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I put myself in sim mode for a week once when I had a week of bad trading. I made my 2 points everyday I was in sim, it was sooo easy. I went back with real money and lost the first day back, what a downer. Then I went on a 14 day win streak. It really is all mind over matter. My 1st day of the...

Hey Romik, Thanks for the nice words, you and B1S1 is where I got the idea from. You guys have a very thight knit group with some squared away traders(Thats good). Actually what I look for is areas of past congestion, places where price had trouble getting past for whatever reason. That will...

I am having a hard time seeing the chart due to my computer issues this evening but it kind of looks like you are right under a support level at the close. Looks like a good short to me at the current price level. I could be wrong though. 4re

Actually it was a reversal this morning. We were up from overnight and when the market opened it reversed and tanked. We were in a bearish wedge going into the open this morning on the 15 minute chart. I wasn't expecting this type of fall though. But it doesn't really surprise me either. I try...

If you are having success with the YM stay with it. These same principals work with anything. Do you watch anything alongside the dow. I always watch IBM. It is a stock I traded for years with a lot of success and I have noticed that where IBM goes so goes the dow. We used to say never go...

Good, also Dr Alexander Elder's book Trading For A Living is very good. I have one on my nightstand and the other in my office. I refer back to them all the time. To get used to determining S/R it is helpful to look at your charts find what you consider to be a good level and see what happens...

Just a note: I am having all kinds of network issues at the house today and doubt if I will get them resolved before tomorrow. Right now I am on a neighbors unsecured wireless network with a laptop. I get a liitle weak signal but it is working some. I will try to post the trades for tomorrow...

No, I am usually happy with my daily 2 points although today I actually did 2 trades that got 2 each. I own a company and have to go out and work sometimes so I couldn't trade very many trendy days anyway. I am even happy when I get 1 point in a day. Profit is profit in my book. Thanks for the...

If you will look back several pages you will see how I exit my trades. I do get out early for a couple of reasons. If price moves 1.5 points and reverses I will get out with 1 point but I do it with the intention of re entering if it comes back. If price moves 1 point in my favor and reverses I...

What trade did you take? Obviously, looking at the charts it was probably a short play... Good trading. BTW, why were you in sim? 4re

Wow, where is everybody today. Did anybody else get their points today?

I was looking at a 15 minute chart but I saw it on the 10 and 30 as well.

I took the cross under on my 20 day moving average. I was seeing a bearish wedge forming so as soon as I saw the 20 day cross under I went short at 1275 and at 1273 I doubled up and exited at 1271.

I hope everybody made their money this morning. I am going out to do some real work, will be monitoring though. Happy trading to all. 4re/ Gary

I don't but I do watch the live S&P market, at least at the opening.

Yes it was. I actually did 2 trades this morning and got 2 points out of each. My second trade was the short at 1273. We stalled until the consumer confidence numbers came out and then BAM. Got it. Hope everybody is happy. 4re

Actually I was wrong with what I told you because. I would wait until 1283.50 to go long at this time due to early morning action. If you do decide to take it set a tight stop or be prepared to exit early. looking at the 15 minute chart we are looking kind of bearish this morning but they caould...

Monti1, Thank you, I hope you like it. Your short position is the same as mine so it looks like we are on the same page. The only problem I have with your long is that it may be hard for it to hit 2 points without stalling. You should go ahead and use it if you want to though because if they...

I gotya. We sure could use some of yalls rain down here right now. Keep popping in and good luck tradin...

I don't know if you are asking me or not. I don't think so but I'll tell you anyway. 4re said all together is Ferrari. I just so happened to see one the day I signed up for ET and thought of the name. Maybe one day, huh...BTW my name is Gary and I am in the Dallas area. 4re, varoom