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Jay, I definitely agree. The things we do are some of the most common (that's why they work LOL), though I do have a few things up my sleeve which probably very few people know or do (as a result of very long & hard study). And apart from yesterday's triangle play, I think even in the point...

Brilliant comment! Couldn't agree anymore! When everybody is long, go short...

Jay, did you take the 50% retracement on EUR in the 310 area? I'm sitting in there, waiting for a good continuation, and it's starting to look like decent rejection. It was pretty much a no-brainer after that big move, really. Wonder what you think.

I didn't post much yesterday, I was actually quite upset (and still am) because of a missed EUR trade. I have a simple system signal which gets me into longer moves, and I ALWAYS take it, without exception. However, yesterday, I hesitated - for whatever reason - and then dropped it. I missed the...

No, I totally disagree. No matter if it's "ranging" or trending, there is always a wide trading range which you can exploit. The more trends you take within a trend, the more money you can make. Ideally you could all styles at the same time (SCT). Perhaps you'd care to look at smaller timeframes...

Man, your trading style is just so similar to mine, it's not even funny. Also the bit about which ones you day trade and which ones swing trade. I used to do well over 50+ a day on the ES, now I try to take a couple of swings a day. Yesterday, I went short in the morning, took 3/4 off for a...

Baruch, that is a well-meant, yet silly comment. I really was joking about betting the farm. How much do you think I risk on a single trade? How much do YOU risk on a single trade? I would not risk more than 1%, or, at the worst, 2%. Yesterday's EUR short never even came anywhere remotely near...

:cool:

LOL! Gotta love first-post chicken-hawk cowards who join ET just to scatter their $hit. Why not post with your usual handle, bro? :p

Couldn't agree anymore with this. I don't usually bet, but if I was to bet on Osama's existence, I'd say the chance is 98% that he's looong dead. That's pretty good odds for a bet. Osama, in late 2001(!) was so sick of diabetes (and probably secondary osteoporosis as well), it looked like...

LOL! :D Yeah right Baruch! The actual truth is, I borrowed on all my credit cards, mortgaged all my houses and bet the farm EUR short @220 this morning, and I'm still holding! :p ES short (the biggest play for today) still looking noooice...

Baruch... Why all these shallowly thought-out one-liner questions? I have explained the scaling down to you already. As for the trend part - Which trend? On the 15m? 5m? 60M? D? How about the downtrend and triangle on the Daily? That's what I was looking at. It was a longer-term play...

No, never! "Losers" are only that once the original plan is negated. Once that is the case, I will exit totally. Position scaling / pyramiding depends on my plan. If the R:R of the play justifies it, yes, I will add on adverse excursion levels. That isn't "adding to losers". Don't...

Out of most of ES short, average +4.25 pts. Might re-enter short at higher level, but still holding 1/4 for swing trade. P.S: I have a short LMT ES @19.50 and 19.75. If price gets there, that'd be my next entry...

Added more to short here at 1.2320 level. Holding firm and tight... Also just entered ES short at 20.25 small size, then after the news I went large size at 20.50. OK, this might seem like an unbelievable entry now, and you really don't have to believe it. It was witnessed by trimdax in...

Much smaller than you'd think... :D Well, the stop on that particular play was 4T, actually. And the gain was more than 5 times that. What matters is not how often you're right, but how much you win if you're right and how much you lose if you're not...

Yes, the entry was almost perfect, as it turned out... Maximum drawdown 1T! Well, I followed the chart pattern. It went down shortly after than. The news propelled it right into super-profit... I took about 2/3 of what I could have taken. Shame about missing the later long though... :(

WOW, another perfect entry, and it went all the way to 215. Very nice. Since the news were bogus (way exxagerated for the # IMO), I took a good deal at 224 (precise 60% fib level), for +20T, took some more below, when the tape stalled, around the 18 level, the total on position was ~23T...

I'm short the EUR since 1.2244... See how we go.

No Mike, let's reformulate it this way: I hope you went long! Since you had so much conviction in your opinion - no reason not to back it up.