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    As many as 1,000 U.S. banks may fail

    Found this on the web tonight: When We Talk About “Banks” Just What Are We Talking About? According to the FDIC there are nearly 8,300 banks in the United States. However, if you look at the Federal Reserve’s report on consumer credit, you will note that banks provided at little...
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    Why the futures are lower

    Only if you had money riding on it.
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    Why the futures are lower

    Good call
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    How to trade super fast?

    Go to their help section on their Chart Trader. Fastest way to trade that I know of with IB is the Book Trader. One-click entry. One-click exit.
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Not stochs. but based on the four steps of market action from Steidlmayer (paraphrased): 1. Movement of price in one direction. 2. Move to a price to stop the market. 3. Develop around that stopping price. 4. Reversion to mean. I'm not a chart or indicator guy so I will stop posting. I...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Another way to say it would be when the market gets into overbought or oversold areas.
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Or another way to look at is to look for entries when price has gotten too far away from value. Then try a trade the other way. You can do this on just about any time-frame. Don't try to hit home runs but concentrate on hitting singles and doubles.
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    I have a similar style to Redneck. Since 9/15/08 I have placed 29 (real) trades so I do a lot of watching and waiting like RT here. I pretty much just fade the market when price is bumping up against a recent high or bouncing off a recent low. Like Broz says in the videos "when you enter here...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Buying when people are selling and selling when people are buying does not also mean you have to margingale. It does mean you have to be patient and pick your spots. When you do what Redneck suggests you can't be swinging for the fence each time. Play for shorter, obtainable gains. You...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Generally speaking the ES moves slower than the YM plus you have the tight B/A spread. Hard to get out where you want/when you want if there is a wider spread. But then sometimes you can just scalp your way out. Perhaps the best thing to do is scalp your way in, scalp during the duration and...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    I took the short after the market bumped up against 402.75 a few times. Then got filled on a sell limit. Another thing you can do there is place a buy stop a tick or two above the recent high (vice-versa for low). Then set a sell limit a point or so above that. If it cracks the high it...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    How I use the DOM is I try and limit my trades around recent highs or recent lows then I just fade the move and don't expect a whole lot. I have a small account and only trade at night so have to limit where I enter in what may be a higher percentage trade. Sometimes they aren't. I don't use...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    Sorry about that. Click on the tab "Industry Sponsored" - they are on that list.
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    It starts with hours of screen time watching. I will say up-front that I am not a full-time trader. You might want to start here: http://www.interactivebrokers.com/en/general/education/priorWebinars.php?ib_entity=llc If you scroll down there are two webinars in particular by Jack Broz. One...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    That market price action you are seeing in the DOM is the same market you are trying to trade with a chart. The only difference is the DOM is present tense and the chart is past tense. Length of bars/candles is a direct reflection of the action that just took place in the DOM. A lot depends...
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    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    My 2 cents Learning price action has to be coupled with watching the action in the DOM. You can see turns coming and market strength/continuation in the DOM. I glance at charts to see where we've been but the majority of my entry signals come from watching the DOM. It depends on your time...
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    Best Trading Software for a Mac

    Plenty of threads on this. Use the search function. I use IB's Mac version on a MacBook Pro. Or you can us Parallels, VMWare, Boot Camp and run anything on a Windows partition.
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    Safest way to get exposure to the S&P 500?

    Just a comment in general: the only way to get safe exposure to any market is to trade small in relation to account size and get out of a trade when it is not going your way. 95% of trades can't do those two simple things. Otherwise your "exposure" to the market will be less than what you...
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    Professional Traders. need advice

    Barely profitable here after 3 + years. Part-time. Keep trading your paper account. Don't think about going live again until you can double the size of your paper account. After that double it again. If you are "sweating" a position you are either not ready or are under-capitalized, or both.
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    Using floor trader pivots on ES

    Or here http://www.mypivots.com/dn/?symbol=123
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