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I just wanted to thank trader28 for stimulating my brain a little. Over the past four weeks I have developed a little system that has been extremely profitable based upon some of his original principles. I'll mention a few key points that are different from trader28's in case any of you...

Resistance implys that price has traded there before and there would be sellers who would like to sell if we hit that price again. Since the DJII is at a new high, there will be no resistance until there is a pull-back and a failed test of the high. SPX old high is 1552 RUT old high is...

The top will come in when there is more sellers than buyers. No one knows what the number will be and I don't know why anyone would care. As a trader, all that should matter to you is that there are more buyers than sellers, so every pull-back, flag, sideways, etc should be bought...

Not that I really care, but aren't you the guy who said he would stop posting if the SP hit 1360?

Buying the S2 at 1354 with a 4 point stop was a wild ride. I've bailed on half at 1357 and have the stop on the remainder at break-even or 4pm. I thought I was a goner when that plane hit and we dropped down to 1351. Sometimes you do get a little lucky :)

You are correct. If we knew when a trend day was to occur, we'd all be rich. Determing a trend day has become less important over the past six months. Here's why. There haven't been very many trend days. I keep a 30 day moving average of the range of the ES. Going back to...

You're right about lots of ways to have things work on trend days. LOL On smaller range days, I keep a very close eye on the PP's and R and S numbers and usually just trade off of those.

Just had an entry at 750.10 and exited at 752.1. I'm not sure there is enough movement in the YM and ES to make much money. The ER moved $200.00 while the ES moved about $100. This is a very "quick hit" way to trade, so you probably need to adjust profit targets on the YM or ES to lower...

My entry was at 10:56 bar close or 748.70. I bailed at break-even after no movement for 10 minutes. I think if you re-read the posts from trader28 you will see that it is not really a programmable system. There are a ton of whipsaws that you must avoid to have any hope of being...

Problems are still on going. I will not do any IB trading until they demonstrate reliability.

It's an IB problem. Anyone using tradestation for e-minis? Feedback welcome. Thanks.

IB has become unstable and unreliable for trading on numerous occasions over the past 4 weeks. What is the best alternative for trading e minis? Thanks

Yes, but with bonds and the banks closed, it will probably be a small range day.

Bonds closed at 1pm est and are closed Monday. I'm bailing out of my S2 trade (1353.5)...bank some money and call it a weekend. Best to everyone.

I could be wrong (it's happened before), but this looks like one of your nice consolidations before another pop to new highs. No reason to guess, I'll take the signals as they come, but I'm only taking buys until we make at least one more new high.

"as in not needed" I am friends with a few other traders who felt the same as you until unforseen circumstances took place that gave them a beating that they didn't need to take. I would not wish the same on anyone, thus the cautionary note of making sure you are not leveraged to the max...

That's my last resort, but you must still have that option. Here's the hard part. 500 shares of SPY= 1 es 500 shares of SPY = $62,500 25% margin = $16,000 per contract You can figure out the equivalant for IWM and QQQQ. Not favorable, but IF all etrading goes down and you need...

True, as far as my experience. On Gary's break-out, 2 points should be good enough for a stop. If the break-out is valid, it should move a couple of points right away or fail right away. Gary has really given all of us an entry and a stop. How you maximize the trade is up to you. One...

The United States of America- Land of the Free????? For this election in Novemeber, I think I'm just going to vote for anyone who is NOT in office. or maybe I'll move to another country, people did that about 250 years ago and it worked for awhile :)

You knew it was just a matter of time until the regulators would want to protect people who deposit $25,000 into an LLC, have unlimited leverage, and eventually blow themselves up. Over the past few years there have been thousands of traders "blowing out" of these retail shops disguised as...