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I actually forgot about it - I'll start it tomorrow. I will be day trading though, but I hope it helps you (and anyone else) and maybe I will get something out of it also :)

At what price did you buy LSR? For me, one of the biggest hurdles was getting over the emotions of the trade. Take it for what it's worth, but I suggest you set up a hard stop and a trailing stop, and possibly don't look at it so much - you are swing trading for a reason. EDIT: Sorry, I...

Vix puts? Thoughts?

I feel your pain with MDT :/

Hey, For JNJ, I feel like it is fairly safe and it seems like it will indeed go up, but probably at this point, after having gone down so much, the momo stocks would probably vastly outperform, but of course they are also riskier.

I assume you would have gone short those stocks? Yeah, having a good fundamental base for taking action on a technical system seems to be a good way of doing things. As it is, I think I would much prefer day trading using PnF, with the intent of automating it in the near future.

I agree. University of Idaho - third tier school - I thought the kids in second tier schools were stupid! Obama wants to lower taxes for people whose income is less than $250,000, which is 91% of the population. All this talk of Obama wanting to raise taxes for the middle and lower class...

Great thread and great original post Cutten. I like MT just because I have personally been following it for a while, I don't know much about BTU. As for fertilizer, I've always liked MOS and MON. I'll look into BTU.

Thanks for the kind words dentist. Although, to be clear, that 2nd arrow was just one example, I also went long at the first arrow. I don't think I am pursuing a catapult strategy, but more of a pull back post breakout to a previous O column. In the attached, the price broke down below the...

There seemed to be a lot of signals fired off today from the strategy I've been implementing but I was honestly too scared of the volatility today, don't know if that makes me smart or stupid, hah. How did you guys do? On a side note, Flyinglead, your COV pick has done pretty well (and...

The first link has data from June 2008. Do you know how their profile has changed since? It's true though, MER is definitely not in great shape, a collapse of LEH would probably not bode well for the others (good short opportunities? :D)

I agree completely - I don't know what really elicits those kinds of responses. Obviously, Person B would be someone I would not only rather deal with, but would probably enjoy it a lot more. While the attitude of A does not surprise me, at least from my time reading these boards, I kind of...

Is what you're talking about basically market profile? Or do I misunderstand what you wrote/how market profile works?

Well done!

Okay, here is an example. What I noticed when I first started looking into P&F was that, after a breakout, there was usually a pullback. I hated seeing those drawdowns. So why not buy at the pullback? So I look for situations where the price breaks out, falls back to the previous O column...

Hey dentist, thanks for keeping the thread alive, interesting charts. So I've began my foray into day trading with P&F using QuoteTracker to create the charts (let the UpData trial lapse) Basically I look for a breakout and then a pullback, and buy once the trend resumes again (assuming it...

you're not asking me, but I think wedge makes sense, at least logically, because the price is moving up and down less and less, so the market is trying to figure out what to do with it, in a sense, and so a breakout of the wedge in either direction is likely to be significant

retire45, for the software that finds patterns, have you looked into finviz.com? I don't really use it for the charting patterns so I can't say how useful they are, but maybe it's worth a look

haha, being in london does help, my day started 4 hours ago and U.S. market still isn't open :)

The background of your DOM looks grey - someone posted on another thread that cash accounts have a white background. True?