Sell 1000 JOBS at 28.00 on ARCA (1000 traded @ 28.0915) Executed scratch .. tried for the gap fade at the open

i use a per. 3 up/low envelope (SMA) with a 1% offset

Of course i have certain criteria that i look for .. i look for price to get stretched far fom the 24 MA using a 3m chart as well as price to penetrate the upper (or lower) band with volume. I also look to see if this looks like the end of a trend or is this a new trend devoloping ...

As described in my first few paragraphs, my success rate seems to be about 80+%. Now i am very picky in which trades i do commit which brings me to your second question. I am mostly sidelined in times of trending issues ... The opening hour or two are the best times for me ... I will post...

this is based on the trading model i have devoloped and traded time and time again ... the 80% is the probability of the price snapping back into the channel which i use on a 3m chart ... i will be posting my future trades to this forum and i am open to questions...

great batting average:) looking forward to the following week ... hopefully I will execute some nice trades to post.

looking forward :)

sounds to me like you may be overtrading. Personally, I may do 1-3 roundtrips per day .. i have learned to pick the pattern that you are most confident trading.. and wait for it to appear .. and when it does appear, execute with a pre determined exit strategy.. of course what works for...

you are encouraged to post your trades, winners or losers, to this forum for discussion .. hopefully, we can discuss many different trading styles and learn from each others methodologies. thanks for your comments:)

you are welcome to post your trades to this forum for discussion... I look forward thanks for the comments :)

i would like to hear more when you finalize your trading model.. thanks for the comments :)

absolutely ... pattern recognition leads to confident trading thanks for the comments :)

MACD and RSI are secondary indicators i use to confirm the suggestion of a trend reversal ... look to the RSI even less ..but this can confirm overbought/oversold conditions ...

thanks for the post ... i invite other trading methodologies to be posted in this forum, succussful or not.

i use realtick and was trying to import my charts ..however i am having a bit of trouble with the latest version and unsuccessful ... i will try an earlier version of realtick and try to correct the problem .. thanks for your comments :-)

here is another trade i did on AAPL volatility last Tuesday ... the first time i traded the calls (in the money so intrinsic value will match the movement of the stock) ... my only problem here is the execution at 6.00 ... only with 3 contracts filled ..(wanted 15) i will elect to trade...