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We could see 1380 on this run.

Buy stopped in long @ 1297.50 with stop at the lows. I am expecting this runs up here a little. Trailing stops on longs as we should get a double bottom to test the lows again. If it runs and no double bottom then will remain long with stops trailed up.

Now take the time to read the nuggets Buy1Sell2 dropped in his threads and you will prosper.

The long term short forecast is 1225-1200. The long term long forecast is 1560-90. Buy stops are at 1297.50 and looking to be moved in tighter as we are in the short forecast target zone. I will look to buystop long into the market as well as start buliding a long position on balance. The...

:) the markets oscillate. They oscillate to where the greed and fear emotions will come into play and it happens in every fractal of time (5m, hourly, daily, etc) I know Spectre2007 knows all about this as well after having read his notes. Springs and Thrusts on all fractals of time is what...

Yes, it is based on a forecasting method based on a concept of why gaps get filled. Once a longer term forecast presents itself, any counter trend trade will look to hold to the forecasted price. It will go counter and hold untill trailing stop is hit or % amount risk reached. When neither of...

The mind is a beast. You conquer that you conquer many things you never thought were possible.

The Market

El market is building pressure folks. July 26th, 1200 was nonsense to most. Someone even asked what I was smoking. That was seven months ago. El market is getting ready to turn again. 1560-90 for the bulls. Seven months from now will put us around mid July as well. I am not smoking, never...

Very few "events" in our lives are helpless. You need to practice learned optimism. Be happy you don't have any real helpless situations where you have every right to be a pessimist and lose focus and want to just check out. Decide what is trivial and what is not in life. This will help you...

Did anyone notice how it turned in the 30's and went right to the 60's and then turned. Accumulation on balance by the biggies. Spring, Spring, Spring.

THE PREM system is always early, but I know buying times are coming when it starts doing it's dance. May take one or two dances before turning. The bears were confused with the warm winter we were having in the northeast. This week is the first real cold we've had all winter. Now it's time...

You smell the jet fuel?

we still have unfinished business at 1560-90. Can't leave those trades on the book dangling too long.

chess moves.

Been a while, PREM system just gave buy. Longs 1360-1330s. Short targets still 1200s

Let us not forget the great Swiss Bank Robbery, aka wartime blood money.

Just found this in my archives. "Technically, the forex market allows you to trade with a margin of 100:1, meaning you would need only $1,000 to control a currency contract worth $100,000. Because Chicago can never be in more than 24 positions at the same time (8 markets, times 3 systems)...

Some of the best trend following hedge funds have a margin-to-equity ratio no greater than 10%. Your M/E ratios and VARS will determine whether your biz lives to see the next day in the event of a substantial move against your position. There is a difference between asking for trouble versus...

1428 make or breaker. long above short below.