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    Learning to read Price Action with P&F Charting

    I don't really like the volume and it's kind of a sloth ... took months to move a couple of bucks; that would especially hurt with options What do you think of IBN? On the Close chart it's looking like a good entry point, 40 Aug Calls As for the backtesting, I only did it with Close...
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    Learning to read Price Action with P&F Charting

    I think SYK might do well, I was thinking about going in but I already have ABT, which is just pissing me off, but that's besides the point. Sold half my CMI position, $210 net. Other half is currently up $140. Thinking about what else to go into ...
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    Learning to read Price Action with P&F Charting

    Hey, Nope, I didn't buy COV, I will probably buy tomorrow, depending on how it does. Any other stocks catch your eye? As an update, CMI +230 (up $100 from yesterday) ABT -70 (up $30 from yesterday) CMI I will probably sell half my position and hold the other for earnings - I think...
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    Learning to read Price Action with P&F Charting

    Actually, to keep the thread going and to learn from each other, I think I will start posting possible trades I made (in case anyone cares). Just as a warning, I barely have no idea what I'm doing ... lol Right now I am Long ABT since it was about 57, long CMI when it was at 61 and again when...
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    Learning to read Price Action with P&F Charting

    So MT was a wash ... Hope cmi keeps doin what it does I know what you mean flyinGlead, I just try to make a stop at 3 dollars below the entry Price. Currently abt is still a loss for me but I entered at 57 so not going to sell that yet ; What do you think of COV?
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    Learning to read Price Action with P&F Charting

    Yeah, if it gets above 80 I'm out Take a look at UYG, this is either a great Long... or Short opportunity .. lol Will this be a failed double top breakout or will it actually BE a double top breakout? (Close values, High/Low shows a breakout already)
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    Finviz

    Great site! Thanks
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    The ultimate carry trade

    They're suffering from deflation, which you say is the real danger - I don't see how you resolve this conflict
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    Learning to read Price Action with P&F Charting

    well if it helps I just added to my long cmi position and short mt position (at 66.4 and 78.8 respectively )
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    The ultimate carry trade

    How long have these reit's been at such depressed prices?
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    Learning to read Price Action with P&F Charting

    In the last box meaning, just before it breaks out? Can you give an example? I have had good results in my limited trading buying well after the buy signals on down days
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    My high school summer job: trading the NQ

    Yeah I'd have to agree, trade 100 or even 50 share lots of ETF's (especially SPY/QQQQ/DIA if you're dead set on trading those futures)
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    "Always be fading"?

    Completely agree. Great post by baggerlord.
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    My high school summer job: trading the NQ

    Perfect man. I had some trouble with over-trading that took some time to get over, and writing down the exact step by step rules of my strategy helped to curtail that. Good luck.
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    My high school summer job: trading the NQ

    I'm sorry if someone has suggested this already, but I would say write down the exact steps of your strategy , and enter your stops (if appropriate) atthr time of entry , and keep a log of whether you follow your strategy and what the result is. This would be a good idea regardless of paper or...
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    Only 4 of The Top 55 Legendary Investors Are 'Up' In 2008

    I was referring to this post. Daytrading is scalable to 10 million, 100 million, 1 billion and so on.
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    Only 4 of The Top 55 Legendary Investors Are 'Up' In 2008

    Yes "Renaissance represents a validation of the quantitative trading model and trades with such high frequency that it (the Nova fund, specifically) accounts for over 10% of all the trades occurring on NASDAQ some days." http://en.wikipedia.org/wiki/Renaissance_Technologies
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    Only 4 of The Top 55 Legendary Investors Are 'Up' In 2008

    Like Renaissance Technology?
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    Indicator for intraday beta?

    why not calculate it yourself ? I believe you could figure out lag/lead based on changes to your calculated beta throughtouy the day
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    **obvious Trade In Qyd And Aapl About To Occur Read***

    Wasn't that part of his prediction? :D
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