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Your welcome Turdo. Now leave my thread and ET for another 3 months before you feel the ever growing desire to come back because you have nothing else better to do. Cheers.

Ya, well you know you'll be back. After all you racked up 4000 posts :eek: , and that don't happen just from reading.

it is? :eek:

I'm not sure what's more pointless, a guy that reads the title of this thread, doesn't agree with it, but decides to waste the time posting on it, or a guy that hasn't figured out that not everyone trades like he does. Tough One. Kon

My targets come from the atr of the last 5 bars, multiplied x3. I'm not reading tape, or scalping 1 min bars. Here is rimm, gave a buy today in the first 10min with an atr of .40 cents, so targets now 1.2 points....as you can see we never made it. We are all good traders in hind-sight.

I find the first hr hard to understand. For many months I would analyze gaps on daily charts. People say fade the gap?..well that doesn't seem to work so well many times. I still have the charts, I could put them in a zip file as well...? Because my day trading system is so heavy on...

ya i know :eek: , but the backtesting so far looks good. In a few months i might take it live...which is why i dont care about the acct number, this is on demo :) ... i have a real money account with tos, just not one with 80 g's in it .

pfft i aint scared :)

wlp

Interesting article here. This guy just bought a 90 million dollar mansion in N.Y... a nice chunck out of his 200 million payday in 08. http://online.wsj.com/article/SB124992646701020111.html

So why not just trade out of an IRA account..thats not taxed right?

I thought you only pay taxes on the money you withdraw from the broker account?, no?

Maybe, maybe not. But the point is he trades his own money, and not some guy from Harvard trading at Goldman. Thats not the group most traders fall into.

Down right pathetic. Show some goddamn respect you pigs. So glad I never joined. Thugs with guns, only difference is they changed out their low rider jeans for a G.I Uniform. Many will get out and become Cops :eek: . No wonder cops are such assholes.

Just an idea I had for a magazine that targets the active trader demographic. Males 18 - 45 I believe it is... I found that myself and the other traders on here who were readers of Trader Monthly, read it mostly for entertainment value, rather than something they could relate to on a...

Here is a graph that will be tracking my pnl over the year. The red line is the expected % curve I'm aiming for, and the blue line is the pnl from a month to month basis, or actually the ending balance of that month. The blue line wont plot till end of February.

All these advice threads are useless because: 1. We all trade differently 2. Neke doesn't know who is a pro trader on here and who isnt. Advice here on ET is a dime a dozen. I don't think Neke has any intention of changing the way he trades..at least I havn't read any such post.

interesting thread. I'll try and add to it from time to time. Who else on et trades fibs?

No closed out trades this week, but I am holding wmt. pnl --> 0.00

Like sndk on the weekly, nice energy point on GYMB weekly with clear resistance at 45. We are at two vectors of support here on both daily and weekly tf's.. take the break of highs from the weekly, or daily if u want faster entry, and set a stop at the weekly low for a nice high prob trade.