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Heres a recent discussion: http://www.elitetrader.com/vb/showthread.php?s=&threadid=85767

One thing for sure. Its a hell of a lot more exciting now than the previous few weeks.

We must walk before we can run. Spyder has laid it out for us. Point 3 to RTL cross. This is the basic trade to build upon. Friday was a bit hard because you would have had to endure some 4-5 point moves against your position before the cross but it did work out. I personally chickened out a bit...

I dont know of any financial institution that minds if you leave your money with them.:)

I would think brokers, funds, the governments and most of the big money have a huge interest in keeping this bull going. The majority of those interested in seeing it go down are some of the speculators, a minority in the broad picture. It will be interesting to see it play out this week.

I think Jack is really Baron. He intentionally gets people stirred up in order to generate posts and its working like a charm. He is probably one of the guys on the other side too. Hypo or Trader666 would be my guess.

You have a knack for putting things in perspective, Spyderman.

Too much trouble. Much easier to watch Maks PRV tool which does that job and gives an amazingly accurate prediction of the future at the same time. There are also tools to tell you what percentage of the current bar is red and black.

Speaking as one who has migrated from one camp to the other I confess to being a partial believer if there is any such thing. I do not know how much Jack makes, who hes living with, how many books he has written, if he is insane or a genius. I do know that drawing channels and annotating them...

Jack points out that YM is more volatile than ES. Think about this. It is more volatile because of less liquidity, obviously. You have a lot of very "smart" people trading both. You can bet that they are pretty much in synch and enter/reverse around the same time in both contracts. Where is this...

Proflogic What kind of bounce would it take before you would consider it a test of 12816? How close does an occillation have to come to a prime top to be considered a test?

I agree. At some point you have to start trading for real and I dont care how much you practice when you switch to cash you will find a different world. This is why I was asking earlier about the safest trade to take. What is the point of going any farther with the syllabus if you cannot make...

I, for one, prefer docile markets. Your normal methods go out the window in this environment and this doesnt happen often enough to become proficient at trading it. I will be glad when things get back to normal.

loufah How do you like the dual core? I have been using a 3gig hyperthread pentium and with all my software running cpu usage was under 10%. I had some problems with that computer and switched to my 2gig AMD64 and cpu usage shot up to 50% even with twice the ram so I am thinking of buying one...

DOH!!:eek:

I think the average 5 min. bar in ES was about 2.5 points today. People are still jumpy.

I watched the green pile up until I couldnt stand it any more and hit the close button then watched it continue on that far again. I have a problem hitting the trigger if I am sitting on a nice profit. The plan usually goes out the window after I close out a good trade. Not sure what to do about...

google fractals

Ill let you know tommorrow.

Tommorrows open should be interesting.