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filled short on may soybeans at 1532 15 pt stop 1st target is 100 pts stepping in front of a major freight train... small size on initial position as this is a low probability trade and major counter-trend. closing out here at 1531.. after doing some more analysis on all timeframes I...

http://elitetrader.com/vb/attachment.php?s=&postid=1810744 Soybeans getting up to resistance today... now patience comes in... Calling a top in a parabolic bull market is tough and can be frustrating. The rewards are massive though. As long as you manage the risk and take your loss in a...

Here is a visual of the confluence and reasoning for trade.... The main point is the small stop when your wrong and the large target when your right

For 800k you could get something decent...

If you like beautiful landscapes, being on the ocean, low crime rates, and the best climate in canada IMO.. .then yes. Houses are still a bit pricey though... You must be referring to the empress for tea heh.. I dont think I know anyone who drinks tea on a daily basis :) It definately...

closing out here at 72.50 for a small gain on total position

yep closing out more on the retrace at 72-71.50 I was looking for a wave of selling but they held the lows.. so time to minimize risk yet still leave a position on.

looks like a nice start.. taking profit one here at 1370 stop moved to 1374.50 looking to hold this to the close if possible...decent odds for a trend day

entering first short here at 1373 add on 1374 stop 1375.50 target new lows.. take some off and let it ride at breakeven for the remainder of the day shorted call spreads above 1400 on es... if we close up on the day may close out at the close

Visual of soybean resistance...

Alright.. back to the daily grind. I went away for a week during the holiday and decided to change my itinerary and stay longer. You dont realize how much you need a vacay until your on one... Hope you guys have been bangin out some nice profits the past while. For tomorrow.. very...

thx man.. markets always amaze me when you get things like that lined up..

Add on reentered on break of 15min bar in the 70-78.6 zone... add on stop was placed above 15min bar entry high. After reentry I took a nap.... As far as the visual.. its always been there you have to look a couple posts back. Here is the pic...

Hope you were watching that.... :) that is the premium entry after the initial descent... low risk, high reward.

covering half here on this expected bounce at 55.50.. just reducing risk on total position. Will look to reenter this half if the market starts to stall at the 78.6 area. Until then keeping stop above the high fully knowing that a new high could come. If stopped out on remaining half...

02-12-08 08:17 AM market trading in the r zone.. now just waitin for my reversal bar.. Here is a visual of the trade with stops and management...

Here we are at 54-55 moment of truth a break below 52.50-53 will create some major damage and a new high is very unlikely... nice place to look for low risk longs here

yep.. market is holding here fairly well so I start tightening up stops because one more high is a pretty high probability. but not until it takes out its 15 min high.. until then just riding it down

market trading in the r zone.. now just waitin for my reversal bar..

ok at this point now.. we hit 62.75 market structure on lower timeframes all confirming and supporting a major reversal.. I still think we make one more high up to 63-64 where I will be waiting to pounce on the short side once the lower timeframe starts stalling.. At this point i...