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DrMarkan, Thanks for the input. I hear where you are coming from with a lot of what you said about indicators etc.. I have traded for awhile with every kind of indicator etc and learned every pattern in the book and was not able to get a statistical edge using those methods. It wasnt until I...

Com on this is old news... http://elitetrader.com/vb/showthread.php?s=&threadid=80994

whats your stop and profit target?

1402.25 lock in profit

First target for wave 5 completion hit now holding runners short... you cant ask for a better crystal ball then that

Thanks, it is looking better and better everyday. I could have got the oil bottom by 3 ticks... It has now hit first resistance here at 62.30. I expect a pullback here or a 1.50 or more higher at 64. Once again, this thing could easily blow even higher to the upside without respecting any...

ES pulled back from area as stated in a hurry right to the buy zone. When everyone else was thinking the market was going to drop drop drop, i was buying. It then progressed to retest highs which was profit target 1 and 2. I now have a BE stop and will be holding for a homerun. Here is the...

Stopped out on both trades. You cant win em all. As stated before, if broken through would expect a continued move to the upside which it is demonstaring. My analysis is showinig currently in wave 3 and would expect a pullback here at 1401 area or most likely 1404 for a buy in the 1396-1394 area.

ya it could bounce here. All I stated was that it wasnt going anywhere until it got above that level and that it was not worth chasing.

Always plan and prepare for the day. Do not roll your ass out of your bed put on a cup of coffee and start trading. This is a business, treat it as such. Set a MAX daily loss and stick to it. Write your plan down on paper and read it before you trade EVERY day. Post stickies on your...

Traders are stubborn, especially older ones. 9 times out of 10 they wont change the way they trade if they are consistent. Why would they? Why do you think there are markets? Everyone thinks they are right. The market is essentialy just a bunch of people sitting around there computers making...

I told ya so.....

...Update on trade..... Well as expected, oil continues to grind up. I hope some of you were able to realize the potential in this call. Here is the scenario at this point. I see crude moving up to the first pink zone, 62.30 area, pulling back to retest lows maybe a wash out and then an...

Just an update on what I am looking at for tomorrow. Market found a bottom today at a major S zone from the daily. The key zones for tomorrow are the 1393-1393.50 area and the 1396.50 area. I would exit all longs if I were you there. I will be shorting these with a 1.5 pt stop. If these...

Profit 1, 2 and 3 hit and filled. Low of day right here or at 1391.

1391

Most people form a subconscious bias to the short side at some point in there trading career. This is usually due to the market mechanics. Your profits on shorts are almost always immediate as the longs will usually take longer. It also can play a role if you were long during the 2000 bear...

I just thought I would post what I am looking at. the 1398 long at wave 4 worked out perfectly. I projected a symmetrical 5 wave move to complete on the es at 1411.50 last week. High today was 1411.25 for an immediate decline. Everything is lining up perfectly. I would say short any retest...

equities - Bought TGE on march 27th at 9.24, sold may 10th for 14.35 for about a 70% gain. -Back when I use to be a breakout trader Futs- Short YM premarket Oct. 26 at 12220 with a 12pt stop. 1221 was the high tick. Rode it down for a week scaling out on different waves until finally...

apex82 Registered: Oct 2005 Posts: 141 10-31-06 11:23 PM Next is palladium. You have already missed buying the low tick, but at least it is showing some support. As with crude, you could put some on here and add on pullbacks if and when it breaks out. If it breaks though the...