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Cmon, George Bush walking the floor for a half hour, and snubbing poor Bob Pisani, then no change on the rate. Do you even need a chart for this?

Snarly, I hope you got a piece of this!! :cool:

Learn not to overtrade. Maybe limit yourself to one trade a day or a few positions a week; learn about profit targets and stops. Example, $8,000 x 10% = $800 max loss no matter what, on one trade. More realistic would be 1% of $8,000 or $80.00, if you can pull 1% per day, you're a hot potato...

You may want to look at average true range for stop placement. Assuming a daily time frame the average true range for YHOO has been roughly $.60 to $1.00 this month. For me I would try to catch some percentage of the range, so that on a daily time range I'd be happy taking a dollar profit on the...

I'm goin down, down, down, !!:D :D :D

crude monthly chart.

Here is an update on USO. There is much interest as oil has broken many lows. The longer term trendline has been broken so its anybody's guess as to the next leg. The last rally was a false breakout. I would look to hedge the downside with high beta oil stocks. XLE is often used. I like the SU...

This is funny!! The great systems trader having trouble uploading a fake graphic, go backtest yourself!

I'm thinking 50% of the IQ's on this board are under 100. That figure may be high!:eek:

I assume you are looking to chart this, not backtest the method. pull up a chart, go to insert indicator, you will see some tabs, under indicator select moving avg 1 line, choose it, click ok. Under the next set of tabs choose inputs, you should see price, length, and displace. In my example...

Here is a chart of the stock CTEL, it was up over 100% today at one point, I have no idea why. If you were scanning the early market you should have noticed this price action. I see two good trades here, the initial break up to $7.10 and the reversal at $5.60. The second trade was a no brainer...

Here is a little scalp move. For this I am using a 10 minute chart with default MACD. Simple 5 period moving average offset -2. The MACD shows a clear reversal in trend. Patience!!:D

Options on USO are in the works. I do not know when specifically they will trade. I am told that they will trade on the AMEX exchange. The conventional wisdom is that XLE is an ok proxy to hedge the downside to USO. Hedging is somewhat problematic; if the asset classes are not highly...

This is from Ed Seykota's website, thought this was interesting given the discussion: "All methods of defining trends compare various combinations of historical price points. All trends are historical, none are in the present. There is no way to determine the current trend, or even define...

Good post pacfutures, welcome to ET. Just to add to what you were saying, here is a monthly chart of SPY with a 20 period EMA (exponential moving average). This is like three or four trades if you use the EMA as a buy/sell signal. Damn my hindsight is good!! :D

I don't believe I was clear, I do not think AAPL will go to $60.00. I am holding the stock from $60.00 and have no plans to sell it. I doubt I would sell it if it went to $50.00. The future price of the stock is anybody's guess. I am curious whether the latest gap will fill from a technical...

Alfred is that you?

gap chart.

Here is a daily chart which shows the gap fill back in October with fib lines. Next is a short term chart. I expect a pullback to $80.00 then liftoff. Holding comfortably from $60.00 and unless they take Jobs out in handcuffs (I doubt he is that dumb), then there is some real upside here. Happy...