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"Fear when you should hope, and hope when you should fear." Can't remember who said that but I try to trade by it.

ym was testing 40% and 60% from 2 lows while es was retesting the 50%. Long at 47.50.

Don't know what he saw but will add my 2 cents as I missed my fill at 53.75. After the gap first swing down below the open was nearly half of yesterday's range. Would not expect the reversal swing to exceed the first swing after trading back above the open or yesterdays range in total. Was...

This thread has gone to hell again. Goodbye et! And get a life spectre!

I was referring to the two previous cash sessions. Ym failed at high and es retraced 60% and failed at low of 15 min reversal bar and Thursday's open. 24-26 brings us right back into fed day range and 50% retrace, of course expect a reaction.

Friday was an inside day on the price action on the es with the ym testing and failing of a high. Looking for a downside test of 13666 on the ym on the downside from here. Will trade it to the short side based on intermediete price action. Will still consider price action caught in fed day...

First, I doubt you have friends in these places if you don't understand. 15 year ago a prop trader was truly that. Now it is just a fee generator. Just like hedge funds used to be "hedge funds!!!!" Steve is still one of the good guys.

Agreed, posted to demonstrate the method of entry and reasoning for a scalp as it was countertrend with pending news. Reentered at 76 on 4, again with fed announcement not trying to catch a trend reversal, just a scalp. Holding 2 with a tight stop. Looking to add or enter again when price...

Covered em at 52, don't like holding through the numbers or would ride it out.

Gap fill on the es and test of high on the ym, short 2 ym at 72, stop at 83.

Interesting.... Who are they shopping it to? I can't see an IPO... http://www.mgex.com/MembershipTransfers.html

This has been a great thread, don't mess with it brotherben. Posters come and go more often on this thread than others because they realize they have shared all and are too busy trading. They are usually back with a profound insight or two. Apex shared it and bared it all and he is...

The $dji is a price weighted beast. Understand what the components are and what is wagging what. Now it is the underlying energy cos. http://seekingalpha.com/article/18041-djia-the-most-useless-overused-tool-on-the-planet

With input costs up at least 10% for retailers, back it out of the number. The market will lag this factor. Figure 3-4% passed on and that still leaves your in a big hole even with productivity gains.

No jail time spydy, that is a civil case. Fine and cease and desist is in the what they hand out. He probally knows this. Take in $300k pay out $50k and change the verbage. Not a bad gig.

Trading what, is the question? Still lots of otc trading from fob grain, energy, shipping, etc. Can't be replaced by a bot easily.

Break some ground, dig your grave! Burry you account with it!

Me too, and if she is licking her ass I think of BNB and laugh my ass off!!!!

Wheat at +$8.00/bu. Used to be 3% of input to 6%, now add on 33% to min wage taking labor from 28% to + 33% if you can do more with less. Throw in eggs doubling and dairy up 25%. All of a sudden you are working much more for less. Glad to get out now. Will be lot's of opportunities to buy...

You almost answered your own question, look for the distinctions. BTW, he is for real.