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I intend to keep my short position initiated yesterday – short 2 NQ at average price of 1,628.75. Even though I may be missing some short-term trading opportunities by not trading around the position, I will also miss short-term losses, as I find 20 point NDX swings that we saw yesterday and...

Today the trade worked as planned in the morning. I entered 5 NQ limit orders at 2.5 pts increments at 1,625.00, 1,627.50, 1,630, 1,632.50, 1,635.00 right before the Fed news. After the Fed announcement four orders got executed for an average price of 1628.75. As it was getting close to the...

Attached is a statement of the closed trades since inception; I currently have no open positions and account is 100% in cash.

For about a week, the indicators that I use turn more and more bearish, while the price action keeps staying bullish on SPX and DJIA. Nasdaq was much weaker in the last couple of days, and I took advantage of some short opportunities (statement attached). Even though the market still creeps...

Attached is the account statement as of yesterday’s close. My attempts to short the market are marginally positive – nothing to write home about, but it is nice to see some gains in the account.

For personal reasons, I did not post trades yesterday. The worst possible thing happened two days ago. As I was trying to time the market’s turning point, I was scaling into NQ positions. I managed to get two contracts between ~ 1625 -1627, and got stopped at 1631.25, which tuned out to...

The market is clearly trying to kill the last bear standing. Today was the second day I tried picking a good level for a short position, but got stopped out, and currently is 100% in cash. Account is ~ 1.6% down from the inception.

I tried, unsuccessfully, to increase my short position today, but lost 3.25 NQ points in the process – small price to pay in trying to establish a countertrend short position in this market. Still have 1 NQ short from 1,625.50, currently under water by a couple of points. As such, account is...

Nice set-up on NDX 60 min chart for those bearish on the market: trendline is broken, attempt on 1,630 failed (for now). If we manage to break local support at 1,602 – 1,603 we may finally start multi-day decline that I have been waiting for.

My game plan is that an attempt on SPX 1,000 should be shorted. Playing it with NQs – shorted at 1,622.50. The chatter this weekend about the possible tax hike is huge IMO, this is “anti-stimulus”, and let’s face it, expectations of stimulus was most likely driving the market in the...

Long-term Market View I have an extremely bearish view of the market for the next 12 - 24 months. I am sure you have read all the gloom and doom stories that US is bankrupt, that this is the end of the world and China will take us over in 10 years or so. I would advise to gloom and doomers...

Attached is the closing statement for EOD today – account is up $607.80 (both realized and unrealized) or ~ + 6% since inception yesterday, July 30th, 2009

Attached chart shows my entry and exit points today. Note, that the graph is for NDX cash, not futures. I prefer looking at and making my annotations on the cash charts, as opposed to futures. It is really a matter of personal preference, and I also think support / resistance and trendlines...

MandelbrotSet, F18HORNET – thanks for the kind words I covered 1 short NQ position at 1,608 that I bought earlier today at 1,614.25 for 6.25 pts profit. Execution statement is attached. Currently short one NQ from 1,625.50 going into the weekend.

Execition Statement

Short 1 NQ at 1,614.25 I added one more contract to my short position that I initiated yesterday. The rationale for the trade is that the trendline best seen on 60 min NDX chart will not hold today, and the market will break sharply. There are some notes on the chart. Currently short 2 NQ...

The indicators that I use show a high probability of the beginning of a multi-day pullback in the next couple of days. However, the price action itself does not seem to agree. Despite of that, I did pull the trigger on a short position earlier today. I will be watching the price action very...

Short 1 NQ at 1,625.50

Account is funded and approved for trading. Below is the initial statement.

I will not reveal my life story or methodology in the first post – I don’t think anyone here has time or desire to read first pages of the journal of the new poster. If the interest of the readers, and hopefully gains in my account, pick up, I will explain my methodology later. Explaining...