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I sold the natural gas contract for good profits at 13.270. As mentioned before, Chick has said that he sees potential for a large upside breakout in the currencies and metals. On the currencies I was very bullish as well, the euro, pound, and swiss all had a bullish COT situation and while...

Trading across Market Groups The major lesson for this week has been to look at market groups AS A WHOLE and then based trade decisions based on the individual market. Following this market would have generated the following results: I would not have shorted 2 wheat contracts since corn...

Natural gas had a good up day and will probably be sold for good profits. I decided to drop cotton off my list for poor volume. After checking for a market that would be good to replace it I decided to re-add cofee after finding that the september contract was trading with decent volume...

The "Nevada corp" thing was not phrased how you mentioned but I agree that it was misleading. The site said this: From what I know this is true. I also know that California (and probably most other states) tax income based on where it was earned. But perhaps the nevada corp is beneficial for...

All of yesterday's positions were exited today. 1 ES stopped out at 1330 for small loss. I was nervous about shorting ES yesterday without any rally and so much recent downside pressure. The concurrent mode to the downside convinced me to make the trade. Sadly I was not surprised when this...

This site has an interesting structure. LLC with C corp as a member as the base structure. I am considering consulting them myself to see if this would save money in my situation. http://tradersaccounting.com/product.php?productid=16173&cat=250&page=1

After reviewing the cotton market I don’t feel the case is very strong to the downside, if the SL turns up the short term pattern would strengthen upwards. I just over anticipated the ML here, I should have waited at least a couple days like in notes. At least for this one I can correct my...

I save as much of my trading profits as I can because my goal is to get into real estate in 2-3 years. Taxes are going to be an obstacle against saving and will cut my buying power substantially. So I'm looking for a way to hold onto my money for a few years, even if it means paying higher taxes...

Sold 2 ES at 1321 breakeven. 3 notes stopped out at 112.285 for decent loss. Currently short 2 cotton (december) at .8005 and 2 wheat at 8.6275 Poor day overall. I tried to squeeze some extra profits out of the ES trade by waiting and the aftermarket ended up creeping a few points...

Thanks steve. The chart does show a general resistance around that area, though price did punch through the pivot a few times (but failed to hold those gains like you said) Still for my purposes I don't think I can place much weight on daily pivots, they are too simple and calculate an S/R level...

I am a futures position trader that is looking for a software/data combo that can backfill 6 months worth of daily bars for the popular commodity markets. I would also like to backfill 2 days worth of intraday 10 minute bars but this is not absolutely necessary. Any suggestions? Thanks

Update to trading strategy: I’ve heard of pivot points before but never took them seriously since they seemed to be a primary intraday tool (which I was not interested in) Also they seemed so arbitrarily drawn in other charts I’ve looked at, a mess of technical noise with no regard to...

Thank you Steve. Your charts are very interesting to me, I spent some time trying to decipher them. I definitely see your case for the resistance lines at 1322-1310. How important this resistance is after 10 weeks or so I am not sure. Still it is interesting to see, I'll check my own charts...

I sold the natural gas contract at 13.128 for decent profits. A call to chick on Friday once again left me with some valuable advice that would have saved me a good amount of money last week. As I wrote on friday, using the relative strength rule as a primary indicator instead of a secondary...

Thanks for the kind words Turbovach, I wish you great success as well. :) The ES contract was stopped out for a small loss (only one contract) I sold 1 cocoa yesterday (not 2 like I planned) for 3088, and 3 today at 3125, for small profits. I am still holding onto my NG contract which...

Going to hit the reset button today and trade like I used to. All orders today are regular orders Once again stocks show good relatively strength, with NQ and ER clearly strong and ES/YM about neutral. Relative strength in stocks has not been accurate the last few days but all indicators...

Hello, I use Ensign Windows as my charting software. My setup consists only of the price window (daily charts) and a 2nd window for an MACD. I am looking for a "Bar highlight" that will draw a light, dashed line vertically through certain bars. If the most recent day is the 1st bar, I...

3 cotton shorted at 7.225 and sold at .735 for a decent loss. Today has been a time of reflection for me and I want to post what I believe I have done right or wrong, with emphasis on these new momentum orders that I've been using liberally. The first time I used a momentum order was the...

I was wrong on the NQ trade and took a decent loss at 1953. Relative strength is normally a fairly reliable indicator with 2 days of confirmation, but here it obviously failed. Sl has turned down and now the pattern is unquestionably negative. Not extremely negative, so I could not short a big...

What I've caught myself doing lately is being lazy with positions and using mometum orders to try to catch price moves without trying to anticipate their direction or odds potential myself. I did not do this intentionally but my mindset creeped into the belief that it is better to set trigger...