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That's funny, I like those commercials. Anyway, I still think this is a top for GOOG. I was early and I paid about 6k for the mistake but that's ok. I've been doing this long enough to not be bothered by making mistakes. No, I'm not a trend fader and I'm not "imposing" anything. I'm taking...

Ouick stop out for me. Oh well.

Sold short today, avg price 403.22. The break under 400 was an entry signal for me. This is purely an intuitive trade that I admit I made impulsively. I like the prospects of GOOG going to 370 in the near term. Anyway, Stop at 411 and profit target at 372. I've been slapped hard shorting...

I agree with the original poster, people who try too hard, want success too much usually don't achieve their goals. They end up getting in their own way. As a silly analogy, I see this type of personality flaw with certain friends at bars: I'll watch a buddy get all excited about a good...

I crave that feeling as well. Profitable trades are boring, they mean little and don't impact me at all. Its the fear in losing trades that keeps me in this buisness. I honestly like dealing with that emotion, I'm not sure if it is healthy... but, I look forward to being proved wrong in my...

All, thanks for the feedback - much appreciated. Seth, I've traded the XLE a bit and while I haven't done any analysis on the correlation to the CL, I can't say for certain (based on the daily) if a substantial correlation exists. http://tfc-charts.w2d.com/chart/CO/C5...

I've had a very solid run with equities in the last two months, mostly with 1-5 day holdings. October was my best and most volatile month since I started. Was up 23% on my account at one point for the month and then lost 9% over a 3 day period... Regardless, I think the equities market's are...

My stock trading is always getting better but I find myself limited by trade selection and quality. Case in point, opportunities exist everywhere and this would be another way to apply my analysis to the indexes/commodities markets rather than just individual equities. Per example, I was...

Thanks, That was easy. :D

Here is a bit about my history and my current goals: I have been a full time stock trader for 2.5 years (mostly intraday/swing) and part time stock trader/investor (longer time frames) for 5 years prior to that. I am currently mildly successful in intraday trading and more so when trading 1...

If anything, the social education you will get is worth the effort. This social education is only one part of what becomes an "emotional IQ (EQ)". (For those of you that do not know what an EQ is, it is essentially a measure of your ability to deal with difficult emotional situations and your...

WTF is "prowlness"? Does it have something to do with stalking? Maybe exposing yourself in public?

Fatrat, I'm going to give you an example and gift in the same chart. Mav, Correct me if I am wrong, but I think this type of action is what you are referring to? Regards, Mike

Just hit 107. Fading volume on a Friday (what else is new?). Does anyone smell a pull-back? Mike

I think we are arguing semantics here. Given that, spreads and MM's are what/who determine time and sales. IMO, daily price/volume analysis falls into a different category. Specialists and MM's, while they do handle order flow on both large and small time frames, will hide and/or manipulate...

The ES is a liquid market with reliable volume flow. I apply my ideas to thinner issues, i.e. less efficient markets. IMO, higher liquidity = tighter spreads = less bias = more convoluted tape reading.

Oh. Okay, you are using L2 then, not necessarily time and sales. L2 does lie, fake bids and offers are the norm. Lifted bids and asks are market orders that take liquidity - these types of orders can cause overreactions and subsequent price movement if they are large enough. I mostly rely on...

Where you the one who mentioned wyckoff? If so, assuming you read his material, then you should know that tape reading is an intraday strategy ONLY. No, it does not apply to daily price movement. Tape reading seeks to capture quarters, .50's and possibly a point from the move. It is short...

I don't understand this.

This is a pretty entertaining thread so far, lots of wisecracks and idiocy. Trader28, Hydro and Steve actually know what they are talking about, I've been through their posts enough to recommend their ideas as useful. But, like you may have already heard, tape reading is borderline art, a...