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shorting 83 or going long 83.5, .5pt stop, 1pt target on each

stopped out at 1283, +2pts on day - that was an anemic break out. got ALMOST to target of 1284. The joys of tight stops.

Day Two trade #1, taking 1.5 pts on closed possions. Stop is trend line on bottom morning cup pattern at aboput +40 degree angle.

target is 2 pts on 1/2 of possitions as no clearly daily trend has been indicated. stop is now 82.

long 82.5 1 pt stop 8:22 am MST

Greeks, I'm glad you are familiar with AMT. It is VERY, VERY difficult to understand to be sure. Ya gotta be genius to even really read up on the subject. Quite frankly, I can't really understand most of it either. All I do is see if buyers are likely to win by watching for higher lows in...

Aspenboy, The first 10 minutes on an OR seems to work well enough for now. All ya can do is back test various 10-15-20-25 and 30 min Opening Ranges each week and see which is the the most accurate for present market conditions on a given instrument. An opening range trend needs to be...

Dear Greeks, This intraday swing approach is based on auction market theory. (AMT), which does NOT use moving averages. This is based on where buyers and sellers have previous battled it out. If you woulda pulled up a 1 month SP chart and looked where resistance had previously been, you...

Thank you for the inquiry Greeks. The opening range various from one commodity, futures or stock to another. As a general principle it seems to work out "for now" that the 1st 10 minutes of the SPX gives a reliable reading of whether the buyers or sellers are in controll. The...

I'm flat at =10pts on day as SPX is at 1289 ONLY TWO LOUSY pts from where I thought it would go to. The moral of the story is that big moves often happen after shorter term time frame buyers and selles have "gone home". THEN they move it up to where they wanted it all along. The key here is...

out for +1 pt, =10pts on the day. We called the Morning Trend. We called the bottom. We really sucked at calling the trend after that. Ya win some and loose some. Its now the last half hour. I'm ussually flat unless its been a HUGE trending day. +700 SPDRs minus costs = a better living...

long 86. 1 pt target, 1 pt stop

Hey Geeks, my first comment. Wow, fame for 15 minutes ... NOT! Thanks for stopping by this journal. Its not much, but the whole idea is having minimal draw downs. So far, so good. "Ya'all come back now", said Jed Clampit. Grin.

Taking 1 pt on consolidating days as it probes, fails and pulls back to the last support area can ussually net a point 80% opf the time. +9 pts on a day we misread as a trending day.

Stopped out, +8pts on day. Moral of this story is to have slightly looser stops once were up nicely on the morning. Had we done so, we "coula woulda shoulda" netted 3 pts and be +10. Oh well. *pts is better than some, worse than others. This is now a consolidation day, not a resumption of...

stop is now 1287

I got stopped out 2-3 times before the move I anticipated took place. COVERSELY, I held onto the profits. The long at break of 86 is working. Stop is 1286 and target is 1291

long 86

stopped out at B/E AGAIN. Its looking like its time to go golfing.

Price is now consolidating right below the Opening Range (OR) and that is a 80-90% sure sign it is going rip right past it. What was resistance will then become support. If 86 is breached with conviction, then set stop at 86 on all posstions and let it ride till 1291