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Totally onborad with this answer. I have a reversal method that I use every now and then. I talked about earlier in the thread. It just uses BB's and I wait for the candle to go outside the BB and reverse. It has to close on the inside of the band. Then I will scalp 2 points with it. Works very...

So far we are getting a good group and I know I like that. As far as clinging to your method, that is great. Sometimes it is hard to change from one thing that has worked for you to something that is totally opposite. If it works don't fix it. I like your subtitle. I think so far nobody...

Jimmy, You appear to be using multi-day probability. (If you have a method that delivers 75 to 80 percent of the time on any given day, and the method doesn't deliver one day, the following day it has a higher probability - 100+ percent - of delivering.) Is that correct? If you are...

Yes, I do look at the ADR. I don't usually trade by it but if I am in a trade that is taking too long to work then I start looking to it.

You are right, That is why I hate trading on the fly. I always miss something important. Proves to me that the cliche I try to trade by "Plan your trade and trade your plan is correct. Especially if you look at today, the 1272.25 trade has worked I think 4 times so far.

Glad you like it. We are just trying to have fun makin monee and new friends. Good job, you and Lamont both took the trade I should have taken. But we are all happy since we all made profit.

How is that? I just look in the now I guess. I mainly use them to keep me in a trade and at the angle it is presenting.

Yes, I knew what you were saying. And I am with you. You seem like the type that also studies the psychology of the markets. Am I right? I am big into this part of the market. I like to know why the market is moving as much as when it is moving.

And you made the point about cherry picking the best trades of the day as well. Which if you feel like you are cherry picking there is no fear of size. Yes, on losing days I lose more money but I at least try to make it up the next day on one trade. But I can't tell others how to manage...

Totally agree. Here is a practice trade. Seeing if we get it to the 60day ema about 1279 and some change. By the way this chart I am using with all the ma's is how I use to watch my options and let me know when to get out. I call it ribbon trading.

Ahh, using my boxing lingo. I like it. I do believe we have more upside today as well. Money management is one of those things that I think everyone has to figure out themsevles. As long as you can lose one day and still comeback and play tomorrow is ok. I do like the one punch knockout but...

Yeah, this market should be in rock and roll mode by now. I would have entered long at 1275.25 for a second trade but market has a weird feel to it. Still has upside bias to me anyway. I am glad I am done for the day. You probably made a better call than I did getting in on the second one...

Yes, I put on a big position this morning using 25% of my account so I don't need to trade anymore today.

Yep, we be makin monee. I hope Jimmy and Lamont got in as well.

Good job, Dude Did you take the trade you called yesterday? I got in at 1272.25 and got out at 1274.75. I still think we will go higher but I wanted to bank some money. I am currently watching the live S&P index also and if we break the high of Friday which is 1272.15 I think we could have...

This from Yahoo Finance: 09:00 am : S&P futures vs fair value: +5.2. Nasdaq futures vs fair value: +9.8. Stage remains set for the indices to open on a strong note as investors come to grips with the fact that fundamentals haven't changed nearly as much as market sentiment. Despite very...

My orders are set if 1272.25 gets hit now I will be in long. This should be good today. IBM is up, QQQQ's are up and we are up. So get ready to rock. I amy go for more than 2 points this morning. Good Luck, 4re

New numbers for today. They blew right through our long for today so I had to adjust for that. This is not out of the ordinary. New Long 1272.25 New Short 1267.75

Forgot to upload the chart I was looking at.

Calls for tomorrow. Saico, I still really like the long at 1266.50 This might throw you for a loop but looking at the 3 minute chart I found this trade. It really isn't based on S/R but it is in the middle which really works good to. And it happens to end before the needles that I said we...