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not to confuse the issue but.... I use different stops for different types of days. One stop for swing trades. One stop for momentum trades One stop for scalps And stops can change according to different times of the day. For example when the market opens and volatility is high, I use...

Wow...just wow. VIX up over 21% today. I'm gonna have to do some research on this. But I'm inclined to think the bears will be controlling prices for the next couple of weeks. Huge one day moves in the VIX are good indicators...

I thought it was interesting that there were no big TICK readings today. The lowest number was only -883. I would have expected quite a few hits below -1000 on a day like today. Where were the big sell programs??

Yes!! What a black friday! Dow -213 Nasdaq -54 Wait until the weekenders see those numbers Wait until Japan drops 3% next session.

I'm really hoping the Dow drops 200 or more today. Same for the Nasdaq, hoping for 50 points. Those are some big round numbers. That will cause more panic selling by late money. The weekend investors will freak & sell first thing Monday morning.

The Nasdaq gapped down over 10 points this morning. I would expect the chances of Wednesday's closing price to be lower than today's open to be about 2-1

Oil futures are running up, should break $65 today. I wonder how the markets will react to $65 oil? That's a key psychological barrier broken... Recently the markets have been ignoring rising oil prices. Maybe at this level, it will get their attention.

Minor Bradley turn date was Sunday Jan 15th. With the Russell 2000 hitting an all time high Thursday, I'm wondering if prices aren't heading south. fwiw...does anyone have the Bradley chart for 2006?

This is options week and we get the CPI on Wednesday

stand up.... and back slowly away from the computer I like to do something phyisical like hike or lift weights during the slow times. Whatever you do, don't trade.

Simple poll, simple question. Has this rally run out of steam? Or is it just consolidating for another run up?

Sell program hit. Looks like it was a smaller firm because of the relatively low volume. That's two big selldowns in 2 consecutive days...hmmmm Have any bears been spotting peeking from behind the elms?? Are they just out of sight, hiding in the mist?

I remember something very weird happened in the futures market a couple days ago in the very early morning. I had a bid to buy at a very low price and somehow it got filled overnight. Charts showed a huge spike down that only lasted a minute. Don't have any idea what happened. Was...

Good topic martys - can you elaborate a bit on those setups?

Then Please feel free to Contribute!! Good trading!!

1. The open… 9:30 – 9:50 is a RED zone. The most dangerous time period for most, except the experienced day-trader. The first 20 or 30 minutes can be very profitable, and is the most dangerous time for the novice speculator. Volatility creates the largest profits and also increases...

Buy if ES makes strong move up during 9:45-9:50 period – 5min chart. Hold until about 11:00

Depends entirely on your trading style and timeframe. Indicators that I use for day trading are: Chaikin Oscillator ADX CCI For swing trading: MACD Bollinger Band width If I had to pick one single indicator it would be the CCI

Big earnings miss tonight for Alcoa... Hmmmmm...

Dan, the important thing to realize is that it usually takes about 24 months of trading before you will be consistently profitable. Trading is a profession. To learn any profession, it takes time. Learn as much as you can, then get yourself a SIMULATION trading platform and have at it...