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Thanks for sharing your scaling method Apex82, you and AustinP opened my eyes to a better way to exit for me - psychologically speaking.

Happy Birthday Apex82 Is your general strategy to go all in on three contracts, and then scale out - or do you also scale in at times?

Still a good call on the direction Apex82 - you were out completely on Friday EOD?

Thank you both for responding! Bernoulli: Q) What timeframe would you recommend as the OR on stock indices - I've been using 30 minutes, and it appears to be too long - I have seen whole days trade within that timeframe. Q) Would you recommend always using the same OR timeframe - or...

Oh the irony of it all....... A private company that takes public companies private..... Now going public:p These guys are Gordon Gekko to the tenth power

A "thank you" to all who posted advice and guidance!

Never put your financial future in the hands of any single person's predictions or prognostications. More than one rich person/institution has lost it all, and many more will again with bad bets. There's nothing wrong with riding on someone else's coat-tails. But you better know your...

Sheesh, lunchtime volume tank - everyone hitting the green beer a little early:p

Words of wisdom JimmyJam! I am in that stage of trying to find my own way/method of trading. Learning a lot from several of you on here. I want to KISS and concentrate on price action.

If you were him...... Would YOU tell the world what you were doing in your trading? Or would you talk up your positions with books, websites, interviews, tv appearances etc - and get out of markets while the bubble is building? He's not running a newsletter service, he's managing his...

Thanks for that honesty Apex82 - I'm reading enough as it is!

Apex82, I never studied Elliot Wave in depth - can you recommend a good book to get up to speed on it?

I'll say this much - this type of trading day gives you all the time in the world to enter and exit! Not sure if I like that or not after the last couple of weeks.

I will say this - the market seems to have taken the economic releases fairly well.

Now I know what a range bound day is:D

I really dislike this price action where it just sits between a VERY narrow range and does nothing for long periods of time. Nice call Apex! I like to step in front of the train too - nice catch on that spike down. I keep getting conflicting advice - one says enter the market when its...

Apparently a spike up

I see a triangle converging over the last hour from the highs and lows into this price level - questions is, what does it mean:p

I need to read up on Elliot Wave:p I do like reading your calls and analysis - all part of the learning curve!

Looking at the chart, what kind of day do you call this - trading range? KarateChop?:p