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    NO Vote tonight on Bailout!

    I know it isn't easy - but most Americans think that is their right. In order for capitalistic societies and economies to propel into the future - EVERYONE is responsible to do whatever it takes to remain viable as the only certainty there is - change - occurs. Grunt, middle, professional...
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    NO Vote tonight on Bailout!

    Funny how the PPT has been toying with the market, yet it hasn't prevented the slide one iota. If you look at the volume when it appears they intervene during some late-sessions. . .they recently have been glaringly absent! Buying stayed flat the past few days near the close, when they...
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    NO Vote tonight on Bailout!

    Shouldn't ES have been halted?
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    Futures are falling

    Is this is serious? Yep (news-driven market) <b>Automaker bailout falls apart in Senate Republicans torpedo House-passed measure</b>...
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    Let's Take a Test Drive by Pay$ense

    Well we said it would be interesting and that is what we got. Hmmphhh!! That SHORT 2EMD call that I took off early "would have been" monstrous had I went with the lower high and lower lows routine. So much for a "V" shaped end to the day. At least I hedged my accounts with more SHORT NQ...
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    Let's Take a Test Drive by Pay$ense

    That is right. I have permission from Joe Baker <b>(TradePilotPro1)</b>. Pay$ http://www.elitetrader.com/vb/showthread.php?s=&threadid=130450&perpage=6&pagenumber=184
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    S&P daily pivots and break-down & up Targets

    Thanks. Not sure what you mean? Volume has been below average and recent gains held up well. But although the last three days may have been "constructive" in forging a new rally (they all had similar traits), obviously buyers did NOT want to step in. Yes, quite a pullback and after-hours...
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    Let's Take a Test Drive by Pay$ense

    Here is another trade I placed, but forgot to post: <b>3:45 pm EST</b> <b>Bought 400 shares of EXM (Excel Maritime Carriers, Ltd.) at $6.15 (ask). Sold (4) EXM Dec 5 (EKNLA) call option contracts at $1.65 (bid). Stop Loss:</b> $4.50</p> These are just random trades I make in my...
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    Let's Take a Test Drive by Pay$ense

    Volume is still tracking lower - but is picking up. I did add to my LONGS since I am phasing into these and this is a decent level to add <i>some</i>. I must be the only one buying, since not much is attracting interest these days. :p
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    Let's Take a Test Drive by Pay$ense

    - the only reason I am staying out of this dump (that to me seems to have broken support built up over the last few days) is because Joe Baker's profit target for the ES (I addressed this in his thread, but no replies) is just 10 ES points away (with an extension <i>just</i> 10 more points away...
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    Let's Take a Test Drive by Pay$ense

    Well not that eveything has moved to the level that we may get more of a pulldown: STO 2EMD @ 503.3 STOP: 504.3 Profit target: ? - too late. . .STOPPED ($200) . . .too bad (stop too tight) it immediately plummeted. :(
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    Let's Take a Test Drive by Pay$ense

    I know I could have tried to ride this using lower higher & lower lows. . .but like I said - I do not have all the tools most of you have and I can be happy, since much of yesterday's loss has come back to me. I guess I am using the purest of PA - since I just look at a price chart. I get...
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    Let's Take a Test Drive by Pay$ense

    STO 2EMD @ 511.9 STOP: 513.4 Profit target? (just want to see if this works, better entry and perhaps a nice drop I can enjoy - this time)p$
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    Let's Take a Test Drive by Pay$ense

    Here is a good one (as long as prevailing market winds are at our back): <b>Thursday, December 11, 2008</b> 1:50 pm EST <b>Bought 200 shares of DRYS (DryShips, Inc.) at $10.05 (ask). Sold (2) DRYS Dec 100 (OOCLB) call option contracts at $1.40 (bid). Stop Loss:</b> $8.65 p$
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    Let's Take a Test Drive by Pay$ense

    <b>Thursday, December 11, 2008</b> 12:30 pm EST <b>Bought (5) YGE Dec 5 (YGELA) call option contracts at $0.90 (ask). Sold 500 shares of YGE (Yingli Green Energy Holding Co. Ltd.) at $5.65 (bid).</b> Well I made a call and posted it. Now I'll close it, since with the stock going ITM, I...
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    S&P daily pivots and break-down & up Targets

    I find it most interesting the following. The NQ downside targets are not <i>too</i> much below where we are now. Interpretation: if we break and you are LONG 1NQ: 22 points is "just" a $440 drawdown. Also, the ES overhead resistance level seems to have moved a bit lower. Right now, if...
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    Let's Take a Test Drive by Pay$ense

    This morning will be "interesting", since headline news has pulled futures down to resistance levels. Depending of how things progress (a) my hedge positions will be fine for the drop to the next level (b) I may add a SHORT in ea. account to capitalize (c) It may be expected that the drop...
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    Let's Take a Test Drive by Pay$ense

    Hello. Good morning and good trading to all. I will <i>try</i> to make this more entertaining. I never said I was "Mr. Magnetism". A) I've outlined my "longer-term" (vs short-term) view to even want to be in this game (i.e. power of compounding). B) I've detailed my strategy approach...
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    You daytrade because you have poor social skills?

    I'm man enough to admit my social skills are lacking. I figure put in the hard work laying the foundation for a - yeah, <i>huge</i> charitable foundation. . .then I can do all the socializing I want! :) So yeah, I agree w/ the OP wrt to me. I don't have time for it, but will soon. Now...
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    Let's Take a Test Drive by Pay$ense

    FYI - here is the equity curve in my lower-margin account. As you probably know, overnight margin requirements for the EMD, TFS or NQ contracts may be higher than day rates. Thus, I manage this account so that (based on the overnight rate), margin used will never exceed 10k per 25k of...
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