Search results

update for BHI. I'm really like this setup for a short, but its still too soon to tell. I'd like to see further break down tomorrow. Some traget areas have been drawn.

Moving stops to b/e on fslr and re, and took some money off the table on RE for +371.00. Will post charts after trades are fully complete. kon

for the light blue fork, how come you dont copy and extend the lines out ? like I do here (see chart). They're great for finding s/r.

Will like to see some resistance here for jpm. We are testing previous resistance zones.

I run a day trader group on facebook with 970 members, but only about 3 to 5 of those members post daily, and the rest I never hear from. Is trading dying down?... yes. At least for the retail side. For people that arnt making a living from trading, figure they need that money for savings and...

Just noted s/r levels. Nothing special.

This is a sloppy fork, but I want to show how price is attracted to the median line, like moths to a flame. At some point price will need to choose a clear direction, and it should test the upper or lower fork lines. The median line's goal is to show the "the most probable path " price will take.

Regulation will also change in the next 10yrs. In the eyes of congress, the investing public "retail traders included" have priority over black box trading. At least I would hope so. Didnt they talk about banning flash trading?

It destroyed this mans career!. Michael Richards..remember him??..that was what a year ago and havnt heard from this asshole sinse then. http://www.tmz.com/2006/11/20/kramers-racist-tirade-caught-on-tape/ kon

One thing is for sure...he's done a great job of destroying his career.

I've been on here sinse 2004 under a different name at the time, and I've also noticed the decline as well. In some ways its not that bad really. The ones that can trade, and the ones that employed proper MM such as myself, are the ones that have stuck around. It's kind of nice actually to...

I always know my stop and target before pulling the trigger...I thought this was what MOST traders did also, no?. Why would anyone take a trade and not have their stop or target known before hand?. If I dont know my stops, I cant take a trade because the distance of my stop from my entry...

I wasn't refering to myself necessarily , but rather the ever so common emotional swings of most traders, new or professional (jim cramer for example, and other fund managers). What I was trying to get across was this: If a trader has a plan, then that reduces emotional impulses. But if...

I think what he was getting at is that they both automate their trading. Neke does some discretionary stuff but 99% of the time its all automated.

disca :)

EIG with some channel lines on the weekly.

Gosh..finding some juicy lookin forks here. ACF off weekly...another nice test off the ufl (upper fork line). Might be looking to enter long off this median line, but I'm already long 6 positions, I need some shorts to balance out my pnl.

WMS on the weekly. Two nice tests along the upper fork line, and some good support pivots at 35.30.

Check out MSN's top rated picks. You might find some good trades.... http://moneycentral.msn.com/investor/StockRating/srstopstocksresults.aspx?sco=10 Here is one I found for CKP . This is off the monthly, and still a very young fork, but the median line has been well tested.

During a baseball game, how many times do you see a home run hit? Same in trading..its rare. Sure you can risk 45% of your capital on 9 trades, then go all in on the 10th hoping you make everything back and then some, but you wont last long. IE a few weeks IF that long.