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This is the 3min chart at the time of entry

I was making a trade in FAS today. I chose FAS because its 3x long, and the account I'm trading has no margin (IRA account) I also purposely kept the share size down, because I have a tendency to trade way too big for my skill level. I figured that today FAS would probably trend for a...

Hello all- Here is a update on my trading: I have read the threads and info that others posted earlier for me to read and have tried to absorb as much as possible. I'm still going back and re-reading stuff to try and get it nailed into my head. I havent been trading in my DT account...

I will post up some trade charts in the coming weeks. I traded my daytrade account down below the $25k min (lost 5k over 6 months or so) and took that opportunity to take a breather and study up some more before funding it again and going back to daytrading. I've just been making some...

Hi Forrestang I am learning as well- so please note I am no great trader- but I often do OK I looked at your past chart image that you had made notes on and added some notes of things that I have recently been learning from this forum, which have helped me quite a bit.. mostly price action...

So how do you think this will affect financials tommorow? It would seem to me its too early to tell- we gotta wait and hear what is said.. I mean Geithner has tanked the market before.. ??

how long does the erosion take.. I've heard about it, but don't really know the timeframe in which it takes place. Is FAS trading way down there due to the collapse of the financials, or also due to erosion? if so, how much is due to erosion- its only been around awhile..

Frost- you may be right- i've just never really thought about it this way.. I'm typing aloud haha I suppose doing the above is the same thing as exiting at a $1000 loss and simply re-entering at the next good entry. In fact, I think you may actually pick up more shares that way. by...

Hmmm some further investigating of the FAS/FAZ relationship shows me that *both* closed lower on Friday than they opened on Monday. FAS down approx 8.39% for the week and FAZ down approx 8.42% for the week soo.. so much for that I guess (?)

Hey guys- I had a scenario I wanted to throw up on the wall and see what your thoughts were on it. This has to do with any pair of inversely-related ETFs.. one long, one short of a given sector, index, etc. Lets take for example the FAS and the FAZ FAS is 3x long financials, FAZ is...

I'm interested in getting your levels Joe.. how/where do I sign on?

I've been meaning to post a screen shot of a chart just as I'm about to put on the trade, because it looks a lot different than it does at the end of the day. That's why you can analyze charts after the fact for months, and then screw up once you start trading. Yes, thats exactly what I...

A followup question- When you are looking for the stochastics setups- are you looking at a 1min chart, 3min, or longer?

Thanks for the info ND- I'd love to see a screenshot of an entry setup sometime where you point out what you're seeing and acting on :) Also, having the time of entry in your journal trades would be helpful- so i can look up the chart myself :) thanks again

Hi There ND- I have a question for you- You often mention that you place entries on overbought/oversold conditions I'm curious about what exactly you look for to determine when a stock is overbought or oversold- I've noticed that RSI is not necessarily all that dependable by itself-...

I'm enjoying this thread- re: inflation, and the FED/printing money, etc You guys know alot more about this than I do- I'm curious: What are your thoughts on how this behavior will effect the financial sector in the short term (and the longer term) Is this good or bad for the financial...

Hi ND Speaking of the FAZ and FAS, what is your opinion on the FAS- it took quite a fall today.. perhaps some upside tommorow?

Thank you for your replies ND - Your input is a great help to me- I hope you don't mind all the questions :) Glad to see you had another successful day- have fun this wknd. Its warming up here in Florida and I went surfing with my young son for the first day of '09- a great day :)

Hi Saliva- Yes I know what you mean, and I plan on bringing up very specific topics in the future here- ask questions about them and try to focus on areas where I need direction, and I'm sure many others in my situation do as well. Subjects such as: Price Action Judging Entries...

Hi NYSE The forum was having some issues the day I opened this thread- so I ended up starting a new one a few days later: http://www.elitetrader.com/vb/showthread.php?s=&threadid=155877 Thats the one I'll be active on :) btw- I'll be posting that chart.. with any luck today