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Still beleive it.

Exited @ 1316.25 during the afternoon. Even if I had gone long at that opening price, I would have been stopped out. Need to re-evaluate my strategy. Will take a break for few days from my journal. Talked to one of the guys that I interned for few years ago. He basically told me to give up...

Sold 1313.25 Stop 1317.25 Close @ EOD

Futures fell back into the VR after breaking-out above yesterday's high. Will try one more time from the short side and see how it pans out.

Jimmy: What's your risk/reward points per trade?

VR 1313-1314

Thanks Jimmy for your contributions here. Actually, if I trade with the trend my win/loss ratio is about 70% and risk/reward per trade is 3 to 2. I would consider today's action as a change in trend. The market hasn't moved this way for a long time. I will take long-signals only from here...

Stopped.

Can you be more specific please? What do you mean by refined bracket entry?

sold ES 1297, stop 1301, exit @ close YM 11158(paper trade), stop 11198

The S&P has been relatively stronger than the DOW because of the Oil companies. Once we get the sell signal in S&P we will execute it in YM. For example if the ES opens below the VR and when it gets to 1297, we will sell the YM with a 40 pt. stop. This way the risk is the same 4 ES points but...

Will do that at the end of this month. Thanks.

Thanks!!! VR for tomorrow: 1297-1298.

Exit @ 1291.75 Net Profit: 5.25 pts.

Executed.

Sell-limit: 1297 Stop: 1301 Exit at Close.

I do not really have a time target. Never did any analysis on that.

It is based of long-term Price/Volume Analysis. I look at the prices that acted first as resistance and later as support in this bull run-up the last 4 years. My target for S&P is 1240, 1140 and 1060. If this ends up being the top and we are in a new bear market, I'm thinking this is...

Thanks for the suggestations. Someone else mentioned in the PM that using a CCI or some type of divergence will work well too. Wait for the price to get to the VR and look for a divergence to take a trade or just pass it. I guess everyone has their own way of doing things. My VR is not the...

Although I mostly trade ES intraday, my long-term analysis points to the SP500 around 1050 before 1315. This week is probably going to be indicative of what's to come for 2006 and 2007.