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Sorry, let me clarify, the bottom at that point was 1232, I went long at 1232.50 (which is still pretty close to the bottom). My reason for going long at that point was because the es sharply declined and went south of the lower bollinger band.

I usually don't trade like this, but I've recently been using bollinger bands in combination with fib retracements to get a feel for a short bias or long bias. Usually, I'd fill the positions at 1, and 3, and 5 increments but today I did it different. I went long at the bottom end of the chart...

Out at 1232.

Short 9 at 1235, exit planned for 1232

Or how about a lot more intra-day volatility...today was good at the first half of the day and then we slowed down a lot at the second half. By the way, thanks a lot for your earlier post explaining money management, makes a lot of sense, much appreciated.

Anyone else have any other opinions on the money management question?

Well I can't trade any smaller than the size that I'm trading at because I'm trading one contract on the ES (well it starts at 1 contract and per the method outlined averages down with +3 contract +5 contract for a max of 9 contract) But really I can't go lower than that without changing the...

So last week I net about 1500...this week at 1722 and it's Wednesday. I have a question about money management, I'm more than happy to have just $1k per week, what is your opinion on ceasing trading once hitting the weekly goal? Should I keep trading until the week is over or is it wise to...

thanks for your response. Let me ask you something else...you haven't posted for a while, I've read every post so I know the situation, no need to re-explain :) Have you been profitable with this strategy in the long term? Are you still doing it?

Another question, 1a2b3cppp Do you determine to have a long or short bias before looking for retracements? And if so how do you determine this bias? For example, today the market went up about 250 points, so I'm inclined to look for short retracements instead of long retracements, what's...

I've been doing this for a few days now and had some good and bad trades today, I'm net positive for the day but my last trade I closed early at 1178.50 instead of at the 0% point of 1179.25, this was a winning trade, I profited about $1100 on the trade and it would have been about $1450 if I...

What do you do when bored and looking at the chart after setting up a trade? Do you stare or do something else?

You posted this question on the Yahoo boards as well, and I think you got a pretty good answer :)

Dude, that is insulting to the 2-3 million of Americans who suffer from this neurological disease. PBA affects those with multiple sclerosis, ALS, strokes, and other types of brain damage. It has ruined people's social lives. Go tell the people on alsforums.org that PBA or emotional lability is...

When will TEVA, Novartis and Biogen make offers?

I've been following this strategy extensively. May be my path to starting ES trading. Anyways, question...I noted in one of your posts that the spread between the 100% point and 0% point was too wide so you didn't want to mess with it. (There is a large spread like that from the open today on...

Hey, why do you keep saying "expensive" CPA? I'm a CPA and I'm not expensive ;) As a note, if any of you happen to have a job where you receive a W-2, you know you can manipulate your withholdings at anytime by filling out a new W-4. You can put a custom amount for how much you want...

[/B] There is no evidence to prove that it's going to become worthless. While we are now using fiat money instead of basing our dollars on the gold standard, it's a known fact that the U.S. dollar still remains the de facto 'world currency'. Every country wants it, every country wants to keep...

How are these spammers signing up for these boards and posting crap about newsletters and such? It's filling up my e-mail with nonsense replies when I'm only trying to read replies that I care for.

What makes Gold so valuable other than the fact that everyone thinks it's valuable? It's the same thing with the Dollar and the same thing with other precious metals. Gold has little functionary use other than being nice and shiny. I believe a lot of the value of gold is a result of people's...