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---------------- A breakout doesn't have to go below the breakout low for it to be a failed break...even a test of those lows would suggest that there are sellers trying hard to push down, and not enough bidders to support price. Within the first day or two, you'll know if you f---ed up, but...

To piss you off more, there is a hedge fund that trades using astrology. The Astrologers Fund isn't a mutual fund. It's an institutional fund that manages money for high-net worth individuals and institutions. Weingarten declines to say how much he has under management. According to the...

I could care less if it was fibs or not. WHY they work?.. I dont care. I could probably find mathematical relationships to trading, and how many times a day I take a sh-t. --- and yes MANY pro traders use fibs, and I know two of them. Do a search on youtube called Ratiotrading, these guys...

It doesn't matter how many points really, its a matter of % risk in the account that I'm taking.. 1pt, 3.5, 4pts...doesn't matter, my risk never changes. ---- Obviously it's not outside the realm of trading if hundreds of thousands of people use it, now is it? It's like saying "OH...

yes, but out of 10 stocks, how many are strong enough to rocket up after a break out?..not many. When you have a breakout from the downside, you have a lot of people that are looking to get short on your "breakout"..this is why so many fail...and thats why i wait for the retrace. Not only is it...

dont buy 80, thats a suckers play. wait for the retrace. Everyone knows newbs buy at the breakout highs..wait for a pullback.

My stop loss is ususlly at a swing low..in this case, 70.

lol no genius, the price I bought at was 73.78.. i dont buy on the lines all the time, I just look for them to hold up.

http://en.wikipedia.org/wiki/Golden_ratio

Here is FCX on a daily with a fib..I bought this ONCE at 73.78, and still holding. OMG, look, it held support at the very bottom fib. Imagine that. :)

I'm no day trader, so I really don't have a clue how to read time/sales and L2, but when I saw that rimm was up 1+pt in pre-market, I wanted in, so when the market opened, it would gap up big, and I'd sell at the open...Didnt really happen. I'd also see green prints of something like this go...

There is no way of knowing what fib will be respected. PERIOD. Happy? I drew some channels on a chart, I want you to tell me which channel, price will form support/ resistance at next AND at what price.

The theory is that price will retrace at some point, and that its most likely to come down to a certain level, and its usually at a fib...how many times do you see a price retrace 75% or more?..it doesn't..it usually slows down near one of these levels, but th e OP doesn't know how to trade...

OP, you sent me a pm, but why should I post on a thread that patronizes, and undermines the way I trade? Is the goal of this thread to create some giant shit storm?..sure appears that way, and I wont be a part of it, sorry.

Most of you use pairtrade finder...on what time frame are these pairs triggered on... a divergence in price will be much different on a 5min than it will on a daily... I watched their lil demo video, and dont remember seeing anything on time frames also how long does one have before the...

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In the pre-market. If the highest ask is 10 and I place a bid (limit order) at 10.01, am i going to get an instant fill or does someone have to adjust their order to 10.01 to fill me? ... also this would raise the price, by paying the ask, or above it slightly...why dont people do this, to help...

rimm up .74 in pre-market, got some at 71.61...i was the sucker tho..i was the highest bidder at 71.61, and then the guy below me was 71.53...i tried to cancle to make my order at 71.53 also, but i was hit at 61 lol :( sadness, oh well. lets see what happens at the open.

I, like many people here have been following some journals where some guys are playing with a lot of leverage...::cough::cough:: :) , and I want to see if I can trade larger side as well. I'll be upfront and say that I'm kinda jelious of the returns these guys have made (and gasp at the losses)...