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no charts?

Ya but I'm sure they don't hire no dummies to trade for them. Often times these prop shops will teach their methods to their traders to help them be more successful..at least I know SMB trains and has meetings...according to their videos. So if 50 trained and experienced trades out of 330...

Schonfeld Group laid off 15% of their day traders in 2010 due to the increased difficulty yet people just refuse to read the signs. A fool and his money are soon parted. http://www.businessweek.com/news/2010-07-06/schonfeld-to-fire-50-traders-as-speed-curbs-profits.html cheers. btw...

If you have trouble with finding direction on 5min, you'll run into the same problem on 1hr, daily and weekly charts as well because the same patterns occure.

How can I scan for stocks with high IV's ?

^ I'm telling you what I've read off websites and am paraphrasing. I have not yet taken any momentum trades yet.

if you take a look at ULTA (daily), momentum investing(or trading, whichever) says to buy at these highs, in hopes it goes higher. Seems rather foolish to buy here. My 2 cents.

I'm trying to learn about momentum investing, but from the many sites I've already been to, it seems to boil down to this: Buy high..sell higher, and hope that there is no correction in the mean time. I understand the concept, but finding any real solid strategy has prooven difficult...

What video?

Learn this .. http://www.forexfactory.com/showthread.php?t=76597 Learn about action/ reaction lines and the MPL (multi-pivot line). It will help you see market direction and take low risk trades.

Welcome to et lol.

Compared to this other method I've been learning over the past few years, it seems more logical. It makes a bit more sense to me than fibs do. . with fibs you have what are called swing-based fibs (aka "wave-based"), and time-based fibs.. I was always a fan of the swings, but learning what key...

1a, you should read this thread from front to back ( http://www.forexfactory.com/showthread.php?t=50767 ) . He has a trading service called bobokus.com , and is highly regarded in the thread. I've moved on to other methods but I check up on it from time to time.

gmcr huge gap

Whats going on, why no updates?

http://www.dailyfinance.com/story/investing/nine-reasons-why-investors-are-nervous-now/19867102/ It's very possible that come june, this market fizzles out, if it hasnt already.

I dont understand a few things: 1. This option strategy is highly risky if the price moves greatly against me in either direction... but whats the risk if I have the other side of the option to cover the loss?.. if I see a gap down, yes I lose money on the call, but i make an equal amount...

Closed gbp/jpy with 256 pips @ 631.92 gain.

Well he's not a fundamental trader. With how fast he's in and out of stocks, he's gotta be more technical than anything. I suppose algo trading is a form of technical trading to some degree, yes?

Not sure how that would really help me..? Besides, the whole point of this thread is to create a very simple breakout method using just a few lines...nothing complicated.