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Try sim trading first and always use a stop...these markets can get away from you fast. Or if you are not interested in sim trading at all...use only 1 contract. (I personally don't like sim trading, i d rather get profits or losses from 1 contract even if it doesn't mean much overall) I got...

Daily

Weekly

I'm starting to get bullish long term. Weekly RSI has put in a double bottom. I ll post a chart shortly. Edit: Wrong on Daily, I was only looking at Z8.

Hope you stay around...I don't think you annoyed anyone. What a lot of people do (and you very well) is make calls vs. trades. You made some absolutely great calls this week, I think you've nailed most of the intraday highs and lows. So today you took a little heat on your trade, its ok...

Most of the action today was in the ES... that's why I posted more. Lately I've trading grains so I'm not following ES as much.

I think part of r10 being subjective because of the learning curve. Its not as simple as it was made out to be. I've made a lot of changes, and this is coming from someone who never traded r10 before. One thing that I think makes it clearer as far as reaction high/lows is using a tick...

Sure I would be happy to. Let's use the last trade as an example. This is how the trade is setup on the InfinityAT platform. There are 4 different ways to setup the trade on the platform. In this case I use 'Multi Trailing'. This setup has 3 settings, trailing, stop loss, and distance...

Yip, Great thank you for contributing to the board. I agree with you that this is a positive setup. If the 1 day old new trading system continues to go well, I will plan on upping the size to 3 contracts at some point. Before I realized this stat, I was thinking I would use a second...

Trailing stop is still in at 49.00 even. I have to head out for about an hour or so. We could see a gap higher on any possible lehman news, but I don't expect a gap on the downside. What I really like about the trailing stop most is it kept us from getting stopped out on a short.

Hopefully you are not still in this trade?

Thanks, but first it went down to 1212. (I made the call last night as well) Crystal ball now says come back later :)

Thanks! That was one crazy up move (still in at 49, so we could continue..cant edit anymore past 30m on my other post). There must have been news leaked to the big boys. My guess is BofA is buying Lehman.

Come on get that 56!

Moved happened so quick there.... Next long was at 33.25, however I wasn't ready and got lucky with a long at 32.50. (either way the trade hit the first target) Target 1 filled Trailer 2 still open, currently at 31.25 Got our first runner, trailer is now at 49.00 (cant keep editing...

Let's hope so, just got filled on 42.00 short. Was debating on whether to use 36 as new bottom when I got filled. Target 1 just got filled. Trailer 2 just got stopped out at -0.75.

Just giving credit where credit is due. I'm still looking for 1256 today :) but now no trade on.

Short at 33.25 waiting. Filled and stopped out.

I thought if we cracked 1227 (past stop running at 1228) we would hit 1222 (where you believe a safe stop would be). We shall see. I am not an expert in stop placement, nor am I claiming to be. Nice call B1S2. You were right.

Well they just gunned out my stop at BE.