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Thanks for the reply NihabaAshi, The divergence signal you are referring to .. what is an oscillator divergence.?? stochastics??

Brad, Peter is aboslutely correct.. if the trade was in your plan.. then you should pat yourself on the back for sticking to your plan.. If however, it was an emotional trade and partly due to the fact that you had extra $ to spare.. then it is a problem.. I do this myself often.. when...

Grob, Thanks for the post.. I see what you mean referring to the Long Term Trend Line now.. But I'm not sure I follow when you say flat top pennant on the IT trend.. Is it possible for you to post a chart?? What time frame are you looking at when referring to IT?? thanks again

Looking for other ideas on the setup that occured today at 10:10 (est) on the ES after the consumer confidence report.. Did anyone short here? If so, can you explain your reasoning.. if you did or did not? We had just exceeded the prior day's high by a point or so.. and went above R1...

I should have mentioned in my previous post.. that with trading I know what my outcome would be if I'm patient.. I know that by only taking high quality trades that fit into my plan I will do very well and probably eventually become wealthy.. or at least live comfortably.. but I abandon my...

Thats what I'm having trouble figuring out.. With cards.. I enjoy being there and waiting for a good hand.. Trading.. I feel the need to be in the market.. not sure why though.. I have this urgency to make money.. to not miss an opportunity.. God forbid the market should go in my...

Hey Peter, Glad to see another Hold Em player on the site.. Its funny.. when I play poker I'm extremely disciplined and play very well.. But I'm just the oppositte in trading.. undisciplined and take too many gambles.. and it shows in the bottom line.. In fact, I'll be playing in the...

These are the numbers I have too.. maybe off a few cents.. I get mine from my broker.. they are emailed every morning.. so I don't calculate my own.. Maybe you have an error in your numbers for today Waggie because in the past yours agreed with mine.

Waggie, Is that S1?? I show S1 as 1153.03.. is it S2??

The exact low so far..

Ditch, I couldn't agree more.. but I have a small account and am only trading 1 contract.. if I were trading 2 contracts I would have taken a 4 pt. profit on one of them and let the other ride..

Iceman.. You're right.. I said breakeven.. but I actually moved my stop to 1504.50.. for a 1.5 pt. gain. $30 per contract.. sorry didn't mean to mislead anyone.. good catch

I agree.. trade management is the key.. and you're right.. its hard as hell.. It will look strong for 1 minute... so you shoot for another point or so.. then it turns on dime and you lose out on 1 - 2 pts. had you cashed in.. Good Luck

When you hold onto something for a bigger profit it comes back down and stops you out. If you bail early to protect your profit it winds up going in your direction to your entry point.. Shorted ES @1155.00.. had a target in mind of 1153.00.. bailed out at 1154.75.. wound up hitting...

Why would that bother you.. Its not costing you anything?? Not trying to be facetious.. I hate to see anyone lose.. but it feels even worse when its me losing

I daytrade so no I'm not trying to call a top.. just observations.. I'm pretty sure waggie daytrades as well.. so I would assume he's not trying to call the top and ride it down either.. Not sure about Igor though..

Hey Waggie, so.. are you telling me I'm off and fairly close???

We're approaching prior resistance from the rally in early 2002.. and mid 1998.. I believe this is also pretty close to the 50% Fib. Level from the 2000 top if you pay attention to those numbers..

I had my hand on the button to short the NQ at 1515.00 but chickened out. not enough of a move down to beat myself up over it though.. and part of my rules are not to trade the last 1/2 hour.. so at least I stuck to my rules..

thx, I see that now.. we may blow right past it in a few.. or it may turn around and go down?? Man.I'm a genius