Search results

Kris, This isn't a bad strategy as your long and short cancel each other out. It is the perfect hedge and ensures you will lose nothing in the short-run. If the stock goes lower like you believe you can cover your short at a lower price and close the hedge. The downfall....if the stock...

A break of a downtrending support line is bullish. If we go below 1394 I see it as bullish, unless it is driven by another crisis. News trumps the charts so it has to be a technical dip below this line. At the open selling because it's a little scary out there right now would suffice.

It's time to post a closing thought and let this thread die.....it seems the majority of the people (seems to be around 95%) who responded to this thread don't think it's a good idea but the minority do (that leaves 5%). Do those numbers look familiar? It's not my intention to rip anyone...

My first job was a carpenter. I was pretty good at but it was too much like work. I had to find something a little easier, like trading.

And....I was a winning trader before I started doing this. I had a 65% win rate and I was generated a decent yearly profit. I really started to make money with I began using the DD. I would never have even attempted this if I didn't have that prior track record. It's a dangerous strategy if...

You have no idea what you are talking about. The comments you just made are based on a method I presented and nothing else. You have no idea what my triggers are, or what my track record looks like. You talk about...."i LOVE traders (and i use that term loosely) like you. you are the...

Today is a perfect example to see why most traders lose money. As price is falling traders are crapping themselves to get out....just get me out! There is a great deal of fear in the market, which is pretty clear from massive volume at falling prices. The price stops falling, and actually...

This is a very nice profit curve! Early on, mine looked like an accelerating growth curve, which bothered me because it was exactly the kind of short trigger I looked for. A few days later it looked like a stock market crash :( Since that time it's become more of a steady, sustainable...

Those are nice triggers, just not my style. There are many, many ways to make money in the markets. If trading triangles works then use it. It just doesn't work for me. I had to come up with something different and trading extreme price movements is what I found works best so that's the drum...

It depends on the type of setup. Once I book a profit I usually go back to a small lot. However, if I take a profit on something like a double bottom with a lower low and a triple bottom with a lower low appear - a higher probability trade than the previous profit - I will stay a little more...

What is more liquidity going to do to the dollar in for inflation? Are foreign investors losing confidence in the US market or gaining confidence? How will a lower dollar effect that? How does the fed fight inflation -- the inflation they cause, by the way? Higher rates. The Fed hasn't...

But it takes all kinds in this world, and if you want to keep toting this horn, go right ahead ... just don't call it a very powerful fut's strategy.----------->>>> It's a very powerful fut's trading strategy, in the right hands. It's a strategy traders use when they don't know what they're...

Here is another trade for 4 more points. I'm pretty good at picking tops as well. This is a perfect example of an extreme price movement but I won't tell you how I measure that. All this coming from someone who doesn't know what he is doing?

Oops, forgot the chart

Here is another one....this is the v-bottom, double bottom with a lower low, triple bottom I was referring to earlier. I didn't take the V or the double because I was working NQ at the time but I took the triple for, yet, another profit. And I don't know what I'm doing?

My trading account is getting pretty fat for not knowing what I'm doing. I must be one extremely lucky guy. I'm up over 700% in about 4 months on this account and I'm doing it consistently. It's not luck and I DO know what I'm doing.

Here's one on NQ. The first started the same way, long, exit w/stop, a DD then average a little lower. Oh....I can't wait to here the bashing because I averaged. Before you do that this trade was based on a support level in a different time frame. There is a method to my madness, and a nice...

Here is an example of a DD trade from this AM. To keep the math easy let's call the first trade a 1 lot and the 2nd a 2 lot. Trade 1: Short at 1446.00. I had a 2 pt stop in and they took me out at 2.25 - the high tick of that candle, those bastards, lol. The loss on this is 1 x $50 x...

For the sake of argument, let's assume a V-bottom has a 50% win rate (it's actually less but this is just for the sake of argument), a double bottom with a lower low has a 75% win rate, a triple bottom with lower lows has an 85% win rate and a hard bottom with a falling wedge or falling...

Epiphany, This is exactly what I'm doing. I'm taking a bigger position on a higher probability trade. If trade A has a 50/50 prob would you put your full line on it? No. What if it had a 95% prob? Yes. The problem here is.....when you see setup A (the 50/50) trade you don't know ahead...