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only if it we are close to my entry call will I trade the news

Jimmy, Thanks for posting your chart with explaination. I hope it will help other to what and why you take your trades when you do. Have fun at the Dentist, may you have no cavaties. 4re

I see what you are asking. The resistance at 76 was a very good one that offered a lot of potential but I figured that level would be taken out by the Europeans during the night because it was so close to the close of the day yesterday. I also factored in the news that was coming out early...

Good question and the simple answer is that I believe it is better to stick with my original plan. Veering off the plan especially based on news usually does me dirty. I saw it ahead of time and was pretty sure that this news would spike us up. That being said some people may be coming in here...

Looking back on the daily charts that spike this morning cleared all the clutter out going back to the 16th of May. This will be very good for today's trade. If we don't hit our entry by 11:30 ET I will not be trading today. After lunch before a holiday always sucks. 4re

Wow, was anybody playing that spike up this morning. I don't play those but the reversal at 1282 is a very good thing for my long call. If we do break through it will take a lot of power. Power that we will use to get our 2 points. Good Trading Today 4re

Riaamaan, This is a totally different type of game but the T/A used in equities works here as well. If you fight with impatience and jump in early please don't do it using my method it will be certain death. It isn't good to do at all but discipline is a must using a breakout system. The reason...

Sorry, I forgot to post the chart that goes with tomorrows calls. Here it is.

Here are my numbers for tomorrow. There are several S/R's to the left on the chart. Some very good ones in fact. I believe several will be taken out in the pre-market which so often happens. That is part of my reasoning in tonights picks. If they do get taken out then mine will most likely get...

Riaamaan, Thank you for the nice words. I started this journal with people like you in mind. A place where you could get some help without getting the run around. The tips that I give here are only my opinion. There are other really great people in here that will hopefully give their opinions...

Hey Guys, This is to all the regular posters in here. Since I started this journal I tend to get several PM's a day from people that come in here to look around and hopefully take some good info from this thread. I have been asked if some of you guys would upload your charts with an...

You can get it from www.samuraitrader.com or if you semd me a PM I will get it to.

My favorite 3 books are The Disciplened Trader (have read it about 6 times) Trading For A Living The Samurai Trader (you can get it in E-Book) Have you read them? Regards, 4re

They saved it at the 20 moving average. Another reason I only trade my actual calls. Very easy for me to make a mistake trade on the fly. I would not have shorted until price broke through the 60 day moving average anyway.

That's cool. Have a good work night. See you in the AM

You got that right. I see a waterfall starting that could be big. How about you?

Thank You, It is the work from everyone that will help this journal be really great. I hope. To answer you questions: 1. Yes, I would always suggest watching it. Anything can and will happen. I am only human, and the market is run by humans. So I think it takes a human to trade it. As far as...

While I agree to a certain point. It kind of depends on the number of contracts use per trade. If you trade 2 contracs at a time and net 2 points per day that is good. Profit is always good. If you trade 20 contracts per trade once a day and have 4 winners and one loser that is better. So I...

I see what you are saying. I would say I typically get if not 10 per week per contract I come pretty close. I am right in line with that this week as well.

The main problem I would have had going short at 1270 at this is that it is in the middle of my channel 1268 - 1272 (which actually goes up to 1274, I was leaving some wiggle room). And we were in at least a short term divergence on th live S&P index. Moving averages had 20 on top of 60 day. I...