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Yes your information is valuable to me as well. And I thank you for that. I do agree with your longer timeframe trades. I have been riding the Q's up since early July and loving it. Day trading is only for steak money. My rent money and retirement comes from my company. My long term trades...

Rick, You are right. I came up with that method because a lot of new traders would see price move 1.5 points and reverse on them so they were taking bigger losses than they wanted to. So this is a way where they can make smaller profit but more consistantly. I look at other things while I have...

I have got to step out for a little bit. Will be back before the afternoon session starts.

I am having problems getting my post to go through this morning. I lost on my first trade this morning. I think traders are scared of it getting too high right now. I think the best approach for the upside is to let the big guys take it up and for long trades go with the breakout of a flag or...

Ok I am long at 1360. I hope we are finished with the chop stuff. We have made higher lows and a higher high.

That's alright, lets slow down a bit and get us a good trade.

Did you not see my earlier post? I was getting the feeling that they were not respecting yesterdays high as resistance since it went up .50 during the night. I will go long at 1360.

Not wanting to get caught up in some early morning chop I am going to delay my long entry to 1360. There is plenty room above for 2 points on this one but it should keep us out of the chop as well.

Twink you are a funny guy :) Here are my numbers for tomorrow. If the market continues up during the night I will consider trading a flag pattern tomorrow in any case you guys will know my trade and my reasoning for it. Long 1359.50 - 1370 Short 1347.25 - 1344.25 Good trading to all...

CO, Since we are setting new all time highs right now you have to use the the spx market to find resistance or the trend line. I have it at 1370 for right now but there is a major resistance level at 1390. If you use the spx market you need to factor in that the ES is about 10 points higher...

Wow, I can't believe I missed this whole day :mad: I think what Don said earlier would have been the wise move. There were at least 2 tradeable flags that would have provided your 2 points not to mention the long call at 51.00 Romik, Looking back at the chart I posted last week I have...

well I need to get going. didn't enjoy this session but I will get'em tomorrow.

Well it didn't take long to lose that money. I am out with -2 points

I am short at 1340

Looks to be holding for now. I don't have a lot of time this morning so if it doesn't hit soon I have to turn it off and leave.

I wasn't at the time I wrote that. Take a look.

Well I see a bearish flag with a 4 point pole. The breakout is just above our short entry which should easily provide our 2 points. Lets see if it works.

OK, lets get some MOJO going for today. I want all winners today.

Yeah it wasn't fun when I looked at it the first time. Needles everywhere and nothing provided 2 points. I don't know if that will mean tomorrow will be choppy or if price will march right through all this mess. I guess we will know in the morning.

Twink, You picked a difficult chart to try to find resistance on. When this happens I like to be conservative and only pick what I can confirm as resistance. Here are my numbers for tomorrow. Long 1351.00 Short 1340.00 - 1337 Good trading tomorrow, Gary