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I have 1205.25 as LOD yesterday. Moreover, we have tapped the 1205-7 area several times since then. That's close enough in my book, but we'll see....

seems like we're rangebound for the moment, going between pivot 1222 and gap fill 1205ish. it will be interested to see if there is a breakout of this range. have tapped 1205-7 a few times now....

what combination of indicators on the 2 minute and hourly charts are you referring to?

okay, kudos lc....

can't figure out who originally said this, but whoever said it was...right on the money.

amen. as much as i hate to say it...i agree.

agreed, but...i'm super curious. can you tell me who the smart and lurking trader is? pm me, if you want.:)

well, stevie, i dare say that none of us is "rich" by mccain's definition of earning at least 5 million dollars per year....:D

wtg, becks! i would point out to the readers of this thread that 7 contracts at 2 points apiece is $700. if you can do that even 3 times a week, that's 2k/wk, which is 8k/mo, which is a good living for most people.:) on top of that, the 8k/mo is only charged at 15% lt capital gains rate...

one more thought and them i'm out. when i was very new at this, i would see people saying to figure it out for yourself. i thought, yeah right, like that will work. but it's true. someone can try to teach you their method, but until it makes sense to you, it won't work for you. reading the...

i'm just now reading your question, bb, so i'll just say i agree with what he said. i've been reading a lot of books, mostly recommended by smilingsynic, but others that i've discovered too. when i read "mastering the trade", by john carter, i had that "aha" moment. i read his section on...

i had to post in response to this one, because it's almost exactly the same technique i use. it's boring, but makes consistent money. 90% of days pivot is hit. i'll take a 9:1 winner any day....

as much as i hate disrespectful attitudes, i agree that this is not usual behavior for anek. let's cut him some slack. maybe he's having a bad day....:)

amen. it's this simple fact that keeps me from starting a thread of my own. i've been lurking here, but wanna say wtg, becks! i have my own system that wins a few points consistently, but i trade every day. i can't sit at the screen and watch like i used to do when i was a newbie...

i think today is a turnaround day, an all day upper (adu), to coin the term from pekelo. let's see how the afternoon goes...61 is line in sand and s1. if it can hold, then i think we go to rally mode to 1300-1320, as others have said. i had signs last night that today would be an up day...

lol...ya, i never ask him for advice. but i guess i did it b/c i wanted an excuse not to take the trade, or i wanted to abdicate responsibility if i did...either way, i'm over it now. on to the next trade!

this morning i took the trade and it worked, barely reaching my set point before plummeting...unbelievable.

last night i was looking at the es...it was at 65. i was thinking of taking a long and riding to 71 or so. i told my husband about it, but said i was afraid to take it b/c the 830 news could make it go awry. he said, "how much money will you make if it works?" i told him. he then said...

that's what i was thinking... did a little short, nothing major. i had in my mind to short 83 and ride down to pivot, but lacked the guts. so got on for a little ride after pivot and before low, just a scalp. i'm probably gonna be sidelined for the rest of the day....

looks like they're currently headed for a gap fill....