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Either you are serious about learning or you are not? This is not a game. This is my livelihood. I trade fulltime for a living how about you? It is essential that you be able to follow directions or else how do I know that you understand the material that is being presented? 1. that you...

The above comment from Caltrader is probably the best response you have gotten so far in this thread! I have met few traders in my time that are really good. However, I used to be a Futures Broker for a guy who was a Laser Physicist at NASA and one of the brightest minds I have ever known...

If you are not participating in the tutorial then you are missing out on an exciting opportunity. End the 2003 Trading year in the black instead of in the red. Once the market has already moved....it's too late! Join the mentor program in the MENTOR journal "SCALPING 101".

Good morning. I was hoping to get some dialogue about todays trading plan before the opening bell and no later than 10:30am EST but no questions were asked so I assumed everyone understood. Consider today a test to see if you can follow directions. I gave you the possible scenarios along...

By now you should have your 1 min ES Chart up and have already read over today's trading plan and are aware of the game plan? You should be watching the current price levels for failure attempts at a new high. NOTE: ES 1100.00 is the psychological resistance level to break and close above...

What if the so-called recovery is false?

TODAY'S PULSESCAN SWING VIX INDICATOR - (See "Rules" for the indicator below) The Yellow (Swing) Vix Indicator = +. 45 Overbought. The Blue (Pulse) Indicator has now managed to move above the red line which signals a reversal in short-term trend with positive convergence crossing above...

(Today’s BIAS) = “LONG” + Momentum. (Swing Vix) = +.45 PulseScan (Overbought) *Look for a possible intra-day "RVSL" @ 2nd trigger handle. BreakOut: 1098.50 Resistance/Support 1096.00 / 2nd Short @ 1098.00 / 1st Long @ 1093.75 (Watch & Wait for...

Here is the Swing Vix Chart for today.

Here is the Swing Vix Summary for Today.

Well said Don.

Hey Cutten I believe it's either Stocks & Commodities or Futures Magazine that puts out a one page report on the Commodity Futures that answeres "ALL" of the above questions. From my personal experience the Grains are the best of the commodities as far as slippage goes. I don't remember...

Why not? You must learn to think outside the box. You must learn to "think" correctly before you can act correctly. YOU MUST CHANGE YOUR THINKING!!! BOTTOM LINE: Unless you are able to find someone who can guide you through ALL the rubbish out here in the world of trading for a...

For those that missed it here are the charts that we will be discussing on Monday. daily chart http://www.elitetrader.com/vb/showthread.php?s=&threadid=26145&perpage=6&pagenumber=12 60min chart http://www.elitetrader.com/vb/showthread.php?s=&threadid=26145&perpage=6&pagenumber=13

Non-correlated entities would be Soybeans to the ES or Crude Oil to Cotton or Fannie Mae to Krispy Kreme. Believe it or not the firm I once worked for had a guy who was a Laser Physicist at NASA and he happened to be the best statistical guy I have ever met. His statistical systems that he...

Maybe, but I like to explain it this way. If the market rallied ahead of the news then collapse after the announcement is that not profit taking? An old technique on the floor is to "run-up" the market then crash it back down- "running stops".

you are most welcome. :)

Nah, but I'm not stupid, I'll turn on CNBC or listen to Bloomberg radio on the internet when I know that a report is due out. Real life example: When I was a Future Broker back in Jan 2000 I was debating the idea of putting on some short ES trades for a client. The market was topped out...

It is not that the market already knows but rather the market already factors in the most likely outcome and prices tend to move in that direct. So in that regard the market already factors in the news i.e. government reports, earnings, etc. Again The only news that would change the present...

With all due respect Baruch This journal is not about Bloomberg/Reuters. Please lets keep it on topic. p.s. I would beg to differ that the news does not move the market but rather the market already factors in the news i.e. government reports, earnings, etc. The only news that would...