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is the fed reserve announcement a sheduled one? why i cannot catch the big movement.

how shallow is shallow retracement?? every deep retracement begins from shallow.

i got three 10 point ym in this afternoon market. (i overslept this morning.) but i still don't like this scalping market very much cuz i think this profit is misleading. unfortunately, i did not catch the huge down days ago. :mad:

nod, nod. :D :D

monarc, you can call any trades in any length of periods home run. i am not against it.

Not bad at all for ES. a little small if for YM. :p

to be simple, buy at 10:30 ET? :D

If you call 1 point ES and 20 point YM a home run, ......

porgie, what makes your post so un-readable?

good work, although i have not read it carefully.

It seems you are a big fan of the reversal. :D

east time or central time?

On March 28, 2006, Fed will raise bank rate by another 20 base point to 4.75%. The following will be the statement along with the announcement: "While FED sees solid economy going forward, the housing market may experience a measured slow-down. FED also sees long term inflation remain benign...

but now it is 1289. the possibility becomes 11 points up, 14 points down .

as far as i know, it does not execute stop order.

Spydertrader, I did read most of the posts and get most of the ideas if not all. Thank you for sharing your journals. I have not really begun to trade it though. I remembered one of your rules is to buy on the day when the volume reaches 3 times of dry up volume which is a best...

Spydertrader, from your last stock, it seems you change your strategy from buy break out to buy at bottom, doesn't it?

Grrrrrrrr... Happy New Year!

I don't agree. This downleg happened without the paticipant of institutions because of the holiday, and the volume is low. I am expecting an at least short term rally in the coming new year.

thenewguy, Aren't you a IT manager? still want to turn trading as your job?