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Battled back from being long this morning, negative $700 at one point. I think psychology wise I was gunning to get over the 10k hump for the month. For the day +275 -80 comm (16RT) +195 net One month does not make a system, but very happy with the small changes I made at the end of...

That's why I like to use mechanical targets, even though b1s2 and a few others disagree with that strategy. It works for me and my PnL has improved a lot since I made the change. I got out of 1 of my 2 short contracts (didn't get my full 4 contract fill) at 1539.50 (edit typo). I walked away...

Ouch I guess I'm short now against everyone on the board here. my target is 35

Its a friday and the market is quiet as well... I'm long as well (at least for today, i still think we need to test the gap from fed day) Edit: just lightened up (1:01EST) on a couple, half position now long. Edit2: and out 1:15EST, will be looking to get short at 1542.

My lowest buy of the day was 1538...oh well I personally like to buy at the high of the day and sell at the low of the day. Its a rare feat but when it happens, its bliss. Some call it stupid, I prefer to call it charity. :) (Edit: or for those not reading between the lines: buy high sell...

MB glad to see you are back, hope you had a nice trip. I agree 100% with your analysis, this is why I've been making the short trade I posted yesterday at 1542 with my stop just above 1545. Edit: I'm not taking the trade near the close today. currently flat

Was able to trade a full day today for the first time in a week! +775 -40 comm (8 RT) +735 net

Mins, I think by trying to get consistent results you are on the right track. I do however believe that once you hit your goal doesn't mean you should stop. Here is a post I made recently about how I trade. http://www.elitetrader.com/vb/showthread.php?s=&postid=1601345#post1601345

Chuck, You should set a daily loss limit and exit all positions if you hit that number. Perhaps you should have a target of 300 max drawdown? Saxon's case is 15k max drawdown (or at least was before he changed his system) In my particular case, 1k is my max cutoff for each day. If I...

The market usually gives you plenty of opportunities to get your position... Patience pays off as my first contract was hit right at the high of the day. I'm currently sitting at +287.5 on this 1 contract. Too bad the market couldn't grab the rest of them. I am moving my stop on this 1...

Try to avoid these temptations at all costs! Now by moving up your sell point to 1538.75, you now have moved your risk to 2:1 or perhaps even 1:1. I was tempted to move my short to 1539.75 but I didn't. Here is my setup for that trade (which I placed last night) 1542.25 Short (avg...

Caught my short this morning at 1541.75 and bought it back at 1531.75 for a 10pt trade. Had some software issues so I traded in my backup account so I dont have a screen shot sorry. I still think we are going to head to 1515 before we move higher but this is enough profit for me today. As...

PQ nice day today! didn't realize i missed posting screenshot yesterday so i ll post for both days 1 RT today sold 1 car at 1539.50 (per previous post) and was preparing to hold short over the weekend but decided to take profits here (we shall see if I regret it later). I'm going to look...

Only trade today (as I couldn't sit in front of the computer again today, and probably not tomorrow as well) is the close out of the short from last night at 1535.50 (too early now with the market playing 32) I have orders out there for tomorrow to sell at 1539 and buy at 1515 lets see how...

(edit) Yep definitely got out too early but in my previous post I m still looking for a successful test of 1515. Once we get there my bias will change to bullish and I will be trading from the long side. I'm closing out for the day but basically I have two orders out there, sell at...

Exited short at 1535.50 (at 1:23PM EST) - although trading there as I'm posting this msg. I'm still looking for a retest of lows before I get long. Order to get short again at 1539 Islands - on ignore list, no PMs no replies to any of my posts and to a few on the thread as well. My...

I'm still here :) Haven't noticed any of the usual posters 'not here' (except for mbusch but we know he's traveling) Your previous post about buying on the dip and claim its so easy...but you've never once said where you've bought while making calls..and seems like most of your calls are...

Held short overnight (around the Europe open) and got stopped out, started off the day at -500. Wasn't able to sit and trade the market all day so I didn't do any scalping. I'm happy with the results overall although I'm curious how the scalping would have affected trading...I'll be doing the...

Well that one didn't work :) -500 to start the day I ll be looking for a new entry (short) towards the end of the day today but not going to force it.

With the market closing above my resistance zone of 1510, I have removed my previous short bias. I'm now looking for a successful test of this zone by the end of the week. Once we make a successful test there, I think we have to start looking at new highs by the end of the year. R/R trade...