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One of the oldest tricks in the book. Very little upside left in this rally. One more daily rally cycle is all I am expecting personally without QE3. Little end of the month wildcard there.

26 points already... Hmmm... Looks like I need to shift my projections from the Tuesday sell signal setup lower... Lets see where bottom out at by next Tuesday. Keep underestimating market range. Was thinking we would only pull back 20-25 points. But this far on the first day of...

Another situation that is exactly the same as now... 2008. A solid 20-30 point parabolic rally in the week and a half after a couple days of rally would make a nice blowoff point to short. We'll just have to see what we get.

The past doesn't always repeat exactly, but it Rhymes... Here is the situation we are headed into... Green dot shows where we are right now, and the green highlight overhead shows what were headed into.

Four day sequence??? That doesn't exist... This market is trading with a 5/3 average right now... Average of five days up, with three days down. I am expecting the next daily rally cycle to be a three and a solid short... Just need a pullback then another rally. How the market reacts...

The Tuesday Low conviction short I mentioned showed up. Haven't been bothering to update this journal. No trade here though... Just a LC-S. Real low conviction... Most the market is likely to drop from a setup like this is 20-25 points from the highs. Why bother... One more rally cycle...

Nah, just a few months at most. (Including this month). We didn't pull back enough for a major rally. If we get QE3 we could get a solid 5 months or more...

Spanish. Everyone is hoping for a bad jobs report tomorrow... So that we can get another multi-day rally. If we get a good jobs report our odds of easing and another major bull market rally go out the window. The worse the economic data is the better it is for stocks in our current...

So, what was this guy in trouble for originally???

Tossing 100k worth of shares around in a penny stock is like someone tossing 60,000 ES in at market. People take notice and don't go against that persons bet... Massive options bets in placed in the market before news events that hit the news are also somewhat market moving.

You all need to read George Taylors Trading Technique... Deals exactly with what this thread is focused on. Great book.

FX... Ugh... The FX market acts erratic and patterns weird. The price action doesn't make sense to me. Equities move differently depending upon which direction they are moving and generally have V bottoms with rounded topping patterns on time charts... I'm very used to them. I solved...

Anyone ever notice this? I never thought about it before... But, I just realized the number of card game terms they use. They refer to moves as "Fake/Fakeouts/Bluffs" vs "Real/Solid", and etc... Using this sort of terminology is actually on spot and properly descriptive of market action...

You are deluded in thinking trading is anything other than what he said... That is what trading is. Deceiving someone into buying something from you at a higher value than it is worth, and deceiving someone into selling you something for less than it's worth. LoL! Duh... :cool:

I dunno... I get a kick out of this place. It's entertaining as #*$#*!!! LoL... I think it's kind of an honest reflection of trading. Trading is a game of deception, a battle of big ego's, a invisible sliver of truth here and there, and etc... If you can't handle the party, leave the...

Whats up homeless bum? Btw, you can kiss your free government money goodbye within a few years. :D Mark my words.

And this matters why? As long as you know what price is minute to minute and the spread nothing else you need to know...

Meh, same thing really. Btw, know one thing I never understood... Why are SPX options higher leverage than SPY options? 6 Jul 12 (W) Stock Last: $137.38 SPY 137 CALL 1.00 - ASK SPY 136 CALL 1.74 - ASK Stock Last: $1,374.02 SPX 1375 CALL 6.70 - ASK SPX 1365 CALL 13.30 -...

Honestly I am getting too lazy to play the spread with limit orders when I trade spy options... You can usually only improve your price by around $1-2 per option. Kinda not worthwhile bothering with and just focusing more on timing. With something like SPX options playing the spread is...

The only sure thing this week was the continued move up into Tuesday. Now things get more interesting daytrading wise as we enter the unknown into Thursday/Friday... Volatility shall increase! Yay!!! :D