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If we put a needle top through the BB and this set occurrs I will go short on it. Right now he BB are getting very tight which means we are in for an explosive move. Just waiting for the market to decide which way it will be.

Are you talking about the bounce up. Look like we are bouncing off the 60 day ma right now.

My stupidity, that is why. I should have stuck with the method and done the 2 trades that did arise. I was looking at trendlines as well and it seemed like went through to the upside. That is why I entered there. Bad idea. Stick to the plan.

I am going to wait until we get the volitility we need maybe today maybe monday.

I just got out at 1270.

Good luck to you man. I am thinking we both might need it

We actually have a lot right in this area. Maybe that is why volitility is way down here. I might have picked the wrong day to test this. Will re consider, especially based on 10:30 candle

I am now long 1 contract. No stops.

For those of you wondering why I am not long yet. Based on the 9:30 candle penetrating the BB and snapping back. You are right to question that. The reason I am not is because we really don't have the volitility yet. When we hit 1274 I will go long.

Now watch it work this time. The market is still pretty jumpy.

For those following what I am doing today. I am tesing the BB method using 1 contract. As of now I am not in the market. I am waiting for the market to tell me when to enter.

Yes, you are right. Sorry...

Fluffy, I like that... Yes, we must find what works for us. Soros said that he could publish his method in the Wall Street Journal and nobody would use because of the losses. That from a proven winner in this game. Should tell ya something.

I understand now. I though that was what you were talking about. I don't like trailing my stops either. I would rather take my money off the table and then re enter on the next set up.

Here are the S/R numbers for tomorrow: Long 1272.50 - 1279.75 Short 1244.75 - ??? The long call was very easy to see but the only short of any significance is a break out of the low today. As I said earlier, tomorrow I will be trading using the BB method on a 15 and 30 minute...

I like to see a big long needle candle. For a true needle top or bottom. The wick or tail (which I call needles) needs to be at least as long as the candle itself. It should really stand out as a reversal candle. The ones I marked you can see as a strong reversal candles. It will go outside the...

Not true, realistically I would have gotten 27 points. I would not have gone all the way up with it. Would have sold my long at 1267.50 Just wanted to correct that.

Here is a reason I want to test this method tomorrow over a longer time. One contract I can set a wide S/L giving me up to 10 points of wiggle room. Surely, I'll notice I am the wrong side of a trade before then... Using 1 contract today I would have made 2 trades making a total of...

Yes, I saw that as well and I am considering trying that method for real tomorrow. I would use a 15 minute chart and if the set up occurrs I'll enter the market with 1 contract and see if I can ride the whole movement. Don't have to worry about up and down whipsaw action. I will stay in all day...

LOL...mine to...We'll get'em tomorrow...