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;)

come on, i could shout it in their faces and they'd still lose money.

awww come on....i thought you knew that was jack?

gosh...you make it sound so complex or something ;)

do you trade with pivot #'s in mind? i personally find these #'s to be great signposts -- mechanical points that separate moves. very often you will buy bottoms or sell tops when you are aware of the #'s. you can take low risk positions countertrend at these points in the morning (9:45am)...

well said natalie. definitely something that you must experience over and over to fully understand the 'failure point'. don't expect anything. just put the position on when you should and pull it off when the trade is done.

i, for one, have to agree here. 'time in trade' is what you should focus on. there are internal rhythms in the market during the day that you need to be more aware of. capture the essence of what is happening and you will not worry about the size of the move.

yep...quite a bloody war, isn't it?

anyone else enjoy the friday morning :P ????? uuuuggghhhh!!!!

i'd love to amuse people, but i've got more important things to do.....can't wait to see the results. -the funk

great stuff. i'll see you there! :)

pivot points. see this thread.... http://www.elitetrader.com/vb/showthread.php?s=&threadid=21377

:cool:

what are you trading? the SPY was a bit funny this morning, we had a good reversal off the pivot at 9:48am, rode that for 50 cents, reversed at the 10:30am reversal (actually happened early b/c market blew off on the short -- i hate it when that happens....catches me off guard but once the...

no, you are up against people who are experienced and dedicated. those two things are far more important than what you mentioned.

this is what i recommend.... www.ninjatrader.com (with IB data) good luck.

i'm trading SPY, but the ES is similar....i see 40-80 cents every morning it seems off of 1 or 2 trades. afternoons are iffy but i'd say the 'average' afternoon is 30-40 cents. the average over the past 2 weeks has been about 50 cents a day. i don't know about you but 50 cents/share per day...

some comments: trade # 1. you just witnessed the 9:45 pivot. sometime around 9:40-9:45 look for it. enter near a floor pivot #. your exit was much too soon. wait to exit usually around 10:30, which is when you will reverse your position most likely. 2. again, no knowledge of the...

here is a link for the pivot points......enjoy http://www.elitetrader.com/vb/showthread.php?s=&threadid=21377

ahhh...thinking like a trader :)