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Hey Porgie, I agree with you. Lots of indicators are bunk, but I tend to use a few myself. In your odd little way you keep on pounding away on how stops are important and I agree with that too. btw, I kind of figured out what your system is, don't worry I won't give it away. I don't think...

cnms2 Thank you for your outline. The idea is to take advantage of chart reading abilities and take outright directional trades for a holding period of no more than a week. The logic is that if the short-term directional call is correct in the first place, then if the stock should drop for a...

Most techs have been beaten to pulp. They're due for a bounce. Might add PMCS to your list. I don't trade options or stocks for that matter as standard fair, but this thread has perked a few ideas I had in the back of my mind for quite some time now. Has anyone toyed with the idea of...

Still not up after 16 hours. Incompetence galore.

Actually I find that the Euro openings don't predict US opening on major announcements. It's the other way around. eg. If tomorrow US closes up 1% higher, then you trade long the Hang Seng, make some bank, then trade long the DAX make some more bank. The correlation between European markets...

You keep on mentioning DELL like it had anything to do with the EOD pullback. DELL is irrelevant. The ignorant talking heads and journalists will pick up on anything to make themselves look smart and right now DELL warnings got them going. DELL is only down 0.50 A/H so how is that news such a...

imo we could have a sucker spike at 10380 to shake out the shorts and sucker in longs who are looking at the gap fill and counting their $ already. Extremely Dangerous waters here to be positioning trading. Personally if ES is below 1201 tomorrow and shows sign of weakness I will start scaling...

I'm beginning to have doubts about your trading style. I'm not anywhere near as good as you, but still......... To let a stop run like that...wow.

Ah-hem. As I was saying...... http://www.elitetrader.com/vb/showthread.php?threadid=58005 Knowing that this market is manipulated to high heaven is an edge. Keeps you from getting your head chopped off by the bullies.

where did you come up with that stat? Edit: looks like screw the longs time came early, was expecting it tomorrow. Went down fast EOD.

I hope they lose the bid. What a pos IT backend. Can't log in all day. Bloody POS. Fire the IT idots and offshore the whole incompetent department.

Wonder what % of his net was tied up with his fund. I know he's real bullish on commodities, so must have been a substantial %. Real shady goings on in Refco, jail time all around. Don't forget the even more shady ipo.

This is still a suckers rally imo. tomorrow they sell off as longs jump in.

imo still in a screw the shorts set-up, next setup should be the screw the longs. Unless ES breaks above 1209 - 1213 we're still inside of a trading range.

Looks like a good short here at 10475

YM could go to 10500 today. How long you plan on holding these trades? Any targets?

Is anyone having trouble with IB TWS?

Does anyone have a good reference for a self paced NLP course from beginner to advanced?

Major News does play a role in moving the markets short term. If you went short U.S. Bonds and Long EUR right after Bernankes appointment announcement you made some decent change.

Prechter is perenially wrong. But then again the EW process itself is deeply flawed and works only in hindsight. One has only to look at the few EW "gurus" who post their charts on ET to see that to be the case. These guys have been the biggest fade around. So far the only guys whose market...