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Welcome. Your wrong. but I admit it does sound fishy to someone just passing through. to your credit you dont understand the strategy yet and I'd be glad to explain it to you. I set 3 point profit targets on "ALL" trades. Once the market has moved 3 pts in my favor I have the option of...

You are correct. :D

Working Orders: Buy Stop-Limit @ 1031.00 Sell Stop-Limit @ 1019.75 11.25 pt stop-loss. 30.00 pt profit target!!! :)

Great point! You are absolutely correct! No I am not going to take an afternoon play off a possible retracement today. Although it is possible that we could see another leg down this afternoon or toward the close that would take the mkt toward 1019.00 I dont have a signal for this. So i...

Thanks I deserve it! I talked trash now I have to back it up!!! :D :D :D :D

Thanks. You have to take the good with the bad. NO EXCUSES. :)

The buy order was above yesturdays high (though not done intentionally). I had no Idea that the mkt would stall @ 1029.75 I had FORECASTED 1032.00. So I was off by 3pts. :(

I know this is hard to believe but that is in essence what I'm doing. The Choppy Mkt of the last 2 days hasnt worked for me but that goes with the territory. You will have losing trades and sometimes you can have 3 in a row in a Choppy environment. However, as a matter of discipline I MUST take...

YES. :(

HA.HA.HA.HA.HA.HA.HA.HA.HA.HA.HA.HA. O.k. Ya got me! I can take it. So far, although it has only been since Tuesday that I've been posting this system........so far ...I have egg on my face. I can take it Im a big boy. :D :D :D :D :D

Hey mini how are ya? Thanks for the insightful question. In reality you are quite right! If you are trading a system that uses wide stops and small profit targets then in the long run you will fail! Unless you win more trades than you lose and you know when to let your profits run. I...

09-04-03 07:59 AM Poor Employment Report Pre-Mkt A Poor Employment Report Pre-Mkt could send unexpected volatility into the market. WHIPSAW,WHIPSAW,WHIPSAW!!!! Don't trade ahead of this report! Post-Report FORECAST Market should GAP-DOWN first and then retrace later today...

Thanks. :D :)

Unless you are actively trading and turning consistent profits please don't waist your time posting here. This is my personal journal were im posting my thoughts, ideas, comments, and realtime trades. Unless you are prepared to give "CONSTRUCTIVE" criticism. BE ON YOUR WAY. LOL p.s. I'll...

Funny, I don't see your Journal anyware lol. :mad:

A Poor Employment Report Pre-Mkt could send unexpected volatility into the market. WHIPSAW,WHIPSAW,WHIPSAW!!!! Don't trade ahead of this report! Post-Report FORECAST Market should GAP-DOWN first and then retrace later today. see "T-REX Journal" throughout the day to see how to...

That's a great point! I don't know why old habbits are so hard to break? Some people are still stuck in the 1990's and can't get away from trading the "Cubes". I for one prefer the E-mini NASDAQ 100 Futures & the E-mini S&P 500 Futures. So why post a thread "QQQ serves new...

NOTE: These are not "Entry Points" I am simply marking the overnight action. Resistance High = 1027.00 Support Low = 1023.75 :D Tommorow should experience a nice pullback and stay midrange Tuesday's bar on the close. Look for the bounce in the afternoon to rally on the...

That's a great observation! I hadnt thought of that. but it would seem that you make a fantastic point. However, I will admit that that trade was arbitrary based on price movement subsequent to entry point. :(

Tommorow should experience a nice pullback and stay midrange Tuesday's bar on the close. Look for the bounce in the afternoon to rally on the close. Should touch the major 1052 -1080 resistance soon. Look to sell these number. Also, indicators are now overbought and will look to the 1st trade...