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Just took RE short from weekly setup.

Also watching HPQ.

Will XOM hold this resistance at 64.50? lets see.

Watch the video for falcon trading systems at 3:35. These guys seems very unprofessional with how they handle the PC's. That guy's just holding the motherboard in his lap just snapping in parts. He's not grounded...

If you guys really think about it, every trade is a counter trend trade. Here: Bottom of trend "1" trader joe goes long. Trading against the last move down. Top of wave "2", trader joe sells and goes short, again trading against the last, most recent move up. Bottom of wave "3" Joe...

Interesting read on the basics.

Next time you write a check to refund your account, just send it to me instead. PM me, and I'll send you my routing, and account #, and at least someone will like you when your broke :D

^ thanks FX. Imo, the fork, along with the basic channel are THE most effective ways to forecast price movement. Forks and channels plot the lines and boundaries that price is most likely to follow. Traders that trade with this method are able to see the road ahead, and not just from mirrors.

Many trading books preach that the crowd aka the general public is wrong 99% of the time, and that the real money comes from trading against these people. However if the crowd is responsible for developing trends, then maybe this logic is wrong, and we should all trade with the crowd and stop...

I dont really know how neke trades because he doesnt give details, but its possible that the trading strategies that he once used to make good profits, are no longer suitable in this new market enviroment. I'm sure Neke isnt the only one struggling to make the money they once were. Is it fair...

^ he started with over 400k, and you want him to trade on 10k or less? lol, thats a joke, if not insulting. A 10k account to neke might as well be zero.

Playing the news, trying to make fast money, as you put it, is going to spend you to the poor house quick. Let these past trades be lessons of that.

I dont know your system, but you chased the market, and bought at the highs, got emotional and didnt want to sell, and sold into the flood of buyers who follow the rule "buy low, sell high".

A lot of traders fall into: 1. They believe indicators will make trading easier 2. They believe having a certain combo of indicators will unlock "the secret" 3. Many traders push the use of indicators. Newbs see indicators on just about every chart, and think that is the way to trade...

Having winning trades, then slowly bleeding the profits back to the market.

I guess the concensus is that he's paper trading?

You will never find a method that works 100% of the time. Master traders dont flip-flop between strategies.

The boys at Goldman are some of the brightest in the business, so hearing this from them, makes me feel pretty crappy to say the least.

ADSK -180.10 Had my stops at b/e, but the gap took me out above my price. ABFS 140.70 Took off 1/2 my profit, but again, the open took me out at my b/e, but still lost a few bucks from commission. XOM -1205.40 My analysis on the weekly chart suggested a short. Had a tight...

Went short some XOM at 62.04.