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I think this is temporary. JPY will begin its rally against the dollar in a few days. I think the Feds are about done raising the rates (a couple more times this year) especially now that the market is looking a little weak. I doubt they'll want to overdo it.

Being a long time bear on Google since it touched around $450 (search for previous posts), I think GOOG is setting up to move significantly higher (10%+) provided the market doesn't tank. It's been creating a base around this range for a while now. I have started accumulating small lots of...

I feel like I've abandoned this thread since I started it. Well, I don't think this is any confirmation yet but this year is going to be very challenging for all the indices. With that said, I haven't done any serious trading on the index futures and have dedicated more time to trading EUR...

since it's so useful, help us to break each statement down: 1) get in line bud. everyone wants to be a trader. --- Wow, that's quite insightful. 2) i can only assume you know nothing and therefore wouldn't be able to make nothing IMHO --- :confused: Ok, so that's the most helpful post...

but what's the point of posting something that's completely unhelpful and berating? To the other poster: I personally agree that there is an increase in the number of people interested in trading (since the market is half-way decent) but that doesn't mean a market bubble is to occur...

I work for an executive recruiting firm and this is how much these guys make (if you're at least decent): 1) Level I Recruiter (lowest) - $70K - $120K 2) Level II Recruiter - $120K to $150K 3) Level III Recruiter - $150K - $200K 4) Principal - $200K - $400K 5) Partner - $400K ---...

I think ER2 will touch 700 and possibly a little bounce then resume to 680. Good short play so far.

Like some of the guys said, I prefer to hold core swing trade positions while I daytrade other stocks such as the day's top gainers or a stock that has news floating around it. Quite honestly, my position trades are far more profitable than my daytrades. For daytrades, there are days where I...

The US have taken advantage of poorer nation such as Venezuela for the longest time. Ravaging their natural resources, sucking their resources dry, and now, they are wisening up and fighting back. I wouldn't be surprised to suddenly read in the newspaper "Hugo Chavez dies in a helicopter crash"...

i think it will close the divergence between itself and the SPX, and NDX.

2.50 trailing is kinda tight. Actually, I've failed miserably trying to daytrade ER2 so good luck to you. It's too sporadic for me. I think ER2 is good for swingtrading though.

I reshorted 1 contract yesterday at 738. I think we see 680 here.

I think whatever the initial reaction after the FOMC meeting, it will be short lived. So if ER2 rallied after the FOMC, it will immediately drop back. Or, vice versa, if ER2 drops after FOMC, it will rally back up. Thanks for the replies guys, I covered 2 of my 3 shorts. I don't think I...

I think the mother of all crashes will happen within the next 5 years. It's a scary though.. I think I'm gonna migrate to China. lol.

easy guys. let's not start a pissing contest on this thread. We're all here to make money :)

Thanks guys. You're right, I usually trade when a trend has clearly been established. I guess I'm gambling a bit here but we'll see how it turns out. It's sad when once in a while, I get the temptation to pick out a top like this one :(

support resistance is pointing up but I saw today's action on my tech charts showing as overbought and signs of weakness. ER2 is always tricky though. I've got stops at 741. We'll see what happens next week.

What do you guys think? seems like the market is still up big but ER2 is close to making a gravestone doji near the top of the trend. Shorting 3 contracts here. Look to cover around 690 maybe(?).

Well, the last 2 days I had my ass kicked by the market. $-6200 for shorting the ER2. tomorrow's another day and there's still approx 11 months to go so no worries.

That's the freedom we enjoy,we have to take the good with the bad. Otherwise, we'll be living in North Korea. Just look at Bush, he's gonna start allowing the spying of Americans pretty soon if we don't watch him but I'll leave that to another discussion for another time.