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YM dropped 127 points on the 5 minute bar at 3:50 pretty funny

Just for grins and giggles I bought 500 shares of Cisco today -- prior to the google earnings Cisco very very frequently runs up in the 8 days before its own earnings report --- and if goog meets expectations that pattern may hold for cisco

+$845 for the day on 8 trades more importantly - I got up this morning and made the trades according to 'the plan' (harp music optional) --- despite the loss yesterday Pretty confident in my one simple-minded setup - and working on a second +$3724 for January on a $10K trading account...

Missed the most recent run up by 1 point on the YM had the buy order in at 12540 bottomed at 12541 :cool:

After frantically trying to get out 1 or 2 trades when the market and the volume moved against me --- I have come to the conclusion I always have to have a stop loss in place I don't know how much money I might make on any given trade --- that is somewhat discretionary. But I am as certain as...

I am - I have been all day at the pivots worked well today :-)

Yes - 6 of 9 trades I made yesterday were exactly like that

If I new how to set a trailing stop on TOS I would set it Instead must moved the stop to 12,390 and gonna take the dog for a walk Cheers!

A'ye Cap'n Thar she blows 12393 stop loss at 12350

I am watching the YM 5 minute chart --- and waiting to see if it goes through the S1/S2 midpoint if it does I am going to stay with it

Thanks avarus I don't understand what you just said - but it will give me something to research appreciate the response

avarus -- what are your thoughts behind the short @ 1370? Are you just looking at the pivot? Im thinking it will fill the gap to 1394 --- after that, who knows?

OK - thanks for the feedback Best of luck tomorrow!

First time Ive traded a fed day -$535 I learned alot 'Good things I did' Had a 'buy' pre-placed at 12,550 just prior to the runup at 12678 that one worked fine I shut the laptop off when 6 out of 9 trades went against me -- this was a very good thing. 'Bad' things I did I was...

-$535 on about 9 trades lol the only think I did right today was shut the lid on the laptop and go do something else I have already put it behind me gonna go take the dog for a walk

When they passed Prohibition, did we quit? No, we drank till it was repealed!

I do then converit immediately to a fund in wrap contracts then trade off it

another 500 point day in either direction would suit me just fine tremendous opportunity to learn and maybe make a few bucks

+$40 on 1 trade I really should learn to use the triggered orders on TOS -- thats my task for tomorrow