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i believe that's called a divergence pattern on the macd. early warning of a reversal.

a very nice strategy.... fwiw, i think the sp is up tomorrow: 7-15 points from here. just my dos centavos...fwiw.

i guess i mostly agree with you guys. SKILL...to do it well, taking in the risk:reward ratios and making them work for you. EXPERIENCE...to get you over the fear of holding. CAPITAL...to cushion the blows and make the fear less palpable. also, capital makes you less fearful b/c you can...

and ftr, 10 points a week CONSISTENTLY would be enough for me too....

i believe what you say about the big money being in position trading, jj...but good grief, that just scares the living daylights outta me, thinking about holding over night or for days, all the bad stuff that could happen. well, i'm not sure you'd lose more that way, it just SEEMS like you...

lol...never mind. :p

ya, oscar and apex...they're the man!!! hey, vo...remember fu schnickens?

i for one appreciate the correlation and wish you would continue.

one more thing...congrats to romik. three years strong and already a little family...nice, dude. much to be thankful for. :)

i love this thread. you guys are amazing.... okay, now i'll go back to lurking....:p

thanks, dude! :D appreciate the vote of confidence!

ok, i looked up the elliott wave theory for myself. now i can follow the wave 1-5 and a-c. and i understand (at least in theory) support and resistance. still would love to know how apex uses the charts to determine the next wave, trend, etc. maybe (s)he'll school us after market or when...

i've been reading this thread since the beginning, and i'm pretty sure it's not covered. as another (semi) newb, i'd also like to know what all this stuff means, if apex cares to share...stuff like wave 3 and wave c and how to tell what's happening when. i hadn't wanted to ask for fear...

lol...now you sound like my husband....

even MORE ungodly hour of the morn now that daylight savings time is there and not here.... apex is surprisingly quiet this am. methinks he's sitting this one out....

i couldn't dream of doing $500 PER CONTRACT(????) per week. i'm happy to get 1-2 points off a contract and not lose any. BUT...as i get better at choosing entries and exits, my plan is to try to hold a bit longer as long as the setup is still in play and try to pull out greater point gains per...

yucky, cheese....:p just tuned in again....looks like it was an interesting day.... ya, when i'm at home, i hate weekends cuz i can't trade.... :mad: but i hope you all have a pleasant one! :)

lol...done dude!

i was gonna hold it, but since there's little reward and a bunch of risk...out at 17.25. okay, back to bed. later dudes!

one contract out at 17.25. Still holding the last one.... why is the volume so thin today?