Search results

Took some WAG short on this breakdown below my support levels. I show the monthly view, and the daily. I got two different target zones here.

my take on the 1min using action/reaction lines.

Best thing is to do what works for you. I've used indicators for years, and would always flip-flop between different ones, and tweek the settings trying to find that perfect combo. Well that never happened, and now I trade with naked charts (more or less), and it feels much better. Now I don't...

Damn.. up about 1,450 just on M and MRK shorts. I wish I had my short in for GS..god, i missed that awesome gap down!!..noooooooooooo!. lol.

How do you trade now? What setups do you look for etc..

Good break down on Macy's today along that resistance line. Got my short order in for market tomorrow with tight stop at highs.

Well he sure did a good job of putting two and two together and providing facts. Sure a higher power could kill him, but that would only prove his point further wouldn't it?

Who are you talking about? And what do you mean by if i trade just that one pattern? The lines are always different for each stock.

Anyone see this movie on youtube about Obama? http://www.youtube.com/watch?v=eAaQNACwaLw To be honest, it got me pretty worried, and upset.

Did you check that link? There are no fibs there. edit: And according to recent searches, you use indicators in your trading. http://www.elitetrader.com/vb/showthread.php?s=&postid=2542256&highlight=bollinger#post2542256 "Stochastics are an ATM machine when price is moving within a...

Me? Guess you never checked out my thread? http://www.elitetrader.com/vb/showthread.php?s=&threadid=29468&perpage=6&pagenumber=84

How do we know if its Neke to blame or the market conditions? Last year his journal did very well. maybe this is just drawdown, and he'll come back and kill it next year... IMO he does take a lot of risk, but I've read about traders in Trader Monthly that took huge risks, and made huge sums...

If you were able to grind out a CONSISTANT 10% a month, you'd make a grand sum of 100.00 a month. After 1yr, at 10% EACH month, you'll make a meager 1,200. It would be a very impressive % ROI, but the $ are just not there. Someone at Mcdonalds would make about 20x your income.

There is no market that I can think of that can be traded with only 1000 other than micro fx @ .01 a pip. And its only going to get tougher when/if he sinks below that level. I noticed on one of this charts he posted here http://www.elitetrader.com/vb/attachment.php?s=&postid=2923761 that he...

lol. --- To the OP; like others have said. You should never risk more than 2 or 3% of your account per trade. And me personally, after 2 losing trades in a row, I put my risk at 1% untill I start making good trades again. The idea is to keep stops tight, and your targets as wide as...

well then............. I guess that explains it. His wife like just got back from a lavish vacay in Spain not long ago.

I'm sure this man works longer and harder than 99.99% of Americans. The amount of stress, and responsibility that lay on this mans shoulders must be heavy beyond imagination, but yet Americans want to bitch and moan when he takes time off with his family. It's like the "Well if I cant have...

I think I'll take GS and MRK short tomorrow. Here is GS with a measured move, showing the target to be somewhere near the bottom on the channel. Fib extension levels help confirm that this is a good target zone. I would have a 10 point stop with a 50 pt target... a VERY nice 1:5 risk reward trade.

A/R Lines for TXI. No trade setup yet.