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T(theroy) - Best way to practice is to prepare for all sorts of circumstances so that when they really happen you move without hesitation. There is always the option to change but acting without fear and hesitation builds character. It also instills confidence. You are not trading with...

-note- I know that once my money hits my account I'm going to have to take it slow. Going to be hard since the nice wins I just had with the sim trading. But I have a feeling volatility is going to dry up. So working on a more solid trading plan is in order. There will be trades I just...

YM 15 min chart with 5 min entry B - 12824 T - 13,000 S - 12790 r/r - 34/176 1/5.1 Dbl bottom on the 15 min chart/ strong support at the 12600 level playing bounce look for a stall near the 12900 level also this is a sim trade so will be holding overnite. Used the 5 min for entry...

exited 12733 + 277 (dont you love sim trades) reason for exit - was basing exit off the 15 min. Looked like it was forming a h&s bottom; and the 5 min was suggesting this (although I could be way off). Still chose to exit at this point. Need to work on better defined rules.

INTC sep 22.5 put @ .58 S - 24.4 Target 22 or 21 in the underlying

Well Said! I agree! I think the US governement should: 1. Lock down the borders - start deportation of illegal aliens and or make them register and go through a process if they want to stay in this country. Kick out the people that do not sign up and want to stay here illegally...

YM ideal trades for 8-15-07 These are the trades I would of taken given the following criteria 1. Minimize the amount of trades you do in a given day to be 1-4 2. Look for trades that yield a high Reward compared to Risk. 3. Enter and exit trades near trendlines so the risk/reward is...

Since we are actually basing this trade off the 15 min and the 5 min entry then we will exit off the 5 min with not holding overnite in mind. Option to hold until 15 mins past thou hour is available. New stop is placed at 12956 (1 tick above the recent strong red candle body). Also since...

T - If I am trading off a particular time frame then I need to use that for my trade and use the next lowest one for entry exit ie 60 min/15 min 5 min 2 min Cant enter a trade under the guise of a 60 min trade and be staring at the 5 min chart all day and expect it to hit the target of a 60...

YM S - 13010 T - a ways BS - 13040 Theory - When entering a trade after a strong candle look for some confirmation; either from a candle or other. Theory - I feel more comfortable entering a trade based off the 15 min chart rather then the 5 min atm ... So perhaps use the 15 min to...

YM 5 min chart

YM 13080 T - 13160 S - 13049 Playing bounce off support; may get a knock back due to the dbl top. Risk to reward ratio risking 30 points for 80 so about a 2.6 ratio S - stop hit as I was typing. Reason - we completed a small h&s top on teh 2 min and now puched through support...

YM S - 13125 T - 13100 Stop - 13143 Playing this as a 2B top. Will plan to sell right at support and wait for the slow down. Mixed sentiment in the chart ie up or down so I wont wait for confirmation ie wait for my goal and sell. Possible dbl top formation thou on the 5 min. Well...

Brief evaluation - I dropped down to the 2 min chart to look for entry (many times this can screw up a trade - looking for a trade when not there). Also I noticed a trendline after the fact I didnt notice previously. I also didnt wait for confirmation via a candles. There were too few...

YM (PT) B - 13092 T - 13140 S - 13075 Reason for trade cup and handle formation 5 min S 13102 + 10 N (note) need to evaluate trading plan and goals. Options are sell when target is hit; or wait to see what happens at target and set trailing stop using various methods.

YM (PT) B - 13070 T 13140 S - 13060 b = buy t = target S = stop Reason for trade: Bounce off support on 5 min chart - stop hit before I could finish writing this. Will re-evaluate later

PT (practice trade) - Bought KSS sept 65 call for .90 stop is a solid candle on the 15 min chart at 56 or below. T (target) 59.5 or may hold if theres a chance for a breakout. Will reevaluate.

I like: PNM - check the open today 8-15-07 buy in and place a stop at 24.2 ~ target 22~ PHRM - Nice flag, hard to say when we'll move; it could do another few ups and downs here but when we move well move quick again (just like before). So this one will need to be on your screen with a...

KSS 60 min 8-15-07 Got another fun one here ... this one is good for today. Although confirmation would need to be seen in the market. Because if the market decides to go down heavily again today this will probably go down too. We should be good for 2-2 1/2 points here for the near term...

INTC 60min 8-15-07 I like this chart because we could have some exciting things coming up. Basically what I am showing here is a ascending broadening formation ie a reverse wedge; but it generally functions similar to a wedge. Eventually we should see a breakdown and a pullback to...