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Thanks emg and JO. This tells me that...at a minimum...when I papertrade, I should put my buy price one tick above market and sell one tick below where I think it will go. I was mostly watching 1 minute candles even though there was a tick by tick option on the platform. What I'm saying...

I've been swingtrading for about 3 years...not paper trading but the real thing. Honestly, I never did papertrade swingtrading...I just jumped in. But last night was the first time I've ever papertraded anything. And this was day trading too...something I've never done, but seemed...

Why is that? Do you think I don't know how to read price action, or is it something else? I'm already a successful swing trader and I've dedicated the last two years mostly doing ETFs and their corresponding bear funds. Not much different than going long or short on futures other than it's a...

Until tonight, I considered myself a swing trader of ETFs. Now I think I'm going to be a day trader (really a night trader) Tonight I used all my T.A. to try a simulator playing E-mini S&P 500 futures and Gold futures. I didn't cheat from a slippage perspective because I was using limit...

Looks like a good analysis here. I'm wrestling with this issue myself. But let me throw a twist in there. For the most part, other indexes, such as the Russell 2000 behave much like the S&P 500. There is a 3X leveraged ETF that trades the Russell with the ticker TNA. (and its counter-part...

Looking at charts tonight, I had another thought worth throwing out there. I believe what I say and have positioned myself accordingly. But more congestion is still a possibility too. so if we don't have strong futures, waiting until you've had your Mojitos would be conservative. SM

We're either in a period of congestion or on the upswing. By lunch on Friday we'll know which.

I like your terminology! :) I can tell you what I think from a swingtraders perspective. Look at the daily candles going back about 6 weeks. You can see that we're repeating a pattern played out last month. Its really obvious if you put a moving average in there, sized appropriately. Down...

OK, so I fumbled the ball yesterday trying to call the bottom. But do I get extra credit for calling 3 days in a row correctly overall? :) But yeah...this calling it during the day stuff is tough. Hats off to you guys. Easier with a longer horizon. SM

I think all they need to do is provide less of a tax break for manufacturing conducted overseas. Like if you hire people in the U.S. to manufacture widgets, then the cost of the factory and the wages are full write-offs. But if you do it overseas, you can only take a write-off equivalent to...

Still seems like price wants to get to that yellow line. It's usually pretty good for support and resistance. Maybe after this "oil shock" price can work its way back there. Day to day stuff is easy...this minute to minute stuff is tricky. Maybe I should stick to swing trading. :)

Whoa...so much for the M.A. as a floor! What happened? SM

It bounced once and might bounce again before there is real confirmation. That yellow line is usually pretty good. Crossing my fingers for you. FWIW, there is another analysis that is about as good. If you were to plot daily candles versus a decent-fitting moving average, you'd see that on...

It's gotta be close based on my charts. I'm watching a M.A. line rising to support it, but its taking longer to get there than I thought. :) http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1d&l=off&z=l&q=c&p=b%2Cm50%2Cm20%2Cm200&a=m26-12-9%2Cv&c=

Don't think it will go much lower here

Yep, Yep, Yep. What daytraders were seeing as chop, us swingtraders were seeing as an uptrend. It was strong enough to daytrade. Because price is (now) so far above the M.A. and price loves to revert to the M.A., I kinda think we'll see a 1-day reversal, like a red candle on an otherwise...

Awesome...I was right there with you, only I only invested peanuts. Need to find a way to sell my picks to make more money. Gotta disagree with you...you can't just go long...as you know. Gotta know when to zig and when to zag. Today all my charts were clear on what to do. Congrats on a...

Today was a repeat of April 22nd's action. But tomorrow can still be a down day to fill the gap despite April 25th.

Can someone help out a call/put noob? I do ETFs and I do really well at predicting what will happen. Been doing it for years. But I've never tried this put and call stuff. Say I had spent $5,000 on a call when it was 1350 and it went to 1355. How much could I have made on that? TIA, SM

I said I think we'll be up for the week but there is room for a down day tomorrow if ya'll get carried away. Read between the lines there. edit: To clarify, tomorrow could be a continuation so I wouldn't short here, but I'd take my long profits to the bank