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The economy is still in bad shape they already no what the fed will do leave everything as is. So what is keeping this from falling like a rock. I'm as optimistic as they come but I'm also a realist and I can see how bad things really are in the U.S.

thanks

Does anyone no the time they normally make the announcement ?

Ammo do you think we bounce up a little bit and then continue in the downtrend or do these trendlines get respected ?

I think I will take a look at CL, never looked at it before but I've been reading some of the CL journal and want to give it a try. Anyway good luck with what ever you trade.

Nod how do you like trading CL ? Is it easier or harder to trade than the ES ?

Are u still trading the NQ also ?

Nice trade

NQ just broke upward.

Just seen this chart and explanation. Thanks

I don't trade the breakouts I trade once it retraces then I enter in on the trade. I have never had sucess with breakout trading and I wait to see if support supports or resistance resists then on the retrace I enter. But you seem very successful at knowing the turning points anyway I wish you...

2 days in a row you sure are getting good with the NQ. Way to go!

Good call with all the weakness I questioned that but looks good for a big retrace.

This could be a very good journal. I trade the NQ with nothing but price action and some trend lines. Buy dips in an uptrend sell popups in downtrend, trendlines very helpful. Anyway continue on with this journal and I hope to be able to contribute. thanks. pac

Great trading all one had to do was sell the popups (retrace) when market goes the other way buy the dips (retrace). Not every trade will be a winner but if you cut the losers quick you will see more profit than loses, anyway great trading. P

Ras I trade the NQ. it usually trends better than the other e-minis or at least it seems to to me perhaps because I know the characteristics of the NQ so well. All you need to do is study your charts which way is it trending, up, down or sideways. If sideways stay on sideline and wait for a...

I know its spelled direction.:)

The most important thing you can learn is protect your capital,cut losers quick. Learn to ride your winners trendlines help me. Trade in the derection of trend don't call tops or bottoms go where the market goes don't fight the market you will end up broke. Buy a pullback, short a popup in the...

I'm goint to post some things I've learned from others that may be of use to traders. I do not use time charts to enter trades but this first setup is mainly for time based charts. Its referred to as a tweezer top or bottom.

I also forgot to mention that I do use trendlines.