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The indices are getting a little too pumped here. I would love to see a huge blow off to the upside next week to get some great shorts on. I think after next week, we are going to see a test of the lows into June. I'm not ready to short yet, still a buyer until late next week.

HAHA. Sometimes you find comedy on ET.

Payroll numbers will be very important. NFP. I won't get into the rest here as this thread is not that serious.

Friday is going to be fireworks. I hope people aren't buying into this pump. This is time to unload your best performers. I closed 80% of my long positions in the last half hour today. I won't short yet though, but I would not be trying to chase it. I will short sometime around May 7-9 next...

It's a short squeeze rally, nothing more.

If you're doing a trend following strategy, I think the best profit targets would be to set a bollinger band to 3 standard deviations and take profits when price gets close or above the 3 sigma level.

I was joking.

You already made a live call earlier today, why double post? That is why I don't think this post should continue to exist. Whoops, this bump puts it back to the top.

If you lost 50% this month, I find you must be short. The bottom came in the day of the BSC debacle. You have to realize the fed changed the way markets work on that day. As far as the trend, I find the market is in a sideways channel. I think we will get a headfake to the upside next week that...

You are undercapitalized. You need at least 5 grand so you can hold some size for a week or so and not get stopped out on a margin stop. You have to take the big trends to stay in the game in Forex.

Buy vix 10 vix options at the open tomorrow and you will be back in the game in no time.

I can see the setup. Short squeeze day. They are waiting for the right opportunity to hand it to the shorts.

I disagree with you there. You need to report every trade to the IRS and you need to defer wash sales to the next year if you have them. As far as tradelog it does what I need it to, I just hope that management learns that the recent complaints are to get better customer service. The...

Are you planning on holding this short through the fed statement tomorrow?

Nice turnaround. One question, are your commissions included in your Month results?

I think what you're asking is a cash symbol for crude futures. The only proxy I know is USO. But it's not calculated at the same price.

The pattern since the fed has been cutting rates is a rally into the meeting.

I've noticed a lot of threads trying to understand the current price action. Why are we seeing a huge rally, when the US is teetering on collapse? It boils down to understanding what inflation is, and how it works. Monetary expansion via fiat printing always flows first into the big banks...

I think having a profit target every day is the wrong way to go about it. You take what the market will give you. Some days, you will make a killing and that makes up for the days that are just not trade-able. The key is to be able to capitalize on the days that have the biggest opportunities...

My case rests. You can see David Eich's arrogant, smug attitude in each of his replies to this thread. The software is convenient and saved me a lot of time, but the interaction with him turned me off.