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  1. T

    T-REX Journal

    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...
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    T-REX Journal

    You are correct. :D
  3. T

    T-REX Journal

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

    T-REX Journal

    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...
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    T-REX Journal

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

    T-REX Journal

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

    T-REX Journal

    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. :(
  8. T

    T-REX Journal

    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...
  9. T

    T-REX Journal

    YES. :(
  10. T

    T-REX Journal

    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
  11. T

    T-REX Journal

    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...
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    T-REX Journal

    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...
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    T-REX Journal

    Thanks. :D :)
  14. T

    T-REX Journal

    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...
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    T-REX Journal

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

    Watch out for the whipsaw!!!

    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...
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    QQQ serves new purpose.

    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...
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    T-REX Journal

    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...
  19. T

    T-REX Journal

    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. :(
  20. T

    T-REX Journal

    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...
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