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Mr Insomnia has paid me a visit tonite. Market currently sitting at 1441. 3 market moving reports coming out at 8:30 ET; CPI, Housing Starts, Jobless Claims. Bernanke speaks to Senate Budget Committee on long-term US economic challenges at 10:00. The cynic in me says the bigs are...

I took the time to work out Jack's signals for myself on my charts (QuoteTracker). Here are the results from Jan 16. Assumptions: Entries taken when candle closes in order to assure a 50% cross of Stoch 5,2,3 P/L 8:40 L1 623 0 9:00...

Those results would be superb if you did just the opposite.

Point well taken. But I think that most beginners have the hope their loss will turn into a gain and the fear that a profit will be taken away. It seems to be generally conceded that this leads to large losses and small gains. It was Jesse Livermore who said that one must emotionally be...

He's toying with you by jabbing at romik princess. Please tell me you realize that. Have your stop in place and be prepared to lose. There is a place for fear and hope in the markets...except it's the opposite of what most of us do. You should fear your losses will get larger and hope...

Thanks for the feedback Steve. I am aware that program trading is responsible for a significant percentage of market moves but haven't yet determined how to identify the intraday reversal times before the market opens. I do observe repeated patterns in the markets. Stop gunning almost...

Forgive my ignorance. May I ask what OP and OT stand for? I have some guesses, but they don't make sense.

So it seems that not all MACD crossovers should be taken. There is a discretionary component and the question is which crossovers should work and which are suspect. Why not look at an impending crossover from the context of price action. If you observe, prices like to move, pullback and...

I disagree Jack. I think the confrontation is beneficial in that it does inspire critical thinking. I hope you were being facetious.

Can you further explain your play selection logic? What criteria do you use to determine your trades? Thanks

What price do you go after on the option? a. Split the b/a b. Pay the ask c. Market Also, do you notice that the options market makers aren't really ready to go at the open? It seems like, at least on some I've traded, that they wait 10 minutes or so before they start to fill orders...

He is verrrrry neeeedy. His next handle incarnation should be something appropriate, like "pollution"

Everyone's anticipating a sell off. But as Warren says, "The markets can remain irrational longer than you can stay solvent."

Thanks JJ. Your work here has been appreciated.

eMini Russell 2000....noob :) jk, we were all there once.

Forgive me, but what's T&S? nm, time & sale :)

I've been looking at TRIN, PREM, TICK TICKI, to see if I can find an anomaly, but the numbers are within the day's range and I find that I don't have enough familiarity with the data set to recognize what the "something" might be. I do find your approach most fascinating though. I am still...

Ya, I'm sittin on my hands now too. I wait for a quality setup before I pull the trigger.

I think keeping an eye on ES is a great idea. Right now, it looks like it's forming a bull flag.

I know what you're saying BB. My theory is that since we are on a shoestring account, we don't want that profit to become a loss and fear overtakes the situation. I opened my trade at 2140 with 2 contracts. When I hit 11 points (a bit extra to cover commish), I take one off and move the stop...